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REGISTERED NUMBER: 07057982 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Charlesworth Kennedy Ltd

Charlesworth Kennedy Ltd (Registered number: 07057982)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Charlesworth Kennedy Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M Charlesworth
D J Cooper





REGISTERED OFFICE: 12 Moorfield Business Park
Yeadon
West Yorkshire
LS19 7YA





REGISTERED NUMBER: 07057982 (England and Wales)

Charlesworth Kennedy Ltd (Registered number: 07057982)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1,985

CURRENT ASSETS
Debtors 5 266,270 293,847
Cash at bank 10,225 5,843
276,495 299,690
CREDITORS
Amounts falling due within one year 6 186,251 253,210
NET CURRENT ASSETS 90,244 46,480
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,244

48,465

CREDITORS
Amounts falling due after more than one
year

7

23,205

32,500
NET ASSETS 67,039 15,965

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 66,939 15,865
SHAREHOLDERS' FUNDS 67,039 15,965

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

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

Charlesworth Kennedy Ltd (Registered number: 07057982)

Balance Sheet - continued
31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by:




D J Cooper - Director



M Charlesworth - Director


Charlesworth Kennedy Ltd (Registered number: 07057982)

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

1. STATUTORY INFORMATION

Charlesworth Kennedy Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 13 (2022 - 13 ) .

Charlesworth Kennedy Ltd (Registered number: 07057982)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 1,300 2,150 3,450
Disposals (1,300 ) (2,150 ) (3,450 )
At 31 March 2023 - - -
DEPRECIATION
At 1 April 2022 390 1,075 1,465
Eliminated on disposal (390 ) (1,075 ) (1,465 )
At 31 March 2023 - - -
NET BOOK VALUE
At 31 March 2023 - - -
At 31 March 2022 910 1,075 1,985

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 6,134 10,942
Intercompany 251,581 273,328
Directors' current accounts 8,555 9,355
Deferred tax asset - 222
266,270 293,847

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 2,097 2,997
Corporation tax 73,013 82,717
Social security and other taxes 40,956 23,454
VAT 56,191 111,793
Other creditors 2,086 8,719
Directors' current accounts 36 11,836
Accrued expenses 1,872 1,694
186,251 253,210

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 13,205 22,500
23,205 32,500

Charlesworth Kennedy Ltd (Registered number: 07057982)

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

8. RESERVES
Retained
earnings
£   

At 1 April 2022 15,865
Profit for the year 152,307
Dividends (101,233 )
At 31 March 2023 66,939

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.23 31.3.22
£    £   
M Charlesworth
Balance outstanding at start of year 9,355 (645 )
Amounts advanced 49,200 59,400
Amounts repaid (50,000 ) (49,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,555 9,355

D J Cooper
Balance outstanding at start of year (11,836 ) (2,336 )
Amounts advanced 21,600 39,900
Amounts repaid (9,800 ) (49,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (36 ) (11,836 )

10. RELATED PARTY DISCLOSURES

At the year end, the related party balances were:
31.3.23 31.3.22
£    £   
Balance owed from related parties at the year end 251,184 273,328
Sales and recharges made to related parties, 690,120 570,662

The related party is a business under the same common control.

A family member of one of the directors owed £6,134 (2022 - £6,667) to the company at the year end.

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.