IRIS Accounts Production v24.1.9.2 05716691 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh057166912023-02-28057166912024-02-29057166912023-03-012024-02-29057166912022-02-28057166912022-03-012023-02-28057166912023-02-2805716691ns15:EnglandWales2023-03-012024-02-2905716691ns14:PoundSterling2023-03-012024-02-2905716691ns10:Director12023-03-012024-02-2905716691ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2905716691ns10:SmallEntities2023-03-012024-02-2905716691ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2905716691ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2905716691ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2905716691ns10:FullAccounts2023-03-012024-02-290571669112023-03-012024-02-2905716691ns10:OrdinaryShareClass12023-03-012024-02-2905716691ns10:Director22023-03-012024-02-2905716691ns10:Director32023-03-012024-02-2905716691ns10:Director42023-03-012024-02-2905716691ns10:CompanySecretary12023-03-012024-02-2905716691ns10:RegisteredOffice2023-03-012024-02-2905716691ns5:CurrentFinancialInstruments2024-02-2905716691ns5:CurrentFinancialInstruments2023-02-2805716691ns5:ShareCapital2024-02-2905716691ns5:ShareCapital2023-02-2805716691ns5:RetainedEarningsAccumulatedLosses2024-02-2905716691ns5:RetainedEarningsAccumulatedLosses2023-02-2805716691ns5:NetGoodwill2023-03-012024-02-2905716691ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2905716691ns5:PlantMachinery2023-03-012024-02-2905716691ns5:FurnitureFittings2023-03-012024-02-2905716691ns5:MotorVehicles2023-03-012024-02-2905716691ns5:NetGoodwill2023-02-2805716691ns5:NetGoodwill2024-02-2905716691ns5:NetGoodwill2023-02-2805716691ns5:PlantMachinery2023-02-2805716691ns5:FurnitureFittings2023-02-2805716691ns5:MotorVehicles2023-02-2805716691ns5:PlantMachinery2024-02-2905716691ns5:FurnitureFittings2024-02-2905716691ns5:MotorVehicles2024-02-2905716691ns5:PlantMachinery2023-02-2805716691ns5:FurnitureFittings2023-02-2805716691ns5:MotorVehicles2023-02-2805716691ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2905716691ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2805716691ns10:OrdinaryShareClass12024-02-29
REGISTERED NUMBER: 05716691 (England and Wales)












Financial Statements

for the Year Ended 29th February 2024

for

RICHARD KEMP CAR REPAIRS LIMITED

RICHARD KEMP CAR REPAIRS LIMITED (REGISTERED NUMBER: 05716691)

Contents of the Financial Statements
for the year ended 29th February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RICHARD KEMP CAR REPAIRS LIMITED

Company Information
for the year ended 29th February 2024







DIRECTORS: G Ingrao
Mrs L Ingrao
A D Tookey
Mrs S D Tookey



SECRETARY: Mrs S D Tookey



REGISTERED OFFICE: 1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR



REGISTERED NUMBER: 05716691 (England and Wales)



ACCOUNTANTS: Attenboroughs (Accountants) Limited
Chartered Certified Accountants
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR



BANKERS: Lloyds TSB
1 Silver Street
Enfield
Middlesex
EN1 3EE

RICHARD KEMP CAR REPAIRS LIMITED (REGISTERED NUMBER: 05716691)

Balance Sheet
29th February 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,660 2,212
1,660 2,212

CURRENT ASSETS
Stocks 220 220
Debtors 6 10,229 10,915
Cash at bank 71,884 57,371
82,333 68,506
CREDITORS
Amounts falling due within one year 7 36,434 36,876
NET CURRENT ASSETS 45,899 31,630
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,559

33,842

PROVISIONS FOR LIABILITIES 315 420
NET ASSETS 47,244 33,422

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 47,144 33,322
SHAREHOLDERS' FUNDS 47,244 33,422

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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.

RICHARD KEMP CAR REPAIRS LIMITED (REGISTERED NUMBER: 05716691)

Balance Sheet - continued
29th February 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 29th July 2024 and were signed on its behalf by:





A D Tookey - Director


RICHARD KEMP CAR REPAIRS LIMITED (REGISTERED NUMBER: 05716691)

Notes to the Financial Statements
for the year ended 29th February 2024


1. STATUTORY INFORMATION

RICHARD KEMP CAR REPAIRS 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, has been amortised evenly over its estimated useful life of three years.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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.


RICHARD KEMP CAR REPAIRS LIMITED (REGISTERED NUMBER: 05716691)

Notes to the Financial Statements - continued
for the year ended 29th February 2024


2. ACCOUNTING POLICIES - continued
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 5 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st March 2023
and 29th February 2024 18,200
AMORTISATION
At 1st March 2023
and 29th February 2024 18,200
NET BOOK VALUE
At 29th February 2024 -
At 28th February 2023 -

RICHARD KEMP CAR REPAIRS LIMITED (REGISTERED NUMBER: 05716691)

Notes to the Financial Statements - continued
for the year ended 29th February 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st March 2023
and 29th February 2024 21,215 2,794 250 24,259
DEPRECIATION
At 1st March 2023 19,382 2,440 225 22,047
Charge for year 458 88 6 552
At 29th February 2024 19,840 2,528 231 22,599
NET BOOK VALUE
At 29th February 2024 1,375 266 19 1,660
At 28th February 2023 1,833 354 25 2,212

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade debtors 2,939 3,824
Rent deposit 3,125 3,125
Prepayments 4,165 3,966
10,229 10,915

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade creditors 7,469 8,523
Tax 5,693 7,281
Social security and other taxes 242 258
VAT 5,533 6,045
Directors' current accounts 14,277 11,549
Accrued expenses 3,220 3,220
36,434 36,876

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29/2/24 28/2/23
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The company is under the control of any three of the four company directors.