Kingsley Roofing (Midlands) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05108766 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2019

for

Kingsley Roofing (Midlands) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J K Taylor

A Pawley

M Proudman

Mrs H L Taylor

R A Kinloch

M Pallas

SECRETARY:

J K Taylor

REGISTERED OFFICE:

15 Sea Lane

Ferring

West Sussex

BN12 5DP

REGISTERED NUMBER:

05108766 (England and Wales)

ACCOUNTANTS:

Reeves Wilkinson Limited trading as Botting & Co

Chartered Certified Accountants

41b Beach Road

Littlehampton

West Sussex

BN17 5JA

FIXED ASSETS

Tangible assets

4

4,550

5,747

CURRENT ASSETS

Stocks

-

13,433

Debtors

5

1,425,250

1,196,471

Cash at bank

20,156

49,091

1,445,406

1,258,995

CREDITORS

Amounts falling due within one year

6

1,256,862

1,018,847

NET CURRENT ASSETS

188,544

240,148

TOTAL ASSETS LESS CURRENT LIABILITIES

193,094

245,895

CAPITAL AND RESERVES

Called up share capital

104

102

Retained earnings

192,990

245,793

SHAREHOLDERS' FUNDS

193,094

245,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 14 February 2020 and were signed on its behalf by:

J K Taylor - Director

1.	STATUTORY INFORMATION

Kingsley Roofing (Midlands) 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.

Fixtures and fittings

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 11 (2018 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 July 2018

and 30 June 2019

800

6,500

7,300

DEPRECIATION

At 1 July 2018

578

975

1,553

Charge for year

222

975

1,197

At 30 June 2019

800

1,950

2,750

NET BOOK VALUE

At 30 June 2019

-

4,550

4,550

At 30 June 2018

222

5,525

5,747

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Trade debtors

908,413

743,320

Other debtors

516,837

453,151

1,425,250

1,196,471

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Trade creditors

550,536

690,660

Taxation and social security

110,270

37,108

Other creditors

596,056

291,079

1,256,862

1,018,847

7.	GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The company had guarantees and other financial commitments at the year end of £15,000 (2018: £15,000).

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J K Taylor.