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REGISTERED NUMBER: 01259746 (England and Wales)















KEN MCNEILL LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023






KEN MCNEILL LIMITED (REGISTERED NUMBER: 01259746)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


KEN MCNEILL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: J F N B McNeill





SECRETARY: K McNeill





REGISTERED OFFICE: High Trees
Littlemoor
Clitheroe
Lancashire
BB7 1HF





REGISTERED NUMBER: 01259746 (England and Wales)





ACCOUNTANTS: DTE Business Advisers Limited
Chartered Accountants
The Exchange
5 Bank Street
Bury
BL9 0DN

KEN MCNEILL LIMITED (REGISTERED NUMBER: 01259746)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 5,334 5,334
Cash at bank and in hand 5,051 5,600
10,385 10,934
CREDITORS
Amounts falling due within one year 6 (10,241 ) (10,206 )
NET CURRENT ASSETS 144 728
TOTAL ASSETS LESS CURRENT
LIABILITIES

144

728

CAPITAL AND RESERVES
Called up share capital 18,000 18,000
Share premium 2,414 2,414
Capital redemption reserve 2,000 2,000
Retained earnings (22,270 ) (21,686 )
SHAREHOLDERS' FUNDS 144 728

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 16 February 2024 and were signed by:





J F N B McNeill - Director


KEN MCNEILL LIMITED (REGISTERED NUMBER: 01259746)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Ken McNeill Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 01259746 and registered office is High Trees, Little Moor, Clitheroe, Lancashire, BB7 1HF.

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 company did not trade during the current year, however, the director continues to adopt the going concern basis of accounting in preparing the financial statements. No adjustments have been included that would be necessary should this not be the case.

Significant judgements and estimates
In the opinion of the director there are no significant judgements and estimates.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the change arises.

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 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.

Critical accounting judgements and estimates
In the opinion of the director, there are currently no critical accounting judgements and estimates applied in preparing the financial statements.

KEN MCNEILL LIMITED (REGISTERED NUMBER: 01259746)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and from other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 13,802
DEPRECIATION
At 1 June 2022
and 31 May 2023 13,802
NET BOOK VALUE
At 31 May 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,334 5,334

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 10,241 10,206