REGISTERED NUMBER: 09411672 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Kingpin Electrical Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D STOTT

REGISTERED OFFICE:

Unit 6 Stanshawes Court

Yate

Bristol

BS37 4DZ

REGISTERED NUMBER:

09411672 (England and Wales)

ACCOUNTANTS:

Dolman's Chartered Accountants

The Mews

Hounds Road

Chipping Sodbury

Bristol

BS37 6EE

FIXED ASSETS

Tangible assets

4

18,012

7,590

CURRENT ASSETS

Debtors

5

46,046

34,594

Cash at bank

25,487

41,532

71,533

76,126

CREDITORS

Amounts falling due within one year

6

46,817

48,031

NET CURRENT ASSETS

24,716

28,095

TOTAL ASSETS LESS CURRENT LIABILITIES

42,728

35,685

CREDITORS

Amounts falling due after more than one year

7

(23,148

)

(28,704

)

PROVISIONS FOR LIABILITIES

(3,422

)

(1,442

)

NET ASSETS

16,158

5,539

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

16,156

5,537

SHAREHOLDERS' FUNDS

16,158

5,539

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

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

The director acknowledges his 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 12 September 2025 and were signed by:

D STOTT - Director

1.	STATUTORY INFORMATION

Kingpin Electrical 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.

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 equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

1,680

20,194

2,339

24,213

Additions

3,260

13,155

233

16,648

Disposals

-

(2,210

)

-

(2,210

)

At 31 March 2025

4,940

31,139

2,572

38,651

DEPRECIATION

At 1 April 2024

1,353

13,930

1,340

16,623

Charge for year

897

4,800

308

6,005

Eliminated on disposal

-

(1,989

)

-

(1,989

)

At 31 March 2025

2,250

16,741

1,648

20,639

NET BOOK VALUE

At 31 March 2025

2,690

14,398

924

18,012

At 31 March 2024

327

6,264

999

7,590

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

40,630

32,780

Amounts recoverable on contract

337

337

Other debtors

5,079

1,477

46,046

34,594

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,556

5,556

Trade creditors

19,583

19,686

Taxation and social security

12,846

17,872

Other creditors

8,832

4,917

46,817

48,031

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

23,148

28,704

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

926

6,482

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

2,370

2,250

9.	OTHER FINANCIAL COMMITMENTS

Interest is payable on the bank loan at a rate of 2.5% per year for 9 years from June 2021.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

D STOTT

Balance outstanding at start of year

(1,617

)

(1,205

)

Amounts repaid

(300

)

(412

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,917

)

(1,617

)