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King Bros.And Potts,Limited
Registered Number:00126369
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2025
King Bros.And Potts,Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
00126369
As at 31 March 2025
King Bros.And Potts,Limited
Statement of Financial Position
£
£
2024
2025
Notes
Fixed assets
Property, plant and equipment
29,005
32,683
2
29,005
32,683
Current assets
Inventories
40,000
40,000
3
Trade and other receivables
7,997
7,061
4
15,722
Cash and cash equivalents
22,077
69,138
63,719
Trade and other payables: amounts falling due within one
year
(33,934)
(30,433)
5
29,785
38,705
Net current assets
Total assets less current liabilities
67,710
62,468
Trade and other payables: amounts falling due after more
than one year
(23,429)
(17,338)
6
(3,906)
(4,560)
Provisions for liabilities
46,466
Net assets
34,479
Capital and reserves
Called up share capital
11,584
11,584
Retained earnings
34,882
22,895
46,466
34,479
Shareholders' funds
For the year ended 31 March 2025 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 of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
00126369
For the year ended 31 March 2025
King Bros.And Potts,Limited
Statement of Financial Position Continued
Mr Roger James Cuthbert Director
These financial statements were approved and authorised for issue by the Board on 13 May 2025 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 March 2025
King Bros.And Potts,Limited
Notes to the Financial Statements
Statutory Information
King Bros.And Potts,Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 00126369.
Registered address:
Unit 5&6 Alexander Parade
Park Avenue Hastings
East Sussex
TN34 2PQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25 Reducing balance
25 Straight line
Computer Equipment
25 Reducing balance
Motor Vehicles
15 Reducing balance
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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6
For the year ended 31 March 2025
King Bros.And Potts,Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Plant and
Machinery
£
£
£
£
£
Cost or
valuation
At 01 April 2024
101,444
-
37,319
13,214
50,911
3,279
1,050
-
-
2,229
Additions
At 31 March 2025
13,214
37,319
1,050
104,723
53,140
Provision for depreciation and impairment
At 01 April 2024
68,761
-
16,978
12,470
39,313
Charge for year
6,957
263
3,051
186
3,457
At 31 March 2025
75,718
263
20,029
12,656
42,770
At 31 March 2025
Net book value
10,370
558
17,290
787
29,005
At 31 March 2024
11,598
744
20,341
-
32,683
3. Inventories
2024
2025
£
£
Stocks
40,000
40,000
4. Trade and other receivables
2024
2025
£
£
Trade debtors
6,224
6,808
Prepayments and accrued income
837
1,189
7,997
7,061
5. Trade and other payables: amounts falling due within one year
2024
2025
£
£
Bank loans and overdraft (secured)
6,000
6,000
Trade creditors
14,969
19,689
Taxation and social security
8,907
6,465
Accruals and deferred income
515
515
Directors' loan accounts
42
1,265
30,433
33,934
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7
For the year ended 31 March 2025
King Bros.And Potts,Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2024
2025
£
£
Bank loans and overdraft (secured)
17,338
23,429
7. Average number of persons employed
During the year the average number of employees was 3 (2024 : 3)
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