KINGSWAY HOMES LTD


2022-06-012023-05-312023-05-31false09018266KINGSWAY HOMES 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KINGSWAY HOMES LTD

Registered Number
09018266
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2023

KINGSWAY HOMES LTD
Company Information
for the year from 1 June 2022 to 31 May 2023

Director

ROUF, Belal

Registered Address

Excel House
3 Duke Street
Bedford
MK40 3HR

Registered Number

09018266 (England and Wales)
KINGSWAY HOMES LTD
Balance Sheet as at
31 May 2023

Notes

2023

2022

£

£

£

£

Current assets
Debtors3,231,7563,544,596
Cash at bank and on hand55877,512
3,232,3143,622,108
Creditors amounts falling due within one year4(238,623)(223,424)
Net current assets (liabilities)2,993,6913,398,684
Total assets less current liabilities2,993,6913,398,684
Creditors amounts falling due after one year5(8,140,362)(7,465,650)
Net assets(5,146,671)(4,066,966)
Capital and reserves
Called up share capital1,0001,000
Profit and loss account(5,147,671)(4,067,966)
Shareholders' funds(5,146,671)(4,066,966)
  • The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
  • The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The financial statements were approved and authorised for issue by the Director on 23 May 2024, and are signed on its behalf by:
ROUF, Belal
Director
Registered Company No. 09018266
KINGSWAY HOMES LTD
Notes to the Financial Statements
for the year ended 31 May 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
2.Average number of employees

20232022
Average number of employees during the year44
3.Tangible fixed assets
4.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables91,829-
Bank borrowings and overdrafts51,250100,000
Taxation and social security91,819119,699
Accrued liabilities and deferred income3,7253,725
Total238,623223,424
5.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts8,140,3627,266,360
Amounts owed to related parties-199,290
Total8,140,3627,465,650