Kings (Swanley) Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 07296497 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

KINGS (SWANLEY) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr C J Williams

Mr D J Peake

Mr J M Hall

Ms R H Munn

Mr R M Johnson

REGISTERED OFFICE:

4 Station Parade

London Road

Sevenoaks

Kent

TN13 1DL

REGISTERED NUMBER:

07296497 (England and Wales)

ACCOUNTANTS:

MMP Accounting Solutions Ltd

Chartered Certified Accountants

42 Cudworth Road

Willesborough

Ashford

Kent

TN24 0BG

FIXED ASSETS

Tangible assets

4

12,192

17,836

CURRENT ASSETS

Debtors

5

21,853

6,187

Cash at bank and in hand

64,309

43,144

86,162

49,331

CREDITORS

Amounts falling due within one year

6

38,757

19,036

NET CURRENT ASSETS

47,405

30,295

TOTAL ASSETS LESS CURRENT LIABILITIES

59,597

48,131

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

59,595

48,129

SHAREHOLDERS' FUNDS

59,597

48,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2022 and were signed on its behalf by:

Mr R M Johnson - Director

1.	STATUTORY INFORMATION

Kings (Swanley) 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.

Equipment

-

33% on reducing balance

Fixtures and fittings

-

10% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2020 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Equipment

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2020

12,449

20,689

12,115

45,253

Disposals

-

-

(12,115

)

(12,115

)

At 31 March 2021

12,449

20,689

-

33,138

DEPRECIATION

At 1 April 2020

10,662

8,472

8,283

27,417

Charge for year

590

1,222

-

1,812

Eliminated on disposal

-

-

(8,283

)

(8,283

)

At 31 March 2021

11,252

9,694

-

20,946

NET BOOK VALUE

At 31 March 2021

1,197

10,995

-

12,192

At 31 March 2020

1,787

12,217

3,832

17,836

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

14,392

2,760

Prepayments and accrued income

6,758

7,766

Inter company account

703

(4,339

)

21,853

6,187

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

4,358

9,635

Amounts due to clients

11,829

6,724

VAT

8,272

-

Accruals and deferred income

7,567

2,677

Accrued expenses

6,731

-

38,757

19,036

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.21

31.3.20

value:

£

£

2

Ordinary

1

2

2