Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity1722falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01064115 2023-04-01 2024-03-31 01064115 2022-04-01 2023-03-31 01064115 2024-03-31 01064115 2023-03-31 01064115 c:Director1 2023-04-01 2024-03-31 01064115 d:Buildings 2023-04-01 2024-03-31 01064115 d:Buildings 2024-03-31 01064115 d:Buildings 2023-03-31 01064115 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01064115 d:Buildings d:ShortLeaseholdAssets 2023-04-01 2024-03-31 01064115 d:PlantMachinery 2023-04-01 2024-03-31 01064115 d:PlantMachinery 2024-03-31 01064115 d:PlantMachinery 2023-03-31 01064115 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01064115 d:MotorVehicles 2023-04-01 2024-03-31 01064115 d:MotorVehicles 2024-03-31 01064115 d:MotorVehicles 2023-03-31 01064115 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01064115 d:OfficeEquipment 2023-04-01 2024-03-31 01064115 d:OfficeEquipment 2024-03-31 01064115 d:OfficeEquipment 2023-03-31 01064115 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01064115 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01064115 d:CurrentFinancialInstruments 2024-03-31 01064115 d:CurrentFinancialInstruments 2023-03-31 01064115 d:Non-currentFinancialInstruments 2024-03-31 01064115 d:Non-currentFinancialInstruments 2023-03-31 01064115 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 01064115 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01064115 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 01064115 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 01064115 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 01064115 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 01064115 d:ShareCapital 2024-03-31 01064115 d:ShareCapital 2023-03-31 01064115 d:CapitalRedemptionReserve 2024-03-31 01064115 d:CapitalRedemptionReserve 2023-03-31 01064115 d:RetainedEarningsAccumulatedLosses 2024-03-31 01064115 d:RetainedEarningsAccumulatedLosses 2023-03-31 01064115 c:OrdinaryShareClass1 2023-04-01 2024-03-31 01064115 c:OrdinaryShareClass1 2024-03-31 01064115 c:OrdinaryShareClass1 2023-03-31 01064115 c:OrdinaryShareClass2 2023-04-01 2024-03-31 01064115 c:OrdinaryShareClass2 2024-03-31 01064115 c:OrdinaryShareClass2 2023-03-31 01064115 c:OrdinaryShareClass3 2023-04-01 2024-03-31 01064115 c:OrdinaryShareClass3 2024-03-31 01064115 c:OrdinaryShareClass3 2023-03-31 01064115 c:FRS102 2023-04-01 2024-03-31 01064115 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01064115 c:FullAccounts 2023-04-01 2024-03-31 01064115 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01064115 2 2023-04-01 2024-03-31 01064115 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-03-31 01064115 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 01064115 d:LeasedAssetsHeldAsLessee 2024-03-31 01064115 d:LeasedAssetsHeldAsLessee 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 01064115














KENHIRE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024

 
KENHIRE LIMITED
REGISTERED NUMBER: 01064115

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
                                                                      Note

Fixed assets
  

Tangible assets
 4 
2,176,319
1,748,404

Current assets
  

Stocks
  
14,532
11,027

Debtors: amounts falling due within one year
 5 
165,330
153,562

Cash at bank and in hand
  
58,953
64,903

  
238,815
229,492

Creditors: amounts falling due within one year
 6 
(1,255,995)
(1,089,456)

Net current liabilities
  
 
 
(1,017,180)
 
 
(859,964)

Total assets less current liabilities
  
1,159,139
888,440

Creditors: amounts falling due after more than one year
 7 
(673,932)
(388,908)

  

Net assets
  
£485,207
£499,532


Capital and reserves
  

Called up share capital 
 9 
8,160
8,160

Capital redemption reserve
  
3,840
3,840

Profit and loss account
  
473,207
487,532

  
£485,207
£499,532


Page 1

 
KENHIRE LIMITED
REGISTERED NUMBER: 01064115

BALANCE SHEET (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 26 July 2024.



___________________________
Mr P R Kennedy
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
KENHIRE LIMITED
 

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

1.


General information

Kenhire Limited is a private company, limited by shares, incorporated in England and Wales. 
The registered number is 01064115.  
The registered office of the company is Henwood, Ashford, Kent, TN24 8DH.
The principle place of business of the company is Henwood Industrial Estate, Ashford, Kent, TN24 8DX.

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

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:

Sale of goods

Revenue 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 revenue 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.

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.

 
2.3

Interest income

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

Page 3

 
KENHIRE LIMITED
 

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

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Borrowing costs

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

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

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:

Freehold property
-
Not depreciated
Freehold improvements
-
5% Reducing balance
Plant and machinery
-
20% Reducing balance
Motor vehicles
-
20% Reducing balance
Office equipment
-
25% and 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.

 
2.8

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 balance sheet 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

 
KENHIRE LIMITED
 

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

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

 
2.11

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 17 (2023 - 22).

Page 5

 
KENHIRE LIMITED
 

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

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Office equipment
Total



Cost or valuation


At 1 April 2023
292,710
300,965
2,543,137
68,323
3,205,135


Additions
5,189
3,999
1,137,872
930
1,147,990


Disposals
-
-
(648,654)
-
(648,654)



At 31 March 2024

297,899
304,964
3,032,355
69,253
3,704,471



Depreciation


At 1 April 2023
158,283
269,211
967,492
61,745
1,456,731


Charge for the year on owned assets
4,440
6,842
416,380
1,447
429,109


Disposals
-
-
(357,688)
-
(357,688)



At 31 March 2024

162,723
276,053
1,026,184
63,192
1,528,152



Net book value



At 31 March 2024
£135,176
£28,911
£2,006,171
£6,061
£2,176,319



At 31 March 2023
£134,427
£31,754
£1,575,645
£6,578
£1,748,404

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023



Motor vehicles
1,612,911
946,729

£1,612,911
£946,729

Page 6

 
KENHIRE LIMITED
 

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

5.


Debtors

2024
2023


Trade debtors
128,096
118,271

Prepayments and accrued income
37,234
35,291

£165,330
£153,562



6.


Creditors: Amounts falling due within one year

2024
2023

Other loans
3,602
50,024

Trade creditors
75,259
154,945

Other taxation and social security
35,312
42,108

Obligations under finance lease and hire purchase contracts
641,802
386,005

Other creditors
89,379
74,924

Accruals and deferred income
410,641
381,450

£1,255,995
£1,089,456


The following liabilities were secured:

2024
2023



Obligations under finance lease and hire purchase contracts
641,802
364,893

641,802
364,893

Details of security provided:

Obligations under finance leases and hire purchase contracts are secured on the assets concerned, by a fixed and floating charge.

Page 7

 
KENHIRE LIMITED
 

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

7.


Creditors: Amounts falling due after more than one year

2024
2023

Other loans
-
4,117

Net obligations under finance leases and hire purchase contracts
673,932
384,791

£673,932
£388,908


The following liabilities were secured:

2024
2023



Obligations under finance leases and hire purchase contracts
673,932
384,791

673,932
384,791

Details of security provided:

Obligations under finance leases and hire purchase contracts are secured on the assets concerned, by a fixed and floating charge.

Page 8

 
KENHIRE LIMITED
 

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

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023

Amounts falling due within one year

Other loans
3,602
50,024


3,602
50,024

Amounts falling due 1-2 years

Other loans
-
4,117


-
4,117



£3,602
£54,141


Page 9

 
KENHIRE LIMITED
 

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

9.


Share capital

2024
2023
Allotted, called up and fully paid



3,060 (2023 - 3,060) Ordinary shares of £1.00 each
3,060
3,060
3,060 (2023 - 3,060) Ordinary "A" shares of £1.00 each
3,060
3,060
2,040 (2023 - 2,040) Ordinary "B" shares of £1.00 each
2,040
2,040

£8,160

£8,160



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £5,992 (2023 - £19,734) contributions totalling £1,078 (2023 - £2,244) was payable to the fund at the balance sheet date and are included in creditors.

Page 10