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REGISTERED NUMBER: 12661909 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

KIRBYS OF MEANWOOD LIMITED

KIRBYS OF MEANWOOD LIMITED (REGISTERED NUMBER: 12661909)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KIRBYS OF MEANWOOD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: V C Crombleholme
A J Crombleholme





REGISTERED OFFICE: Ground Floor St. Pauls House
23 Park Square
Leeds
West Yorkshire
LS1 2ND





REGISTERED NUMBER: 12661909 (England and Wales)





ACCOUNTANTS: Sedulo Leeds Limited
St Paul's House
23 Park Square
Leeds
West Yorkshire
LS1 2ND

KIRBYS OF MEANWOOD LIMITED (REGISTERED NUMBER: 12661909)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 235,417 265,334
Tangible assets 5 129,417 165,823
364,834 431,157

CURRENT ASSETS
Stocks 14,750 14,750
Debtors 6 89,676 66,120
Cash at bank and in hand 14,374 46,278
118,800 127,148
CREDITORS
Amounts falling due within one year 7 239,553 155,762
NET CURRENT LIABILITIES (120,753 ) (28,614 )
TOTAL ASSETS LESS CURRENT LIABILITIES 244,081 402,543

CREDITORS
Amounts falling due after more than one year 8 (319,430 ) (379,708 )

PROVISIONS FOR LIABILITIES (12,000 ) (19,000 )
NET (LIABILITIES)/ASSETS (87,349 ) 3,835

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (87,449 ) 3,735
SHAREHOLDERS' FUNDS (87,349 ) 3,835

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

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

KIRBYS OF MEANWOOD LIMITED (REGISTERED NUMBER: 12661909)

BALANCE SHEET - continued
30 JUNE 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 9 February 2024 and were signed on its behalf by:





A J Crombleholme - Director


KIRBYS OF MEANWOOD LIMITED (REGISTERED NUMBER: 12661909)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Kirbys of Meanwood 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.

The principal activity in the year under review was that of a fish and chip outlet.

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.

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

At the time of signing these accounts, having considered the economic climate, the Directors expectations and intentions for the next twelve months, and the availability of working capital, the Directors are of the opinion that the Company will remain viable for the foreseeable future and therefore these Financial Statements have been prepared on the Going Concern basis.

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 amounts paid in connection with the acquisition of businesses in both 2020 and 2022 is being amortised evenly over its estimated useful life of 10 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 - 33% on cost and 25% 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.


KIRBYS OF MEANWOOD LIMITED (REGISTERED NUMBER: 12661909)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 9 ) .

KIRBYS OF MEANWOOD LIMITED (REGISTERED NUMBER: 12661909)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 299,167
AMORTISATION
At 1 July 2022 33,833
Charge for year 29,917
At 30 June 2023 63,750
NET BOOK VALUE
At 30 June 2023 235,417
At 30 June 2022 265,334

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 175,495
Additions 6,904
At 30 June 2023 182,399
DEPRECIATION
At 1 July 2022 9,672
Charge for year 43,310
At 30 June 2023 52,982
NET BOOK VALUE
At 30 June 2023 129,417
At 30 June 2022 165,823

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 89,676 66,120

KIRBYS OF MEANWOOD LIMITED (REGISTERED NUMBER: 12661909)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 46,764 21,791
Hire purchase contracts 11,305 13,522
Trade creditors 50,165 11,973
Taxation and social security 77,521 28,167
Other creditors 53,798 80,309
239,553 155,762

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 40,481 43,192
Hire purchase contracts 32,031 43,336
Other creditors 246,918 293,180
319,430 379,708

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans 46,405 48,655
Hire purchase contracts 43,336 56,858
89,741 105,513

The bank loan is secured by way of a floating charge over the property and undertakings of the company.

Hire purchase finance is secured on the asset to which it relates.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in current assets is an amount owed by the directors of £44,242 (2022: £43,269). Interest was charged at 2.25%.