REGISTERED NUMBER: 05655999 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Kingswood EC Signature Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs N J Lickley

R J Lickley

Miss I T Lickley

SECRETARY:

R J Lickley

REGISTERED OFFICE:

County Lane

Albrighton

Wolverhampton

West Midlands

WV7 3AH

REGISTERED NUMBER:

05655999 (England and Wales)

ACCOUNTANTS:

Tranter Lowe (Oakengates) Limited

Chartered Accountants

International House

6 Market Street

Oakengates

Telford

Shropshire

TF2 6EF

FIXED ASSETS

Tangible assets

4

1,133,161

1,159,204

CURRENT ASSETS

Stocks

48,535

40,425

Debtors

5

22,071

11,717

Cash at bank and in hand

9,751

12,692

80,357

64,834

CREDITORS

Amounts falling due within one year

6

64,010

62,477

NET CURRENT ASSETS

16,347

2,357

TOTAL ASSETS LESS CURRENT LIABILITIES

1,149,508

1,161,561

CREDITORS

Amounts falling due after more than one year

7

1,622,902

1,636,249

NET LIABILITIES

(473,394

)

(474,688

)

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

(473,396

)

(474,690

)

SHAREHOLDERS' FUNDS

(473,394

)

(474,688

)

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 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 30 September 2025 and were signed on its behalf by:

R J Lickley - Director

1.	STATUTORY INFORMATION

Kingswood EC Signature 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.

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.

At 31st December 2024 the Company's total liabilities exceed total assets by £473,394 (2023 £474,688). Included in these liabilities is a loan from the directors amounting to £1,207,031. The directors have confirmed that they will continue to support the operations of the Company for the forseeable future.

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.

Long leasehold

-

not provided

Equipment

-

15% on reducing balance

Shop and office equipment

-

15% on reducing balance

Motor vehicles

-

at varying rates

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.

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 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Shop and

Long

office

leasehold

Equipment

equipment

£

£

£

COST

At 1 January 2024

428,925

218,113

51,245

Additions

-

569

3,572

At 31 December 2024

428,925

218,682

54,817

DEPRECIATION

At 1 January 2024

-

117,991

18,393

Charge for year

-

15,058

5,225

At 31 December 2024

-

133,049

23,618

NET BOOK VALUE

At 31 December 2024

428,925

85,633

31,199

At 31 December 2023

428,925

100,122

32,852

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

607,454

26,763

1,332,500

Additions

-

1,408

5,549

At 31 December 2024

607,454

28,171

1,338,049

DEPRECIATION

At 1 January 2024

16,110

20,802

173,296

Charge for year

9,750

1,559

31,592

At 31 December 2024

25,860

22,361

204,888

NET BOOK VALUE

At 31 December 2024

581,594

5,810

1,133,161

At 31 December 2023

591,344

5,961

1,159,204

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

605,110

DEPRECIATION

At 1 January 2024

16,110

Charge for year

9,750

At 31 December 2024

25,860

NET BOOK VALUE

At 31 December 2024

579,250

At 31 December 2023

589,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

4,422

2,106

Other debtors

17,649

9,149

VAT

-

462

22,071

11,717

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

9

-

Hire purchase contracts

26,041

26,041

Trade creditors

35,194

33,984

Social security and other taxes

341

677

VAT

570

-

Accrued expenses

1,855

1,775

64,010

62,477

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

415,871

441,912

Directors' loan accounts

1,207,031

1,194,337

1,622,902

1,636,249

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1

A Ordinary shares

£1

1

1

1

B Ordinary shares

£1

1

1

2

2