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Registration number: 06269894

Kentsford Designs Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2023

 

Kentsford Designs Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Kentsford Designs Limited

Company Information

Directors

Mrs S Dawson

Mr W S Dawson

Mr L R Dawson

Mrs S L Dawson

Company secretary

Mrs S Dawson

Registered office

61 The Plain
Brailsford
Ashbourne
Derbyshire
DE6 3BR

Accountants

Coates and Partners Limited
Chartered Accountants
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

 

Kentsford Designs Limited

(Registration number: 06269894)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,203

2,580

Current assets

 

Stocks

500

500

Debtors

5

2,453

2,350

Cash at bank and in hand

 

3,814

3,621

 

6,767

6,471

Creditors: Amounts falling due within one year

6

(6,478)

(8,863)

Net current assets/(liabilities)

 

289

(2,392)

Total assets less current liabilities

 

2,492

188

Creditors: Amounts falling due after more than one year

6

(78,868)

(78,851)

Net liabilities

 

(76,376)

(78,663)

Capital and reserves

 

Called up share capital

40

40

Retained earnings

(76,416)

(78,703)

Shareholders' deficit

 

(76,376)

(78,663)

For the financial 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.

 

Kentsford Designs Limited

(Registration number: 06269894)
Balance Sheet as at 31 May 2023 (continued)

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland'.

Approved and authorised by the Board on 8 February 2024 and signed on its behalf by:
 

.........................................
Mrs S Dawson
Company secretary and director

   
     
 

Kentsford Designs Limited

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

1

General information

The company is a private company limited by share capital incorporated in England and Wales registration number: 06269894.

The address of its registered office is:
61 The Plain
Brailsford
Ashbourne
Derbyshire
DE6 3BR

These financial statements were authorised for issue by the Board on 8 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency is £ sterling.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Kentsford Designs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023 (continued)

2

Accounting policies (continued)

Government grants

Government grants received are only recognised when there is reasonable assurance that the entity will comply with the conditions attached to them and the grants will be received. Government grants are recognised in the profit and loss account on a systematic basis over the periods in which the entity recognises as expenses the related costs for which the grants are intended to compensate.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance basis

Fixtures and fittings

15% reducing balance basis

Office equipment

3 year straight line basis

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Kentsford Designs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023 (continued)

4

Tangible assets

Furniture, fittings and equipment
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 June 2022

1,994

6,013

8,007

At 31 May 2023

1,994

6,013

8,007

Depreciation

At 1 June 2022

1,836

3,591

5,427

Charge for the year

14

363

377

At 31 May 2023

1,850

3,954

5,804

Carrying amount

At 31 May 2023

144

2,059

2,203

At 31 May 2022

158

2,422

2,580

5

Debtors

Current

2023
£

2022
£

Trade debtors

1,652

1,724

Prepayments

801

468

Other debtors

-

158

 

2,453

2,350

 

Kentsford Designs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

993

1,035

Trade creditors

 

2,865

4,638

Taxation and social security

 

916

977

Accruals and deferred income

 

1,700

1,500

Other creditors

 

4

713

 

6,478

8,863

Creditors include Coronavirus Business Interruption Loan which is secured by the Government amounting to £993 (2022 - £985).

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

2,070

3,045

Other creditors

 

76,798

75,806

 

78,868

78,851

Creditors include Coronavirus Business Interruption Loan which is secured by the Government amounting to £2,070 (2022 - £3,045)