Registration number:
Local Hero (Kingston) Ltd
for the Year Ended 31 March 2026
Local Hero (Kingston) Ltd
Contents
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Company Information |
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Directors' Report |
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Accountants' Report |
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Abridged Profit and Loss Account |
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Statement of Comprehensive Income |
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Abridged Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Abridged Financial Statements |
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Detailed Profit and Loss Account |
Local Hero (Kingston) Ltd
Company Information
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Directors |
P Blazevic M Blazevic |
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Registered office |
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Accountants |
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Local Hero (Kingston) Ltd
Directors' Report for the Year Ended 31 March 2026
The directors present their report and the abridged financial statements for the year ended 31 March 2026.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is that of a coffee shop
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Local Hero (Kingston) Ltd
for the Year Ended 31 March 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Local Hero (Kingston) Ltd for the year ended 31 March 2026 as set out on pages 4 to 13 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Local Hero (Kingston) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Local Hero (Kingston) Ltd and state those matters that we have agreed to state to the Board of Directors of Local Hero (Kingston) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Local Hero (Kingston) Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Local Hero (Kingston) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Local Hero (Kingston) Ltd. You consider that Local Hero (Kingston) Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Local Hero (Kingston) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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18 Watermill Way
Merton Abbey Mills
London
SW19 2RD
Local Hero (Kingston) Ltd
Abridged Profit and Loss Account for the Year Ended 31 March 2026
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Note |
2026 |
2025 |
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Gross profit |
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Administrative expenses |
( |
( |
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Income from shares in group undertakings |
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Other interest receivable and similar income |
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Profit before tax |
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Tax on profit |
( |
( |
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Profit for the financial year |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Local Hero (Kingston) Ltd
Statement of Comprehensive Income for the Year Ended 31 March 2026
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2026 |
2025 |
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Profit for the year |
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Total comprehensive income for the year |
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Local Hero (Kingston) Ltd
(Registration number: 08514933)
Abridged Balance Sheet as at 31 March 2026
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Note |
2026 |
2025 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Accruals and deferred income |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Retained earnings |
111,535 |
135,880 |
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Shareholders' funds |
111,635 |
135,980 |
Local Hero (Kingston) Ltd
(Registration number: 08514933)
Abridged Balance Sheet as at 31 March 2026
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:
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• |
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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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
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Local Hero (Kingston) Ltd
Statement of Changes in Equity for the Year Ended 31 March 2026
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Share capital |
Retained earnings |
Total |
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At 1 April 2025 |
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Profit for the year |
- |
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Dividends |
- |
( |
( |
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At 31 March 2026 |
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Share capital |
Retained earnings |
Total |
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At 1 April 2024 |
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Profit for the year |
- |
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Dividends |
- |
( |
( |
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At 31 March 2025 |
100 |
135,880 |
135,980 |
Local Hero (Kingston) Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026
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General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
The principal place of business is:
22 Thames Street
Kingston Upon Thames
Surrey
KT1 1PE
These financial statements were authorised for issue by the
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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 abridged 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 abridged 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.
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 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 income 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.
Local Hero (Kingston) Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026
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.
