Kingston Holding Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 07525345 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2023

for

Kingston Holding Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

T Morgan

REGISTERED OFFICE:

4-6 Swaby's Yard

Walkergate

Beverley

HU17 9BZ

REGISTERED NUMBER:

07525345 (England and Wales)

ACCOUNTANTS:

ESR Professionals Limted

Suite B

The Hall

Lairgate

Beverley

East Yorkshire

HU17 8HL

FIXED ASSETS

Tangible assets

4

132,106

35,630

CURRENT ASSETS

Stocks

-

530,978

Debtors

5

7,218

148,221

Cash at bank and in hand

271,851

6,477

279,069

685,676

CREDITORS

Amounts falling due within one year

6

110,629

650,905

NET CURRENT ASSETS

168,440

34,771

TOTAL ASSETS LESS CURRENT LIABILITIES

300,546

70,401

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

8

300,545

70,400

SHAREHOLDERS' FUNDS

300,546

70,401

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 and authorised for issue on 7 June 2023 and were signed by:

T Morgan - Director

1.	STATUTORY INFORMATION

Kingston Holding 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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 March 2022

35,630

Additions

96,476

At 28 February 2023

132,106

NET BOOK VALUE

At 28 February 2023

132,106

At 28 February 2022

35,630

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.23

28.2.22

£

£

Amounts owed by group undertakings

-

141,771

Other debtors

5,000

5,000

VAT

2,217

1,449

Called up share capital not paid

1

1

7,218

148,221

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.23

28.2.22

£

£

Other loans

-

650,000

Amounts owed to group undertakings

66,265

-

Tax

44,364

905

110,629

650,905

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.23

28.2.22

value:

£

£

1

Ordinary

£1

1

1

8.

RESERVES

Retained

earnings

£

At 1 March 2022

70,400

Profit for the year

250,145

Dividends

(20,000

)

At 28 February 2023

300,545

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T Morgan.