Company Registration No. 4731185 (England and Wales)
Kirkley Limited
Unaudited accounts for filing with The Registrar
for the year ended 31 December 2022
Kirkley Limited
Unaudited accounts for filing with The Registrar
Contents
Kirkley Limited
Company Information
for the year ended 31 December 2022
Directors
Mr B Twitchell
Mrs J Twitchell
Company Number
4731185 (England and Wales)
Registered Office
2 Fishpool Street
St Albans
Herts
AL3 4RT
Accountants
Andrew Yaras & Co.
2 Fishpool Street
St Albans
Herts
AL3 4RT
Kirkley Limited
Statement of financial position
as at 31 December 2022
Tangible assets
1,115,468
1,126,862
Cash at bank and in hand
323,265
287,206
Creditors: amounts falling due within one year
(53,434)
(42,009)
Net current assets
291,804
252,566
Total assets less current liabilities
1,407,272
1,379,428
Creditors: amounts falling due after more than one year
(1,200,971)
(1,223,830)
Net assets
206,301
155,598
Called up share capital
200
200
Profit and loss account
206,101
155,398
Shareholders' funds
206,301
155,598
For the year ending 31 December 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 28 September 2023 and were signed on its behalf by
Mrs J Twitchell
Director
Company Registration No. 4731185
Kirkley Limited
Notes to the Accounts
for the year ended 31 December 2022
Kirkley Limited is a private company, limited by shares, registered in England and Wales, registration number 4731185. The registered office is 2 Fishpool Street, St Albans, Herts, AL3 4RT.
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.
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.
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.
Government support grants are recognised in the accounts in other income on a systematic basis in the period that the relief relates to.
Taxation represents the sum of tax currently payable. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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.
No depreciation is provided on freehold property. The amount involved is considered to be immaterial given that the life of the property is expected to be greater than fifty years.
Plant & machinery
5-15% on cost
Fixtures & fittings
10-15% on cost
Computer equipment
33.33% on cost
Trade and other debtors are recognised at the transaction value, less any impairment.
Kirkley Limited
Notes to the Accounts
for the year ended 31 December 2022
Trade creditors are recognised at their transaction value. Other creditors are included at fair value.
4
Tangible fixed assets
Total
At 1 January 2022
1,505,876
At 31 December 2022
1,505,876
Charge for the year
11,394
At 31 December 2022
390,408
At 31 December 2022
1,115,468
At 31 December 2021
1,126,862
5
Transactions with related parties
At 31 December 2022 there were loans to directors totalling £19,581 (2021: £26,661). The loans are interest free and repayable on demand.
6
Average number of employees
During the year the average number of employees was 32 (2021: 21).