1 March 2022 v2023.23.2 limited_company_frs_102_section_1a_v1_1_0 companies_houseSoftwarefalsetruetruetrueNo description of principal activitytruexbrli:purexbrli:sharesiso4217:GBP100285072022-03-012023-03-31100285072023-03-31100285072022-02-2810028507core:WithinOneYear2023-03-3110028507core:WithinOneYear2022-02-2810028507core:ShareCapital2023-03-3110028507core:ShareCapital2022-02-2810028507core:RetainedEarningsAccumulatedLosses2023-03-3110028507core:RetainedEarningsAccumulatedLosses2022-02-2810028507bus:Director12022-03-012023-03-3110028507bus:RegisteredOffice2022-03-012023-03-3110028507core:PlantMachinery2022-03-012023-03-31100285072021-03-012022-02-2810028507core:PlantMachinery2022-03-0110028507core:PlantMachinery2023-03-3110028507core:PlantMachinery2022-02-281002850712022-03-012023-03-3110028507countries:EnglandWales2022-03-012023-03-3110028507bus:AuditExemptWithAccountantsReport2022-03-012023-03-3110028507bus:PrivateLimitedCompanyLtd2022-03-012023-03-3110028507bus:SmallEntities2022-03-012023-03-3110028507bus:FullAccounts2022-03-012023-03-31
Company registration number:
10028507
Kensington Clarke Ltd
Unaudited Filleted Financial Statements for the period ended
31 March 2023
Kensington Clarke Ltd
Statement of Financial Position
31 March 2023
31 Mar 202328 Feb 2022
Note££
Fixed assets    
Tangible assets 5
2,453
 
1,647
 
Current assets    
Debtors 6
2,623
 
2,160
 
Cash at bank and in hand
5,479
 
4,686
 
8,102
 
6,846
 
Creditors: amounts falling due within one year 7
(9,978
)
(7,206
)
Net current liabilities
(1,876
)
(360
)
Total assets less current liabilities 577   1,287  
Provisions for liabilities
(466
)
(313
)
Net assets
111
 
974
 
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
110
 
973
 
Shareholders funds
111
 
974
 
For the period ending
31 March 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
18 October 2023
, and are signed on behalf of the board by:
Mr C A Hastings
Director
Company registration number:
10028507
Kensington Clarke Ltd
Notes to the Financial Statements
Period ended
31 March 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
75 Haven Avenue
,
Grimsby
,
North East Lincolnshire
,
DN31 2PA
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
25% straight line

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

4 Average number of employees

The average number of persons employed by the company during the period was
1
(2022:
1
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 March 2022
7,127
 
Additions
2,678
 
At
31 March 2023
9,805
 
Depreciation  
At
1 March 2022
5,480
 
Charge
1,872
 
At
31 March 2023
7,352
 
Carrying amount  
At
31 March 2023
2,453
 
At 28 February 2022
1,647
 

6 Debtors

31 Mar 202328 Feb 2022
££
Trade debtors -  
2,160
 
Other debtors
2,623
  -  
2,623
 
2,160
 

7 Creditors: amounts falling due within one year

31 Mar 202328 Feb 2022
££
Taxation and social security
8,838
 
5,878
 
Other creditors
1,140
 
1,328
 
9,978
 
7,206
 

8 Director's advances, credit and guarantees

During the period, the company made interest-free advances to the director amounting to £2,623 (2022: £Nil). These were repayable on demand.