Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01falseNo description of principal activity2223true 01064115 2022-04-01 2023-03-31 01064115 2021-04-01 2022-03-31 01064115 2023-03-31 01064115 2022-03-31 01064115 c:Director1 2022-04-01 2023-03-31 01064115 d:Buildings 2022-04-01 2023-03-31 01064115 d:Buildings 2023-03-31 01064115 d:Buildings 2022-03-31 01064115 d:Buildings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01064115 d:Buildings d:ShortLeaseholdAssets 2022-04-01 2023-03-31 01064115 d:PlantMachinery 2022-04-01 2023-03-31 01064115 d:PlantMachinery 2023-03-31 01064115 d:PlantMachinery 2022-03-31 01064115 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01064115 d:MotorVehicles 2022-04-01 2023-03-31 01064115 d:MotorVehicles 2023-03-31 01064115 d:MotorVehicles 2022-03-31 01064115 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01064115 d:OfficeEquipment 2022-04-01 2023-03-31 01064115 d:OfficeEquipment 2023-03-31 01064115 d:OfficeEquipment 2022-03-31 01064115 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01064115 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01064115 d:CurrentFinancialInstruments 2023-03-31 01064115 d:CurrentFinancialInstruments 2022-03-31 01064115 d:Non-currentFinancialInstruments 2023-03-31 01064115 d:Non-currentFinancialInstruments 2022-03-31 01064115 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01064115 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 01064115 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 01064115 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 01064115 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 01064115 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 01064115 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 01064115 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 01064115 d:ShareCapital 2023-03-31 01064115 d:ShareCapital 2022-03-31 01064115 d:CapitalRedemptionReserve 2023-03-31 01064115 d:CapitalRedemptionReserve 2022-03-31 01064115 d:RetainedEarningsAccumulatedLosses 2023-03-31 01064115 d:RetainedEarningsAccumulatedLosses 2022-03-31 01064115 c:OrdinaryShareClass1 2022-04-01 2023-03-31 01064115 c:OrdinaryShareClass1 2023-03-31 01064115 c:OrdinaryShareClass1 2022-03-31 01064115 c:OrdinaryShareClass2 2022-04-01 2023-03-31 01064115 c:OrdinaryShareClass2 2023-03-31 01064115 c:OrdinaryShareClass2 2022-03-31 01064115 c:OrdinaryShareClass3 2022-04-01 2023-03-31 01064115 c:OrdinaryShareClass3 2023-03-31 01064115 c:OrdinaryShareClass3 2022-03-31 01064115 c:FRS102 2022-04-01 2023-03-31 01064115 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 01064115 c:FullAccounts 2022-04-01 2023-03-31 01064115 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 01064115 2 2022-04-01 2023-03-31 01064115 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 01064115 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-03-31 01064115 d:LeasedAssetsHeldAsLessee 2023-03-31 01064115 d:LeasedAssetsHeldAsLessee 2022-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 01064115














KENHIRE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2023

 
KENHIRE LIMITED
REGISTERED NUMBER: 01064115

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
                                                                      Note

Fixed assets
  

Tangible assets
 4 
1,748,403
1,528,031

Current assets
  

Stocks
  
11,027
19,882

Debtors: amounts falling due within one year
 5 
153,562
114,853

Cash at bank and in hand
  
64,903
8,754

  
229,492
143,489

Creditors: amounts falling due within one year
 6 
(1,089,455)
(1,081,992)

Net current liabilities
  
 
 
(859,963)
 
 
(938,503)

Total assets less current liabilities
  
888,440
589,528

Creditors: amounts falling due after more than one year
 7 
(388,908)
(90,955)

  

Net assets
  
£499,532
£498,573


Capital and reserves
  

Called up share capital 
 9 
8,160
8,160

Capital redemption reserve
  
3,840
3,840

Profit and loss account
  
487,532
486,573

  
£499,532
£498,573


Page 1

 
KENHIRE LIMITED
REGISTERED NUMBER: 01064115

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 November 2023.



