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
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
KING HOMES LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
11,221
13,071
Cash at bank and in hand
3,890
6,469
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)
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
KING HOMES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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 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.
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
At 31 March 2024
29,556
15,525
45,081
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
At 31 March 2024
8,263
2,958
11,221
At 31 March 2023
6,836
6,235
13,071
Amounts falling due within one year
Other debtors
2,500
10,000
Amounts falling due after more than one year
Accrued income and prepayments
8,380
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
-
Taxes and social security
10,438
2,183
Loans from directors
-
468
8
Creditors: amounts falling due after more than one year
2024
2023
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).