Kingsbury Jig & Tool Group Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00580493 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

KINGSBURY JIG & TOOL GROUP LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

C T Wilkins

SECRETARY:

I A Hinton

REGISTERED OFFICE:

London Road

Bassetts Pole

Sutton Coldfield

West Midlands

B75 5SA

REGISTERED NUMBER:

00580493 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mark Fletcher BSc ACA

AUDITORS:

Crombies Accountants Limited

Chartered Accountants and Statutory Auditor

34 Waterloo Road

Wolverhampton

West Midlands

WV1 4DG

FIXED ASSETS

Tangible assets

4

541,718

535,954

Investments

5

3,098

Investment property

6

6,149,250

6,694,066

6,688,302

CURRENT ASSETS

Debtors

7

2,524,188

2,560,078

Prepayments and accrued income

84,799

10,260

Cash at bank and in hand

132,631

501,138

2,741,618

3,071,476

CREDITORS

Amounts falling due within one year

8

2,535,349

2,800,734

NET CURRENT ASSETS

206,269

270,742

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,900,335

6,959,044

CAPITAL AND RESERVES

Called up share capital

28,074

Share premium

35,000

Fair value reserve

9

3,151,026

Capital redemption reserve

8,926

Retained earnings

3,677,309

3,736,018

SHAREHOLDERS' FUNDS

6,900,335

6,959,044

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 April 2026 and were signed by:

C T Wilkins - Director

1.	STATUTORY INFORMATION

Kingsbury Jig & Tool Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Kingsbury Jig & Tool Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Management charges 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.

(a) Depreciation

Depreciation is provided on all tangible fixed assets other than freehold land and investment properties at rates calculated to write each asset down to its estimated residual value evenly over its expected useful life, as follows:-

Freehold buildings

over 50 years

Plant and machinery

over 8 years

Motor vehicles

over 4 years

Fixtures and fittings

over 10 years

Computer equipment

over 4 years

(b) Revalued assets

The company revalued various land and buildings on the basis of open market value for existing use in 2016.The assets have not been externally revalued since this date but in accordance with FRS102 the directors assess the revalued amounts for any impairment.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a pension scheme for its employees providing benefits based on contributions. The pension cost charge represents contributions paid by the company to the funds.

Investments

Long term investments are described as participating interests and are classified as fixed assets.

Participating interests are stated at cost.

Provision is made for any permanent diminution in the value of fixed asset investments.

Leased assets

All leases are "operating lease". The annual rentals are charged to profit and loss on a straight line basis.

Pension contributions

The company operates a pension scheme for its employees providing benefits based on contributions. The pension cost charge represents contributions paid by the company to the funds.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

COST OR VALUATION

At 1 October 2024

505,750

525,260

1,031,010

Additions

-

31,680

Disposals

-

(3,978

)

(3,978

)

At 30 September 2025

505,750

552,962

1,058,712

DEPRECIATION

At 1 October 2024

16,290

478,766

495,056

Charge for year

8,145

17,771

25,916

Eliminated on disposal

-

(3,978

)

(3,978

)

At 30 September 2025

24,435

492,559

516,994

NET BOOK VALUE

At 30 September 2025

481,315

60,403

541,718

At 30 September 2024

489,460

46,494

535,954

Included in cost or valuation of land and buildings is freehold land of £ 98,500 (2024 - £ 98,500 ) which is not depreciated.

Cost or valuation at 30 September 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

Valuation in 1999

204,584

-

204,584

Valuation in 2008

60,179

-

60,179

Valuation in 2016

19,150

-

19,150

Valuation in 2024

149,500

-

149,500

Cost

72,337

552,962

625,299

505,750

552,962

1,058,712

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 October 2024

and 30 September 2025

3,098

NET BOOK VALUE

At 30 September 2025

3,098

At 30 September 2024

3,098

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

and 30 September 2025

6,149,250

NET BOOK VALUE

At 30 September 2025

6,149,250

At 30 September 2024

6,149,250

The director has considered the valuation at the reporting date and confirmed no change.

Fair value at 30 September 2025 is represented by:

£

Valuation in 2008

1,110,494

Valuation in 2016

(424,996

)

Valuation in 2024

1,665,500

Cost

3,798,252

6,149,250

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

1,397,072

1,398,221

Other debtors

1,127,116

1,161,857

2,524,188

2,560,078

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

85,119

8,593

Taxation and social security

53,893

138,128

Other creditors

2,396,337

2,654,013

2,535,349

2,800,734

9.

RESERVES

Fair

value

reserve

£

At 1 October 2024

and 30 September 2025

3,151,026

No deferred tax liability arose on the fair value reserve.

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Fletcher BSc ACA (Senior Statutory Auditor)

for and on behalf of Crombies Accountants Limited

11.	OTHER FINANCIAL COMMITMENTS

The company has given a guarantee on behalf of related parties in relation to bank liabilities.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is C T Wilkins.