Kingsbridge Creek Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 13794276 (England and Wales)

Financial Statements

for the Period

10 December 2021 to 31 December 2022

for

KINGSBRIDGE CREEK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C D Page

A M Paine

REGISTERED OFFICE:

23 Brunel Way

Fareham

Hampshire

PO15 5SD

REGISTERED NUMBER:

13794276 (England and Wales)

ACCOUNTANTS:

Hunter Simmons Ltd

EMP Building

Unit 1, 4 Solent Road

Havant

Portsmouth

Hampshire

PO9 1JH

FIXED ASSETS

Tangible assets

4

806

CURRENT ASSETS

Debtors

5

13,995

Cash at bank

12,378

26,373

CREDITORS

Amounts falling due within one year

6

9,829

NET CURRENT ASSETS

16,544

TOTAL ASSETS LESS CURRENT LIABILITIES

17,350

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

17,250

17,350

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2022 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 21 August 2023 and were signed on its behalf by:

A M Paine - Director

1.	STATUTORY INFORMATION

Kingsbridge Creek 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.	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 etc

-

25% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

1,075

At 31 December 2022

1,075

DEPRECIATION

Charge for period

269

At 31 December 2022

269

NET BOOK VALUE

At 31 December 2022

806

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

13,895

Other debtors

100

13,995

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

1,064

Taxation and social security

4,577

Other creditors

4,188

9,829