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Registered number: 07652976
Kingdom Contracting Services Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Chandler Tuck Limited
Chartered Accountants
1st Floor
30 North Street
Ashford
Kent
TN24 8JR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07652976
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 119,366 406,456
119,366 406,456
CURRENT ASSETS
Stocks 5 - 10,000
Debtors 6 282,955 163,232
Cash at bank and in hand 64 29,389
283,019 202,621
Creditors: Amounts Falling Due Within One Year 7 (415,293 ) (663,189 )
NET CURRENT ASSETS (LIABILITIES) (132,274 ) (460,568 )
TOTAL ASSETS LESS CURRENT LIABILITIES (12,908 ) (54,112 )
Creditors: Amounts Falling Due After More Than One Year 8 (257,512 ) (241,435 )
NET LIABILITIES (270,420 ) (295,547 )
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account (270,421 ) (295,548 )
SHAREHOLDERS' FUNDS (270,420) (295,547)
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For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Frosina O'Connell
Director
8 April 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Kingdom Contracting Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07652976 . The registered office is 1st Floor 30 North Street, Ashford, Kent, TN24 8JR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
Motor Vehicles 20% reducing balance
Computer Equipment 20% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 4)
3 4
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 640,231 377,994 6,029 1,024,254
Disposals (336,856 ) (345,994 ) (2,520 ) (685,370 )
As at 31 May 2024 303,375 32,000 3,509 338,884
Depreciation
As at 1 June 2023 359,271 253,972 4,555 617,798
Provided during the period 26,333 3,276 223 29,832
Disposals (187,585 ) (238,356 ) (2,171 ) (428,112 )
As at 31 May 2024 198,019 18,892 2,607 219,518
Net Book Value
As at 31 May 2024 105,356 13,108 902 119,366
As at 1 June 2023 280,960 124,022 1,474 406,456
5. Stocks
2024 2023
£ £
Stock - 10,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 105,084 2,718
Other debtors 177,871 160,514
282,955 163,232
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 152,871
Trade creditors 24,265 1,267
Bank loans and overdrafts 24,545 27,946
Other creditors 344,732 426,267
Taxation and social security 21,751 54,838
415,293 663,189
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 203,387 160,441
Bank loans 54,125 80,994
257,512 241,435
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 221,901
Later than one year and not later than five years 203,387 160,441
203,387 382,342
Less: Finance charges allocated to future periods - 69,030
203,387 313,312
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
11. Ultimate Controlling Party
The company's ultimate controlling party is Frosina O'Connell by virtue of her ownership of 100% of the issued share capital in the company.
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