IRIS Accounts Production v24.1.0.578 03492421 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh034924212022-12-31034924212023-12-31034924212023-01-012023-12-31034924212021-12-31034924212022-01-012022-12-31034924212022-12-3103492421ns15:EnglandWales2023-01-012023-12-3103492421ns14:PoundSterling2023-01-012023-12-3103492421ns10:Director12023-01-012023-12-3103492421ns10:Director22023-01-012023-12-3103492421ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3103492421ns10:SmallEntities2023-01-012023-12-3103492421ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3103492421ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3103492421ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3103492421ns10:FullAccounts2023-01-012023-12-3103492421ns10:OrdinaryShareClass12023-01-012023-12-3103492421ns5:CurrentFinancialInstruments2023-12-3103492421ns5:CurrentFinancialInstruments2022-12-3103492421ns5:ShareCapital2023-12-3103492421ns5:ShareCapital2022-12-3103492421ns5:CapitalRedemptionReserve2023-12-3103492421ns5:CapitalRedemptionReserve2022-12-3103492421ns5:RetainedEarningsAccumulatedLosses2023-12-3103492421ns5:RetainedEarningsAccumulatedLosses2022-12-3103492421ns10:RegisteredOffice2023-01-012023-12-3103492421ns5:LandBuildings2022-12-3103492421ns5:PlantMachinery2022-12-3103492421ns5:LandBuildings2023-01-012023-12-3103492421ns5:PlantMachinery2023-01-012023-12-3103492421ns5:LandBuildings2023-12-3103492421ns5:PlantMachinery2023-12-3103492421ns5:LandBuildings2022-12-3103492421ns5:PlantMachinery2022-12-3103492421ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3103492421ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3103492421ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 03492421 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Kirk Newsholme Ltd

Kirk Newsholme Ltd (Registered number: 03492421)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Kirk Newsholme Ltd (Registered number: 03492421)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 196,002 238,107

CURRENT ASSETS
Debtors 5 1,246,467 1,034,684
Cash at bank and in hand 410,569 82,329
1,657,036 1,117,013
CREDITORS
Amounts falling due within one year 6 728,001 420,374
NET CURRENT ASSETS 929,035 696,639
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,125,037

934,746

PROVISIONS FOR LIABILITIES 38,508 48,508
NET ASSETS 1,086,529 886,238

CAPITAL AND RESERVES
Called up share capital 7 780 780
Capital redemption reserve 220 220
Retained earnings 1,085,529 885,238
SHAREHOLDERS' FUNDS 1,086,529 886,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

Kirk Newsholme Ltd (Registered number: 03492421)

Balance Sheet - continued
31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 June 2024 and were signed on its behalf by:




J P Smith - Director



Mrs J L Wright - Director


Kirk Newsholme Ltd (Registered number: 03492421)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Kirk Newsholme Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03492421

Registered office: 4315 Park Approach
Thorpe Park
Leeds
West Yorkshire
LS15 8GB

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and the Republic of Ireland" and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to give a true and fair view.

The financial statements have been prepared under the historical cost convention.

The functional and presentational currency of the company is considered to be pounds sterling.

Turnover and amounts recoverable on contracts
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred at the balance sheet date as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable. Appropriate provisions are made where time costs are not fully recoverable. Incomplete work of this type is included within debtors as ' Amounts recoverable on contracts'.

Tangible fixed assets
Tangible fixed assets are stated at purchase cost together with any incidental expenses of acquisition, net of depreciation and any provision for impairment.

Depreciation is provided on all tangible assets at rates calculated to write off the cost less estimated residual value of each asset on a straight line basis over its expected useful life as follows:

Leasehold improvements - over the period of the lease
Plant and machinery etc - 20% and 33.33% per annum on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an asset after deducting estimated costs of disposal, if the asset were already at an age and in the condition expected at the end of its estimated useful life.

The need for any fixed asset impairment write down is assessed by comparison of the carrying value of the assets against the higher of realisable value and value in use.

The gain or loss arising on the disposal of an asset is determined on the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.


Kirk Newsholme Ltd (Registered number: 03492421)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Taxation
Current tax, including UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date and are expected to apply to the reversal of the timing difference.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

Where material, the cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

All financial assets and liabilities are initially measured at transaction price (including transaction costs) unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

The following assets and liabilities are classified as basic financial instruments - trade debtors, other debtors,cash and bank balances and other creditors.

Trade debtors, other debtors, cash and bank balances and other creditors are measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.

Kirk Newsholme Ltd (Registered number: 03492421)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Impairment of assets
Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss as described below.

Non financial assets
An asset is impaired when there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Financial assets
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had the impairment loss not been recognised.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an Annual General Meeting.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2022 - 49 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 132,531 171,589 304,120
Additions 1,124 4,535 5,659
At 31 December 2023 133,655 176,124 309,779
DEPRECIATION
At 1 January 2023 12,048 53,965 66,013
Charge for year 12,048 35,716 47,764
At 31 December 2023 24,096 89,681 113,777
NET BOOK VALUE
At 31 December 2023 109,559 86,443 196,002
At 31 December 2022 120,483 117,624 238,107

Kirk Newsholme Ltd (Registered number: 03492421)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 986,016 830,238
Other debtors 260,451 204,446
1,246,467 1,034,684

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 628,534 397,664
Other creditors 99,467 22,710
728,001 420,374

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
780 Ordinary £1 780 780

8. PARENT COMPANY

The parent company is KN Holdings Limited, a company registered in England and Wales. The registered office of KN Holdings Limited is 4315 Park Approach, Thorpe Park, Leeds LS15 8GB.