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REGISTERED NUMBER: 02571628 (England and Wales)













Unaudited Financial Statements for the Year Ended 31 December 2023

for

Kestrel Electrical Systems Limited

Kestrel Electrical Systems Limited (Registered number: 02571628)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Kestrel Electrical Systems Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: N J Knowles
S S Horley





REGISTERED OFFICE: Kestrel House
Beeches Road
Rowley Regis
West Midlands
B65 0BB





REGISTERED NUMBER: 02571628 (England and Wales)





ACCOUNTANTS: Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Kestrel Electrical Systems Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kestrel Electrical Systems Limited for the year ended 31 December 2023 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Kestrel Electrical Systems Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kestrel Electrical Systems Limited and state those matters that we have agreed to state to the Board of Directors of Kestrel Electrical Systems Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kestrel Electrical Systems Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kestrel Electrical Systems Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kestrel Electrical Systems Limited. You consider that Kestrel Electrical Systems Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kestrel Electrical Systems Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS


15 July 2024

Kestrel Electrical Systems Limited (Registered number: 02571628)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 128,467 117,327

CURRENT ASSETS
Stocks 1,568 6,237
Debtors 5 144,747 140,158
Cash at bank and in hand 268,094 58,999
414,409 205,394
CREDITORS
Amounts falling due within one year 6 (183,065 ) (84,986 )
NET CURRENT ASSETS 231,344 120,408
TOTAL ASSETS LESS CURRENT
LIABILITIES

359,811

237,735

CREDITORS
Amounts falling due after more than
one year

7

(119,011

)

(124,890

)

PROVISIONS FOR LIABILITIES (32,117 ) (22,292 )
NET ASSETS 208,683 90,553

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 208,583 90,453
208,683 90,553

Kestrel Electrical Systems Limited (Registered number: 02571628)

Balance Sheet - continued
31 December 2023


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

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2024 and were signed on its behalf by:




N J Knowles - Director



S S Horley - Director


Kestrel Electrical Systems Limited (Registered number: 02571628)

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

1. STATUTORY INFORMATION

Kestrel Electrical Systems 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on straight line
Plant and machinery - 15% on reducing balance and Straight line over 4 years
Motor vehicles - Straight line over 4 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Kestrel Electrical Systems Limited (Registered number: 02571628)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2023 31,371 11,106 119,921 162,398
Additions - 313 35,858 36,171
At 31 December 2023 31,371 11,419 155,779 198,569
DEPRECIATION
At 1 January 2023 31,371 6,249 7,451 45,071
Charge for year - 1,189 23,842 25,031
At 31 December 2023 31,371 7,438 31,293 70,102
NET BOOK VALUE
At 31 December 2023 - 3,981 124,486 128,467
At 31 December 2022 - 4,857 112,470 117,327

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 33,212 29,171
Amounts owed by group undertakings 98,817 98,817
Other debtors 12,718 12,170
144,747 140,158

Kestrel Electrical Systems Limited (Registered number: 02571628)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,146 9,894
Hire purchase contracts 23,742 17,466
Trade creditors 16,653 13,457
Taxation and social security 129,396 42,444
Other creditors 3,128 1,725
183,065 84,986

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 14,806 24,947
Hire purchase contracts 104,205 99,943
119,011 124,890

8. ULTIMATE CONTROLLING PARTY

The company was under the control of its directors throughout the current and previous year.

The ultimate parent undertaking is KES Holdings Limited, a company registered in England and Wales.