17 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 173,358 14,303 187,661 155,385 155,385 17,973 732,691 732,691 xbrli:pure xbrli:shares iso4217:GBP 01573082 2023-10-01 2025-03-31 01573082 2025-03-31 01573082 2023-09-30 01573082 2022-10-01 2023-09-30 01573082 2023-09-30 01573082 2022-09-30 01573082 bus:OrdinaryShareClass1 2023-10-01 2025-03-31 01573082 bus:Director5 2023-10-01 2025-03-31 01573082 core:PlantMachinery 2023-09-30 01573082 core:PlantMachinery 2023-10-01 2025-03-31 01573082 core:WithinOneYear 2025-03-31 01573082 core:WithinOneYear 2023-09-30 01573082 core:ShareCapital 2025-03-31 01573082 core:ShareCapital 2023-09-30 01573082 core:RetainedEarningsAccumulatedLosses 2025-03-31 01573082 core:RetainedEarningsAccumulatedLosses 2023-09-30 01573082 core:CostValuation core:Non-currentFinancialInstruments 2025-03-31 01573082 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2025-03-31 01573082 core:PlantMachinery 2023-09-30 01573082 bus:SmallEntities 2023-10-01 2025-03-31 01573082 bus:AuditExemptWithAccountantsReport 2023-10-01 2025-03-31 01573082 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2025-03-31 01573082 bus:PrivateLimitedCompanyLtd 2023-10-01 2025-03-31 01573082 bus:FullAccounts 2023-10-01 2025-03-31 01573082 bus:OrdinaryShareClass1 2025-03-31 01573082 bus:OrdinaryShareClass1 2023-09-30 01573082 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-01 2025-03-31
COMPANY REGISTRATION NUMBER: 01573082
M. R. King & Sons Limited
Unaudited financial statements
31 March 2025
M. R. King & Sons Limited
Statement of financial position
31 March 2025
31 Mar 25
30 Sep 23
Note
£
£
£
Fixed assets
Tangible assets
5
17,973
Current assets
Stocks
112,749
566,259
Debtors
7
31,442
206,995
Cash at bank and in hand
215,997
319,360
---------
-----------
360,188
1,092,614
Creditors: Amounts falling due within one year
8
( 644,406)
( 588,475)
---------
-----------
Net current (liabilities)/assets
( 284,218)
504,139
---------
---------
Total assets less current liabilities
( 284,218)
522,112
---------
---------
Net (liabilities)/assets
( 284,218)
522,112
---------
---------
Capital and reserves
Called up share capital
10
45,000
45,000
Profit and loss account
( 329,218)
477,112
---------
---------
Shareholders (deficit)/funds
( 284,218)
522,112
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 17 July 2025 , and are signed on behalf of the board by:
Mr J King
Director
Company registration number: 01573082
M. R. King & Sons Limited
Notes to the financial statements
Period from 1 October 2023 to 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of both the registered office and the trading address is The Wherry, Quay Street, Halesworth, Suffolk, IP19 8ET.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The company ceased trade on 31 March 2025 and so the accounts have been prepared on a break up basis.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Exceptional items
Exceptional items are disclosed separately in the financial statements in order to provide further understanding of the financial performance of the entity. They are material items of income or expense that have been shown separately because of their nature or amount.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
Property 1-2%, Improvements 20% Straight Line
Plant & machinery
-
15% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of employees during the period was 17 (2023: 19 ).
5. Tangible assets
Plant and machinery
£
Cost
At 1 October 2023
173,358
Additions
14,303
Disposals
( 187,661)
---------
At 31 March 2025
---------
Depreciation
At 1 October 2023
155,385
Disposals
( 155,385)
---------
At 31 March 2025
---------
Carrying amount
At 31 March 2025
---------
At 30 September 2023
17,973
---------
6. Investments
Shares in group undertakings
£
Cost
At 1 October 2023 and 31 March 2025
732,691
---------
Impairment
At 1 October 2023 and 31 March 2025
732,691
---------
Carrying amount
At 31 March 2025
---------
At 30 September 2023
---------
7. Debtors
31 Mar 25
30 Sep 23
£
£
Trade debtors
30,442
47,907
Amounts owed by group undertakings and undertakings in which the company has a participating interest
142,000
Other debtors
1,000
17,088
-------
---------
31,442
206,995
-------
---------
8. Creditors: Amounts falling due within one year
31 Mar 25
30 Sep 23
£
£
Trade creditors
64,569
163,875
Amounts owed to group undertakings and undertakings in which the company has a participating interest
1,171
65,495
Social security and other taxes
53,353
19,573
Other creditors
525,313
339,532
---------
---------
644,406
588,475
---------
---------
9. Reserves
Included in profit and loss reserves is £nil (2022 : £341,966) related to undistributable reserves.
10. Called up share capital
Authorised share capital
31 Mar 25
30 Sep 23
No.
£
No.
£
Ordinary shares of £ 1 each
50,000
50,000
50,000
50,000
-------
-------
-------
-------
Issued, called up and fully paid
31 Mar 25
30 Sep 23
No.
£
No.
£
Ordinary shares of £ 1 each
45,000
45,000
45,000
45,000
-------
-------
-------
-------
11. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
31 Mar 25
30 Sep 23
£
£
Not later than 1 year
700
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----