ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

MARK KINGSLEY LIMITED - Company Information

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Caseware UK (AP4) 2018.0.196 2018.0.196 2018-10-312018-10-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueDevelopment of building projectsfalse2017-11-01 01131575 2017-11-01 2018-10-31 01131575 2016-11-01 2017-10-31 01131575 2018-10-31 01131575 2017-10-31 01131575 c:Director1 2017-11-01 2018-10-31 01131575 d:CurrentFinancialInstruments 2018-10-31 01131575 d:CurrentFinancialInstruments 2017-10-31 01131575 d:Non-currentFinancialInstruments 2018-10-31 01131575 d:Non-currentFinancialInstruments 2017-10-31 01131575 d:CurrentFinancialInstruments d:WithinOneYear 2018-10-31 01131575 d:CurrentFinancialInstruments d:WithinOneYear 2017-10-31 01131575 d:ShareCapital 2018-10-31 01131575 d:ShareCapital 2017-10-31 01131575 d:SharePremium 2018-10-31 01131575 d:SharePremium 2017-10-31 01131575 d:CapitalRedemptionReserve 2018-10-31 01131575 d:CapitalRedemptionReserve 2017-10-31 01131575 d:RetainedEarningsAccumulatedLosses 2018-10-31 01131575 d:RetainedEarningsAccumulatedLosses 2017-10-31 01131575 c:FRS102 2017-11-01 2018-10-31 01131575 c:AuditExempt-NoAccountantsReport 2017-11-01 2018-10-31 01131575 c:FullAccounts 2017-11-01 2018-10-31 01131575 c:PrivateLimitedCompanyLtd 2017-11-01 2018-10-31 iso4217:GBP xbrli:pure

Registered number: 01131575









MARK KINGSLEY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2018
 
MARK KINGSLEY LIMITED
REGISTERED NUMBER: 01131575

BALANCE SHEET
AS AT 31 OCTOBER 2018

2018
2017
Note
£
£

Fixed assets
  

Investments
 4 
37,500
150,000

  
37,500
150,000

Current assets
  

Stocks
  
315,701
-

Debtors: amounts falling due within one year
  
176
-

Cash at bank and in hand
 7 
976,123
1,266,902

  
1,292,000
1,266,902

Creditors: amounts falling due within one year
 8 
(7,244)
(7,215)

Net current assets
  
 
 
1,284,756
 
 
1,259,687

Total assets less current liabilities
  
1,322,256
1,409,687

  

Net assets
  
1,322,256
1,409,687


Capital and reserves
  

Called up share capital 
  
414,421
414,421

Share premium account
  
208,119
208,119

Capital redemption reserve
  
92,704
92,704

Profit and loss account
  
607,012
694,443

  
1,322,256
1,409,687


Page 1
 
MARK KINGSLEY LIMITED
REGISTERED NUMBER: 01131575
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2018

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 March 2019.



R C Wells
Director
The notes on pages 3 to 5 form part of these financial statements.

Page 2
 
MARK KINGSLEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2018

1.


General information

Mark Kingsley Limited is a private company limited by shares, incorporated in England. The trading office address is Dingle Bank, Pilgrims Way, Westhumble, RH5 6AW.
The functional currency used in the preparation of the financial statements is GBP Pound Sterling. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted averagebasis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2017 - 3).

Page 3
 
MARK KINGSLEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2018

4.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 November 2017
150,000


Disposals
(112,500)



At 31 October 2018

37,500






Net book value



At 31 October 2018
37,500



At 31 October 2017
150,000


5.


Stocks

2018
2017
£
£

Property for resale
315,701
-

315,701
-


Page 4
 
MARK KINGSLEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2018

6.


Debtors

2018
2017
£
£


Other debtors
176
-

176
-



7.


Cash and cash equivalents

2018
2017
£
£

Cash at bank and in hand
976,123
1,266,902

976,123
1,266,902



8.


Creditors: Amounts falling due within one year

2018
2017
£
£

Other taxation and social security
2,747
1,854

Other creditors
212
1,361

Accruals and deferred income
4,285
4,000

7,244
7,215


 
Page 5