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COMPANY REGISTRATION NUMBER: 7368034
KIRKWOOD HOSPICE ENTERPRISES LIMITED
FILLETED FINANCIAL STATEMENTS
31 March 2023
KIRKWOOD HOSPICE ENTERPRISES LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 4
KIRKWOOD HOSPICE ENTERPRISES LIMITED
BALANCE SHEET
31 March 2023
2023
2022
Note
£
£
Current assets
Stocks
64,931
59,991
Debtors
5
4,776
15,142
Cash at bank and in hand
172,582
130,223
------------
------------
242,289
205,356
Creditors: amounts falling due within one year
6
( 137,307)
( 87,169)
------------
------------
Net current assets
104,982
118,187
------------
------------
Total assets less current liabilities
104,982
118,187
Creditors: amounts falling due after more than one year
7
( 30,929)
( 44,134)
------------
------------
Net assets
74,053
74,053
------------
------------
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
73,953
73,953
------------
------------
Shareholders funds
74,053
74,053
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
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.
These financial statements were approved by the board of directors and authorised for issue on 16 August 2023 , and are signed on behalf of the board by:
K Dunning
Director
Company registration number: 7368034
KIRKWOOD HOSPICE ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
1. General information
The company is a private company limited by shares, registered in England and Wales company number7368034. The address of the registered office is 21 Albany Road, Dalton, Huddersfield, HD5 9UY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity, and rounded to the nearest £.
Going concern
The Directors have considered the impact of the Covid 19 pandemic on the company in their Directors' Report. Whilst acknowledging that operations may continue to be affected during the year ending 31 March 2023, the Directors believe they have put suitable measures in place to ensure that the company will continue its activities going forward. The Directors therefore believe that the preparation of the financial statements on the going concern basis is appropriate.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied stated net of discounts and of Value Added Tax.
Stocks
Stocks are measured at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2022: 3 ).
5. Debtors
2023
2022
£
£
Trade debtors
2,838
Prepayments and accrued income
1,938
11,486
VAT
3,656
------------
------------
4,776
15,142
------------
------------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
11,575
5,866
Trade creditors
7,817
12,015
Amounts owed to group undertakings
109,688
67,328
Accruals and deferred income
2,160
1,960
Social security and other taxes
6,067
------------
------------
137,307
87,169
------------
------------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
30,929
44,134
------------
------------
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
------------
------------
------------
------------
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2023
2022
£
£
Not later than 1 year
7,750
7,000
Later than 1 year and not later than 5 years
12,250
19,250
------------
------------
20,000
26,250
------------
------------
10. Summary audit opinion
The auditor's report for the year dated 16 August 2023 was unqualified.
The senior statutory auditor was David Butterworth , for and on behalf of Wheawill & Sudworth Limited .
11. Parent undertaking
The company is a wholly owned subsidiary of Kirkwood Hospice. The company's financial statements are included in the consolidated financial statements of that company and are available from the registered office which is 21 Albany Road, Dalton, Huddersfield, HD5 9UY.