Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3122023-01-01falsemanagement company2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01500196 2023-01-01 2023-12-31 01500196 2022-01-01 2022-12-31 01500196 2023-12-31 01500196 2022-12-31 01500196 c:Director1 2023-01-01 2023-12-31 01500196 d:FurnitureFittings 2023-01-01 2023-12-31 01500196 d:FurnitureFittings 2023-12-31 01500196 d:FurnitureFittings 2022-12-31 01500196 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01500196 d:CurrentFinancialInstruments 2023-12-31 01500196 d:CurrentFinancialInstruments 2022-12-31 01500196 d:Non-currentFinancialInstruments 2023-12-31 01500196 d:Non-currentFinancialInstruments 2022-12-31 01500196 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 01500196 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 01500196 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 01500196 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 01500196 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 01500196 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 01500196 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 01500196 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 01500196 d:ShareCapital 2023-12-31 01500196 d:ShareCapital 2022-12-31 01500196 d:RetainedEarningsAccumulatedLosses 2023-12-31 01500196 d:RetainedEarningsAccumulatedLosses 2022-12-31 01500196 c:OrdinaryShareClass1 2023-01-01 2023-12-31 01500196 c:OrdinaryShareClass1 2023-12-31 01500196 c:OrdinaryShareClass1 2022-12-31 01500196 c:OrdinaryShareClass2 2023-01-01 2023-12-31 01500196 c:OrdinaryShareClass2 2023-12-31 01500196 c:OrdinaryShareClass2 2022-12-31 01500196 c:FRS102 2023-01-01 2023-12-31 01500196 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01500196 c:FullAccounts 2023-01-01 2023-12-31 01500196 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01500196 d:WithinOneYear 2023-12-31 01500196 d:WithinOneYear 2022-12-31 01500196 d:BetweenOneFiveYears 2023-12-31 01500196 d:BetweenOneFiveYears 2022-12-31 01500196 6 2023-01-01 2023-12-31 01500196 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 01500196






KILN SUPPLY SERVICES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










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KILN SUPPLY SERVICES LIMITED
REGISTERED NUMBER:01500196

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
199
249

Investments
 5 
37,904
37,904

  
38,103
38,153

Current assets
  

Debtors: amounts falling due within one year
 6 
127,319
229,460

Cash at bank and in hand
  
230,760
209,299

  
358,079
438,759

Creditors: amounts falling due within one year
 7 
(143,208)
(130,927)

Net current assets
  
 
 
214,871
 
 
307,832

Total assets less current liabilities
  
252,974
345,985

Creditors: amounts falling due after more than one year
 8 
(22,499)
(32,500)

  

Net assets
  
230,475
313,485


Capital and reserves
  

Called up share capital 
 10 
15,000
15,000

Profit and loss account
  
215,475
298,485

  
230,475
313,485


Page 1

 
KILN SUPPLY SERVICES LIMITED
REGISTERED NUMBER:01500196
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


S Nicholls
Director

Date: 3 July 2024

Page 2

 
KILN SUPPLY SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Kiln Supply Services Limited is a private company, limited by shares incorporated in England and Wales. The registered office is 6 Claremont Crescent, Rayleigh, Essex, SS6 9GZ.
The principal activity of the company continued to be that of a management company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
KILN SUPPLY SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 4

 
KILN SUPPLY SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance Sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
 
Page 5

 
KILN SUPPLY SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.13
Financial instruments (continued)


Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 6

 
KILN SUPPLY SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 January 2023
1,337



At 31 December 2023

1,337



Depreciation


At 1 January 2023
1,088


Charge for the year on owned assets
50



At 31 December 2023

1,138



Net book value



At 31 December 2023
199



At 31 December 2022
249


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
37,904



At 31 December 2023
37,904




Page 7

 
KILN SUPPLY SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
126,066
228,369

Other debtors
783
783

Prepayments and accrued income
470
308

127,319
229,460



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Other taxation and social security
5,146
4,796

Other creditors
3,562
2,631

Accruals and deferred income
124,500
113,500

143,208
130,927



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
22,499
32,500

22,499
32,500


Page 8

 
KILN SUPPLY SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 2-5 years

Bank loans
12,499
22,500


12,499
22,500


32,499
42,500



10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



12,000 (2022 - 12,000) Ordinary shares of £1.00 each
12,000
12,000
3,000 (2022 - 3,000) Ordinary A Shares shares of £1.00 each
3,000
3,000

15,000

15,000


Page 9

 
KILN SUPPLY SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Commitments under operating leases

At 31 December 2023 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
3,243
7,782

1 - 2 years
-
3,243

3,243
11,025

 
Page 10