REGISTERED NUMBER: 10345952 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Kingsmead Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Craig McKibbin

REGISTERED OFFICE:

1 Liverpool Road North

Maghull

Merseyside

L31 2HB

REGISTERED NUMBER:

10345952 (England and Wales)

ACCOUNTANTS:

LJS Accounting Services (UK) Ltd

Unit 5, 1st Floor

Connect Business Village

24 Derby Road

Liverpool

Merseyside

L5 9PR

FIXED ASSETS

Tangible assets

4

109,614

133,900

CURRENT ASSETS

Stocks

5

68,160

147,000

Debtors

6

581,401

363,524

Cash at bank

200,872

261,681

850,433

772,205

CREDITORS

Amounts falling due within one year

7

531,048

478,463

NET CURRENT ASSETS

319,385

293,742

TOTAL ASSETS LESS CURRENT LIABILITIES

428,999

427,642

CREDITORS

Amounts falling due after more than one year

8

(55,364

)

(79,148

)

PROVISIONS FOR LIABILITIES

10

(25,321

)

(25,441

)

NET ASSETS

348,314

323,053

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

12

348,214

322,953

SHAREHOLDERS' FUNDS

348,314

323,053

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29 October 2025 and were signed by:

Mr Craig McKibbin - Director

1.	STATUTORY INFORMATION

Kingsmead Homes Limited 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.

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.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

10% on cost

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.

Hire purchase and leasing commitments

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 6 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 March 2024

and 28 February 2025

184,984

6,292

51,587

242,863

DEPRECIATION

At 1 March 2024

64,646

3,144

41,173

108,963

Charge for year

18,499

629

5,158

24,286

At 28 February 2025

83,145

3,773

46,331

133,249

NET BOOK VALUE

At 28 February 2025

101,839

2,519

5,256

109,614

At 29 February 2024

120,338

3,148

10,414

133,900

5.

STOCKS

28.2.25

29.2.24

£

£

Stocks

68,160

147,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

562,343

216,361

Other debtors

-

138,106

VAT

19,058

9,057

581,401

363,524

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts (see note 9)

18,787

24,577

Trade creditors

342,025

347,464

Tax

66,684

38,514

Social security and other taxes

40,789

14,158

Other creditors

60,000

50,000

Directors' current accounts

13

-

Accrued expenses

2,750

3,750

531,048

478,463

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Hire purchase contracts

55,364

79,148

9.

LOANS

An analysis of the maturity of loans is given below:

28.2.25

29.2.24

£

£

Amounts falling due within one year or on demand:

Bank loans

18,787

24,577

10.	PROVISIONS FOR LIABILITIES

28.2.25

29.2.24

£

£

Deferred tax

25,321

25,441

Deferred

tax

£

Balance at 1 March 2024

25,441

Provided during year

(120

)

Balance at 28 February 2025

25,321

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

£

100

Ordinary

1

100

100

12.

RESERVES

Retained

earnings

£

At 1 March 2024

322,953

Profit for the year

59,661

Dividends

(34,400

)

At 28 February 2025

348,214