2023-01-01 07478519 2023-12-31 07478519 2023-01-01 2023-12-31 07478519 2022-12-31 07478519 2022-01-01 2022-12-31 07478519 uk-core:WithinOneYear 2022-12-31 07478519 uk-core:WithinOneYear 2023-12-31 07478519 uk-core:ShareCapital 2023-12-31 07478519 uk-core:ShareCapital 2022-12-31 07478519 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 07478519 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 07478519 uk-bus:Director1 2023-01-01 2023-12-31 07478519 uk-bus:Director2 2023-01-01 2023-12-31 07478519 uk-core:NetGoodwill 2023-01-01 2023-12-31 07478519 uk-core:PlantMachinery 2023-01-01 2023-12-31 07478519 uk-core:OfficeEquipment 2023-01-01 2023-12-31 07478519 uk-core:Vehicles 2023-01-01 2023-12-31 07478519 uk-core:Goodwill 2022-12-31 07478519 uk-core:Goodwill 2023-12-31 07478519 uk-core:OfficeEquipment 2022-12-31 07478519 uk-core:Vehicles 2022-12-31 07478519 uk-core:PlantMachinery 2022-12-31 07478519 uk-core:PlantMachinery 2023-12-31 07478519 uk-core:Vehicles 2023-12-31 07478519 uk-core:OfficeEquipment 2023-12-31 iso4217:GBP xbrli:pure 07478519 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 07478519 uk-bus:FRS102 2023-01-01 2023-12-31 07478519 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 07478519 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
B A Kirk Engineering Ltd
Registered Number:07478519
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
B A Kirk Engineering Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
07478519
As at 31 December 2023
B A Kirk Engineering Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
145,030
126,739
3
145,030
126,739
Current assets
Inventories
37,133
37,133
4
Trade and other receivables
45,464
36,326
5
21,836
Cash and cash equivalents
44,514
117,973
104,433
Trade and other payables: amounts falling due within one year
(95,518)
(117,287)
6
8,915
686
Net current assets
Total assets less current liabilities
145,716
135,654
145,716
Net assets
135,654
Capital and reserves
Called up share capital
100
100
Retained earnings
145,616
135,554
145,716
135,654
Shareholders' funds
For the year ended 31 December 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Bruce Andrew Kirk Director
Mrs Maureen Kirk Director
These financial statements were approved and authorised for issue by the Board on 05 August 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2023
B A Kirk Engineering Ltd
Notes to the Financial Statements
Statutory Information
B A Kirk Engineering Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 07478519.
Registered address:
Tadwell Farm
Elm Lane
Minster
Sheppey, Kent
ME12 3SQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of 5 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 31 December 2023
B A Kirk Engineering Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 January 2023
20,000
At 31 December 2023
20,000
Amortisation
At 01 January 2023
20,000
At 31 December 2023
20,000
Net book value
At 31 December 2023
-
At 31 December 2022
-
3. Property, plant and equipment
Total
Computer
equipment
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or valuation
At 01 January 2023
364,072
3,077
16,320
344,675
66,647
-
-
66,647
Additions
At 31 December 2023
411,322
16,320
3,077
430,719
Provision for depreciation and impairment
At 01 January 2023
237,333
2,060
15,725
219,548
Charge for year
48,356
256
149
47,951
At 31 December 2023
285,689
2,316
15,874
267,499
At 31 December 2023
Net book value
143,823
446
761
145,030
At 31 December 2022
125,127
595
1,017
126,739
4. Inventories
2022
2023
£
£
Stocks
37,133
37,133
5. Trade and other receivables
2022
2023
£
£
Trade debtors
36,326
45,464
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6
For the year ended 31 December 2023
B A Kirk Engineering Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
15,658
11,412
Taxation and social security
4,752
4,370
Accruals and deferred income
2,200
2,200
Directors' loan accounts
81,523
62,285
Other creditors
13,154
15,251
117,287
95,518
7. Average number of persons employed
During the year the average number of employees was 8 (2022 : 8)
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