K.J. Childs & Sons Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00423943 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

K.J. Childs & Sons Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

O J Childs

P J Childs

SECRETARY:

P J Childs

REGISTERED OFFICE:

164 Field End Road

Eastcote

Middlesex

HA5 1RH

REGISTERED NUMBER:

00423943 (England and Wales)

FIXED ASSETS

Tangible assets

4

734,001

CURRENT ASSETS

Debtors

5

630,151

Cash at bank

6,081

994

636,232

631,145

CREDITORS

Amounts falling due within one year

6

64,156

56,596

NET CURRENT ASSETS

572,076

574,549

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,306,077

1,308,550

CREDITORS

Amounts falling due after more than one year

7

685,083

697,383

NET ASSETS

620,994

611,167

CAPITAL AND RESERVES

Called up share capital

8

10,002

Revaluation reserve

9

143,010

Other reserves

9

339,627

Retained earnings

9

128,355

118,528

SHAREHOLDERS' FUNDS

620,994

611,167

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 18 November 2025 and were signed on its behalf by:

P J Childs - Director

1.	STATUTORY INFORMATION

K.J. Childs & Sons 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoicing, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Plant and machinery

-

10% on cost

Motor vehicles

-

20% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

COST OR VALUATION

At 1 January 2024

and 31 December 2024

734,001

6,974

3,100

744,075

DEPRECIATION

At 1 January 2024

and 31 December 2024

-

6,974

3,100

10,074

NET BOOK VALUE

At 31 December 2024

734,001

-

734,001

At 31 December 2023

734,001

-

734,001

Cost or valuation at 31 December 2024 is represented by:

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

Valuation in 1984

143,010

-

143,010

Cost

590,991

6,974

3,100

601,065

734,001

6,974

3,100

744,075

If the property had not been revalued it would have been included at the following historical cost:

31.12.24

31.12.23

£

Cost

590,991

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

112,500

Other debtors

517,651

630,151

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

40,099

40,100

Tax

2,422

1,634

Directors' current accounts

11,635

4,656

Accruals and deferred income

10,000

10,206

64,156

56,596

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Bank loans - 2-5 years

685,083

697,383

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

10,002

Ordinary

£1

10,002

9.

RESERVES

Retained

Revaluation

Other

earnings

reserve

reserves

Totals

£

At 1 January 2024

118,528

143,010

339,627

601,165

Profit for the year

10,327

Dividends

(500

)

(500

)

At 31 December 2024

128,355

143,010

339,627

610,992

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P J Childs by virtue of his 100% holding in the share capital of the company.