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REGISTERED NUMBER: NI645554 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Kenny Developments Ltd

Kenny Developments Ltd (Registered number: NI645554)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kenny Developments Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: M KENNY





SECRETARY:





REGISTERED OFFICE: 15b Ballyvessey Road
Newtownabbey
Co. Antrim
BT36 4SY





REGISTERED NUMBER: NI645554 (Northern Ireland)





ACCOUNTANTS: Glenn & Company
1C THE SQUARE
BALLYCLARE
Co. Antrim
BT39 9BB

Kenny Developments Ltd (Registered number: NI645554)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,840 29,800

CURRENT ASSETS
Stocks 1,095,000 772,500
Debtors 5 10,554 17,890
Cash at bank 362,778 568,273
1,468,332 1,358,663
CREDITORS
Amounts falling due within one year 6 126,865 154,154
NET CURRENT ASSETS 1,341,467 1,204,509
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,365,307

1,234,309

CREDITORS
Amounts falling due after more than one
year

7

377,348

395,650
NET ASSETS 987,959 838,659

CAPITAL AND RESERVES
Called up share capital 30 30
Retained earnings 987,929 838,629
987,959 838,659

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 his 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.

Kenny Developments Ltd (Registered number: NI645554)

Balance Sheet - continued
31 May 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 director and authorised for issue on 19 February 2024 and were signed by:





M KENNY - Director


Kenny Developments Ltd (Registered number: NI645554)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Kenny Developments Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 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.

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 2 (2022 - 2 ) .

Kenny Developments Ltd (Registered number: NI645554)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 37,250
DEPRECIATION
At 1 June 2022 7,450
Charge for year 5,960
At 31 May 2023 13,410
NET BOOK VALUE
At 31 May 2023 23,840
At 31 May 2022 29,800

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 10,554 17,890

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 1 -
Taxation and social security 108,075 122,684
Other creditors 18,789 31,470
126,865 154,154

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Other creditors 377,348 395,650

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 30,781 40,540