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Registered number: 05697832
KINGSWOOD JOINERY UK LIMITED
ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
Prepared By:
McMillan Rose & Co Ltd
Chartered Certified Accountants
Haltgate House
52a Hullbridge Road
South Woodham Ferrrers
Essex
CM3 5NH
KINGSWOOD JOINERY UK LIMITED
ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
DIRECTORS
Mr R Packman
REGISTERED OFFICE
Haltgate House
52a Hullbridge Road
South Woodham Ferrers
Essex
CM3 5NH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05697832
ACCOUNTANTS
McMillan Rose & Co Ltd
Chartered Certified Accountants
Haltgate House
52a Hullbridge Road
South Woodham Ferrrers
Essex
CM3 5NH
KINGSWOOD JOINERY UK LIMITED
ACCOUNTS
FOR THEYEARENDED28 FEBRUARY 2025
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
KINGSWOOD JOINERY UK LIMITED
BALANCE SHEET AT 28 February 2025
20252024
Notes££
FIXED ASSETS
Tangible assets2178,245190,309
CURRENT ASSETS
Stock28,00026,000
Debtors4201,352195,851
Cash at bank and in hand22,1121,593
251,464223,444
CREDITORS: Amounts falling due within one year5109,861104,285
NET CURRENT ASSETS141,603119,159
TOTAL ASSETS LESS CURRENT LIABILITIES319,848309,468
CREDITORS: Amounts falling due after more than one year6107,5287,494
PROVISIONS FOR LIABILITIES AND CHARGES933,02735,040
NET ASSETS179,293266,934
CAPITAL AND RESERVES
Called up share capital1022
Profit and loss account179,291266,932
SHAREHOLDERS' FUNDS179,293266,934
For the year ending 28 February 2025 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 15 October 2025 and signed on their behalf by
.............................
Mr R Packman
Director
KINGSWOOD JOINERY UK LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 20%
Fixtures and Fittingsreducing balance 25%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.
KINGSWOOD JOINERY UK LIMITED
2. TANGIBLE FIXED ASSETS
Plant and
Machinery Etc.Total
££
Cost
At 29 February 2024501,301501,301
Additions63,00763,007
Disposals(40,995)(40,995)
At 28 February 2025523,313523,313
Depreciation
At 29 February 2024310,992310,992
Disposals(20,006)(20,006)
For the year54,08254,082
At 28 February 2025345,068345,068
Net Book Amounts
At 28 February 2025178,245178,245
At 28 February 2024190,309190,309
3. STOCK 20252024
££
Stock comprises:
Stock raw materials3,0006,000
Work in progress25,00020,000
28,00026,000
4. DEBTORS 20252024
££
Amounts falling due within one year:
Trade debtors75,145127,541
Other Tax30,01416,074
Other debtors96,19352,236
201,352195,851
KINGSWOOD JOINERY UK LIMITED
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
Bank loans and overdrafts21,26120,660
Trade creditors1,6382,882
Taxation and social security65,11566,192
Other creditors21,84714,551
109,861104,285
Included within other creditors are obligations under finance leases-510
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20252024
££
Bank loans and overdrafts73,962-
Other creditors33,5667,494
107,5287,494
Included in other creditors are:
Obligations under hire purchase33,5667,494
7. SECURED CREDITORS
20252024
££
Amount of bank loans and overdrafts which are secured95,22220,660
Amount of other creditors which are secured51,05417,994
Hire purchase and finance leases are secured on the assets they relate to. Bank loans and overdrafts are secured on a fixed and floating charge over all assets.
8. EMPLOYEES
20252024
No.No.
Average number of employees44
KINGSWOOD JOINERY UK LIMITED
9. PROVISIONS FOR LIABILITIES 20252024
££
Deferred taxation33,02735,040
33,02735,040
10. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22
11. OTHER FINANCIAL COMMITMENTS
At 28 February 2025 the company was committed to making the following payments under non-cancellable operating leases, which finish in May 2026:
20252024
££
Operating leases8,33341,663