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REGISTERED NUMBER: 00580493 (England and Wales)















AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

KINGSBURY JIG & TOOL GROUP LIMITED

KINGSBURY JIG & TOOL GROUP LIMITED (REGISTERED NUMBER: 00580493)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


KINGSBURY JIG & TOOL GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: C T Wilkins



SECRETARY: I A Hinton



REGISTERED OFFICE: London Road
Bassetts Pole
Sutton Coldfield
West Midlands
B75 5SA



REGISTERED NUMBER: 00580493 (England and Wales)



SENIOR STATUTORY AUDITOR: Mark Fletcher BSc ACA



AUDITORS: Crombies Accountants Limited
Chartered Accountants and Statutory Auditor
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

KINGSBURY JIG & TOOL GROUP LIMITED (REGISTERED NUMBER: 00580493)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 535,954 568,547
Investments 5 3,098 3,098
Investment property 6 6,149,250 6,149,250
6,688,302 6,720,895

CURRENT ASSETS
Debtors 7 2,560,078 2,640,542
Prepayments and accrued income 10,260 10,719
Cash at bank and in hand 501,138 232,964
3,071,476 2,884,225
CREDITORS
Amounts falling due within one year 8 2,800,734 2,551,993
NET CURRENT ASSETS 270,742 332,232
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,959,044

7,053,127

CAPITAL AND RESERVES
Called up share capital 28,074 28,074
Share premium 35,000 35,000
Fair value reserve 9 3,151,026 3,151,026
Capital redemption reserve 8,926 8,926
Retained earnings 3,736,018 3,830,101
SHAREHOLDERS' FUNDS 6,959,044 7,053,127

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 April 2025 and were signed by:





C T Wilkins - Director


KINGSBURY JIG & TOOL GROUP LIMITED (REGISTERED NUMBER: 00580493)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Kingsbury Jig & Tool Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Management charges is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

(a) Depreciation

Depreciation is provided on all tangible fixed assets other than freehold land and investment properties at rates calculated to write each asset down to its estimated residual value evenly over its expected useful life, as follows:-

Freehold buildingsover 50 years
Plant and machineryover 8 years
Motor vehiclesover 4 years
Fixtures and fittingsover 10 years
Computer equipmentover 4 years

(b) Revalued assets

The company revalued various land and buildings on the basis of open market value for existing use in 2016.The assets have not been externally revalued since this date but in accordance with FRS102 the directors assess the revalued amounts for any impairment.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


KINGSBURY JIG & TOOL GROUP LIMITED (REGISTERED NUMBER: 00580493)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a pension scheme for its employees providing benefits based on contributions. The pension cost charge represents contributions paid by the company to the funds.

Investments
Long term investments are described as participating interests and are classified as fixed assets.

Participating interests are stated at cost.

Provision is made for any permanent diminution in the value of fixed asset investments.

Leased assets
All leases are "operating lease". The annual rentals are charged to profit and loss on a straight line basis.

Pension contributions
The company operates a pension scheme for its employees providing benefits based on contributions. The pension cost charge represents contributions paid by the company to the funds.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

KINGSBURY JIG & TOOL GROUP LIMITED (REGISTERED NUMBER: 00580493)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST OR VALUATION
At 1 October 2023 505,750 524,552 1,030,302
Additions - 3,000 3,000
Disposals - (2,292 ) (2,292 )
At 30 September 2024 505,750 525,260 1,031,010
DEPRECIATION
At 1 October 2023 8,145 453,610 461,755
Charge for year 8,145 27,448 35,593
Eliminated on disposal - (2,292 ) (2,292 )
At 30 September 2024 16,290 478,766 495,056
NET BOOK VALUE
At 30 September 2024 489,460 46,494 535,954
At 30 September 2023 497,605 70,942 568,547

Included in cost or valuation of land and buildings is freehold land of £ 98,500 (2023 - £ 98,500 ) which is not depreciated.

Cost or valuation at 30 September 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 1999 204,584 - 204,584
Valuation in 2008 60,179 - 60,179
Valuation in 2016 19,150 - 19,150
Valuation in 2024 149,500 - 149,500
Cost 72,337 525,260 597,597
505,750 525,260 1,031,010

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023
and 30 September 2024 3,098
NET BOOK VALUE
At 30 September 2024 3,098
At 30 September 2023 3,098

KINGSBURY JIG & TOOL GROUP LIMITED (REGISTERED NUMBER: 00580493)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 6,149,250
NET BOOK VALUE
At 30 September 2024 6,149,250
At 30 September 2023 6,149,250

The director has considered the valuation at the reporting date and confirmed no change.

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2008 1,110,494
Valuation in 2016 (424,996 )
Valuation in 2024 1,665,500
Cost 3,798,252
6,149,250

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,398,221 1,686,759
Other debtors 1,161,857 953,783
2,560,078 2,640,542

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,593 28,065
Taxation and social security 138,128 116,525
Other creditors 2,654,013 2,407,403
2,800,734 2,551,993

9. RESERVES
Fair
value
reserve
£   
At 1 October 2023
and 30 September 2024 3,151,026

No deferred tax liability arose on the fair value reserve.

KINGSBURY JIG & TOOL GROUP LIMITED (REGISTERED NUMBER: 00580493)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Fletcher BSc ACA (Senior Statutory Auditor)
for and on behalf of Crombies Accountants Limited

11. OTHER FINANCIAL COMMITMENTS

The company has given a guarantee on behalf of related parties in relation to bank liabilities.