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Registered number: 6459647

Kynsman Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023

Prepared By:
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY

Kynsman Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
DIRECTORS
Sir D G Richards
D J Richards
SECRETARY
D J Richards
REGISTERED OFFICE
56 Bents Road
Sheffield
S11 9RL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 6459647
ACCOUNTANTS
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY

Kynsman Limited

ACCOUNTS
FOR THEYEARENDED31/03/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Kynsman Limited

BALANCE SHEET AT 31/03/2023
20232022
Notes££
FIXED ASSETS
Tangible assets42,3174,207
CURRENT ASSETS
Stock50,34750,374
Debtors6150,6365,183
Current Asset Investments7140,000140,000
Cash at bank and in hand1,004,0211,175,572
1,345,0041,371,129
CREDITORS: Amounts falling due within one year822,6665,985
NET CURRENT ASSETS1,322,3381,365,144
TOTAL ASSETS LESS CURRENT LIABILITIES1,324,6551,369,351
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account1,324,5551,369,251
SHAREHOLDERS' FUNDS1,324,6551,369,351
For the year ending 31/03/2023 the company was entitled to exemption 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 06/11/2023 and signed on their behalf by
.............................
Sir D G Richards
Director

Kynsman Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsstraight line 20%
Equipmentstraight line 25%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

Kynsman Limited

2. EMPLOYEES
20232022
No.No.
Average number of employees34
3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/04/202230,00030,000
At 31/03/202330,00030,000
Depreciation
At 01/04/202230,00030,000
At 31/03/202330,00030,000
Net Book Amounts
At 31/03/2023--
4. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsEquipmentMotor CarsTotal
£££££
Cost
At 01/04/202250023,6424,37011,18439,696
Additions--208-208
At 31/03/202350023,6424,57811,18439,904
Depreciation
At 01/04/202250022,1653,1329,69235,489
For the year-5811,1443732,098
At 31/03/202350022,7464,27610,06537,587
Net Book Amounts
At 31/03/2023-8963021,1192,317
At 31/03/2022-1,4771,2381,4924,207

Kynsman Limited

5. STOCK 20232022
££
Stock comprises:
Stock50,34750,374
50,34750,374
6. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors97,450586
UK corporation tax-3,114
Other debtors50,000-
Prepayments3,1861,483
150,6365,183
7. CURRENT ASSET INVESTMENTS
20232022
££
Unlisted investments - Other Deposits140,000140,000
140,000140,000
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax511-
VAT12,866434
PAYE control492510
Directors current account1,2142,385
Trade creditors6,8331,936
Accruals750720
22,6665,985

Kynsman Limited

9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
76 Ordinary shares of £1 each7676
24 Class B shares of £1 each2424
100100