Kingfisher Enamelling Company Limited 31/03/2025 iXBRL

Kingfisher Enamelling Company Limited

Filleted accounts

31 March 2025

Company registration number: 03167285

Kingfisher Enamelling Company Limited

Directors and other information


	Directors	L R Sharp
		R C Hill


	Secretary	L R Sharp


	Company number	03167285


	Registered office	22 - 24 Broad Street
		Wokingham
		Berkshire
		RG40 1BA


	Accountants	Cox Hinkins & Co. Limited
		Accountants and Taxation Advisors
		The Old Dairy
		12 Stephen Road
		Headington
		Oxford
		OX3 9AY

Kingfisher Enamelling Company Limited

Balance sheet

31st March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	207,422		194,787
		_______		_______
			207,422		194,787

Current assets
Stocks		52,494		32,000
Debtors	6	125,298		109,234
Cash at bank and in hand		35,296		61,959
		_______		_______
		213,088		203,193
Creditors: amounts falling due
within one year	7	( 173,394)		( 119,326)
		_______		_______
Net current assets			39,694		83,867
			_______		_______
Total assets less current liabilities			247,116		278,654

Creditors: amounts falling due
after more than one year	8		( 61,867)		( 72,494)

Provisions for liabilities	9		( 15,604)		( 19,578)

			_______		_______
Net assets			169,645		186,582
			_______		_______

Capital and reserves
Called up share capital	11		4,000		4,000
Share premium account			35,305		35,305
Profit and loss account			130,340		147,277
			_______		_______
Shareholders funds			169,645		186,582
			_______		_______

For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the Profit & loss account has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 27 November 2025 , and are signed on behalf of the board by:

L R Sharp

Director

Company registration number: 03167285

Kingfisher Enamelling Company Limited

Notes to the financial statements

Year ended 31st March 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 22 - 24 Broad Street, Wokingham, Berkshire, RG40 1BA. There was no significant change in the company's principal activity during the year which continued to be metal finishing for vitreous enamelling.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The principal accounting policies are set out below. The financial statements are prepared in sterling which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	Reducing balance basis at between 5% - 25% per annum
Fittings fixtures and equipment	-	Reducing balance basis at 25% per annum
Motor vehicles	-	Reducing balance basis at 25% per annum

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured 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 the stocks to their 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.

Hire purchase and finance leases

Assets held under finance leases are recognised in the Balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Grants

Grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Grants are recognised using the accrual model. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractualarrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2024: 10 ).

5. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1st April 2024	532,722	47,762	46,970	627,454
Additions	1,570	-	49,500	51,070
Disposals	-	( 4,079)	-	( 4,079)
	_______	_______	_______	_______
At 31st March 2025	534,292	43,683	96,470	674,445
	_______	_______	_______	_______
Depreciation
At 1st April 2024	373,903	42,666	16,098	432,667
Charge for the year	16,953	1,389	20,093	38,435
Disposals	-	( 4,079)	-	( 4,079)
	_______	_______	_______	_______
At 31st March 2025	390,856	39,976	36,191	467,023
	_______	_______	_______	_______
Carrying amount
At 31st March 2025	143,436	3,707	60,279	207,422
	_______	_______	_______	_______
At 31st March 2024	158,819	5,096	30,872	194,787
	_______	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	74,956	90,367
Other debtors	50,342	18,867
	_______	_______
	125,298	109,234
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loan	15,835	15,835
Trade creditors	81,311	51,602
Social security and other taxes	19,219	27,110
Other creditors	57,029	24,779
	_______	_______
	173,394	119,326
	_______	_______

Bank loan includes £10,996 (2024: £10,996) secured on the company's assets. Other creditors includes £20,681 (2024: £7,046) secured on the company's assets.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loan	44,902	61,653
Other creditors	16,965	10,841
	_______	_______
	61,867	72,494
	_______	_______

Bank loan includes £24,741 (2024: £36,653) secured on the company's assets. Other creditors are secured on the company's assets.

9. Provisions

	Deferred tax (note 10)	Total
	£	£
At 1st April 2024	19,578	19,578
Additions	( 3,974)	( 3,974)
	_______	_______
At 31st March 2025	15,604	15,604
	_______	_______

10. Deferred tax

The deferred tax included in the Balance sheet is as follows:

	2025	2024
	£	£
Included in provisions (note 9)	15,604	19,578
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	35,324	32,240
Unused tax losses	( 19,720)	( 12,662)
	_______	_______
	15,604	19,578
	_______	_______

11. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary A shares of £ 1.00 each	120	120	120	120
Ordinary B shares of £ 1.00 each	200	200	200	200
Ordinary C shares of £ 1.00 each	80	80	80	80
Ordinary D shares of £ 1.00 each	2,476	2,476	2,476	2,476
Ordinary E shares of £ 1.00 each	592	592	592	592
Ordinary F shares of £ 1.00 each	200	200	200	200
Ordinary G shares of £ 1.00 each	316	316	316	316
Ordinary H shares of £ 1.00 each	8	8	8	8
Ordinary I shares of £ 1.00 each	8	8	8	8
	_______	_______	_______	_______
	4,000	4,000	4,000	4,000
	_______	_______	_______	_______

12. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	53,000	53,000
Later than 1 year and not later than 5 years	217,667	217,667
Later than 5 years	66,167	119,166
	_______	_______
	336,834	389,833
	_______	_______

13. Controlling party

The company is under the control of R C Hill who owns 69.6% of the issued share capital.