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REGISTERED NUMBER: 04307577 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

KINGSTON PTM LIMITED

KINGSTON PTM LIMITED (REGISTERED NUMBER: 04307577)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025










Page

Balance sheet 1

Notes to the financial statements 2


KINGSTON PTM LIMITED (REGISTERED NUMBER: 04307577)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £   
Fixed assets
Tangible assets 4 4,980 1,101

Current assets
Stocks 16,198 16,398
Debtors 5 136,733 144,397
Cash at bank and in hand 652,157 557,039
805,088 717,834
Creditors
Amounts falling due within one year 6 415,917 343,314
Net current assets 389,171 374,520
Total assets less current liabilities 394,151 375,621

Capital and reserves
Called up share capital 9 124,579 124,579
Capital redemption reserve 7,433 7,433
Retained earnings 262,139 243,609
Shareholders' funds 394,151 375,621

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2025 and were signed on its behalf by:





Mr G F Starmer - Director


KINGSTON PTM LIMITED (REGISTERED NUMBER: 04307577)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


1. Statutory information

Kingston PTM Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 04307577. The registered office and business address is Fairstowe Chambers, Library Road, Ferndown, Dorset, BH22 9JP.

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 amounts receivable in respect of services provided in the ordinary course of business, net of VAT where applicable. Turnover is recognised when the service has been provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Office equipment - 33% on cost

Stocks
Stock is valued at the lower of cost and net realisable value, after making allowance for obsolete and slow moving items.The value is recognised by reference to the stage of completeness or time spent at the year end.

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 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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

KINGSTON PTM LIMITED (REGISTERED NUMBER: 04307577)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


3. Employees and directors

The average number of employees during the year was 16 (2024 - 16 ) .

4. Tangible fixed assets
Fixtures
Plant and and Office
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 February 2024 15,744 36,632 105,984 158,360
Additions - - 6,608 6,608
At 31 January 2025 15,744 36,632 112,592 164,968
Depreciation
At 1 February 2024 15,744 36,091 105,424 157,259
Charge for year - 135 2,594 2,729
At 31 January 2025 15,744 36,226 108,018 159,988
Net book value
At 31 January 2025 - 406 4,574 4,980
At 31 January 2024 - 541 560 1,101

5. Debtors: amounts falling due within one year
2025 2024
£    £   
Trade debtors 25,741 28,306
Commissions owed 80,926 75,477
Other debtors 705 732
Deferred tax asset 13,307 13,654
Prepayments and accrued income 16,054 26,228
136,733 144,397

6. Creditors: amounts falling due within one year
2025 2024
£    £   
Trade creditors 8,767 13,365
Social security and other taxes 16,363 -
VAT 10,595 9,906
Provision for bonuses 158,826 130,716
Pension contributions unpaid 8,912 8,991
Corporation tax control 79,747 66,685
Ordinary dividend provision 128,316 107,138
Accruals and deferred income 4,391 6,513
415,917 343,314

KINGSTON PTM LIMITED (REGISTERED NUMBER: 04307577)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


7. Secured debts

Rent deposit deeds whereby all monies placed on deposit, being Portarlington (UK) Ltd (£3,000) and Penkenna Ltd (£1,500), are secured by way of legal charges dated 14 July 2006 and 23 September 2009 respectively, over all the assets of the company.

8. Deferred tax
£   
Balance at 1 February 2024 (13,654 )
Accelerated capital allowances 970
Pension contribution accrual (623 )
Balance at 31 January 2025 (13,307 )

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
122,259 Ordinary £1 122,259 122,259
2,320 A Ordinary £1 2,320 2,320
124,579 124,579

10. Ultimate controlling party

The company is under the control of the director, Mr G Starmer, by virtue of his majority holding of the share capital of the company.