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REGISTERED NUMBER: 00817509 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 January 2024

for


Kendal Joinery Co. Limited


Kendal Joinery Co. Limited (Registered number: 00817509)







Contents of the Financial Statements

for the Year Ended 31 January 2024





Page



Balance Sheet  

1



Notes to the Financial Statements  

3




Kendal Joinery Co. Limited (Registered number: 00817509)


Balance Sheet

31 January 2024



31.1.24

31.1.23



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

66,313


67,666



Investment property

5

820,000


820,000



886,313


887,666




CURRENT ASSETS

Debtors

6

19,088


23,401



Cash at bank

108,129


74,441



127,217


97,842



CREDITORS

Amounts falling due within one year

7

26,746


12,022



NET CURRENT ASSETS

100,471


85,820



TOTAL ASSETS LESS CURRENT

LIABILITIES

986,784


973,486




PROVISIONS FOR LIABILITIES

109,943


110,286



NET ASSETS

876,841


863,200




CAPITAL AND RESERVES

Called up share capital

19,248


19,248



Fair value reserve

8

456,721


456,721



Retained earnings

8

400,872


387,231



876,841


863,200




Kendal Joinery Co. Limited (Registered number: 00817509)


Balance Sheet - continued

31 January 2024



The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 Statement of Income and Retained Earnings has not been delivered.  


The financial statements were approved by the director and authorised for issue on 28 February 2024 and were signed by:






P G Russell - Director



Kendal Joinery Co. Limited (Registered number: 00817509)


Notes to the Financial Statements

for the Year Ended 31 January 2024


1.

STATUTORY INFORMATION



Kendal Joinery Co. Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:



Registered number:

00817509



Registered office:

Dockray Hall


Kendal


Cumbria


LA9 4RY


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 as modified by the revaluation of certain assets.    



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.  


Land and buildings

-

20% on reducing balance


Plant and machinery etc

-

at variable rates on reducing balance



Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.


Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Kendal Joinery Co. Limited (Registered number: 00817509)


Notes to the Financial Statements - continued

for the Year Ended 31 January 2024


3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 3 (2023 - 2 ) .


4.

TANGIBLE FIXED ASSETS


Plant and



Land and


machinery



buildings


etc


Totals

£   

£   

£   



COST


At 1 February 2023

1,993


76,758


78,751




Additions

-


81


81




At 31 January 2024

1,993


76,839


78,832




DEPRECIATION


At 1 February 2023

1,993


9,092


11,085




Charge for year

-


1,434


1,434




At 31 January 2024

1,993


10,526


12,519




NET BOOK VALUE


At 31 January 2024

-


66,313


66,313




At 31 January 2023

-


67,666


67,666




5.

INVESTMENT PROPERTY


Total

£   



FAIR VALUE


At 1 February 2023


and 31 January 2024

820,000




NET BOOK VALUE


At 31 January 2024

820,000




At 31 January 2023

820,000





Fair value at 31 January 2024 is represented by:

£   



Valuation in 2020

820,000





If investment property had not been revalued it would have been included at the following historical cost:



31.1.24


31.1.23

£   

£   



Cost

267,279


267,279





Investment property was valued on an open market basis on 31 January 2020 by the directors .


Kendal Joinery Co. Limited (Registered number: 00817509)


Notes to the Financial Statements - continued

for the Year Ended 31 January 2024


6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.1.24


31.1.23

£   

£   



Trade debtors

2,081


6,213




Other debtors

17,007


17,188



19,088


23,401




7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.1.24


31.1.23

£   

£   



Trade creditors

10,170


563




Taxation and social security

12,717


8,337




Other creditors

3,859


3,122



26,746


12,022




8.

RESERVES


Fair



Retained


value



earnings


reserve


Totals

£   

£   

£   




At 1 February 2023

387,231


456,721


843,952




Profit for the year

33,851


33,851




Dividends

(20,210

)

(20,210

)



At 31 January 2024

400,872


456,721


857,593