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REGISTERED NUMBER: 07640802 (England and Wales)


















KINGSMEAD CONVERSIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025






KINGSMEAD CONVERSIONS LIMITED (REGISTERED NUMBER: 07640802)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KINGSMEAD CONVERSIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2025







DIRECTORS: A Kunder
Mrs N Kunder





REGISTERED OFFICE: Sovereign House
15 Towcester Road
Old Stratford
Milton Keynes
MK19 6AN





REGISTERED NUMBER: 07640802 (England and Wales)





ACCOUNTANTS: Thompson Balch Limited
Chartered Accountants
Sovereign House
15 Towcester Road
Old Stratford
Milton Keynes
MK19 6AN

KINGSMEAD CONVERSIONS LIMITED (REGISTERED NUMBER: 07640802)

BALANCE SHEET
31 MAY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 101,559 130,419

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 926,675 839,741
Cash at bank 370,503 419,757
1,298,178 1,260,498
CREDITORS
Amounts falling due within one year 6 463,076 432,384
NET CURRENT ASSETS 835,102 828,114
TOTAL ASSETS LESS CURRENT
LIABILITIES

936,661

958,533

CREDITORS
Amounts falling due after more than one
year

7

(99,397

)

(134,520

)

PROVISIONS FOR LIABILITIES (25,432 ) (32,605 )
NET ASSETS 811,832 791,408

CAPITAL AND RESERVES
Called up, fully paid share capital 2 2
Retained earnings 811,830 791,406
SHAREHOLDERS' FUNDS 811,832 791,408

KINGSMEAD CONVERSIONS LIMITED (REGISTERED NUMBER: 07640802)

BALANCE SHEET - continued
31 MAY 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2025 and were signed on its behalf by:





A Kunder - Director


KINGSMEAD CONVERSIONS LIMITED (REGISTERED NUMBER: 07640802)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025


1. STATUTORY INFORMATION

Kingsmead Conversions 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Computer equipment - 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 Statement of Income and Retained Earnings, 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.

KINGSMEAD CONVERSIONS LIMITED (REGISTERED NUMBER: 07640802)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2025


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2024 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2024 1,065 227,939 3,842 232,846
Additions - 4,995 - 4,995
At 31 May 2025 1,065 232,934 3,842 237,841
DEPRECIATION
At 1 June 2024 266 99,040 3,121 102,427
Charge for year 199 33,476 180 33,855
At 31 May 2025 465 132,516 3,301 136,282
NET BOOK VALUE
At 31 May 2025 600 100,418 541 101,559
At 31 May 2024 799 128,899 721 130,419

KINGSMEAD CONVERSIONS LIMITED (REGISTERED NUMBER: 07640802)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2025


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2024
and 31 May 2025 215,609
DEPRECIATION
At 1 June 2024 90,852
Charge for year 31,191
At 31 May 2025 122,043
NET BOOK VALUE
At 31 May 2025 93,566
At 31 May 2024 124,757

5. DEBTORS
2025 2024
£    £   
Amounts falling due within one year:
Trade debtors 50,903 58,971
Other debtors 13,802 14,300
64,705 73,271

Amounts falling due after more than one year:
Other debtors 861,970 766,470

Aggregate amounts 926,675 839,741

Included within other debtors due after one year is a loan to Kunder Properties Limited, a connected company with the same shareholder and director. The amount due at the year end was £861,970 (2024: £766,470).

Included within other debtors due after one year is a loan to Kingsmead Building Services Ltd, a connected company with the same shareholder and director. The amount due at the year end was £6,504 (2024: £6,504).

KINGSMEAD CONVERSIONS LIMITED (REGISTERED NUMBER: 07640802)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2025


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,786 10,786
Hire purchase contracts 26,132 23,712
Trade creditors 195,581 167,176
Taxation and social security 129,471 133,261
Other creditors 101,106 97,449
463,076 432,384

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 1,908 11,564
Hire purchase contracts 97,489 122,956
99,397 134,520

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts 123,621 146,668