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REGISTERED NUMBER: 08068519 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

KIMBLEWICK FEEDS LTD

KIMBLEWICK FEEDS LTD (REGISTERED NUMBER: 08068519)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KIMBLEWICK FEEDS LTD

COMPANY INFORMATION
for the Year Ended 30 April 2023







DIRECTORS: Mrs C D Dickins
A R M Cairns





REGISTERED OFFICE: Hardy House
Northbridge Road
Berkhamsted
Hertfordshire
HP4 1EF





REGISTERED NUMBER: 08068519 (England and Wales)





ACCOUNTANTS: COLIN GRAY & CO LIMITED
Chartered Accountants
Hardy House
Northbridge Road
Berkhamsted
Hertfordshire
HP4 1EF

KIMBLEWICK FEEDS LTD (REGISTERED NUMBER: 08068519)

BALANCE SHEET
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 833
Tangible assets 5 25,899 33,178
25,899 34,011

CURRENT ASSETS
Stocks 6 96,478 81,670
Debtors 7 91,725 30,460
Cash at bank and in hand 198,775 214,884
386,978 327,014
CREDITORS
Amounts falling due within one year 8 115,882 92,888
NET CURRENT ASSETS 271,096 234,126
TOTAL ASSETS LESS CURRENT
LIABILITIES

296,995

268,137

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 10 296,795 267,937
SHAREHOLDERS' FUNDS 296,995 268,137

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by:



Mrs C D Dickins - Director


KIMBLEWICK FEEDS LTD (REGISTERED NUMBER: 08068519)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Kimblewick Feeds 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance and 10% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

KIMBLEWICK FEEDS LTD (REGISTERED NUMBER: 08068519)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 100,000
AMORTISATION
At 1 May 2022 99,167
Charge for year 833
At 30 April 2023 100,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 833

5. TANGIBLE FIXED ASSETS
Building Plant and Motor Computer
Improvements machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2022 20,259 40,905 65,266 - 126,430
Additions - - - 608 608
At 30 April 2023 20,259 40,905 65,266 608 127,038
DEPRECIATION
At 1 May 2022 10,263 31,554 51,435 - 93,252
Charge for year 2,026 2,390 3,458 13 7,887
At 30 April 2023 12,289 33,944 54,893 13 101,139
NET BOOK VALUE
At 30 April 2023 7,970 6,961 10,373 595 25,899
At 30 April 2022 9,996 9,351 13,831 - 33,178

6. STOCKS
2023 2022
£    £   
Stocks 96,478 81,670

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,702 30,098
Directors' loan accounts 55,154 -
Tax 11,393 -
VAT 2,476 -
Prepayments and accrued income - 362
91,725 30,460

KIMBLEWICK FEEDS LTD (REGISTERED NUMBER: 08068519)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 47,871 59,693
Tax 33,181 24,116
Social security and other taxes 285 825
VAT - 1,005
Directors' current accounts 22,095 1,778
Accrued expenses 12,450 5,471
115,882 92,888

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
100 Ordinary A £1 100 100
200 200

10. RESERVES
Retained
earnings
£   

At 1 May 2022 267,937
Profit for the year 82,858
Dividends (54,000 )
At 30 April 2023 296,795

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
A R M Cairns
Balance outstanding at start of year - -
Amounts advanced 60,539 -
Amounts repaid (5,385 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 55,154 -