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REGISTERED NUMBER: 01157558 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Kadel Engineering Limited

Kadel Engineering Limited (Registered number: 01157558)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Kadel Engineering Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mrs J S Rollins
P Rollins
Miss D J Rollins





REGISTERED OFFICE: Riverside Works
Ingrow Bridge Business Park
Halifax Road
Keighley
West Yorkshire
BD21 5DZ





REGISTERED NUMBER: 01157558 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
BD21 3DS

Kadel Engineering Limited (Registered number: 01157558)

Statement of Financial Position
30 April 2023

30.4.23 30.4.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 724,690 640,396

CURRENT ASSETS
Stocks 152,500 190,362
Debtors 5 345,121 265,212
Cash at bank and in hand 408,585 652,225
906,206 1,107,799
CREDITORS
Amounts falling due within one year 6 (344,164 ) (441,460 )
NET CURRENT ASSETS 562,042 666,339
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,286,732

1,306,735

CREDITORS
Amounts falling due after more than one
year

7

(2,614

)

(3,075

)

PROVISIONS FOR LIABILITIES 8 (102,293 ) (85,042 )
NET ASSETS 1,181,825 1,218,618

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 1,171,825 1,208,618
SHAREHOLDERS' FUNDS 1,181,825 1,218,618

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Statement of Income and Retained Earnings has not been delivered.

Kadel Engineering Limited (Registered number: 01157558)

Statement of Financial Position - continued
30 April 2023



The financial statements were approved by the Board of Directors and authorised for issue on 13 July 2023 and were signed on its behalf by:





Mrs J S Rollins - Director


Kadel Engineering Limited (Registered number: 01157558)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Kadel Engineering Limited 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 represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant & machinery - 15% on reducing balance
Fixtures & fittings - 25% on cost and 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Kadel Engineering Limited (Registered number: 01157558)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued

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 - 14 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant & Fixtures
property machinery & fittings
£    £    £   
COST
At 1 May 2022 324,940 1,314,227 91,931
Additions - 186,000 -
At 30 April 2023 324,940 1,500,227 91,931
DEPRECIATION
At 1 May 2022 132,135 873,962 86,293
Charge for year 6,499 93,940 845
At 30 April 2023 138,634 967,902 87,138
NET BOOK VALUE
At 30 April 2023 186,306 532,325 4,793
At 30 April 2022 192,805 440,265 5,638

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2022 29,980 10,563 1,771,641
Additions - - 186,000
At 30 April 2023 29,980 10,563 1,957,641
DEPRECIATION
At 1 May 2022 28,292 10,563 1,131,245
Charge for year 422 - 101,706
At 30 April 2023 28,714 10,563 1,232,951
NET BOOK VALUE
At 30 April 2023 1,266 - 724,690
At 30 April 2022 1,688 - 640,396

Kadel Engineering Limited (Registered number: 01157558)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 338,658 221,860
Prepayments 6,463 43,352
345,121 265,212

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 101,435 168,915
Corporate taxation 9,775 37,191
Social security & other taxes 45,531 34,847
Directors' current accounts 182,937 195,831
Accrued expenses 4,025 4,133
Deferred government grants 461 543
344,164 441,460

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Deferred government grants 2,614 3,075

8. PROVISIONS FOR LIABILITIES
30.4.23 30.4.22
£    £   
Deferred tax 102,293 85,042

Deferred
tax
£   
Balance at 1 May 2022 85,042
Charge to Statement of Income and Retained Earnings during year 17,251
Balance at 30 April 2023 102,293

9. PENSION COMMITMENTS

The company operates a defined contribution 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 £95,828 (2022 £55,563). There were no outstanding contributions payable at either year end.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Kadel Engineering Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kadel Engineering Limited for the year ended 30 April 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Kadel Engineering Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kadel Engineering Limited and state those matters that we have agreed to state to the Board of Directors of Kadel Engineering Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kadel Engineering Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kadel Engineering Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kadel Engineering Limited. You consider that Kadel Engineering Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kadel Engineering Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
BD21 3DS


13 July 2023