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:
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Asset class |
Depreciation method and rate |
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Fixtures and fittings |
25% Reducing balance basis |
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Office equipment |
25% Reducing balance basis |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
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 inventories 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.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Local Hero (Kingston) Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Profit before tax |
Arrived at after charging/(crediting)
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2026 |
2025 |
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Depreciation expense |
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Local Hero (Kingston) Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026
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Tangible assets |
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Fixtures and fittings |
Total |
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Cost or valuation |
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At 1 April 2025 |
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At 31 March 2026 |
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Depreciation |
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At 1 April 2025 |
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Charge for the year |
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At 31 March 2026 |
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Carrying amount |
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At 31 March 2026 |
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At 31 March 2025 |
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Stocks |
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2026 |
2025 |
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Other inventories |
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Local Hero (Kingston) Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026
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Share capital |
Allotted, called up and fully paid shares
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2026 |
2025 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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Dividends |
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2026 |
2025 |
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£ |
£ |
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Final dividend of £ |
36,000 |
50,000 |
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Related party transactions |
Directors' remuneration
The directors' remuneration for the year was as follows:
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2026 |
2025 |
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Remuneration |
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Contributions paid to money purchase schemes |
- |
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12,000 |
52,000 |
Local Hero (Kingston) Ltd
Detailed Profit and Loss Account for the Year Ended 31 March 2026
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2026 |
2025 |
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Turnover (analysed below) |
474,111 |
484,597 |
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Cost of sales (analysed below) |
(154,176) |
(156,581) |
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Gross profit |
319,935 |
328,016 |
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Gross profit (%) |
67.48% |
67.69% |
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Administrative expenses |
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Employment costs (analysed below) |
(215,693) |
(262,769) |
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Establishment costs (analysed below) |
(69,067) |
(69,745) |
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General administrative expenses (analysed below) |
(16,007) |
(14,982) |
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Finance charges (analysed below) |
(4,313) |
(4,759) |
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Depreciation costs (analysed below) |
(4,842) |
(6,457) |
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(309,922) |
(358,712) |
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Operating profit/(loss) |
10,013 |
(30,696) |
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Other operating income |
3,750 |
44,168 |
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Other interest receivable and similar income (analysed below) |
1,114 |
1,860 |
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4,864 |
46,028 |
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Profit before tax |
14,877 |
15,332 |
Local Hero (Kingston) Ltd
Detailed Profit and Loss Account for the Year Ended 31 March 2026
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2026 |
2025 |
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Turnover |
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Sales, UK |
474,111 |
484,597 |
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Cost of sales |
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Opening stock |
(36,522) |
(14,609) |
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Purchases |
(157,829) |
(178,495) |
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Closing stock |
40,175 |
36,523 |
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(154,176) |
(156,581) |
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Employment costs |
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Wages and salaries (excluding directors) |
(180,485) |
(191,163) |
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Staff NIC (Employers) |
(18,857) |
(15,881) |
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Directors remuneration |
(12,000) |
(12,000) |
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Directors NIC (Employers) |
(1,050) |
(400) |
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Staff pensions (Defined contribution) |
(3,301) |
(3,325) |
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Directors pensions (Defined contribution) |
- |
(40,000) |
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(215,693) |
(262,769) |
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Establishment costs |
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Rent and rates |
(50,711) |
(41,618) |
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Light, heat and refuse collection |
(15,560) |
(13,897) |
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Insurance |
(2,796) |
(1,903) |
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Repairs and maintenance |
- |
(12,327) |
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(69,067) |
(69,745) |
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General administrative expenses |
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Telephone and fax |
(2,435) |
(1,935) |
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Computer software and maintenance costs |
(1,525) |
(1,559) |
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Printing, postage and stationery |
(414) |
(424) |
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Sundry expenses |
(746) |
(762) |
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Cleaning |
(236) |
(241) |
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Motor expenses |
(3,640) |
(3,720) |
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Travel and subsistence |
(358) |
(366) |
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Advertising |
(518) |
(529) |
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Customer entertaining (disallowable for tax) |
(992) |
(1,014) |
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Accountancy fees |
(996) |
(845) |
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Legal and professional fees |
(4,147) |
(3,587) |
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(16,007) |
(14,982) |
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Finance charges |
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Bank charges |
(4,313) |
(4,759) |
Local Hero (Kingston) Ltd
Detailed Profit and Loss Account for the Year Ended 31 March 2026
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2026 |
2025 |
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Depreciation costs |
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Depreciation of fixtures and fittings (owned) |
(4,630) |
(6,173) |
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Depreciation of office equipment (owned) |
(212) |
(284) |
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(4,842) |
(6,457) |
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Other operating income |
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Insurance payouts |
- |
41,968 |
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Employers NI allowance |
3,750 |
2,200 |
|
3,750 |
44,168 |
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Other interest receivable and similar income |
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Bank interest receivable |
1,086 |
1,860 |
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Other interest receivable |
28 |
- |
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1,114 |
1,860 |