Registered Number:07478519 |
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
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
B A Kirk Engineering Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
145,030
126,739
3
145,030
126,739
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
100
100
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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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. |
Tadwell Farm
Elm Lane
Minster
Sheppey, Kent
ME12 3SQ
The presentation currency is £ sterling. |
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
Computer equipment
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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For the year ended 31 December 2023
B A Kirk Engineering Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
20,000
20,000
20,000
20,000
-
-
3. Property, plant and equipment |
Motor vehicles
364,072
3,077
16,320
344,675
66,647
-
-
66,647
411,322
16,320
3,077
430,719
Provision for depreciation and impairment |
237,333
2,060
15,725
219,548
Charge for year
48,356
256
149
47,951
285,689
2,316
15,874
267,499
143,823
446
761
145,030
125,127
595
1,017
126,739
2022
2023
37,133
37,133
5. Trade and other receivables |
2022
2023
36,326
45,464
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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
15,658
11,412
Taxation and social security |
4,752
4,370
Accruals and deferred income |
2,200
2,200
81,523
62,285
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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