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REGISTERED NUMBER: 03597703 (England and Wales)















Unaudited Financial Statements

for the Period 1 September 2022 to 31 March 2023

for

Ken Wildsmith Limited
T/A
Sign Here

Ken Wildsmith Limited (Registered number: 03597703)
T/A Sign Here






Contents of the Financial Statements
for the Period 1 September 2022 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ken Wildsmith Limited
T/A Sign Here

Company Information
for the Period 1 September 2022 to 31 March 2023







DIRECTORS: Mr P D Bisiker
Mr R P Gardner





REGISTERED OFFICE: 179 Fosse Road North
Leicester
LE3 5EZ





REGISTERED NUMBER: 03597703 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Ken Wildsmith Limited (Registered number: 03597703)
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Balance Sheet
31 March 2023

31.3.23 31.8.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 53,262 65,135

CURRENT ASSETS
Stocks 30,000 30,000
Debtors 5 99,579 99,993
Cash at bank and in hand 230,665 166,758
360,244 296,751
CREDITORS
Amounts falling due within one year 6 (186,053 ) (108,956 )
NET CURRENT ASSETS 174,191 187,795
TOTAL ASSETS LESS CURRENT
LIABILITIES

227,453

252,930

CREDITORS
Amounts falling due after more than one
year

7

(28,773

)

(34,167

)

PROVISIONS FOR LIABILITIES (5,425 ) (9,240 )
NET ASSETS 193,255 209,523

CAPITAL AND RESERVES
Called up share capital 20 20
Capital redemption reserve 80 80
Retained earnings 193,155 209,423
SHAREHOLDERS' FUNDS 193,255 209,523

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 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.

Ken Wildsmith Limited (Registered number: 03597703)
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Balance Sheet - continued
31 March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2023 and were signed on its behalf by:




Mr R P Gardner - Director



Mr P D Bisiker - Director


Ken Wildsmith Limited (Registered number: 03597703)
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Notes to the Financial Statements
for the Period 1 September 2022 to 31 March 2023

1. STATUTORY INFORMATION

Ken Wildsmith 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.

The accounting period has been shortened from 31 August 2023 to 31 March 2023 for commercial reasons. The comparatives are for a twelve month period and are therefore not entirely comparable to the current seven month period.

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 - 20% on cost and 15% on reducing balance
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are measured at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Ken Wildsmith Limited (Registered number: 03597703)
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Notes to the Financial Statements - continued
for the Period 1 September 2022 to 31 March 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2022
and 31 March 2023 359,827 1,513 30,485 30,699 422,524
DEPRECIATION
At 1 September 2022 311,495 1,373 16,392 28,129 357,389
Charge for period 8,583 51 2,055 1,184 11,873
At 31 March 2023 320,078 1,424 18,447 29,313 369,262
NET BOOK VALUE
At 31 March 2023 39,749 89 12,038 1,386 53,262
At 31 August 2022 48,332 140 14,093 2,570 65,135


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.8.22
£    £   
Trade debtors 92,942 89,914
Other debtors 6,637 10,079
99,579 99,993

Other debtors includes prepayments and accrued income of £6,637 (2022 £10,039).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.8.22
£    £   
Bank loans and overdrafts 9,561 10,000
Trade creditors 29,781 45,847
Taxation and social security 51,077 43,379
Other creditors 95,634 9,730
186,053 108,956

Other creditors includes accruals and deferred income of £4,800 (2022: £7,706).

Ken Wildsmith Limited (Registered number: 03597703)
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Notes to the Financial Statements - continued
for the Period 1 September 2022 to 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.8.22
£    £   
Bank loans 28,773 34,167

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.8.22
£    £   
Bank loans 38,334 44,167

The bank loan is secured over the assets of the company.

9. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £102,355 (2022: £9,285).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 March 2023 and the year ended 31 August 2022:

31.3.23 31.8.22
£    £   
Mr P D Bisiker
Balance outstanding at start of period - -
Amounts advanced 5,792 -
Amounts repaid (5,792 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - -

Mr R P Gardner
Balance outstanding at start of period - -
Amounts advanced 6,512 -
Amounts repaid (6,512 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - -