Registration number: 08435549

Kingstone Products Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Kingstone Products Limited

Balance Sheet

as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	551,356	598,862
Investments	5	110,060	110,060
		661,416	708,922
Current assets
Stocks		185,619	166,659
Debtors	6	725,031	689,411
Cash at bank and in hand		1,129,588	1,260,267
		2,040,238	2,116,337
Creditors: Amounts falling due within one year	7	(946,051)	(728,834)
Net current assets		1,094,187	1,387,503
Total assets less current liabilities		1,755,603	2,096,425
Provisions for liabilities		(9,878)	(18,347)
Net assets		1,745,725	2,078,078
Capital and reserves
Allotted, called up and fully paid share capital		360	360
Profit and loss account		1,745,365	2,077,718
Shareholders' funds		1,745,725	2,078,078

Registration number: 08435549

Kingstone Products Limited

Balance Sheet

as at 31 March 2025 (continued)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 9 October 2025 and signed on its behalf by:
 

......................................... Mr E B McMullan Director

Kingstone Products Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 March 2025

1	General information

The company is a private company limited by shares incorporated in England within the United Kingdom.

The company's registration number is 08435549.

The address of its registered office is:
Hargrave House
50 Bunyan Road
Kempston
Bedford
Bedfordshire
MK42 8HL

The principal place of business is:
Unit 154
Langar Industrial Estate
Harby Road
Nottingham
Nottinghamshire
NG13 9HY

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Kingstone Products Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost (or deemed cost), less any accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold property	2% per annum on a straight line basis
Plant and machinery	25% per annum on a straight line basis
Fixtures and fittings	20% per annum on a straight line basis
Motor vehicles	25% per annum on a straight line basis

Investments

Investments are recognised at cost.

Kingstone Products Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year was 21 (2024 - 22).

Kingstone Products Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 March 2025 (continued)

4	Tangible assets

	Freehold property £	Fixtures and fittings  £	Motor vehicles  £	Plant and machinery  £	Total £
Cost
At 1 April 2024	669,158	17,393	85,000	323,447	1,094,998
Disposals	-	-	(48,000)	-	(48,000)
At 31 March 2025	669,158	17,393	37,000	323,447	1,046,998
Depreciation
At 1 April 2024	113,592	17,393	58,000	307,152	496,137
Charge for the year	13,383	-	6,000	7,122	26,505
Eliminated on disposal	-	-	(27,000)	-	(27,000)
At 31 March 2025	126,975	17,393	37,000	314,274	495,642
Net book value
At 31 March 2025	542,183	-	-	9,173	551,356
At 31 March 2024	555,566	-	27,000	16,296	598,862

5	Investments

	2025 £	2024 £
Shares in group undertakings and participating interests	110,060	110,060