Registered number
09724333
Kenny Stuart Ltd
Filleted Accounts
31 August 2023
Kenny Stuart Ltd
Registered number: 09724333
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 43,842 544
Current assets
Debtors 4 - 307
Cash at bank and in hand 17,403 32,745
17,403 33,052
Creditors: amounts falling due within one year 5 (3,337) (15,280)
Net current assets 14,066 17,772
Total assets less current liabilities 57,908 18,316
Creditors: amounts falling due after more than one year 6 (42,030) -
Provisions for liabilities (8,330) -
Net assets 7,548 18,316
Capital and reserves
Called up share capital 1 1
Profit and loss account 7,547 18,315
Shareholder's funds 7,548 18,316
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr K A Stuart
Director
Approved by the board on 9 February 2024
Kenny Stuart Ltd
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022 4,473
Additions 44,170
At 31 August 2023 48,643
Depreciation
At 1 September 2022 3,929
Charge for the year 872
At 31 August 2023 4,801
Net book value
At 31 August 2023 43,842
At 31 August 2022 544
4 Debtors 2023 2022
£ £
Trade debtors - 307
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 10,507 -
Taxation and social security costs (7,170) 7,880
Other creditors - 7,400
3,337 15,280
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 42,030 -
7 Other information
Kenny Stuart Ltd is a private company limited by shares and incorporated in England. Its registered office is:
114b Norbury Crescent
London
SW16 4JZ
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