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Company Registration No. 03692422 (England and Wales)
Kensington International Marketing Company Limited Unaudited accounts for the year ended 31 December 2024
Kensington International Marketing Company Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Kensington International Marketing Company Limited Company Information for the year ended 31 December 2024
Directors
P Scott S Scott C Newman
Company Number
03692422 (England and Wales)
Registered Office
19 Freeland Park Lytchett Matravers Poole Dorset BH16 6FH
Accountants
Ashby & Company Flat 5 2 Courts Hill Road Haslemere Surrey GU27 2EG
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Kensington International Marketing Company Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3
9,642 
11,636 
Investments
4
49 
49 
9,691 
11,685 
Current assets
Inventories
193,710 
44,680 
Debtors
5
1,149,279 
1,311,346 
Cash at bank and in hand
557,941 
1,044,699 
1,900,930 
2,400,725 
Creditors: amounts falling due within one year
6
(874,546)
(1,278,560)
Net current assets
1,026,384 
1,122,165 
Total assets less current liabilities
1,036,075 
1,133,850 
Provisions for liabilities
Deferred tax
(2,411)
(2,909)
Net assets
1,033,664 
1,130,941 
Capital and reserves
Called up share capital
7
1,369 
1,369 
Capital redemption reserve
2 
2 
Profit and loss account
1,032,293 
1,129,570 
Shareholders' funds
1,033,664 
1,130,941 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by
C Newman Director Company Registration No. 03692422
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Kensington International Marketing Company Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Kensington International Marketing Company Limited is a private company, limited by shares, registered in England and Wales, registration number 03692422. The registered office is 19 Freeland Park, Lytchett Matravers, Poole, Dorset, BH16 6FH.
2
Accounting policies
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 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for the sale of household products and provision of consultancy services in the normal course of business. Turnover is shown net of VAT, returns, rebates and trade discounts.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Tangible fixed assets and depreciation
Tangible assets are included at cost or valuation less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets, excluding land, over their estimated useful lives:
Land & buildings
2% on valuation or cost
Motor vehicles
25% reducing balance
Fixtures & fittings
15% straight line
Computer equipment
25% straight line
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax. Current tax The tax currently payable or repayable is based on taxable profit or loss for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date. Deferred tax Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on material timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Kensington International Marketing Company Limited Notes to the Accounts for the year ended 31 December 2024
Stock
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Financial instruments
Basic financial instruments are recognised at amortised cost.
Leases
Leases in which substantially all of the benefits and risks of ownership remain with the lessor are classified as operating leases and are charged against profit on a straight line basis over the lease term. Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. The company holds no finance leases or hire purchase contracts.
Equity Instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transactions costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds net of transactions costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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Kensington International Marketing Company Limited Notes to the Accounts for the year ended 31 December 2024
3
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
1,105 
31,091 
32,196 
Additions
730 
2,331 
3,061 
Disposals
- 
(3,797)
(3,797)
At 31 December 2024
1,835 
29,625 
31,460 
Depreciation
At 1 January 2024
210 
20,350 
20,560 
Charge for the year
275 
4,171 
4,446 
On disposals
68 
(3,256)
(3,188)
At 31 December 2024
553 
21,265 
21,818 
Net book value
At 31 December 2024
1,282 
8,360 
9,642 
At 31 December 2023
895 
10,741 
11,636 
4
Investments
Other investments 
£ 
Valuation at 1 January 2024
49 
Valuation at 31 December 2024
49 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
700,212 
844,896 
Accrued income and prepayments
76,469 
56,739 
Other debtors
372,598 
409,711 
1,149,279 
1,311,346 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
601,221 
930,860 
Taxes and social security
4,991 
3,534 
Other creditors
268,334 
344,166 
874,546 
1,278,560 
- 7 -
Kensington International Marketing Company Limited Notes to the Accounts for the year ended 31 December 2024
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
171 Ordinary shares of £1 each
171.00 
171.00 
198 Ordinary B shares of £1 each
198.00 
198.00 
6,005 Ordinary C shares of £0.10 each
600.50 
600.50 
2,000 Ordinary D shares of £0.10 each
200.00 
200.00 
1,995 Ordinary E shares of £0.10 each
199.50 
199.50 
1,369.00 
1,369.00 
8
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 December 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
16,500 
16,500 
Later than one year and not later than five years
- 
8,250 
16,500 
24,750 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
C Newman
Loan
3,500 
3,303 
- 
6,803 
3,500 
3,303 
- 
6,803 
The loan to the director is unsecured, interest free and repayable on demand.
10
Transactions with related parties
The company continued to give an unlimited multilateral guarantee in favour of its bankers in respect of a related party. At 31 December 2024 the total bank debt of the related party was £ nil (2023: £ nil). Amounts owed by related parties Entities under common control At 31 December 2024 the total amount owed by entities under common control was £ 219,883 (2023: £ 222,161). Interest of £ 3,100 (2023: £ 3,100) was charged on these loans. The amounts due are unsecured and repayable on demand. Entities in which the company has a participating interest At 31 December 2024 the total amount owed by entities in which the company has a participating interest was £ 31,398 (2023: £ 47,098). The amounts due are unsecured, interest free and repayable on demand. Amounts owed to related parties Entities under common control At 31 December 2024 the total amount owed by entities under common control was £ 76,609 (2023: £ nil).
- 8 -
Kensington International Marketing Company Limited Notes to the Accounts for the year ended 31 December 2024
11
Average number of employees
During the year the average number of employees was 8 (2023: 10).
- 9 -