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REGISTERED NUMBER: 09142325 (England and Wales)




















Report of the Director and

Unaudited Financial Statements

for the Year Ended 30 September 2024

for

KINGSNORTH ENGINEERING LIMITED

KINGSNORTH ENGINEERING LIMITED (REGISTERED NUMBER: 09142325)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Report of the Director 2

Statement of Comprehensive Income 3

Balance Sheet 4

Notes to the Financial Statements 6


KINGSNORTH ENGINEERING LIMITED

Company Information
for the Year Ended 30 September 2024







DIRECTOR: J Kingsnorth





REGISTERED OFFICE: 19 North Street
Ashford
Kent
TN24 8LF





REGISTERED NUMBER: 09142325 (England and Wales)





ACCOUNTANTS: Calcutt Matthews WBZ Ltd
19 North Street
Ashford
Kent
TN24 8LF

KINGSNORTH ENGINEERING LIMITED (REGISTERED NUMBER: 09142325)

Report of the Director
for the Year Ended 30 September 2024


The director presents his report with the financial statements of the company for the year ended 30 September 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of Engineering.

DIRECTOR
J Kingsnorth held office during the whole of the period from 1 October 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





J Kingsnorth - Director


4 February 2025

KINGSNORTH ENGINEERING LIMITED (REGISTERED NUMBER: 09142325)

Statement of Comprehensive Income
for the Year Ended 30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   

TURNOVER 633,004 580,125

Cost of sales 135,361 152,308
GROSS PROFIT 497,643 427,817

Distribution costs - 23,000
Administrative expenses 339,203 321,404
339,203 344,404
158,440 83,413

Interest receivable and similar income - 28,996
158,440 112,409

Interest payable and similar expenses 60,866 10,999
PROFIT BEFORE TAXATION 4 97,574 101,410

Tax on profit 5 28,935 39,786
PROFIT FOR THE FINANCIAL YEAR 68,639 61,624

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE
YEAR

68,639

61,624

KINGSNORTH ENGINEERING LIMITED (REGISTERED NUMBER: 09142325)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 252,121 279,147
Investment property 8 5,800 5,800
257,921 284,947

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 9 136,864 106,775
Cash at bank 83,583 82,523
221,947 190,798
CREDITORS
Amounts falling due within one year 10 160,114 212,630
NET CURRENT ASSETS/(LIABILITIES) 61,833 (21,832 )
TOTAL ASSETS LESS CURRENT LIABILITIES 319,754 263,115

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 319,654 263,015
SHAREHOLDERS' FUNDS 319,754 263,115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KINGSNORTH ENGINEERING LIMITED (REGISTERED NUMBER: 09142325)

Balance Sheet - continued
30 September 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 4 February 2025 and were signed by:





J Kingsnorth - Director


KINGSNORTH ENGINEERING LIMITED (REGISTERED NUMBER: 09142325)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Kingsnorth Engineering 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 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.
Plant and machinery - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

KINGSNORTH ENGINEERING LIMITED (REGISTERED NUMBER: 09142325)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. PROFIT BEFORE TAXATION

The profit is stated after charging:

30.9.24 30.9.23
£    £   
Depreciation - owned assets 29,024 35,841

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
30.9.24 30.9.23
£    £   
Current tax:
UK corporation tax 28,935 39,786
Tax on profit 28,935 39,786

6. DIVIDENDS
30.9.24 30.9.23
£    £   
Ordinary shares of £1 each
Final 12,000 40,000

KINGSNORTH ENGINEERING LIMITED (REGISTERED NUMBER: 09142325)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


7. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 462,369 283 11,848 8,116 482,616
Additions - - - 1,998 1,998
At 30 September 2024 462,369 283 11,848 10,114 484,614
DEPRECIATION
At 1 October 2023 188,185 124 10,453 4,707 203,469
Charge for year 27,418 39 349 1,218 29,024
At 30 September 2024 215,603 163 10,802 5,925 232,493
NET BOOK VALUE
At 30 September 2024 246,766 120 1,046 4,189 252,121
At 30 September 2023 274,184 159 1,395 3,409 279,147

8. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 5,800
NET BOOK VALUE
At 30 September 2024 5,800
At 30 September 2023 5,800

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 136,864 97,241
Other debtors - 9,534
136,864 106,775

KINGSNORTH ENGINEERING LIMITED (REGISTERED NUMBER: 09142325)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 11,108 36,442
Hire purchase contracts - 17,080
Trade creditors 50,919 39,666
Taxation and social security 78,741 80,118
Other creditors 19,346 39,324
160,114 212,630

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained
earnings
£   

At 1 October 2023 263,015
Profit for the year 68,639
Dividends (12,000 )
At 30 September 2024 319,654