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REGISTERED NUMBER: 03062986 (England and Wales)














Financial Statements

for the Year Ended 31 January 2023

for

Kenyon Fraser Limited

Kenyon Fraser Limited (Registered number: 03062986)

Contents of the Financial Statements
for the Year Ended 31 January 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kenyon Fraser Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: R T Kenyon
Ms R Kenyon





REGISTERED OFFICE: 46 Rodney Street
Liverpool
Merseyside
L1 9AA





REGISTERED NUMBER: 03062986 (England and Wales)





ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2-8 Oriel Road
Bootle
Liverpool
Merseyside
L20 7EP

Kenyon Fraser Limited (Registered number: 03062986)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 53,397 59,014
53,397 59,014

CURRENT ASSETS
Debtors 6 294,173 428,265
Cash at bank 88,091 41,157
382,264 469,422
CREDITORS
Amounts falling due within one year 7 191,867 212,582
NET CURRENT ASSETS 190,397 256,840
TOTAL ASSETS LESS CURRENT LIABILITIES 243,794 315,854

CREDITORS
Amounts falling due after more than one year 8 (47,420 ) (72,087 )

PROVISIONS FOR LIABILITIES (3,487 ) (3,393 )
NET ASSETS 192,887 240,374

CAPITAL AND RESERVES
Called up share capital 10 3,182 3,182
Retained earnings 189,705 237,192
SHAREHOLDERS' FUNDS 192,887 240,374

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

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

Kenyon Fraser Limited (Registered number: 03062986)

Balance Sheet - continued
31 January 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 16 October 2023 and were signed on its behalf by:





R T Kenyon - Director


Kenyon Fraser Limited (Registered number: 03062986)

Notes to the Financial Statements
for the Year Ended 31 January 2023


1. STATUTORY INFORMATION

Kenyon Fraser 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
Turnover represents the fair value of services provided under contracts with customers to the extent that there is a right to consideration. It is measured at the fair value of the consideration due. Where a service is incomplete at the year end, turnover represents the value of the service provided to that date based upon an appropriate proportion of the total expected consideration at completion.

Invoices are not raised until a contract is complete so the value of incomplete services is included as amounts recoverable on contracts in the balance sheet.

Goodwill
Goodwill, being the amounts paid in connection with the acquisition of businesses in 2013 & 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Fixtures, fittings & office equipment - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year 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 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.

Kenyon Fraser Limited (Registered number: 03062986)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 63,150
AMORTISATION
At 1 February 2022
and 31 January 2023 63,150
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures,
Improvements fittings
to & office Motor Computer
property equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2022 49,671 43,767 6,215 58,121 157,774
Additions - 857 - 1,958 2,815
At 31 January 2023 49,671 44,624 6,215 60,079 160,589
DEPRECIATION
At 1 February 2022 8,515 32,118 6,215 51,912 98,760
Charge for year 818 4,132 - 3,482 8,432
At 31 January 2023 9,333 36,250 6,215 55,394 107,192
NET BOOK VALUE
At 31 January 2023 40,338 8,374 - 4,685 53,397
At 31 January 2022 41,156 11,649 - 6,209 59,014

Kenyon Fraser Limited (Registered number: 03062986)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 98,915 247,709
Amounts owed by group undertakings 114,553 119,953
Other debtors 39,481 29,994
Pension fund loan - 5,308
Directors' current accounts 27,131 22,792
Tax 9,851 -
Prepayments 4,242 2,509
294,173 428,265

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 10,562 10,309
Other loans 12,077 10,098
Trade creditors 73,278 42,213
Corporation taxation 244 25,361
Social security and other taxes 9,769 8,852
VAT 29,362 43,297
Other creditors 11,155 18,154
Accrued expenses 45,420 54,298
191,867 212,582

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans - 1-2 years 11,166 10,729
Bank loans - 2-5 years 11,130 22,296
Other loans - 1-2 years 13,197 10,098
Other loans - 2-5 years 11,927 28,964
47,420 72,087

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Bank loans 32,858 43,334

Bank borrowings are secured by a fixed and floating charge over the assets of the company.

Kenyon Fraser Limited (Registered number: 03062986)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
3,182 Ordinary £1 3,182 3,182

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
R T Kenyon
Balance outstanding at start of year 22,792 5,207
Amounts advanced 27,000 22,785
Amounts repaid (26,511 ) (5,200 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,281 22,792

Ms R Kenyon
Balance outstanding at start of year - -
Amounts advanced 4,000 -
Amounts repaid (150 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,850 -