Kings (Borough Green) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07296498 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

KINGS (BOROUGH GREEN) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr C J Williams

REGISTERED OFFICE:

4 Station Parade

London Road

Sevenoaks

Kent

TN13 1DL

REGISTERED NUMBER:

07296498 (England and Wales)

ACCOUNTANTS:

MMP Accounting Solutions Ltd

Chartered Certified Accountants

3 Queen Street

Ashford

Kent

TN23 1RF

FIXED ASSETS

Tangible assets

4

8,504

1,561

CURRENT ASSETS

Debtors

5

88,287

59,766

Cash at bank and in hand

405,188

323,197

493,475

382,963

CREDITORS

Amounts falling due within one year

6

352,176

283,512

NET CURRENT ASSETS

141,299

99,451

TOTAL ASSETS LESS CURRENT LIABILITIES

149,803

101,012

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

149,801

101,010

SHAREHOLDERS' FUNDS

149,803

101,012

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 31 October 2019 and were signed by:

Mr C J Williams - Director

1.	STATUTORY INFORMATION

Kings (Borough Green) 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2018 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Equipment

vehicles

Totals

£

£

£

COST

At 1 April 2018

12,984

-

12,984

Additions

715

9,063

9,778

At 31 March 2019

13,699

9,063

22,762

DEPRECIATION

At 1 April 2018

11,423

-

11,423

Charge for year

758

2,077

2,835

At 31 March 2019

12,181

2,077

14,258

NET BOOK VALUE

At 31 March 2019

1,518

6,986

8,504

At 31 March 2018

1,561

-

1,561

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

85,995

57,474

Prepayments and accrued income

2,292

2,292

88,287

59,766

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

21,585

12,010

Amounts due to clients

273,304

268,895

Tax

9,680

-

Inter company account

45,000

-

Accruals and deferred income

2,607

2,607

352,176

283,512