___________________________
Mr P R Kennedy
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
KENHIRE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Kenhire Limited is a private company, limited by shares, incorporated in England and Wales. 
The registered number is 01064115.  
The registered office of the company is Henwood, Ashford, Kent, TN24 8DH.
The principle place of business of the company is Henwood Industrial Estate, Ashford, Kent, TN24 8DX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the performance model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss when the grant proceeds are recieved or receivable.

Page 3

 
KENHIRE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated
Freehold improvements
-
5% Reducing balance
Plant and machinery
-
20% Reducing balance
Motor vehicles
-
20% Reducing balance
Office equipment
-
25% and 20% Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
KENHIRE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 22 (2022 - 23).

Page 5

 
KENHIRE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Office equipment
Total



Cost or valuation


At 1 April 2022
292,710
296,732
2,186,678
66,327
2,842,447


Additions
-
7,650
753,121
1,996
762,767


Disposals
-
(3,417)
(396,662)
-
(400,079)



At 31 March 2023

292,710
300,965
2,543,137
68,323
3,205,135



Depreciation


At 1 April 2022
153,655
264,361
836,012
60,388
1,314,416


Charge for the year on owned assets
4,629
6,823
330,065
1,357
342,874


Disposals
-
(1,973)
(198,585)
-
(200,558)



At 31 March 2023

158,284
269,211
967,492
61,745
1,456,732



Net book value



At 31 March 2023
£134,426
£31,754
£1,575,645
£6,578
£1,748,403



At 31 March 2022
£139,055
£32,371
£1,350,666
£5,939
£1,528,031

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022



Motor vehicles
946,729
860,770

£946,729
£860,770

Page 6

 
KENHIRE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022


Trade debtors
118,271
102,016

Prepayments and accrued income
35,291
12,837

£153,562
£114,853



6.


Creditors: Amounts falling due within one year

2023
2022

Other loans
50,024
81,879

Trade creditors
154,945
95,815

Other taxation and social security
42,108
81,735

Obligations under finance lease and hire purchase contracts
386,005
443,124

Other creditors
74,924
37,949

Accruals and deferred income
381,449
341,490

£1,089,455
£1,081,992


The following liabilities were secured:

2023
2022



Obligations under finance lease and hire purchase contracts
364,893
443,124

364,893
443,124

Details of security provided:

Obligations under finance leases and hire purchase contracts are secured on the assets concerned, by a fixed and floating charge.

Page 7

 
KENHIRE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022

Other loans
4,117
57,096

Net obligations under finance leases and hire purchase contracts
384,791
33,859

£388,908
£90,955


The following liabilities were secured:

2023
2022



Obligations under finance leases and hire purchase contracts
384,791
33,859

384,791
33,859

Details of security provided:

Obligations under finance leases and hire purchase contracts are secured on the assets concerned, by a fixed and floating charge.


8.


Loans


Analysis of the maturity of loans is given below:


2023
2022

Amounts falling due within one year

Other loans
50,024
81,879


50,024
81,879

Amounts falling due 1-2 years

Other loans
4,117
52,429


4,117
52,429

Amounts falling due 2-5 years

Other loans
-
4,666


-
4,666


£54,141
£138,974



9.


Share capital

2023
2022
Page 8

 
KENHIRE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.Share capital (continued)

Allotted, called up and fully paid



3,060 (2022 - 3,060) Ordinary shares of £1.00 each
3,060
3,060
3,060 (2022 - 3,060) Ordinary "A" shares of £1.00 each
3,060
3,060
2,040 (2022 - 2,040) Ordinary "B" shares of £1.00 each
2,040
2,040

£8,160

£8,160



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £19,734 (2022 - £39,865). Contributions totalling £2,244 (2022 - £1,971) were payable to the fund at the balance sheet date and are included in creditors.

Page 9