Registered number
07599583
KINGSWOOD PROPERTY SPECIALISTS LIMITED
Filleted Accounts
31 March 2022
KINGSWOOD PROPERTY SPECIALISTS LIMITED
Registered number: 07599583
Balance Sheet
as at 31 March 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 100 4,404
Current assets
Debtors 4 31,338 39,833
Cash at bank and in hand - 26,021
31,338 65,854
Creditors: amounts falling due within one year 5 (14,583) (39,922)
Net current assets 16,755 25,932
Total assets less current liabilities 16,855 30,336
Creditors: amounts falling due after more than one year 6 (28,667) (37,844)
Provisions for liabilities - (837)
Net liabilities (11,812) (8,345)
Capital and reserves
Called up share capital 10 10
Profit and loss account (11,822) (8,355)
Shareholder's funds (11,812) (8,345)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S ENGLEFIELD
Director
Approved by the board on 25 April 2025
KINGSWOOD PROPERTY SPECIALISTS LIMITED
Notes to the Accounts
for the year ended 31 March 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
The company did not trade during the year and has not traded since that date.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, 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 and machinery 20% on book values
Motor vehicles 25% on book values
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Any other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company - 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2021 1,863 7,828 9,691
At 31 March 2022 1,863 7,828 9,691
Depreciation
At 1 April 2021 1,863 3,424 5,287
Charge for the year - 4,304 4,304
At 31 March 2022 1,863 7,728 9,591
Net book value
At 31 March 2022 - 100 100
At 31 March 2021 - 4,404 4,404
4 Debtors 2022 2021
£ £
Trade debtors - 600
Other debtors 31,338 39,233
31,338 39,833
5 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 4,333 4,333
Obligations under finance lease and hire purchase contracts - 2,462
Trade creditors - 2,083
Taxation and social security costs 10,250 31,044
14,583 39,922
6 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 28,667 35,667
Obligations under finance lease and hire purchase contracts - 2,177
28,667 37,844
7 Related party transactions
There were no related party transactions during the year.
8 Controlling party
Throughout this and the previous period the company was under the control of Mr S Englefield, a director and shareholder.
9 Other information
KINGSWOOD PROPERTY SPECIALISTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is Dawes Court House, Dawes Court, High Street, Esher, KT10 9QD.
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