Kingswood Contract Interiors Limited


FINANCIAL STATEMENTS


for the year ended 31st July 2024



Kingswood Contract Interiors Limited

CONTENTS

for the year ended 31st July 2024







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Kingswood Contract Interiors Limited

Company No. 12737584

STATEMENT OF FINANCIAL POSITION

as at 31st July 2024

20242023
Note£££
FIXED ASSETS
Property, plant and equipment46393344041
6393344041
CURRENT ASSETS
Stocks512561932
Debtors6146418145145
Cash at bank and in hand9354475888
241218222965
CURRENT LIABILITIES
Creditors: amounts falling due
within one year7240221229977
NET CURRENT ASSETS/(LIABILITIES)997(7012)
TOTAL ASSETS LESS CURRENT LIABILITIES6493037029
 
Creditors: amounts falling due
after more than one year--
 
NET ASSETS6493037029
 
CAPITAL AND RESERVES
Called up share capital11
Retained earnings6492937028
SHAREHOLDERS FUNDS6493037029

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 31st July 2024 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 23 January 2025


Deer M

Director

Company Number 12737584 (England)

Kingswood Contract Interiors Limited

NOTES TO THE ACCOUNTS

for the year ended 31st July 2024


1   Statutory information

Kingswood Contract Interiors Limited is a private company limited by shares and registered under company number 12737584 in England. Its registered office address is 12 Hatherley Road, Sidcup, Kent, United Kingdom, DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles15-25% reducing balance

Stocks

Stocks are valued at the lower of cost and expected selling price less any costs to sell.

Leasing

Assets, obtained under hire purchase contracts and 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 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 on a straight line basis.

3   Employee information

The average number of employees during the accounting period was 2 (2023 - 2).

4   Property, plant and equipment
 
PlantFixtures
Motorandand
VehiclesMachineryFittingsTotal
££££
Cost
At 1st August 2023 49995002477055793
Additions-35952178437736
At 31st July 2024499985976255493529
 
Depreciation
At 1st August 2023 1458995733711752
Charge for year72731001755417844
At 31st July 202487311997489129596
 
Net Book Value
At 31st July 2024(3732)66002166363933
At 31st July 202335414006743344041

5   Stocks20242023
££
 
Raw materials and consumables12561932
12561932

The difference between purchase price or production cost of stocks and their replacement cost is not material.


6   Debtors20242023
££
 
Trade Debtors2641836123
Amounts owed by group undertakings and undertakings in which the
  Company has a participating interest120000-
Other debtors-109022
146418145145

7   Creditors: amounts falling due within one year20242023
££
 
Trade Creditors13191061592
Corporation tax75086121
Taxes and social security costs4075950803
Other creditors5524955956
Accruals and deferred income479555505
240221229977

8   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

20242023
££
 
Deer M3878740264
3878740264

2024-07-31false2023-08-012024-07-3112737584uk-bus:Director12023-08-012024-07-3112737584uk-gaap:ShareCapital2024-07-3112737584uk-gaap:ShareCapital2023-07-3112737584uk-gaap:RetainedEarningsAccumulatedLosses2024-07-3112737584uk-gaap:RetainedEarningsAccumulatedLosses2023-07-3112737584uk-gaap:VehiclesPlantMachinery2023-08-012024-07-3112737584uk-gaap:MotorVehicles2023-07-3112737584uk-gaap:PlantMachinery2023-07-3112737584uk-gaap:FurnitureFittingsToolsEquipment2023-07-3112737584uk-gaap:MotorVehicles2023-08-012024-07-3112737584uk-gaap:PlantMachinery2023-08-012024-07-3112737584uk-gaap:FurnitureFittingsToolsEquipment2023-08-012024-07-3112737584uk-gaap:MotorVehicles2024-07-3112737584uk-gaap:PlantMachinery2024-07-3112737584uk-gaap:FurnitureFittingsToolsEquipment2024-07-3112737584uk-gaap:WithinOneYear2024-07-3112737584uk-gaap:WithinOneYear2023-07-31127375842023-08-012024-07-31127375842022-08-012023-07-31127375842024-07-31127375842023-07-3112737584uk-bus:SmallEntities2023-08-012024-07-3112737584uk-bus:AuditExempt-NoAccountantsReport2023-08-012024-07-3112737584uk-bus:FullAccounts2023-08-012024-07-3112737584uk-bus:PrivateLimitedCompanyLtd2023-08-012024-07-3112737584countries:EnglandWales2023-08-012024-07-3112737584uk-bus:Director112023-07-3112737584uk-bus:Director112024-07-31iso4217:GBPxbrli:purexbrli:shares