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REGISTERED NUMBER: 07554694 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

KING-COM COMMUNICATIONS LIMITED

KING-COM COMMUNICATIONS LIMITED (REGISTERED NUMBER: 07554694)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KING-COM COMMUNICATIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Mr Edward Matthew Crook





REGISTERED OFFICE: 7 King Street
Drighlington
Bradford
West Yorkshire
BD11 1AA





REGISTERED NUMBER: 07554694 (England and Wales)





ACCOUNTANTS: Syers McGill
9 Kerry Street
Horsforth
Leeds
West Yorkshire
LS18 4AW

KING-COM COMMUNICATIONS LIMITED (REGISTERED NUMBER: 07554694)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 96,475 113,907

CURRENT ASSETS
Stocks 14,790 9,820
Debtors 5 238,156 224,844
Cash at bank 9,160 11,469
262,106 246,133
CREDITORS
Amounts falling due within one year 6 198,011 149,230
NET CURRENT ASSETS 64,095 96,903
TOTAL ASSETS LESS CURRENT
LIABILITIES

160,570

210,810

CREDITORS
Amounts falling due after more than one year 7 (58,784 ) (67,567 )

PROVISIONS FOR LIABILITIES 9 (18,136 ) (21,173 )
NET ASSETS 83,650 122,070

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 83,550 121,970
SHAREHOLDERS' FUNDS 83,650 122,070

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KING-COM COMMUNICATIONS LIMITED (REGISTERED NUMBER: 07554694)

BALANCE SHEET - continued
31 JULY 2024


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 director and authorised for issue on 10 March 2025 and were signed by:





Mr Edward Matthew Crook - Director


KING-COM COMMUNICATIONS LIMITED (REGISTERED NUMBER: 07554694)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

King-com Communications 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


KING-COM COMMUNICATIONS LIMITED (REGISTERED NUMBER: 07554694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 15,126 142,259 9,537 166,922
Additions 742 - 6,270 7,012
At 31 July 2024 15,868 142,259 15,807 173,934
DEPRECIATION
At 1 August 2023 4,846 43,908 4,261 53,015
Charge for year 3,203 18,451 2,790 24,444
At 31 July 2024 8,049 62,359 7,051 77,459
NET BOOK VALUE
At 31 July 2024 7,819 79,900 8,756 96,475
At 31 July 2023 10,280 98,351 5,276 113,907

KING-COM COMMUNICATIONS LIMITED (REGISTERED NUMBER: 07554694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023
and 31 July 2024 142,259
DEPRECIATION
At 1 August 2023 43,908
Charge for year 18,451
At 31 July 2024 62,359
NET BOOK VALUE
At 31 July 2024 79,900
At 31 July 2023 98,351

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 170,895 207,608
Other debtors and prepayments 67,261 17,236
238,156 224,844

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 44,844 5,914
Hire purchase contracts 18,643 21,772
Trade creditors 12,859 10,136
Tax 9,978 20,496
Social security and other taxes 79,084 73,202
Other creditors 25,244 6,678
Directors' current accounts 99 937
Accrued expenses 7,260 10,095
198,011 149,230

KING-COM COMMUNICATIONS LIMITED (REGISTERED NUMBER: 07554694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 17,527 7,667
Hire purchase contracts 41,257 59,900
58,784 67,567

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Hire purchase contracts 59,900 81,672

The hire purchase contracts are secured against the assets to which they relate.

9. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 18,136 21,173

Deferred
tax
£   
Balance at 1 August 2023 21,173
Credit to Income Statement during year (3,037 )
Balance at 31 July 2024 18,136

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
95 Ordinary £1 95 95
5 A Ordinary £1 5 5
100 100

KING-COM COMMUNICATIONS LIMITED (REGISTERED NUMBER: 07554694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


11. RESERVES
Retained
earnings
£   

At 1 August 2023 121,970
Profit for the year 27,580
Dividends (66,000 )
At 31 July 2024 83,550

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Edward Matthew Crook.