Kingsworthy Construction (P) Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 04682628 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

KINGSWORTHY CONSTRUCTION (PORTSMOUTH)

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G J Jupe

Mrs R Jupe

SECRETARY:

Mrs R Jupe

REGISTERED OFFICE:

6 Wallis Gardens

Waterlooville

Hampshire

PO7 7SA

REGISTERED NUMBER:

04682628 (England and Wales)

ACCOUNTANTS:

AMR Bookkeeping & Accounts Limited

4 Spur Road

Cosham

PORTSMOUTH

Hampshire

PO6 3EB

FIXED ASSETS

Tangible assets

4

407

509

CURRENT ASSETS

Debtors

5

15,811

30,448

Cash at bank

97

20,815

15,908

51,263

CREDITORS

Amounts falling due within one year

6

16,215

47,394

NET CURRENT (LIABILITIES)/ASSETS

(307

)

3,869

TOTAL ASSETS LESS CURRENT LIABILITIES

100

4,378

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

-

4,278

SHAREHOLDERS' FUNDS

100

4,378

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 8 March 2024 and were signed on its behalf by:

Mr G J Jupe - Director

1.	STATUTORY INFORMATION

Kingsworthy Construction (Portsmouth) 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.

Plant and machinery

-

20% on reducing balance

Tooling and development

-

20% on reducing balance

Office Equipment

-

20% on reducing balance

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Tooling

Plant and

and

Office

machinery

development

Equipment

Totals

£

£

£

£

COST

At 1 January 2023

and 31 December 2023

250

120

1,644

2,014

DEPRECIATION

At 1 January 2023

168

100

1,237

1,505

Charge for year

16

4

82

102

At 31 December 2023

184

104

1,319

1,607

NET BOOK VALUE

At 31 December 2023

66

16

325

407

At 31 December 2022

82

20

407

509

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.23

31.12.22

£

£

Trade debtors

-

9,948

Directors' current accounts

15,811

20,500

15,811

30,448

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.23

31.12.22

£

£

Bank loans and overdrafts

14,706

17,353

Trade creditors

1

1

Tax

524

18,042

Social security and other taxes

-

153

VAT

-

11,363

Accrued expenses

984

482

16,215

47,394