Company registration number 1110398 (England and Wales)
KINGS AND STEVENS LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
KINGS AND STEVENS LIMITED
CONTENTS
Page
Directors' report
1
Balance sheet
3 - 4
Notes to the financial statements
5 - 9
KINGS AND STEVENS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -

The directors present their annual report and financial statements for the year ended 31 December 2024.

Principal activities
Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mrs S J King
Mr D King
Mr K D King
Mrs L King
Mrs J D Medhurst
On behalf of the board
Mr K D King
Director
23 May 2025
KINGS AND STEVENS LIMITED
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF KINGS AND STEVENS LIMITED
- 2 -

These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 December 2024.

We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.

On the balance sheet, you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a true and fair view.

You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.

The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.

Xeinadin South East Limited
12 Conqueror Court
Sittingbourne
Kent
ME10 5BH
United Kingdom
23 May 2025
KINGS AND STEVENS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 3 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
5
375,224
392,465
Current assets
Stocks
6
33,638
37,493
Debtors
7
20,356
11,696
Cash at bank and in hand
156,165
186,667
210,159
235,856
Creditors: amounts falling due within one year
8
(90,392)
(130,558)
Net current assets
119,767
105,298
Total assets less current liabilities
494,991
497,763
Creditors: amounts falling due after more than one year
9
-
(7,167)
Provisions for liabilities
Deferred tax liability
11
37,782
41,042
(37,782)
(41,042)
Net assets
457,209
449,554
Capital and reserves
Called up share capital
12
104
104
Revaluation reserve
83,381
83,381
Profit and loss reserves
13
373,724
366,069
Total equity
457,209
449,554
KINGS AND STEVENS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 4 -

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 23 May 2025 and are signed on its behalf by:
Mr K D King
Director
Company registration number 1110398 (England and Wales)
KINGS AND STEVENS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
1
Accounting policies
Company information

Kings And Stevens Limited is a private company limited by shares incorporated in England and Wales. The registered office is Cowfold Road, West Grinstead, West Sussex, England, RH13 8LY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
No depreciatoin charged in the year
Plant and equipment
20% on reducing balance
Office equipment
20% on reducing balance
Small plant
33% on cost
Motor vehicles
25% on reducing balance
1.3
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

KINGS AND STEVENS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 6 -
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 liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons 8 employed by the company during the year was:

2024
2023
Number
Number
8
9
3
Directors' remuneration
2024
2023
£
£
Remuneration for qualifying services
77,779
82,208
Company pension contributions to defined contribution schemes
2,839
1,677
80,618
83,885
4
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
9,726
7,952
KINGS AND STEVENS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
4
Taxation
2024
2023
£
£
(Continued)
- 7 -
Deferred tax
Origination and reversal of timing differences
(3,259)
2,552
Total tax charge
6,467
10,504
5
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Office equipment
Small plant
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 January 2024
175,000
364,622
3,415
84,167
69,892
697,096
Additions
-
0
24,445
638
17,872
16,995
59,950
Disposals
-
0
(14,083)
-
0
(4,679)
(16,208)
(34,970)
At 31 December 2024
175,000
374,983
4,054
97,360
70,679
722,076
Depreciation and impairment
At 1 January 2024
-
0
204,920
2,345
52,985
44,381
304,631
Depreciation charged in the year
-
0
36,348
342
22,026
9,858
68,574
Eliminated in respect of disposals
-
0
(11,676)
-
0
(1,544)
(13,133)
(26,353)
At 31 December 2024
-
0
229,591
2,688
73,467
41,106
346,852
Carrying amount
At 31 December 2024
175,000
145,392
1,366
23,893
29,573
375,224
At 31 December 2023
175,000
159,702
1,070
31,182
25,511
392,465
6
Stocks
2024
2023
£
£
Finished goods and goods for resale
33,638
37,493
KINGS AND STEVENS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
7
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
12,925
4,203
Amounts owed by undertakings in which the company has a participating interest
13
13
Other debtors
1,143
-
0
Prepayments and accrued income
6,275
7,480
20,356
11,696
8
Creditors: amounts falling due within one year
2024
2023
Notes
£
£
Bank loans
10
7,167
17,900
Trade creditors
44,548
80,956
Corporation tax
9,726
7,952
Other taxation and social security
17,051
11,688
Other creditors
717
635
Accruals and deferred income
11,183
11,427
90,392
130,558
9
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loans and overdrafts
10
-
0
7,167
10
Loans and overdrafts
2024
2023
£
£
Bank loans
7,167
25,067
Payable within one year
7,167
17,900
Payable after one year
-
0
7,167
KINGS AND STEVENS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 9 -
11
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2024
2023
Balances:
£
£
Accelerated capital allowances
37,782
41,042
2024
Movements in the year:
£
Liability at 1 January 2024
41,042
Credit to profit or loss
(3,260)
Liability at 31 December 2024
37,782

The deferred tax liability set out above is expected to reverse within [12 months] and relates to accelerated capital allowances that are expected to mature within the same period.

12
Share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
104 of 0p each
104
104
104
104
13
Profit and loss reserves
2024
2023
£
£
At the beginning of the year
366,069
353,962
Adjusted balance
366,069
353,962
Profit for the year
37,155
41,607
Dividends declared and paid in the year
(29,500)
(29,500)
At the end of the year
373,724
366,069
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