Company Registration No. 06101850 (England and Wales)
Kingscroft Surveying Ltd
Unaudited accounts
for the year ended 30 April 2022
Kingscroft Surveying Ltd
Unaudited accounts
Contents
Kingscroft Surveying Ltd
Company Information
for the year ended 30 April 2022
Company Number
06101850 (England and Wales)
Registered Office
26 Springvale
Gillingham
Kent
ME8 0JG
United Kingdom
Accountants
Rustrick Accountants Limited
380A New Hythe lane
Larkfield
Maidstone
Kent
ME20 6RZ
Kingscroft Surveying Ltd
Statement of financial position
as at
30 April 2022
Cash at bank and in hand
22,602
40,764
Creditors: amounts falling due within one year
(13,859)
(17,657)
Net current assets
14,118
23,107
Total assets less current liabilities
15,134
23,107
Creditors: amounts falling due after more than one year
(13,279)
(20,615)
Called up share capital
1
1
Profit and loss account
1,854
2,491
Shareholders' funds
1,855
2,492
For the year ending 30 April 2022 the company was entitled to exemption from audit 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 September 2022 and were signed on its behalf by
Glen Howard
Director
Company Registration No. 06101850
Kingscroft Surveying Ltd
Notes to the Accounts
for the year ended 30 April 2022
Kingscroft Surveying Ltd is a private company, limited by shares, registered in England and Wales, registration number 06101850. The registered office is 26 Springvale, Gillingham, Kent, ME8 0JG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Reduced Balance method
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Kingscroft Surveying Ltd
Notes to the Accounts
for the year ended 30 April 2022
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Computer equipment
Cost or valuation
At valuation
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
3,939
-
Taxes and social security
7,311
14,538
Loans from directors
57
-
7
Creditors: amounts falling due after more than one year
2022
2021
Loans from directors
-
115
Kingscroft Surveying Ltd
Notes to the Accounts
for the year ended 30 April 2022
8
Share capital
2022
2021
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 2 (2021: 1).