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REGISTERED NUMBER: 00661182 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

K.and A.Furness Limited

K.and A.Furness Limited (Registered number: 00661182)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


K.and A.Furness Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: D Atkinson





REGISTERED OFFICE: Units B7 & B8 Greengate Industrial Estat
Greenside Way
Middleton
Manchester
M24 1SW





REGISTERED NUMBER: 00661182 (England and Wales)





ACCOUNTANTS: PKW LLP Chartered Accountants
Cloth Hall
150 Drake Street
Rochdale
Lancashire
OL16 1PX

K.and A.Furness Limited (Registered number: 00661182)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,054 5,769

CURRENT ASSETS
Stocks 10,925 28,065
Debtors 5 36,156 41,058
Cash at bank and in hand 75,297 110,163
122,378 179,286
CREDITORS
Amounts falling due within one year 6 69,002 111,437
NET CURRENT ASSETS 53,376 67,849
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,430

73,618

PROVISIONS FOR LIABILITIES 1,185 1,537
NET ASSETS 56,245 72,081

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 7 36,309 36,309
Retained earnings 18,936 34,772
SHAREHOLDERS' FUNDS 56,245 72,081

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 August 2024 and were signed by:





D Atkinson - Director


K.and A.Furness Limited (Registered number: 00661182)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

K.and A.Furness 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.
Plant and Machinery - 15% on reducing balance
Fixtures, Fittings and Office Equipment - 15% on reducing balance
Commercial 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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

K.and A.Furness Limited (Registered number: 00661182)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures,
Fittings
and
Plant and Office Commercial
Machinery Equipment Vehicles Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 89,443 28,938 27,395 145,776
DEPRECIATION
At 1 June 2023 87,440 28,130 24,437 140,007
Charge for year 300 131 1,284 1,715
At 31 May 2024 87,740 28,261 25,721 141,722
NET BOOK VALUE
At 31 May 2024 1,703 677 1,674 4,054
At 31 May 2023 2,003 808 2,958 5,769

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 35,256 40,308
Other debtors 900 750
36,156 41,058

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 43,966 46,892
Taxation and social security 18,272 16,102
Other creditors 6,764 48,443
69,002 111,437

7. RESERVES
Revaluation
reserve
£   
At 1 June 2023
and 31 May 2024 36,309

8. POST BALANCE SHEET EVENTS

On 28/06/2024, the entire share capital of K.and A.Furness Limited was acquired by D. Atkinson Maintenance Limited.