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REGISTERED NUMBER: 02917921 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Kestrel Liner Agencies Limited

Kestrel Liner Agencies Limited (Registered number: 02917921)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kestrel Liner Agencies Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: A P Thorne
R L Platts



REGISTERED OFFICE: Harmile House
54 St Marys Lane
Upminster
Essex
RM14 2QP



REGISTERED NUMBER: 02917921 (England and Wales)



BANKERS: National Westminster Bank Plc
Barking Branch
P O Box 329
32 East Street
Barking
Essex
IG11 8AB

Kestrel Liner Agencies Limited (Registered number: 02917921)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,306,206 826,136
Investments 5 836,881 836,881
2,143,087 1,663,017

CURRENT ASSETS
Debtors 6 4,410,567 7,016,057
Cash at bank and in hand 6,346,260 1,760,107
10,756,827 8,776,164
CREDITORS
Amounts falling due within one year 7 6,422,979 5,707,029
NET CURRENT ASSETS 4,333,848 3,069,135
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,476,935

4,732,152

CREDITORS
Amounts falling due after more than one
year

8

-

(180,000

)

PROVISIONS FOR LIABILITIES (306,000 ) (271,656 )
NET ASSETS 6,170,935 4,280,496

CAPITAL AND RESERVES
Called up share capital 10 33,833 33,833
Capital redemption reserve 30,373 30,373
Investment in own shares (2,807,690 ) (2,807,690 )
Retained earnings 8,914,419 7,023,980
SHAREHOLDERS' FUNDS 6,170,935 4,280,496

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Kestrel Liner Agencies Limited (Registered number: 02917921)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2023 and were signed on its behalf by:





R L Platts - Director


Kestrel Liner Agencies Limited (Registered number: 02917921)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Kestrel Liner Agencies 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
Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from the freight movement is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the location of the consignment.

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 - over the term of the lease
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

FINANCIAL INSTRUMENTS
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Cash and cash equivalents
These comprise cash at bank and any short term highly liquid bank deposits with an original maturity of three month or less.

Debtors
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is evidence that the asset is impaired.

Trade creditors
Trade creditors are not interest bearing and are stated at their nominal value.

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.


Kestrel Liner Agencies Limited (Registered number: 02917921)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued
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.

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 38 (2022 - 37 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 1,610,899
Additions 841,325
Disposals (328,917 )
At 30 April 2023 2,123,307
DEPRECIATION
At 1 May 2022 784,763
Charge for year 200,506
Eliminated on disposal (168,168 )
At 30 April 2023 817,101
NET BOOK VALUE
At 30 April 2023 1,306,206
At 30 April 2022 826,136

Kestrel Liner Agencies Limited (Registered number: 02917921)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2022
and 30 April 2023 836,881
NET BOOK VALUE
At 30 April 2023 836,881
At 30 April 2022 836,881

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 1,877,676 4,730,578
Other debtors 2,532,891 2,285,479
4,410,567 7,016,057

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts - 60,000
Trade creditors 3,448,050 3,223,585
Amounts owed to group undertakings 505,550 343,893
Taxation and social security 415,285 188,964
Other creditors 2,054,094 1,890,587
6,422,979 5,707,029

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans - 180,000

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Bank loans - 240,000

The bank loan is secured by a charge over the company's assets.

Kestrel Liner Agencies Limited (Registered number: 02917921)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
115,675 Ordinary 1p 1,157 1,157
2,946,793 "D" Ordinary 1p 29,468 29,468
320,750 ''B'' Ordinary 1p 3,208 3,208
33,833 33,833

11. OTHER FINANCIAL COMMITMENTS

As at the balance sheet date the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £26,631 (2022 - £43,755).

The lease commitments payable within one year of the balance sheet date amounted to £18,278 (2022: £43,755).

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

30.4.23 30.4.22
£    £   
R L Platts
Balance outstanding at start of year 15,415 15,415
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,415 15,415

The loan which is repayable on demand is subject to interest at a rate of 2.5% per annum.