2 false false false false false false false false false true false false false false false false No description of principal activity 2022-06-01 Sage Accounts Production Advanced 2021 - FRS102_2021 233,320 224,660 84,000 373,980 73,013 48,359 40,992 80,380 293,600 160,307 xbrli:pure xbrli:shares iso4217:GBP 09485464 2022-06-01 2023-05-31 09485464 2023-05-31 09485464 2022-05-31 09485464 2021-06-01 2022-05-31 09485464 2022-05-31 09485464 core:PlantMachinery 2022-06-01 2023-05-31 09485464 bus:Director1 2022-06-01 2023-05-31 09485464 bus:Director2 2022-06-01 2023-05-31 09485464 core:PlantMachinery 2022-05-31 09485464 core:PlantMachinery 2023-05-31 09485464 core:WithinOneYear 2023-05-31 09485464 core:WithinOneYear 2022-05-31 09485464 core:AfterOneYear 2023-05-31 09485464 core:AfterOneYear 2022-05-31 09485464 core:ShareCapital 2023-05-31 09485464 core:ShareCapital 2022-05-31 09485464 core:RetainedEarningsAccumulatedLosses 2023-05-31 09485464 core:RetainedEarningsAccumulatedLosses 2022-05-31 09485464 core:PlantMachinery 2022-05-31 09485464 bus:SmallEntities 2022-06-01 2023-05-31 09485464 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 09485464 bus:FullAccounts 2022-06-01 2023-05-31 09485464 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 09485464 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31
COMPANY REGISTRATION NUMBER: 09485464
KENDRAY PLANT LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 May 2023
KENDRAY PLANT LIMITED
STATEMENT OF FINANCIAL POSITION
31 May 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
293,600
160,307
CURRENT ASSETS
Debtors
6
298,543
252,660
Cash at bank and in hand
13,570
3,846
---------
---------
312,113
256,506
CREDITORS: amounts falling due within one year
7
195,196
115,734
---------
---------
NET CURRENT ASSETS
116,917
140,772
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
410,517
301,079
CREDITORS: amounts falling due after more than one year
8
131,564
75,504
PROVISIONS
27,902
15,482
---------
---------
NET ASSETS
251,051
210,093
---------
---------
CAPITAL AND RESERVES
Called up share capital fully paid
100
100
Profit and loss account
250,951
209,993
---------
---------
SHAREHOLDERS FUNDS
251,051
210,093
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
KENDRAY PLANT LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 May 2023
These financial statements were approved by the board of directors and authorised for issue on 9 November 2023 , and are signed on behalf of the board by:
Mr J Howden
Mr J P Andrew
Director
Director
Company registration number: 09485464
KENDRAY PLANT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MAY 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Mill Farm Barn, Church Street, Wadenhoe, Northamptonshire, PE8 5ST.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. TANGIBLE ASSETS
Plant and machinery
£
Cost
At 1 June 2022
233,320
Additions
224,660
Disposals
( 84,000)
---------
At 31 May 2023
373,980
---------
Depreciation
At 1 June 2022
73,013
Charge for the year
48,359
Disposals
( 40,992)
---------
At 31 May 2023
80,380
---------
Carrying amount
At 31 May 2023
293,600
---------
At 31 May 2022
160,307
---------
6. DEBTORS
2023
2022
£
£
Trade debtors
194,312
148,429
Other debtors
104,231
104,231
---------
---------
298,543
252,660
---------
---------
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
87,112
57,293
Corporation tax
18,674
Social security and other taxes
7,463
5,561
Other creditors
100,621
34,206
---------
---------
195,196
115,734
---------
---------
Included within other creditors are amounts of £98,990 (2022 - £32,625) relating to hire purchase contracts which are secured on the assets to which they relate.
8. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Other creditors
131,564
75,504
---------
--------
Included within other creditors are amounts of £131,564 (2022 - £75,504) relating to hire purchase contracts which are secured on the assets to which they relate.