Kingston Engineering Co (Hull) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01690570 (England and Wales)

Kingston Engineering Co (Hull) Limited

Unaudited Financial Statements for the Year Ended 31st March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs G Hickson

P R Bielby

M J Hutchinson

SECRETARY:

Mrs G Hickson

REGISTERED OFFICE:

Pennington Street

Hull

East Yorkshire

HU8 7LD

REGISTERED NUMBER:

01690570 (England and Wales)

ACCOUNTANTS:

Smailes Goldie

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire HU2 8BA

FIXED ASSETS

Tangible assets

4

1,165,215

998,788

CURRENT ASSETS

Stocks

306,979

411,056

Debtors

5

417,046

641,830

Cash at bank and in hand

266,813

57,452

990,838

1,110,338

CREDITORS

Amounts falling due within one year

6

601,480

675,170

NET CURRENT ASSETS

389,358

435,168

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,554,573

1,433,956

CREDITORS

Amounts falling due after more than one
year

7

(167,517

)

(143,756

)

PROVISIONS FOR LIABILITIES

(115,700

)

(95,456

)

NET ASSETS

1,271,356

1,194,744

CAPITAL AND RESERVES

Called up share capital

9

3,881

Revaluation reserve

315,974

Capital redemption reserve

16,119

Retained earnings

935,382

858,770

SHAREHOLDERS' FUNDS

1,271,356

1,194,744

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th November 2025 and were signed on its behalf by:

P R Bielby - Director

M J Hutchinson - Director

1.	STATUTORY INFORMATION

Kingston Engineering Co (Hull) 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 is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Turnover from the sale of goods is recognised as they are delivered.

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

-

2% on cost

Plant and machinery

-

10% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Contract work in progress included in stock is stated at net realisable value. Cumulative turnover (i.e. the total turnover recorded in respect of the contract in the profit and loss accounts of all accounting periods since inception of the contract) is compared with total payments on account. If turnover exceeds payments on account an "amount recoverable on contracts" is established and separately disclosed within stock. If payments on account are greater than turnover to date, the excess is classified within creditors.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

Government grants

Capital expenditure during the year has been financed partly by a government grant. The cost of the this expenditure has been reduced by the amount of the grant received and depreciation is provided on the net acquistion cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST OR VALUATION

At 1st April 2024

550,000

1,442,348

1,992,348

Additions

-

279,029

Disposals

-

(101,800

)

(101,800

)

At 31st March 2025

550,000

1,619,577

2,169,577

DEPRECIATION

At 1st April 2024

-

993,560

Charge for year

-

102,287

Eliminated on disposal

-

(91,485

)

(91,485

)

At 31st March 2025

-

1,004,362

NET BOOK VALUE

At 31st March 2025

550,000

615,215

1,165,215

At 31st March 2024

550,000

448,788

998,788

Included in cost or valuation of land and buildings is freehold land of £ 11,620 (2024 - £ 11,620 ) which is not depreciated.

Cost or valuation at 31st March 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

Valuation in 2016

40,974

-

40,974

Valuation in 2018

135,000

-

135,000

Valuation in 2024

140,000

-

140,000

Cost

234,026

1,619,577

1,853,603

550,000

1,619,577

2,169,577

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

2025

2024

£

Cost

234,026

Aggregate depreciation

182,073

179,725

Value of land in freehold land and buildings

11,620

Freehold property was valued on an open market basis on 8th February 2024 by Scotts .

The directors believe the cost or valuation of the freehold property is reasonable.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

414,269

639,131

Other debtors

2,777

2,699

417,046

641,830

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

15,213

117,943

Hire purchase contracts

47,637

54,248

Trade creditors

115,413

165,828

Taxation and social security

118,127

137,363

Other creditors

305,090

199,788

601,480

675,170

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

1,667

11,667

Hire purchase contracts

165,850

132,089

167,517

143,756

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank overdrafts

5,213

107,943

Bank loans

11,667

21,667

16,880

129,610

The company's bank facilities are secured by a debenture on the company's assets.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

3,881

Ordinary

£1

3,881