Company No: 07970890 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	25,901		11,952
		25,901		11,952
Current assets
Stocks	4	173,231		198,706
Debtors	5	85,803		220,092
Cash at bank and in hand		305,788		122,701
		564,822		541,499
Creditors: amounts falling due within one year	6	( 368,206)		( 389,141)
Net current assets		196,616		152,358
Total assets less current liabilities		222,517		164,310
Net assets		222,517		164,310
Capital and reserves
Called-up share capital	7	1,000		1,000
Profit and loss account		221,517		163,310
Total shareholders' funds		222,517		164,310

For the financial year ending 30 September 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of 2 Kings Ltd (registered number: 07970890) were approved and authorised for issue by the Board of Directors on 10 December 2025. They were signed on its behalf by:

A C Faull Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

2 Kings Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is 8 Clement Mews, 5 RL Stevenson Ave, Bournemouth, Dorset, BH4 8AU.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Leasehold improvements	depreciated over the life of the lease
Plant and machinery	3 years straight line
Fixtures and fittings	4 years straight line
Computer equipment	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

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.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	9		7

3. Tangible assets

	Leasehold improve- ments		Plant and machinery		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 October 2024	5,594		2,320		1,095		42,700		51,709
Additions	4,764		19,088		0		2,097		25,949
At 30 September 2025	10,358		21,408		1,095		44,797		77,658
Accumulated depreciation
At 01 October 2024	1,311		1,470		1,095		35,881		39,757
Charge for the financial year	1,395		5,463		0		5,142		12,000
At 30 September 2025	2,706		6,933		1,095		41,023		51,757
Net book value
At 30 September 2025	7,652		14,475		0		3,774		25,901
At 30 September 2024	4,283		850		0		6,819		11,952

4. Stocks

	2025		2024
	£		£
Stocks	173,231		198,706

5. Debtors

	2025		2024
	£		£
Trade debtors	26,672		110,857
Other debtors	59,131		109,235
	85,803		220,092

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	135,158		160,138
Taxation and social security	229,547		221,072
Other creditors	3,501		7,931
	368,206		389,141

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
520 Ordinary A shares of £ 1.00 each	520		520
50 Ordinary B shares of £ 1.00 each	50		50
40 Ordinary C shares of £ 1.00 each	40		40
40 Ordinary D shares of £ 1.00 each	40		40
250 Ordinary E shares of £ 1.00 each	250		250
50 Ordinary F shares of £ 1.00 each	50		50
50 Ordinary G shares of £ 1.00 each	50		50
	1,000		1,000

8. Financial commitments

Commitments

	2025		2024
	£		£
Total future minimum lease payments under non-cancellable operating leases	10,800		21,600

9. Related party transactions

Transactions with owners holding a participating interest in the entity

	2025		2024
	£		£
At start of period	98,335		0
Advanced	77,500		150,835
Repaid	(135,835)		(52,500)
At end of period	40,000		98,335

Interest of £499 (2024: £835) has been charged on the loan to shareholders at the rate of 2.5% AER

Transactions with the entity's directors

	2025		2024
	£		£
At start of period	0		0
Advanced	0		320,000
Repaid	0		(320,000)
At end of period	0		0

Interest of £nil (2024: £945) has been charged on the loan to directors at the rate of 2.5% AER