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REGISTERED NUMBER: 06279428 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2021

for

Kennedy's Turf Ltd

Kennedy's Turf Ltd (Registered number: 06279428)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kennedy's Turf Ltd

Company Information
for the Year Ended 31 December 2021







DIRECTORS: S D Scott
Mrs C Kennedy





REGISTERED OFFICE: 10 Guide Street
Salford
M50 1BX





REGISTERED NUMBER: 06279428 (England and Wales)





ACCOUNTANTS: Emmerson Accountancy Ltd
Atlantic Business Centre
Atlantic Street
Altrincham
Cheshire
WA14 5NQ

Kennedy's Turf Ltd (Registered number: 06279428)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,244 49,797

CURRENT ASSETS
Stocks 8,212 11,129
Debtors 5 5,386 10,971
Cash at bank - 15,945
13,598 38,045
CREDITORS
Amounts falling due within one year 6 45,007 25,037
NET CURRENT (LIABILITIES)/ASSETS (31,409 ) 13,008
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,835

62,805

CREDITORS
Amounts falling due after more than one year 7 (47,206 ) (50,000 )

PROVISIONS FOR LIABILITIES (3,158 ) (10,272 )
NET (LIABILITIES)/ASSETS (42,529 ) 2,533

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (42,629 ) 2,433
SHAREHOLDERS' FUNDS (42,529 ) 2,533

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

Kennedy's Turf Ltd (Registered number: 06279428)

Balance Sheet - continued
31 December 2021


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 14 April 2022 and were signed on its behalf by:




S D Scott - Director



Mrs C Kennedy - Director


Kennedy's Turf Ltd (Registered number: 06279428)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Kennedy's Turf 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Kennedy's Turf Ltd (Registered number: 06279428)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2020 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2021 51,687 648 141,515 3,402 197,252
Additions - - - 500 500
At 31 December 2021 51,687 648 141,515 3,902 197,752
DEPRECIATION
At 1 January 2021 36,924 198 108,973 1,360 147,455
Charge for year 2,214 68 8,136 635 11,053
At 31 December 2021 39,138 266 117,109 1,995 158,508
NET BOOK VALUE
At 31 December 2021 12,549 382 24,406 1,907 39,244
At 31 December 2020 14,763 450 32,542 2,042 49,797

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 1,350 5,435
Directors' current accounts 4,036 4,036
Prepayments - 1,500
5,386 10,971

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 30,550 -
Trade creditors 8,518 6,473
Tax (3,456 ) 3,456
Social security and other taxes 2,979 2,777
VAT 4,876 10,791
Other creditors 40 40
Accrued expenses 1,500 1,500
45,007 25,037

Kennedy's Turf Ltd (Registered number: 06279428)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.21 31.12.20
£    £   
Other loans - 1-2 years 47,206 50,000

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 January 2021 2,433
Deficit for the year (45,062 )
At 31 December 2021 (42,629 )