| Kingfisher Profiles Bending & Fabrication Ltd |
| (formerly Totally Modular Partnerships Limited) |
| Registered number: |
11058795 |
| Balance Sheet |
| as at 31 March 2025 |
| At |
At |
| Notes |
31 March 2025 |
31 May 2024 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
33,333 |
|
|
- |
| Tangible assets |
4 |
|
|
251,465 |
|
|
- |
|
|
|
|
284,798 |
|
|
- |
|
| Current assets |
| Stocks |
|
|
154,093 |
|
|
- |
| Debtors |
5 |
|
417,732 |
|
|
- |
| Cash at bank and in hand |
|
|
177,911 |
|
|
12 |
|
|
|
749,736 |
|
|
12 |
|
| Creditors: amounts falling due within one year |
6 |
|
(786,575) |
|
|
(176) |
|
| Net current liabilities |
|
|
|
(36,839) |
|
|
(164) |
|
| Total assets less current liabilities |
|
|
|
247,959 |
|
|
(164) |
|
| Provisions for liabilities |
|
|
|
(62,868) |
|
|
- |
|
| Net assets/(liabilities) |
|
|
|
185,091 |
|
|
(164) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
10 |
|
|
10 |
| Revaluation reserve |
8 |
|
|
138,589 |
|
|
- |
| Profit and loss account |
|
|
|
46,492 |
|
|
(174) |
|
| Shareholder's funds |
|
|
|
185,091 |
|
|
(164) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| K Price |
| Director |
| Approved by the board on 22 July 2025 |
|
| Kingfisher Profiles Bending & Fabrication Ltd |
| (formerly Totally Modular Partnerships Limited) |
| Notes to the Accounts |
| for the period from 1 June 2024 to 31 March 2025 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention, unless otherwise specified at revaluation within these accounting policies, and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is recognised by reference to sales invoicing and matched by direct costs incurred in proportion to those invoices in order to recognise profits on work that span periods of more than one month on a straight line basis. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Intangible fixed assets are being written off in equal annual instalments over their estimated economic life of 5 years. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at valuation less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the revalued amount, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
20% straight line |
|
Motor vehicles |
25% reducing balance |
|
|
Stocks and work in progress |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
24 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Contracts, IP and Goodwill: |
|
|
Cost |
|
Additions |
40,000 |
|
At 31 March 2025 |
40,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
Provided during the period |
6,667 |
|
At 31 March 2025 |
6,667 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
33,333 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
Plant and machinery |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost / Valuation |
|
Additions |
61,580 |
|
10,000 |
|
71,580 |
|
Surplus on revaluation |
181,000 |
|
17,295 |
|
198,295 |
|
At 31 March 2025 |
242,580 |
|
27,295 |
|
269,875 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the period |
16,135 |
|
2,275 |
|
18,410 |
|
At 31 March 2025 |
16,135 |
|
2,275 |
|
18,410 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
226,445 |
|
25,020 |
|
251,465 |
|
|
|
|
|
|
|
|
|
|
|
Revalued tangible fixed assets: |
2025 |
|
2024 |
| £ |
£ |
|
Historical cost |
71,580 |
|
- |
|
Cumulative depreciation based on historical cost |
4,902 |
|
- |
|
|
|
|
|
|
66,678 |
|
- |
|
On 31 December 2024, the Directors revalued plant and machinery to its open market value of £225,000 and of motor vehicles to £27,295. |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
399,866 |
|
- |
|
Amounts due from associated companies |
|
1 |
|
- |
|
Other debtors |
17,865 |
|
- |
|
|
|
|
|
|
417,732 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
158,848 |
|
- |
|
Amounts owed to associated companies |
|
550,455 |
|
165 |
|
Taxation and social security costs |
58,807 |
|
- |
|
Other creditors |
18,465 |
|
11 |
|
|
|
|
|
|
786,575 |
|
176 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Secured borrowings |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
|
Secured borrowings |
550,455 |
|
- |
|
|
|
|
|
|
|
|
|
|
Amounts recorded within current liabilities owing to associated companies at the year end are secured by a fixed and floating charge debenture in favour of the lender. There was no such facility in place at the prior balance sheet date. |
|
|
| 8 |
Revaluation reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
Gain on revaluation of tangible fixed assets |
198,295 |
|
- |
|
Deferred taxation arising on the revaluation of tangible fixed assets |
(46,198) |
|
- |
|
Depreciation transfer on revaluation surplus |
(13,508) |
|
- |
|
|
At 31 March 2025 |
138,589 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 9 |
Pension commitments |
|
|
The company has no pension commitments other than to settle monthly payroll pension contributions, normally payable in the subsequent month. |
|
|
| 10 |
Controlling party |
|
|
The company is under the control of Kingfisher Industrial Group Limited (formerly named Kingfisher Industrial Holdings Limited) which owns all of the issued shares. As the group qualifies as small, no consolidated accounts are drawn up. |
|
|
| 11 |
Other information |
|
|
Kingfisher Profiles Bending & Fabrication Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Units 2 & 3 The Sealine Works |
|
Whitehouse Road |
|
Kidderminster |
|
Worcestershire |
|
DY10 1HT |