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REGISTERED NUMBER: 13062818 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

KERNOW CATERING EQUIPMENT SOUTH WEST
LIMITED

KERNOW CATERING EQUIPMENT SOUTH WEST
LIMITED (REGISTERED NUMBER: 13062818)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KERNOW CATERING EQUIPMENT SOUTH WEST
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: S T Etherington
M A Etherington





REGISTERED OFFICE: Wheal Rose
Scorrier
REDRUTH
Cornwall
TR16 5DF





REGISTERED NUMBER: 13062818 (England and Wales)





ACCOUNTANTS: Lang Bennetts
The Old Carriage Works
Moresk Road
TRURO
Cornwall
TR1 1DG

KERNOW CATERING EQUIPMENT SOUTH WEST
LIMITED (REGISTERED NUMBER: 13062818)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1,659

CURRENT ASSETS
Stocks 55,000 41,000
Debtors 5 13,007 2,361
Cash at bank and in hand 20,278 17,245
88,285 60,606
CREDITORS
Amounts falling due within one year 6 64,377 50,919
NET CURRENT ASSETS 23,908 9,687
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,908

11,346

PROVISIONS FOR LIABILITIES - 315
NET ASSETS 23,908 11,031

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 23,808 10,931
SHAREHOLDERS' FUNDS 23,908 11,031

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

KERNOW CATERING EQUIPMENT SOUTH WEST
LIMITED (REGISTERED NUMBER: 13062818)

BALANCE SHEET - continued
31 DECEMBER 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 13 March 2024 and were signed on its behalf by:





S T Etherington - Director


KERNOW CATERING EQUIPMENT SOUTH WEST
LIMITED (REGISTERED NUMBER: 13062818)

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

1. STATUTORY INFORMATION

Kernow Catering Equipment South West 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.

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.
Plant and machinery etc - 20% 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.

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.

3. EMPLOYEES AND DIRECTORS

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

KERNOW CATERING EQUIPMENT SOUTH WEST
LIMITED (REGISTERED NUMBER: 13062818)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 2,838
Disposals (2,838 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 1,179
Eliminated on disposal (1,179 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 1,659

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 12,902 2,322
Other debtors 105 39
13,007 2,361

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,233 1,483
Taxation and social security 6,050 2,525
Other creditors 57,094 46,911
64,377 50,919

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S T Etherington.