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REGISTERED NUMBER: 02639259 (England and Wales)















Financial Statements

for the Year Ended 31 August 2024

for

KINGCLEAN LIMITED

KINGCLEAN LIMITED (REGISTERED NUMBER: 02639259)

Contents of the Financial Statements
for the Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KINGCLEAN LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTORS: A S King
A J King





SECRETARY: A J King





REGISTERED OFFICE: 240 Easterley Road
Leeds
LS8 3ES





REGISTERED NUMBER: 02639259 (England and Wales)





ACCOUNTANTS: Rawse, Varley & Co
Chartered Accountants
Lloyds Bank Chambers
Hustlergate
Bradford
BD1 1UQ

KINGCLEAN LIMITED (REGISTERED NUMBER: 02639259)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 339,202 312,131

CURRENT ASSETS
Stock 1,736 2,068
Debtors 5 2,648 1,691
Cash at bank 7,748 13,861
12,132 17,620
CREDITORS
Amounts falling due within one year 6 75,251 65,486
NET CURRENT LIABILITIES (63,119 ) (47,866 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

276,083

264,265

CREDITORS
Amounts falling due after more than one
year

7

(149,126

)

(131,830

)

PROVISIONS FOR LIABILITIES (25,991 ) (21,734 )
NET ASSETS 100,966 110,701

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 100,866 110,601
SHAREHOLDERS' FUNDS 100,966 110,701

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

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

The directors acknowledge their 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.

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.

KINGCLEAN LIMITED (REGISTERED NUMBER: 02639259)

Balance Sheet - continued
31 August 2024



The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:





A S King - Director


KINGCLEAN LIMITED (REGISTERED NUMBER: 02639259)

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

Kingclean 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.

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 represents the invoiced value of services supplied, less returns and allowances, excluding value added tax.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation.

Depreciation is calculated to write off the assets over their estimated useful lives at the following annual rates:

Freehold buildings-4% of cost
Plant and equipment -equal instalments over 15 years
Motor vehicles -25% on reducing balance
Computer equipment -33 1/3% of cost

Stock
Stock is stated at the lower of cost and net realisable value.

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.

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.

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.

KINGCLEAN LIMITED (REGISTERED NUMBER: 02639259)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


2. ACCOUNTING POLICIES - continued

Leasing and hire purchase
Assets held under hire purchase and similar contracts are capitalised as tangible fixed assets and the corresponding liability to pay rentals are shown net of finance charges as hire purchase and similar obligations. The finance charge element of rentals is allocated so as to produce a constant periodic rate of charge on the remaining balance of the obligations for each accounting period.

Rentals under operating leases are charged to profit and loss account as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant,
equipment
Land and and
buildings vehicles Totals
£    £    £   
COST
At 1 September 2023 207,533 274,791 482,324
Additions - 56,230 56,230
Disposals - (25,999 ) (25,999 )
At 31 August 2024 207,533 305,022 512,555
DEPRECIATION
At 1 September 2023 2,699 167,494 170,193
Charge for year 5,396 23,478 28,874
Eliminated on disposal - (25,714 ) (25,714 )
At 31 August 2024 8,095 165,258 173,353
NET BOOK VALUE
At 31 August 2024 199,438 139,764 339,202
At 31 August 2023 204,834 107,297 312,131

Plant, equipment and vehicles with a net book value of £14,827 (2023 - nil) were held under hire purchase and similar contracts. The depreciation charge for the year in respect of these assets was £4,943 (2023 - nil).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,648 1,691

KINGCLEAN LIMITED (REGISTERED NUMBER: 02639259)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,632 5,922
Hire purchase contracts 19,709 -
Trade creditors 3,960 3,616
Corporation tax 18,981 31,594
Social security and other taxes 14,255 11,597
Directors' loan account 276 3,904
Accruals and deferred income 9,438 8,853
75,251 65,486

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans due within five years 124,752 131,830
Hire purchase contracts due within five years 24,374 -
149,126 131,830

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 15,750 15,750
Between one and five years 63,000 63,000
In more than five years 37,800 53,550
116,550 132,300

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors, A S King and A J King, operate a joint current account with the company which was overdrawn by a maximum amount of £42,196 for a period of 164 days during the year. The current account is interest free and was in credit at both the beginning and end of the year.

11. BANK SECURITY

Bank borrowings are secured by fixed and floating charges over the company's assets. Such borrowings at 31 August 2024 amounted to £133,384 (2023 - £137,752).