Kings Worldwide Limited - Accounts to registrar (filleted) - small 18.2

Kings Worldwide Limited - Accounts to registrar (filleted) - small 18.2

KINGS WORLDWIDE LIMITED - Company Information

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REGISTERED NUMBER: 00432015 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

KINGS WORLDWIDE LIMITED
KINGS WORLDWIDE LIMITED (REGISTERED NUMBER: 00432015)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KINGS WORLDWIDE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2019







DIRECTOR: C B Hammerson





SECRETARY: B Hammerson Wood





REGISTERED OFFICE: Wellington House
273 -275 High Street
London Colney
St Albans
AL2 1HA





REGISTERED NUMBER: 00432015 (England and Wales)





ACCOUNTANTS: Newman Morris Limited
Chartered Accountants
Wellington House
273-275 High Street
London Colney
Hertfordshire
AL2 1HA
Page 1
KINGS WORLDWIDE LIMITED (REGISTERED NUMBER: 00432015)

BALANCE SHEET
30 SEPTEMBER 2019

2019 2018
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,548 3,154

CURRENT ASSETS
Debtors 5 126,305 198,067
Cash at bank and in hand 211,160 486,467
337,465 684,534
CREDITORS
Amounts falling due within one year 6 (28,288 ) (396,459 )
NET CURRENT ASSETS 309,177 288,075
TOTAL ASSETS LESS CURRENT
LIABILITIES
311,725
291,229

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 28,736 28,736
Retained earnings 282,889 262,393
SHAREHOLDERS' FUNDS 311,725 291,229

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 notes form part of these financial statements

Page 2
KINGS WORLDWIDE LIMITED (REGISTERED NUMBER: 00432015)

BALANCE SHEET - continued
30 SEPTEMBER 2019


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 and authorised for issue on 19 June 2020 and were
signed by:





C B Hammerson - Director


The notes form part of these financial statements

Page 3
KINGS WORLDWIDE LIMITED (REGISTERED NUMBER: 00432015)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019

1. STATUTORY INFORMATION

Kings Worldwide 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 - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

Page 4
KINGS WORLDWIDE LIMITED (REGISTERED NUMBER: 00432015)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2019

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2018 19,325
Disposals (13,633 )
At 30 September 2019 5,692
DEPRECIATION
At 1 October 2018 16,171
Charge for year 606
Eliminated on disposal (13,633 )
At 30 September 2019 3,144
NET BOOK VALUE
At 30 September 2019 2,548
At 30 September 2018 3,154

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 11,971 17,301
Other debtors 114,334 180,766
126,305 198,067

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 4,251 57,943
Taxation and social security 7,820 8,450
Other creditors 16,217 330,066
28,288 396,459

7. RELATED PARTY DISCLOSURES

At the balance sheet date, included within debtors were balances due from an associated company,
Kildsmade Investments Limited of £89,222 (2018 : 88,672 Creditor due to Kildsmade Investments
Ltd).

No interest has been charged on these loans.

Page 5