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REGISTERED NUMBER: 01436822 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

R.J. KINGSLAND & SON LIMITED

R.J. KINGSLAND & SON LIMITED (REGISTERED NUMBER: 01436822)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R.J. KINGSLAND & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: S Kingsland
S P Clarke
N M Jennings





REGISTERED OFFICE: 2nd Floor
Medway Bridge House
1 - 8 Fairmeadow
Maidstone
Kent
ME14 1JP





REGISTERED NUMBER: 01436822 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
2nd Floor
Medway Bridge House
1-8 Fairmeadow
Maidstone
Kent
ME14 1JP

R.J. KINGSLAND & SON LIMITED (REGISTERED NUMBER: 01436822)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,958 36,364

CURRENT ASSETS
Stocks 5 18,004 23,160
Debtors 6 228,452 257,930
Cash at bank 58,171 100,566
304,627 381,656
CREDITORS
Amounts falling due within one year 7 402,834 444,518
NET CURRENT LIABILITIES (98,207 ) (62,862 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(64,249

)

(26,498

)

CREDITORS
Amounts falling due after more than one
year

8

35,438

61,338
NET LIABILITIES (99,687 ) (87,836 )

CAPITAL AND RESERVES
Called up share capital 11 3,005 3,001
Capital redemption reserve 3,000 3,000
Other reserves 3,060 3,060
Retained earnings (108,752 ) (96,897 )
SHAREHOLDERS' FUNDS (99,687 ) (87,836 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:





S Kingsland - Director


R.J. KINGSLAND & SON LIMITED (REGISTERED NUMBER: 01436822)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

R.J. Kingsland & Son Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company's main place of business since the year end is 11 Styles Close, Sittingbourne, Kent, ME10 3BF.

The principal activity of the company in the year under review was that of the wholesale distribution of fruit and vegetables.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
Accounting standards require the directors to consider the appropriateness of the going concern basis when preparing the financial statements. The directors confirm that they consider that the going concern basis remains appropriate.

Q Catering Supplies Limited purchased 60% of the shares of the business post year end and has since transferred operations to their headquarters in Sittingbourne. This comprises a bespoke facility, temperature controlled, with expansion for growth, and provides the opportunity for streamlining the business and providing benefits across all divisions. Q Catering Supplies Limited specialise in logistics and share a degree of customers of R J Kingsland & Son Limited, enabling deliveries to become more efficient and allowing cross selling of products through the business.

The outlook is positive for the forthcoming year, and the company is confident that it can continue to expand local business opportunities in hospitality, social care, and education.

The directors believe that the company has sufficient resources to continue in operational existence for the foreseeable future. The directors believe this to be the case as the company has positive cash balances and no significant liabilities other than a bank loan. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Financial reporting standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

- the requirements of Section 7 Statements of Cash Flows;
- the requirements of Section 3 Financial Statement Presentation paragraph 3.17 (d);
- the requirements of Section 11 Financial Instruments paragraphs 11.39 to 11.48A;
- the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.29;
- the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;
- the requirements of Section 33 Related Party Disclosures paragraph 33.7.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax and other sales taxes. Sales are recognised upon delivery of goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 5% on cost
Plant and machinery - 15% on cost
Motor vehicles - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

R.J. KINGSLAND & SON LIMITED (REGISTERED NUMBER: 01436822)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only entered into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with significant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 22 ) .

R.J. KINGSLAND & SON LIMITED (REGISTERED NUMBER: 01436822)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Long Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 October 2023 2,992 112,281 272,616 387,889
Additions - 150 - 150
Disposals - - (19,000 ) (19,000 )
At 30 September 2024 2,992 112,431 253,616 369,039
DEPRECIATION
At 1 October 2023 2,992 111,457 237,076 351,525
Charge for year - 227 2,329 2,556
Eliminated on disposal - - (19,000 ) (19,000 )
At 30 September 2024 2,992 111,684 220,405 335,081
NET BOOK VALUE
At 30 September 2024 - 747 33,211 33,958
At 30 September 2023 - 824 35,540 36,364

The net book value of assets under finance leases or hire purchase contracts, included in motor vehicles are £15,386 (2023: £21,539).

5. STOCKS
2024 2023
£    £   
Stocks 18,004 23,160

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 220,083 251,245
Other debtors 8,369 6,685
228,452 257,930

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 24,000 24,000
Hire purchase contracts (see note 9) 1,925 4,487
Trade creditors 307,550 363,737
Taxation and social security 9,361 13,029
Other creditors 59,998 39,265
402,834 444,518

The company has an existing Coronavirus Business Interruption Loan of £120,000, of which £57,000 was outstanding at the year end. Interest is charged at 3.05% over the base rate.

Hire purchase creditors are secured upon the assets to which they relate.

R.J. KINGSLAND & SON LIMITED (REGISTERED NUMBER: 01436822)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 33,000 57,000
Hire purchase contracts (see note 9) 2,438 4,338
35,438 61,338

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 1,925 4,487
Between one and five years 2,438 4,338
4,363 8,825

Non-cancellable operating leases
2024 2023
£    £   
Within one year 31,600 31,600
Between one and five years 126,400 126,400
In more than five years 426,600 458,200
584,600 616,200

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 4,363 8,825

Hire purchase liabilities are secured upon the assets to which they relate.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3,005 Ordinary A 1 3,005 3,001
1 Ordinary B 1 - -
3,005 3,001

During the year, the company alloted 4 Ordinary A shares issued at par. The B share was redesignated an A share.

12. RELATED PARTY DISCLOSURES

At the balance sheet date, the total amount due to a director of the company was £25,064 (2023: £3) , which is included in the other creditors due within one year. The loan is interest free and repayable on demand.

R.J. KINGSLAND & SON LIMITED (REGISTERED NUMBER: 01436822)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


13. ULTIMATE CONTROLLING PARTY

Post year end, the ultimate controlling party changed from S Kingsland to Q Catering Supplies Limited.