Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activity2023-04-01false22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 2000509 2023-04-01 2024-03-31 2000509 2022-04-01 2023-03-31 2000509 2024-03-31 2000509 2023-03-31 2000509 c:CompanySecretary1 2023-04-01 2024-03-31 2000509 c:Director1 2023-04-01 2024-03-31 2000509 c:Director2 2023-04-01 2024-03-31 2000509 c:RegisteredOffice 2023-04-01 2024-03-31 2000509 d:PlantMachinery 2023-04-01 2024-03-31 2000509 d:PlantMachinery 2024-03-31 2000509 d:PlantMachinery 2023-03-31 2000509 d:MotorVehicles 2023-04-01 2024-03-31 2000509 d:MotorVehicles 2024-03-31 2000509 d:MotorVehicles 2023-03-31 2000509 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 2000509 d:OtherPropertyPlantEquipment 2024-03-31 2000509 d:OtherPropertyPlantEquipment 2023-03-31 2000509 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 2000509 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 2000509 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 2000509 d:CurrentFinancialInstruments 2024-03-31 2000509 d:CurrentFinancialInstruments 2023-03-31 2000509 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 2000509 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 2000509 d:ShareCapital 2024-03-31 2000509 d:ShareCapital 2023-03-31 2000509 d:RetainedEarningsAccumulatedLosses 2024-03-31 2000509 d:RetainedEarningsAccumulatedLosses 2023-03-31 2000509 c:OrdinaryShareClass1 2023-04-01 2024-03-31 2000509 c:OrdinaryShareClass1 2024-03-31 2000509 c:OrdinaryShareClass2 2023-04-01 2024-03-31 2000509 c:OrdinaryShareClass2 2024-03-31 2000509 c:OrdinaryShareClass3 2023-04-01 2024-03-31 2000509 c:OrdinaryShareClass3 2023-03-31 2000509 c:FRS102 2023-04-01 2024-03-31 2000509 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 2000509 c:FullAccounts 2023-04-01 2024-03-31 2000509 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 2000509 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:InternallyGeneratedIntangibleAssets 2023-04-01 2024-03-31 2000509 2 2023-04-01 2024-03-31 2000509 6 2023-04-01 2024-03-31 2000509 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 2000509










KENNETH ARGO LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
KENNETH ARGO LIMITED
 

COMPANY INFORMATION


Directors
Mr K B Argo 
Mrs H M Argo 




Company secretary
Mrs H M Argo



Registered number
2000509



Registered office
30 Church Street
Weldon

Corby

Northamptonshire

NN17 3JY




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
KENNETH ARGO LIMITED
REGISTERED NUMBER: 2000509

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
1

Tangible assets
 5 
-
298,579

Investments
 6 
450,003
10

  
450,003
298,590

Current assets
  

Stocks
  
-
537,259

Debtors: amounts falling due within one year
 7 
121,022
43,166

Cash at bank and in hand
  
75,426
187,379

  
196,448
767,804

Creditors: amounts falling due within one year
 8 
(3,500)
(203,510)

Net current assets
  
 
 
192,948
 
 
564,294

Total assets less current liabilities
  
642,951
862,884

Provisions for liabilities
  

Deferred tax
  
-
(39,815)

  
 
 
-
 
 
(39,815)

Net assets
  
642,951
823,069


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
642,851
822,969

  
642,951
823,069


Page 1

 
KENNETH ARGO LIMITED
REGISTERED NUMBER: 2000509

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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 on 3 July 2024.




Mr K B Argo
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
KENNETH ARGO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Kenneth Argo Limited is a private company, limited by shares, incorporated in England with the registration number 2000509. The registered office address is 30 Church Street, Weldon, Corby, Northamptonshire, NN17 3JY.

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

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 reporting date in the countries where the Company operates and generates income.

Page 3

 
KENNETH ARGO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

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:

Plant and equipment
-
12.50% reducing balance
Motor vehicles
-
25% reducing balance
Tenant's improvements
-
4% straight line

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.

 
2.7

Valuation of investments

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

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
KENNETH ARGO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.10

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 Statement of financial position 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.

  
2.11

EU support schemes

Income from the Basic Payment Scheme is not recognised until 31 December of the relevant scheme year, when all conditions of the scheme have been complied with.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
KENNETH ARGO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Intangible assets




Storage capacity

£





At 1 April 2023
85,000


Additions - internal
(85,000)



At 31 March 2024

-





At 1 April 2023
84,999


On disposals
(84,999)



At 31 March 2024

-



Net book value



At 31 March 2024
-



At 31 March 2023
1




5.


Tangible fixed assets





Plant & machinery
Motor vehicles
Tenant's improvements
Total

£
£
£
£





At 1 April 2023
306,444
816
164,459
471,719


Disposals
(306,444)
(816)
(164,459)
(471,719)



At 31 March 2024

-
-
-
-





At 1 April 2023
149,911
738
22,491
173,140


Disposals
(149,911)
(738)
(22,491)
(173,140)



At 31 March 2024

-
-
-
-



Net book value



At 31 March 2024
-
-
-
-



At 31 March 2023
156,533
78
141,968
298,579

Page 6

 
KENNETH ARGO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Fixed asset investments





Listed investments
Trade investments
Total

£
£
£



Cost or valuation


At 1 April 2023
-
10
10


Additions
395,000
-
395,000


Revaluations
54,993
-
54,993



At 31 March 2024

449,993
10
450,003





7.


Debtors

2024
2023
£
£


Other debtors
79,596
33,802

Prepayments and accrued income
-
9,364

Tax recoverable
41,426
-

121,022
43,166



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
19,845

Accruals and deferred income
3,500
3,500

Other taxation and social security
-
31,032

Other creditors
-
149,133

3,500
203,510


Page 7

 
KENNETH ARGO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



93 (2023 - ) Ordinary A shares of £1.00 each
93
-
7 (2023 - ) Ordinary B shares of £1.00 each
7
-
0 (2023 - 100) Ordinary shares of £1.00 each
-
100

100

100

On 31 July 2023 the company reclassified its share capital into 93 Ordinary 'A' £1  and 7 Ordinary  'B'             £1 shares.



Page 8