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REGISTERED NUMBER: 04581901 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

KEV GARRETTY LIMITED

KEV GARRETTY LIMITED (REGISTERED NUMBER: 04581901)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEV GARRETTY LIMITED

Company Information
for the Year Ended 30 November 2023







DIRECTORS: K Garretty
Mrs K A Garretty





REGISTERED OFFICE: Watson House
33 Burton Road
Sheffield
South Yorkshire
S3 8BX





REGISTERED NUMBER: 04581901 (England and Wales)





ACCOUNTANTS: Carter Smith
12/14 Church Street
Ecclesfield
Sheffield
South Yorkshire
S35 9WE

KEV GARRETTY LIMITED (REGISTERED NUMBER: 04581901)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 19,546 23,437
19,546 23,437

CURRENT ASSETS
Stocks 11,000 11,000
Debtors 6 123,391 140,996
Cash at bank 18,693 132,668
153,084 284,664
CREDITORS
Amounts falling due within one year 7 95,314 226,013
NET CURRENT ASSETS 57,770 58,651
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,316

82,088

CREDITORS
Amounts falling due after more than one
year

8

(9,400

)

(15,471

)

PROVISIONS FOR LIABILITIES (5,180 ) (6,211 )
NET ASSETS 62,736 60,406

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 62,726 60,396
SHAREHOLDERS' FUNDS 62,736 60,406

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

KEV GARRETTY LIMITED (REGISTERED NUMBER: 04581901)

Balance Sheet - continued
30 November 2023


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 1 July 2024 and were signed on its behalf by:





K Garretty - Director


KEV GARRETTY LIMITED (REGISTERED NUMBER: 04581901)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Kev Garretty 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 15% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

KEV GARRETTY LIMITED (REGISTERED NUMBER: 04581901)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 30,000
AMORTISATION
At 1 December 2022
and 30 November 2023 30,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 96,254
DEPRECIATION
At 1 December 2022 72,817
Charge for year 3,891
At 30 November 2023 76,708
NET BOOK VALUE
At 30 November 2023 19,546
At 30 November 2022 23,437

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 73,824 77,594
Other debtors 49,567 63,402
123,391 140,996

KEV GARRETTY LIMITED (REGISTERED NUMBER: 04581901)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 6,071 5,922
Trade creditors 43,574 80,716
Taxation and social security 39,624 132,428
Other creditors 6,045 6,947
95,314 226,013

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 9,400 15,471

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
K Garretty
Balance outstanding at start of year 63,402 63,402
Amounts repaid (13,835 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 49,567 63,402