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REGISTERED NUMBER: 10633265 (England and Wales)









Unaudited Financial Statements

For The Year Ended 31 March 2023

for

William Kirby & Sons Ltd

William Kirby & Sons Ltd (Registered number: 10633265)






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


William Kirby & Sons Ltd

Company Information
For The Year Ended 31 March 2023







DIRECTORS: J Kirby
A Kirby
S Kirby





REGISTERED OFFICE: Moor Cottage Farm
240 Orrell Road
Orrell
Wigan
Lancashire
WN5 8QU





REGISTERED NUMBER: 10633265 (England and Wales)





ACCOUNTANTS: Elaine Horsley & Co
Ivy House
687 Ormskirk Road
Pemberton
Wigan
Lancashire
WN5 8AQ

William Kirby & Sons Ltd (Registered number: 10633265)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 443,611 379,506

CURRENT ASSETS
Stocks 5 21,465 20,035
Debtors 6 186,397 254,146
Cash at bank and in hand 229,575 271,230
437,437 545,411
CREDITORS
Amounts falling due within one year 7 491,654 590,485
NET CURRENT LIABILITIES (54,217 ) (45,074 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

389,394

334,432

CAPITAL AND RESERVES
Called up share capital 8 300 300
Retained earnings 9 389,094 334,132
SHAREHOLDERS' FUNDS 389,394 334,432

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.

William Kirby & Sons Ltd (Registered number: 10633265)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by:




J Kirby - Director A Kirby - Director




S Kirby - Director


William Kirby & Sons Ltd (Registered number: 10633265)

Notes to the Financial Statements
For The Year Ended 31 March 2023

1. STATUTORY INFORMATION

William Kirby & Sons 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.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

William Kirby & Sons Ltd (Registered number: 10633265)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 32,526 6,715 623,005 1,357 663,603
Additions 2,950 - 150,602 - 153,552
Disposals - - (41,291 ) - (41,291 )
At 31 March 2023 35,476 6,715 732,316 1,357 775,864
DEPRECIATION
At 1 April 2022 15,154 1,421 267,031 491 284,097
Charge for year 2,987 794 73,512 173 77,466
Eliminated on disposal - - (29,310 ) - (29,310 )
At 31 March 2023 18,141 2,215 311,233 664 332,253
NET BOOK VALUE
At 31 March 2023 17,335 4,500 421,083 693 443,611
At 31 March 2022 17,372 5,294 355,974 866 379,506

5. STOCKS
31.3.23 31.3.22
£    £   
Stocks 21,465 20,035

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 169,174 225,615
Tax - 4,636
VAT - 3,348
Prepayments and accrued income 17,223 20,547
186,397 254,146

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 209,314 263,001
Social security and other taxes 6,804 13,240
VAT 91 -
Other creditors 265,196 102,810
Directors' current accounts 6,000 207,389
Accrued expenses 4,249 4,045
491,654 590,485

William Kirby & Sons Ltd (Registered number: 10633265)

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

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
300 Ordinary £1 300 300

9. RESERVES
Retained
earnings
£   

At 1 April 2022 334,132
Profit for the year 60,962
Dividends (6,000 )
At 31 March 2023 389,094