Company Registration No. 05220736 (England and Wales)
CITY KING LTD
Unaudited accounts
for the year ended 29 September 2024
CITY KING LTD
Unaudited accounts
Contents
CITY KING LTD
Company Information
for the year ended 29 September 2024
Directors
Nicholas Donnelly
Trudy Donnelly
Company Number
05220736 (England and Wales)
Registered Office
39 CHELMER WAY
ELY
CAMBRIDGESHIRE
CB6 2WS
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
CITY KING LTD
Statement of financial position
as at 29 September 2024
Cash at bank and in hand
322
30
Creditors: amounts falling due within one year
(15,478)
(12,255)
Net current liabilities
(15,156)
(12,225)
Net liabilities
(13,231)
(11,401)
Called up share capital
100
100
Profit and loss account
(13,331)
(11,501)
Shareholders' funds
(13,231)
(11,401)
For the year ending 29 September 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2025 and were signed on its behalf by
Nicholas Donnelly
Director
Company Registration No. 05220736
CITY KING LTD
Notes to the Accounts
for the year ended 29 September 2024
CITY KING LTD is a private company, limited by shares, registered in England and Wales, registration number 05220736. The registered office is 39 CHELMER WAY, ELY, CAMBRIDGESHIRE, CB6 2WS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Expenditure on research and development is written off in the year in which it is incurred.
CITY KING LTD
Notes to the Accounts
for the year ended 29 September 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 30 September 2023
7,514
-
7,514
At 29 September 2024
7,514
1,742
9,256
At 30 September 2023
6,690
-
6,690
Charge for the year
206
435
641
At 29 September 2024
6,896
435
7,331
At 29 September 2024
618
1,307
1,925
At 29 September 2023
824
-
824
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8
8
Taxes and social security
123
123
Loans from directors
14,988
11,633
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).