REGISTERED NUMBER: 07872664 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Kingswood Vans Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A S Stanton

Mrs N D Stanton

REGISTERED OFFICE:

1C Amberside

Wood Lane

Hemel Hempstead

Hertfordshire

HP2 4TP

REGISTERED NUMBER:

07872664 (England and Wales)

ACCOUNTANTS:

Farrell & Co

1C Amberside

Wood Lane

Hemel Hempstead

Hertfordshire

HP2 4TP

FIXED ASSETS

Tangible assets

5

8,936

8,714

CURRENT ASSETS

Stocks

6

56,300

126,400

Debtors

7

-

21,000

Cash at bank

75,868

18,260

132,168

165,660

CREDITORS

Amounts falling due within one year

8

130,080

143,578

NET CURRENT ASSETS

2,088

22,082

TOTAL ASSETS LESS CURRENT LIABILITIES

11,024

30,796

CREDITORS

Amounts falling due after more than one year

9

(11,362

)

(19,362

)

PROVISIONS FOR LIABILITIES

(1,697

)

(1,655

)

NET (LIABILITIES)/ASSETS

(2,035

)

9,779

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

10

(2,136

)

9,678

SHAREHOLDERS' FUNDS

(2,035

)

9,779

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

Mr A S Stanton - Director

1.	STATUTORY INFORMATION

Kingswood Vans Ltd 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 presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

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 Income Statement, 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

12,367

8,303

745

21,415

Additions

3,200

-

-

3,200

At 31 December 2024

15,567

8,303

745

24,615

DEPRECIATION

At 1 January 2024

7,149

4,904

648

12,701

Charge for year

2,105

849

24

2,978

At 31 December 2024

9,254

5,753

672

15,679

NET BOOK VALUE

At 31 December 2024

6,313

2,550

73

8,936

At 31 December 2023

5,218

3,399

97

8,714

6.

STOCKS

31.12.24

31.12.23

£

£

Stocks

56,300

126,400

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

-

21,000

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

-

360

Amounts owed to associates

12,500

17,500

Taxation and social security

5,576

332

Other creditors

112,004

125,386

130,080

143,578

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

11,362

19,362

10.

RESERVES

Retained

earnings

£

At 1 January 2024

9,678

Deficit for the year

(11,814

)

At 31 December 2024

(2,136

)