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REGISTERED NUMBER: 14706623 (England and Wales)















Unaudited Financial Statements

for the Period 6th March 2023 to 31st March 2024

for

KENGILL LIMITED

KENGILL LIMITED (REGISTERED NUMBER: 14706623)






Contents of the Financial Statements
for the Period 6th March 2023 to 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KENGILL LIMITED

Company Information
for the Period 6th March 2023 to 31st March 2024







DIRECTOR: Mr K J Rhynas





REGISTERED OFFICE: 5 Longport Close
Ilford
London
IG6 3EF





REGISTERED NUMBER: 14706623 (England and Wales)





ACCOUNTANTS: Abrams Ashton - Chorley Limited
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

KENGILL LIMITED (REGISTERED NUMBER: 14706623)

Balance Sheet
31st March 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 622

CURRENT ASSETS
Debtors 5 7,700
Cash at bank 1,061
8,761
CREDITORS
Amounts falling due within one year 6 7,568
NET CURRENT ASSETS 1,193
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,815

PROVISIONS FOR LIABILITIES 118
NET ASSETS 1,697

CAPITAL AND RESERVES
Called up share capital 7 100
Retained earnings 1,597
SHAREHOLDERS' FUNDS 1,697

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2nd September 2024 and were signed by:




Mr K J Rhynas - Director


KENGILL LIMITED (REGISTERED NUMBER: 14706623)

Notes to the Financial Statements
for the Period 6th March 2023 to 31st March 2024

1. STATUTORY INFORMATION

Kengill 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.

These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A for small entities.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents amounts received for services supplied.

Revenue is recognised when services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - straight line over 3 years

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Taxation
Taxation for the period 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.


KENGILL LIMITED (REGISTERED NUMBER: 14706623)

Notes to the Financial Statements - continued
for the Period 6th March 2023 to 31st March 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 period 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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments’ of FRS 102 to all its financial instruments.
Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 712
At 31st March 2024 712
DEPRECIATION
Charge for period 90
At 31st March 2024 90
NET BOOK VALUE
At 31st March 2024 622

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 7,700

KENGILL LIMITED (REGISTERED NUMBER: 14706623)

Notes to the Financial Statements - continued
for the Period 6th March 2023 to 31st March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Tax 6,119
Directors' current accounts 249
Accrued expenses 1,200
7,568

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr K J Rhynas.