REGISTERED NUMBER: 07012847 (England and Wales)

KINGSWAY CORPORATION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 AUGUST 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Dunn

W Dunn

G Dunn

REGISTERED OFFICE:

Unit 17c

Gainsborough Trading Estate

Rufford Road

Stourbridge

West Midlands

DY9 7ND

REGISTERED NUMBER:

07012847 (England and Wales)

ACCOUNTANTS:

Charles Lovell & Co Limited

Chartered Certified Accountants

and Statutory Auditors

8 Church Green East

Redditch

Worcestershire

B98 8BP

FIXED ASSETS

Intangible assets

4

129,605

79,144

Tangible assets

5

115,530

70,466

245,135

149,610

CURRENT ASSETS

Stocks

91,939

108,689

Debtors

6

161,115

122,884

Cash at bank and in hand

641,126

700,816

894,180

932,389

CREDITORS

Amounts falling due within one year

7

932,227

1,031,778

NET CURRENT LIABILITIES

(38,047

)

(99,389

)

TOTAL ASSETS LESS CURRENT LIABILITIES

207,088

50,221

CREDITORS

Amounts falling due after more than one year

8

(41,325

)

-

PROVISIONS FOR LIABILITIES

(45,435

)

(21,188

)

NET ASSETS

120,328

29,033

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

120,228

28,933

SHAREHOLDERS' FUNDS

120,328

29,033

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 7 May 2026 and were signed on its behalf by:

G Dunn - Director

1.	STATUTORY INFORMATION

Kingsway Corporation 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Website

Website, being the amount paid in connection with website development is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 15% on cost, 12.5% on cost, 10% on cost and 2% 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 11 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 September 2024

6,200

190,088

196,288

Additions

-

86,274

86,274

At 31 August 2025

6,200

276,362

282,562

AMORTISATION

At 1 September 2024

6,200

110,944

117,144

Charge for year

-

35,813

35,813

At 31 August 2025

6,200

146,757

152,957

NET BOOK VALUE

At 31 August 2025

-

129,605

129,605

At 31 August 2024

-

79,144

79,144

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

145,852

Additions

54,827

At 31 August 2025

200,679

DEPRECIATION

At 1 September 2024

75,386

Charge for year

9,763

At 31 August 2025

85,149

NET BOOK VALUE

At 31 August 2025

115,530

At 31 August 2024

70,466

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

Additions

52,316

At 31 August 2025

52,316

DEPRECIATION

Charge for year

5,450

At 31 August 2025

5,450

NET BOOK VALUE

At 31 August 2025

46,866

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

150,019

110,987

Other debtors

11,096

11,897

161,115

122,884

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts (see note 9)

5,746

-

Trade creditors

666,100

822,180

Taxation and social security

110,272

107,770

Other creditors

150,109

101,828

932,227

1,031,778

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts (see note 9)

41,325

-

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.8.25

31.8.24

£

£

Net obligations repayable:

Within one year

5,746

-

Between one and five years

41,325

-

47,071

-

Non-cancellable

operating leases

31.8.25

31.8.24

£

£

Within one year

35,479

11,134

Between one and five years

24,575

14,416

60,054

25,550

10.	SECURED DEBTS

On 8 December 2009 a Rent Deposit Deed was created securing the obligations of the company to John Ward & Sons (Group) Limited.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024:

31.8.25

31.8.24

£

£

A Dunn

Balance outstanding at start of year

-

59,241

Amounts repaid

-

(59,241

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Loans to directors are charged interest at a rate of 2.25% per annum.