KING RENOVATIONS LTD - Filleted accounts

Registered number

09777633

KING RENOVATIONS LTD

Filleted Accounts

31 March 2025

KING RENOVATIONS LTD
Registered number:		09777633
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		20,808			-

Current assets
Debtors	5	15,196			76,007
Cash at bank and in hand		1,715			3,820
		16,911			79,827

Creditors: amounts falling due within one year	6	(127,174)			(152,082)

Net current liabilities			(110,263)			(72,255)

Total assets less current liabilities			(89,455)			(72,255)

Creditors: amounts falling due after more than one year	7		(19,243)			(12,182)



Net liabilities			(108,698)			(84,437)

Capital and reserves
Called up share capital			1			1
Profit and loss account			(108,699)			(84,438)

Shareholder's funds			(108,698)			(84,437)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Hollie Danielle Thomas
Director
Approved by the board on 9 December 2025

KING RENOVATIONS LTD
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Going Concern
	The shareholders have agreed to continue to provide financial support to the company to satisfy its financial obligations for at least 12 months from the date of signature of the financial statements and therefore the accounts have been prepared on a going concern basis.

3	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	3		4


4	Tangible fixed assets
				Motor vehicles
£
	Cost
	Additions			21,485
	At 31 March 2025			21,485

	Depreciation
	Charge for the year			677
	At 31 March 2025			677

	Net book value
	At 31 March 2025			20,808


5	Debtors	2025		2024
£			£

	Trade debtors	13,645		74,456
	S455 provision	1,551		1,551
		15,196		76,007


6	Creditors: amounts falling due within one year	2025		2024
£			£

	Bank loans and overdrafts	13,816		10,237
	Trade creditors	21,481		29,058
	Taxation and social security costs	24,676		23,970
	Pensions	417		417
	Other creditors	66,784		88,400
		127,174		152,082

	Included within bank loans is a COVID bounce back loan of £10,503 (2024: £10,237), 100%
	guaranteed by the government.

7	Creditors: amounts falling due after one year	2025		2024
£			£

	Bank loans	19,243		12,182

	Included within bank loans is a COVID bounce back loan of £1,716 (2024: £12,182), 100%
	guaranteed by the government.

8	Other information

	KING RENOVATIONS LTD is a private company limited by shares and incorporated in England. Its registered office is:
	268 C/O Grey And Green Limited
	Bath Road
	Slough
	Berkshire
	SL1 4DX