1 April 2023 false Taxfiler 2024.6 true 10220204business:PrivateLimitedCompanyLtd2023-04-012024-03-31 102202042023-03-31 102202042023-04-012024-03-31 10220204business:AuditExemptWithAccountantsReport2023-04-012024-03-31 10220204business:FilletedAccounts2023-04-012024-03-31 102202042024-03-31 10220204business:Director12023-04-012024-03-31 10220204business:RegisteredOffice2023-04-012024-03-31 102202042023-03-31 10220204core:WithinOneYear2024-03-31 10220204core:WithinOneYear2023-03-31 10220204core:AfterOneYear2024-03-31 10220204core:AfterOneYear2023-03-31 10220204core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 10220204core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 10220204core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 10220204core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 10220204core:PreviouslyStatedAmount2024-03-31 10220204core:PreviouslyStatedAmount2023-03-31 10220204business:SmallEntities2023-04-012024-03-31 10220204countries:EnglandWales2023-04-012024-03-31 10220204core:PlantMachinery2023-04-012024-03-31 10220204core:ComputerEquipment2023-04-012024-03-31 10220204core:PlantMachinery2023-03-31 10220204core:ComputerEquipment2023-03-31 10220204core:PlantMachinery2024-03-31 10220204core:ComputerEquipment2024-03-31 102202042022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 10220204 (England and Wales)
KING HOMES LIMITED Unaudited accounts for the year ended 31 March 2024
KING HOMES LIMITED Unaudited accounts Contents
Page
- 2 -
KING HOMES LIMITED Company Information for the year ended 31 March 2024
Director
James Robert Dunford
Company Number
10220204 (England and Wales)
Registered Office
37A Alcester Road Studley B80 7LL England
Accountants
AC Counts & Services Ltd Office 42 Imex Business Centre, Oxleasow Road Redditch Worcestershire B98 0RE
- 3 -
KING HOMES LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,221 
13,071 
Current assets
Debtors
64,179 
18,125 
Investments
30,324 
34,183 
Cash at bank and in hand
3,890 
6,469 
98,393 
58,777 
Creditors: amounts falling due within one year
(46,288)
(26,723)
Net current assets
52,105 
32,054 
Total assets less current liabilities
63,326 
45,125 
Creditors: amounts falling due after more than one year
(11,667)
(14,667)
Net assets
51,659 
30,458 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
51,559 
30,358 
Shareholders' funds
51,659 
30,458 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 March 2025 and were signed on its behalf by
James Robert Dunford Director Company Registration No. 10220204
- 4 -
KING HOMES LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
KING HOMES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10220204. The registered office is 37A Alcester Road, Studley, B80 7LL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line Method
Computer equipment
25% Straight Line Method
Going Concern
The financial statements have been prepared on a going concern basis. This assumes the continued support of the director. The director has indicated his support will continue for the foreseeable future.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
- 5 -
KING HOMES LIMITED Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
24,055 
14,917 
38,972 
Additions
5,501 
608 
6,109 
At 31 March 2024
29,556 
15,525 
45,081 
Depreciation
At 1 April 2023
17,219 
8,682 
25,901 
Charge for the year
4,074 
3,885 
7,959 
At 31 March 2024
21,293 
12,567 
33,860 
Net book value
At 31 March 2024
8,263 
2,958 
11,221 
At 31 March 2023
6,836 
6,235 
13,071 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
2,500 
10,000 
Amounts falling due after more than one year
Trade debtors
49,223 
- 
Accrued income and prepayments
8,380 
8,125 
Other debtors
4,076 
- 
61,679 
8,125 
6
Investments held as current assets
2024 
2023 
£ 
£ 
Unlisted investments
30,324 
34,183 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,898 
- 
VAT
24,622 
16,514 
Trade creditors
317 
- 
Taxes and social security
10,438 
2,183 
Loans from directors
- 
468 
Accruals
6,013 
7,558 
46,288 
26,723 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,667 
14,667 
- 6 -
KING HOMES LIMITED Notes to the Accounts for the year ended 31 March 2024
9
Average number of employees
During the year the average number of employees was 2 (2023: 3).
- 7 -