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KENNETH ACOCK LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024






KENNETH ACOCK LIMITED (REGISTERED NUMBER: 00749431)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KENNETH ACOCK LIMITED

COMPANY INFORMATION
for the Year Ended 31st March 2024







DIRECTORS: K Moses
I Moses





REGISTERED OFFICE: Liverpool Road Studios
Suites 3 & 4
113 Liverpool Road
Crosby
Merseyside
L23 5TD





REGISTERED NUMBER: 00749431 (England and Wales)





ACCOUNTANTS: Garner & Associates Ltd
Liverpool Road Studios
Suites 3 & 4
113 Liverpool Road
Crosby
Merseyside
L23 5TD

KENNETH ACOCK LIMITED (REGISTERED NUMBER: 00749431)

BALANCE SHEET
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,177,408 2,211,458

CURRENT ASSETS
Stocks 75,469 68,409
Debtors 5 387,970 332,473
Cash at bank 689,971 961,682
1,153,410 1,362,564
CREDITORS
Amounts falling due within one year 6 204,872 253,067
NET CURRENT ASSETS 948,538 1,109,497
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,125,946

3,320,955

PROVISIONS FOR LIABILITIES 209,081 209,081
NET ASSETS 2,916,865 3,111,874

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 7 1,387,633 1,387,633
Retained earnings 1,528,232 1,723,241
2,916,865 3,111,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

KENNETH ACOCK LIMITED (REGISTERED NUMBER: 00749431)

BALANCE SHEET - continued
31st March 2024


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 6th August 2024 and were signed on its behalf by:





K Moses - Director


KENNETH ACOCK LIMITED (REGISTERED NUMBER: 00749431)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Kenneth Acock 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.
Freehold property - not provided
Plant and machinery - 5% on reducing balance
Motor vehicles - 5% on reducing balance

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 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 30 ) .

KENNETH ACOCK LIMITED (REGISTERED NUMBER: 00749431)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1st April 2023
and 31st March 2024 1,530,467 1,279,059 590,449 3,399,975
DEPRECIATION
At 1st April 2023 - 666,983 521,534 1,188,517
Charge for year - 30,604 3,446 34,050
At 31st March 2024 - 697,587 524,980 1,222,567
NET BOOK VALUE
At 31st March 2024 1,530,467 581,472 65,469 2,177,408
At 31st March 2023 1,530,467 612,076 68,915 2,211,458

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 279,678 219,826
Other debtors 108,292 112,647
387,970 332,473

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 33,341 37,756
Hire purchase contracts 64,820 84,420
Trade creditors 67,375 74,370
Taxation and social security 24,744 43,665
Other creditors 14,592 12,856
204,872 253,067

7. RESERVES
Revaluation
reserve
£   
At 1st April 2023
and 31st March 2024 1,387,633