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REGISTERED NUMBER: 00620685 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Kingswinford Engineering Company Limited

Kingswinford Engineering Company Limited (Registered number: 00620685)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Kingswinford Engineering Company Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Mrs J S Smith





SECRETARY: Mrs J S Smith





REGISTERED OFFICE: Shaw Road
Dudley
West Midlands
DY2 8TS





REGISTERED NUMBER: 00620685 (England and Wales)





ACCOUNTANTS: Pride Accountants
Polymer Court
Hope Street
Dudley
West Midlands
DY2 8RS

Kingswinford Engineering Company Limited (Registered number: 00620685)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,977 1,074

CURRENT ASSETS
Stocks 29,083 38,427
Debtors 5 102,204 168,296
Cash at bank and in hand 15,404 28,397
146,691 235,120
CREDITORS
Amounts falling due within one year 6 108,018 153,828
NET CURRENT ASSETS 38,673 81,292
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,650

82,366

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 43,650 81,366
SHAREHOLDERS' FUNDS 44,650 82,366

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 her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 June 2025 and were signed by:



Mrs J S Smith - Director


Kingswinford Engineering Company Limited (Registered number: 00620685)

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

1. STATUTORY INFORMATION

Kingswinford Engineering Company 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.

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 - 25% on reducing balance
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Kingswinford Engineering Company Limited (Registered number: 00620685)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023 - 13,298 9,499 22,797
Additions 6,936 - - 6,936
At 30 September 2024 6,936 13,298 9,499 29,733
DEPRECIATION
At 1 October 2023 - 12,936 8,787 21,723
Charge for year 1,734 121 178 2,033
At 30 September 2024 1,734 13,057 8,965 23,756
NET BOOK VALUE
At 30 September 2024 5,202 241 534 5,977
At 30 September 2023 - 362 712 1,074

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 84,473 152,372
Other debtors 17,731 15,924
102,204 168,296

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 73,288 108,402
Taxation and social security 13,560 33,966
Other creditors 21,170 11,460
108,018 153,828

Kingswinford Engineering Company Limited (Registered number: 00620685)

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

7. SECURED DEBTS

Halsmith Limited hold a debenture over the undertaking dated 1 October 2012.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. RELATED PARTY DISCLOSURES

Creditors (including non interest bearing loans) as at 30th September 2024 include due to its ultimate parent company, Halsmith Limited £23,737 (2023 - £45,910).

10. ULTIMATE CONTROLLING PARTY

The company is under the control of its ultimate parent company, Halsmith Limited.