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REGISTERED NUMBER: 06724554 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

KENILWORTH ACCOUNTANCY LIMITED

KENILWORTH ACCOUNTANCY LIMITED (REGISTERED NUMBER: 06724554)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KENILWORTH ACCOUNTANCY LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTORS: B A Rogers
D J Rogers





REGISTERED OFFICE: Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY





REGISTERED NUMBER: 06724554 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

KENILWORTH ACCOUNTANCY LIMITED (REGISTERED NUMBER: 06724554)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 48,395 105,979
Tangible assets 5 8,779 9,070
57,174 115,049

CURRENT ASSETS
Stocks 145,513 158,204
Debtors 6 335,578 297,719
Cash at bank and in hand 162,598 167,845
643,689 623,768
CREDITORS
Amounts falling due within one
year

7

324,983

333,892
NET CURRENT ASSETS 318,706 289,876
TOTAL ASSETS LESS CURRENT
LIABILITIES

375,880

404,925

CREDITORS
Amounts falling due after more
than one year

8

(286,775

)

(351,885

)

PROVISIONS FOR LIABILITIES (2,195 ) (1,723 )
NET ASSETS 86,910 51,317

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 85,910 50,317
SHAREHOLDERS' FUNDS 86,910 51,317

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

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

KENILWORTH ACCOUNTANCY LIMITED (REGISTERED NUMBER: 06724554)

BALANCE SHEET - continued
31 October 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 31 July 2024 and were signed on its behalf by:





D J Rogers - Director


KENILWORTH ACCOUNTANCY LIMITED (REGISTERED NUMBER: 06724554)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

Kenilworth Accountancy 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

An impairment loss has been recognised in the Income Statement, following an assessment at the Balance Sheet date indicating the recoverable amount was less than its carrying value.

Purchased goodwill are being amortised evenly over their estimated useful life of three years.

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 - 33% on cost and 25% on cost

Work in progress
Work in progress is valued at the lower of cost and net realisable value.

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.


KENILWORTH ACCOUNTANCY LIMITED (REGISTERED NUMBER: 06724554)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 November 2022 875,000 691,292 1,566,292
Additions - 535 535
Impairments - (9,724 ) (9,724 )
At 31 October 2023 875,000 682,103 1,557,103
AMORTISATION
At 1 November 2022 875,000 585,313 1,460,313
Charge for year - 48,395 48,395
At 31 October 2023 875,000 633,708 1,508,708
NET BOOK VALUE
At 31 October 2023 - 48,395 48,395
At 31 October 2022 - 105,979 105,979

KENILWORTH ACCOUNTANCY LIMITED (REGISTERED NUMBER: 06724554)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 17,415
Additions 4,142
At 31 October 2023 21,557
DEPRECIATION
At 1 November 2022 8,345
Charge for year 4,433
At 31 October 2023 12,778
NET BOOK VALUE
At 31 October 2023 8,779
At 31 October 2022 9,070

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 280,504 249,488
Other debtors 55,074 48,231
335,578 297,719

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 13,020 7,604
Taxation and social security 227,197 215,770
Other creditors 84,766 110,518
324,983 333,892

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 286,775 351,885

9. RELATED PARTY DISCLOSURES

At 31 October 2023 other creditors included loans made to the company by Mr B Rogers (Director) of £286,775. The loans are interest free and are due in more than one year.

At 31 October 2023 other creditors included loans made to the company by Mr D Rogers (Director) of £5,258 (2022: £2,223). The loans are interest free and have no fixed date for repayment.

KENILWORTH ACCOUNTANCY LIMITED (REGISTERED NUMBER: 06724554)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023


10. ULTIMATE CONTROLLING PARTY

The controlling party is HCR Kenilworth Limited.

The ultimate controlling party is Mr D Rogers and Mr B Rogers.