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Registration number: 08918169

Kilworth Group Of Companies Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Kilworth Group Of Companies Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 8

 

Kilworth Group Of Companies Limited

Company Information

Directors

Mr Neil Stanway

Mrs Janine Stanway

Registered office

Unit 5A
Park Farm Business Park
Harborough Road
Billesdon
Leicestershire
LE7 9FN

Accountants

CSH Consulting
Chartered Certified Accountant
The Barn, 8 Oakley Hay Lodge
Great Folds Road
Corby
Northants
NN18 9AS

 

Kilworth Group Of Companies Limited

(Registration number: 08918169)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

173

173

Current assets

 

Debtors

125,000

170,009

Cash at bank and in hand

 

252,190

95,244

 

377,190

265,253

Creditors: Amounts falling due within one year

(124,776)

(217,590)

Net current assets

 

252,414

47,663

Net assets

 

252,587

47,836

Capital and reserves

 

Called up share capital

5

269

269

Retained earnings

252,318

47,567

Shareholders' funds

 

252,587

47,836

For the financial year ending 31 December 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 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

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

.........................................
Mr Neil Stanway
Director

   
     
 

Kilworth Group Of Companies Limited

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

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Unit 5A
Park Farm Business Park
Harborough Road
Billesdon
Leicestershire
LE7 9FN
United Kingdom

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

Going concern

The financial statements have been prepared on a going concern basis.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Kilworth Group Of Companies Limited

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

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

 

Kilworth Group Of Companies Limited

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

4

Investments

2023
£

2022
£

Investments in subsidiaries

173

173

Subsidiaries

£

Cost or valuation

At 1 January 2023

173

Provision

Carrying amount

At 31 December 2023

173

At 31 December 2022

173

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2023

2022

Subsidiary undertakings

Kilworth Flooring Company Limited

5a Park Farm Business Park
Harborough Road
Billesdon
Leicestershire
LE7 9FN

United Kingdom

Ordinary £1 shares

100%

100%

Kilworth Furnishing Company Limited

5a Park Farm Business Park
Harborough Road
Billesdon
Leicestershire
LE7 9FN

United Kingdom

Ordinary £1 shares

100%

100%

 

Kilworth Group Of Companies Limited

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

Subsidiary undertakings

Kilworth Flooring Company Limited

The principal activity of Kilworth Flooring Company Limited is the sale of flooring to care homes.

Kilworth Furnishing Company Limited

The principal activity of Kilworth Furnishing Company Limited is the sale of furniture to care homes.

 

Kilworth Group Of Companies Limited

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

5

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary £1 shares of £1 each

257

257

257

257

A Ordinary £1 shares of £1 each

3

3

3

3

B Ordinary £1 shares of £1 each

3

3

3

3

C Ordinary £1 shares of £1 each

3

3

3

3

D Ordinary £1 shares of £1 each

3

3

3

3

269

269

269

269

 

Kilworth Group Of Companies Limited

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

6

Related party transactions

Summary of transactions with subsidiaries

Kilworth Flooring Company Limited - A company that is 100% controlled by Kilworth Group of Companies Limited
Kilworth Furnishing Company Limited - A company that is 100% controlled by Kilworth Group of Companies Limited

 Receiving dividends.
 

Summary of transactions with subsidiaries

Loans to related parties

2023

Subsidiary
£

Total
£

At start of period

170,000

170,000

At end of period

170,000

170,000

2022

Subsidiary
£

Total
£

At start of period

100,000

100,000

Advanced

170,000

170,000

Repaid

(100,000)

(100,000)

At end of period

170,000

170,000