IRIS Accounts Production v22.1.0.628 10657107 director 1.4.21 31.3.22 31.3.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure106571072021-03-31106571072022-03-31106571072021-04-012022-03-31106571072020-03-31106571072020-04-012021-03-31106571072021-03-3110657107ns16:EnglandWales2021-04-012022-03-3110657107ns15:PoundSterling2021-04-012022-03-3110657107ns11:Director12021-04-012022-03-3110657107ns11:PrivateLimitedCompanyLtd2021-04-012022-03-3110657107ns11:SmallEntities2021-04-012022-03-3110657107ns11:AuditExempt-NoAccountantsReport2021-04-012022-03-3110657107ns11:SmallCompaniesRegimeForDirectorsReport2021-04-012022-03-3110657107ns11:SmallCompaniesRegimeForAccounts2021-04-012022-03-3110657107ns11:FullAccounts2021-04-012022-03-3110657107ns11:CompanySecretary12021-04-012022-03-3110657107ns11:RegisteredOffice2021-04-012022-03-3110657107ns6:CurrentFinancialInstruments2022-03-3110657107ns6:CurrentFinancialInstruments2021-03-3110657107ns6:Non-currentFinancialInstruments2022-03-3110657107ns6:Non-currentFinancialInstruments2021-03-3110657107ns6:ShareCapital2022-03-3110657107ns6:ShareCapital2021-03-3110657107ns6:RetainedEarningsAccumulatedLosses2022-03-3110657107ns6:RetainedEarningsAccumulatedLosses2021-03-3110657107ns6:PlantMachinery2021-03-3110657107ns6:PlantMachinery2021-04-012022-03-3110657107ns6:PlantMachinery2022-03-3110657107ns6:PlantMachinery2021-03-3110657107ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3110657107ns6:WithinOneYearns6:CurrentFinancialInstruments2021-03-31
REGISTERED NUMBER: 10657107 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Paul Kennedy Associates Limited

Paul Kennedy Associates Limited (Registered number: 10657107)

Contents of the Financial Statements
for the Year Ended 31 March 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Paul Kennedy Associates Limited

Company Information
for the Year Ended 31 March 2022







DIRECTOR: P Kennedy





SECRETARY:





REGISTERED OFFICE: Avocet
Main Street
Thornton Le Moor
Northallerton
North Yorkshire
DL7 9DN





REGISTERED NUMBER: 10657107 (England and Wales)





ACCOUNTANTS: Streamline Accountants Limited
Chartered Accountants
5 Battalion Court
Colburn Business Park
Catterick Garrison
North Yorkshire
DL9 4QN

Paul Kennedy Associates Limited (Registered number: 10657107)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 50,984 38,223

CURRENT ASSETS
Debtors 5 8,717 5,728
Cash at bank 4,194 57,734
12,911 63,462
CREDITORS
Amounts falling due within one year 6 26,218 26,100
NET CURRENT (LIABILITIES)/ASSETS (13,307 ) 37,362
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,677

75,585

CREDITORS
Amounts falling due after more than one
year

7

26,583

29,000
NET ASSETS 11,094 46,585

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 11,093 46,584
11,094 46,585

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 2 September 2022 and were signed by:





P Kennedy - Director


Paul Kennedy Associates Limited (Registered number: 10657107)

Notes to the Financial Statements
for the Year Ended 31 March 2022


1. STATUTORY INFORMATION

Paul Kennedy Associates 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
Revenue 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.

Taxation
Taxation for the year 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 year 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 year was 2 (2021 - 2 ) .

Paul Kennedy Associates Limited (Registered number: 10657107)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022


4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2021 54,446
Additions 61,911
Disposals (42,875 )
At 31 March 2022 73,482
DEPRECIATION
At 1 April 2021 16,223
Charge for year 16,993
Eliminated on disposal (10,718 )
At 31 March 2022 22,498
NET BOOK VALUE
At 31 March 2022 50,984
At 31 March 2021 38,223

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 7,560 5,400
Other debtors 1,157 328
8,717 5,728

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade creditors 3 10
Taxation and social security 12,660 12,705
Other creditors 13,555 13,385
26,218 26,100

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans 26,583 29,000

8. ULTIMATE CONTROLLING PARTY

The controlling party is P Kennedy.

The ultimate controlling party is P Kennedy.

The ultimate controlling party is the director.