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REGISTERED NUMBER: 05070096 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

KENNADYS LIMITED

KENNADYS LIMITED (REGISTERED NUMBER: 05070096)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KENNADYS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: K Eastwood
H Eastwood
E J Tait





SECRETARY: H Eastwood





REGISTERED OFFICE: Five Ways
57/59 Hatfield Road
Potters Bar
Hertfordshire
EN6 1HS





REGISTERED NUMBER: 05070096 (England and Wales)





ACCOUNTANTS: SRG Newmans Limited
Five Ways
57-59 Hatfield Road
Potters Bar
Hertfordshire
EN6 1HS

KENNADYS LIMITED (REGISTERED NUMBER: 05070096)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 18,895
Tangible assets 5 15,854 23,502
15,854 42,397

CURRENT ASSETS
Stocks 31,196 30,653
Debtors 6 10,993 10,429
Cash at bank 126,835 126,524
169,024 167,606
CREDITORS
Amounts falling due within one year 7 130,478 118,885
NET CURRENT ASSETS 38,546 48,721
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,400

91,118

CREDITORS
Amounts falling due after more than one
year

8

13,040

22,991
NET ASSETS 41,360 68,127

CAPITAL AND RESERVES
Called up share capital 8 2
Retained earnings 41,352 68,125
SHAREHOLDERS' FUNDS 41,360 68,127

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

KENNADYS LIMITED (REGISTERED NUMBER: 05070096)

BALANCE SHEET - continued
31 MARCH 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 24 August 2024 and were signed on its behalf by:





H Eastwood - Director


KENNADYS LIMITED (REGISTERED NUMBER: 05070096)

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

1. STATUTORY INFORMATION

Kennadys 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 2005, is being amortised evenly over its estimated useful life of twenty 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.

Website development costs are being amortised evenly over their estimated useful life of three years.

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 cost
Fixtures and fittings - 25% on reducing balance and 25% on cost
Computer equipment - 25% on reducing balance and 25% on cost

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.


KENNADYS LIMITED (REGISTERED NUMBER: 05070096)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 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 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 33 (2023 - 37 ) .

4. INTANGIBLE FIXED ASSETS
Website
development
Goodwill costs Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 377,916 2,150 380,066
AMORTISATION
At 1 April 2023 359,021 2,150 361,171
Amortisation for year 18,895 - 18,895
At 31 March 2024 377,916 2,150 380,066
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 18,895 - 18,895

KENNADYS LIMITED (REGISTERED NUMBER: 05070096)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 3,500 250,981 24,331 278,812
Additions - 5,525 5,913 11,438
At 31 March 2024 3,500 256,506 30,244 290,250
DEPRECIATION
At 1 April 2023 2,625 231,019 21,666 255,310
Charge for year 875 15,846 2,365 19,086
At 31 March 2024 3,500 246,865 24,031 274,396
NET BOOK VALUE
At 31 March 2024 - 9,641 6,213 15,854
At 31 March 2023 875 19,962 2,665 23,502

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 10,993 10,429

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,398 9,398
Trade creditors 38,738 35,569
Taxation and social security 77,255 68,918
Other creditors 5,087 5,000
130,478 118,885

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 13,040 22,991

9. OTHER FINANCIAL COMMITMENTS

A debenture was created on 29th April 2004 by HSBC Bank PLC securing a charge over the company.

KENNADYS LIMITED (REGISTERED NUMBER: 05070096)

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

10. RELATED PARTY DISCLOSURES

During the year, rent of £936 (2023: £624) was paid to the Directors for use of home as office.

As at 31st March 2024 the directors Mr K and Mrs H Eastwood were owed £396 (2023: £1).

As at 31st March 2024 the director Mrs E Tait was owed £1,444 (2023: Nil).