Kingston Bi Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 11908478 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

KINGSTON BI LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M J Kingston

Ms E F Kinsgton

REGISTERED OFFICE:

JSA Services Ltd

4th Floor - Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

REGISTERED NUMBER:

11908478 (England and Wales)

ACCOUNTANTS:

JSA Services Limited

4th Floor

Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

FIXED ASSETS

Tangible assets

5

1,511

234

CURRENT ASSETS

Debtors

6

12,371

14,400

Cash at bank

13,150

100,974

25,521

115,374

CREDITORS

Amounts falling due within one year

7

(17,979

)

(102,231

)

NET CURRENT ASSETS

7,542

13,143

TOTAL ASSETS LESS CURRENT LIABILITIES

9,053

13,377

CAPITAL AND RESERVES

Called up share capital

8

10

10

Retained earnings

9,043

13,367

SHAREHOLDERS' FUNDS

9,053

13,377

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 4 August 2023 and were signed on its behalf by:

Mr M J Kingston - Director

1.	Statutory information

Kingston Bi Ltd 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.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

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

Computer equipment

-

33% on cost

4.	Employees and directors

The average number of employees during the year was 1 (2022 - 2 ) .

5.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2022

287

1,507

1,794

Additions

-

2,266

2,266

At 31 March 2023

287

3,773

4,060

DEPRECIATION

At 1 April 2022

191

1,369

1,560

Charge for year

96

893

989

At 31 March 2023

287

2,262

2,549

NET BOOK VALUE

At 31 March 2023

-

1,511

1,511

At 31 March 2022

96

138

234

6.

Debtors: amounts falling due within one year

2023

2022

£

£

Tax

1,479

-

VAT

3,417

-

Prepayments and accrued income

7,475

14,400

12,371

14,400

7.

Creditors: amounts falling due within one year

2023

2022

£

£

Corporation Tax

-

39,569

VAT

-

6,799

Directors' current accounts

17,844

55,713

Accruals and deferred income

135

150

17,979

102,231

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

10

Ordinary

£1

10

10

9.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023

2022

£

£

Mr M J Kingston

Balance outstanding at start of year

(29,505

)

(20,405

)

Amounts advanced

20,623

-

Amounts repaid

(3,654

)

(9,100

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(12,536

)

(29,505

)

Ms E F Kinsgton

Balance outstanding at start of year

(26,208

)

(17,420

)

Amounts advanced

30,000

-

Amounts repaid

(9,100

)

(8,788

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(5,308

)

(26,208

)