Company Registration number: 13166547

Kong Climbing Ltd

Contents

Pages

Balance sheet	1 to 2
Notes to the financial statements	3 to 8

Kong Climbing Ltd

Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	170,086	81,930
Current assets
Stocks	5	48,992	49,620
Debtors	6	332,617	151,049
Cash at bank and in hand		161,436	87,690
		543,045	288,359
Creditors: Amounts falling due within one year	7	(524,259)	(243,493)
Net current assets		18,786	44,866
Total assets less current liabilities		188,872	126,796
Creditors: Amounts falling due after more than one year	7	(142,447)	(122,880)
Provisions for liabilities		(15,507)	-
Net assets		30,918	3,916
Capital and reserves
Called up share capital	8	500	500
Retained earnings		30,418	3,416
Shareholders' funds		30,918	3,916

Kong Climbing Ltd

Balance Sheet as at 31 March 2026 (continued)

For the financial year ending 31 March 2026 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 July 2026 and signed on its behalf by:
 

......................................... Mr P J Cornforth Director

Company registration number: 13166547

Kong Climbing Ltd

Notes to the financial statements for the Year Ended 31 March 2026

1	GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
King Kong Climbing Walls
Threlkeld Quarry
Threlkeld
Keswick
CA12 4TT

These financial statements were authorised for issue by the Board on 8 July 2026.

2	ACCOUNTING POLICIES

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

Kong Climbing Ltd

Notes to the financial statements for the Year Ended 31 March 2026 (continued)

2	ACCOUNTING POLICIES (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
 

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Kong Climbing Ltd

Notes to the financial statements for the Year Ended 31 March 2026 (continued)

2	ACCOUNTING POLICIES (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% straight line
Motor vehicles	20% reducing balance
Plant and machinery	10% and 20% straight line

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
 Recognition and measurement
Basic financial instruments are initially recognised at the transaction price.
 Impairment
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Kong Climbing Ltd

Notes to the financial statements for the Year Ended 31 March 2026 (continued)

3	STAFF NUMBERS

The average number of persons employed by the company (including directors) during the year, was 16 (2025 - 20).

4	TANGIBLE ASSETS

	Office equipment  £	Motor vehicles  £	Plant and machinery £	Total £
Cost or valuation
At 1 April 2025	6,154	48,288	69,149	123,591
Additions	1,541	39,900	70,428	111,869
At 31 March 2026	7,695	88,188	139,577	235,460
Depreciation
At 1 April 2025	2,713	18,738	20,210	41,661
Charge for the year	1,539	11,230	10,944	23,713
At 31 March 2026	4,252	29,968	31,154	65,374
Carrying amount
At 31 March 2026	3,443	58,220	108,423	170,086
At 31 March 2025	3,441	29,550	48,939	81,930

5

STOCKS

	2026 £	2025 £
Stocks	48,992	49,620

6

DEBTORS

Current	2026 £	2025 £
Trade debtors	231,226	76,130
Prepayments	5,801	6,036
Other debtors	95,590	68,883
	332,617	151,049

Kong Climbing Ltd

Notes to the financial statements for the Year Ended 31 March 2026 (continued)

7

CREDITORS

Creditors: amounts falling due within one year

		2026 £	2025 £
Due within one year
Loans and borrowings		13,301	-
Trade creditors		180,592	34,463
Taxation and social security		93,151	88,480
Accruals and deferred income		180,755	78,320
Other creditors		56,460	42,230
		524,259	243,493

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £13,301 (2025 - £nil).

Creditors: amounts falling due after more than one year

		2026 £	2025 £
Due after one year
Loans and borrowings		142,447	122,880

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £19,567 (2025 - £nil).

Kong Climbing Ltd

Notes to the financial statements for the Year Ended 31 March 2026 (continued)

8	SHARE CAPITAL

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	450	450	450	450
Ordinary A shares of £1 each	50	50	50	50
	500	500	500	500