Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Mr M Grigg 22/02/2024 29/04/2014 Mr K Kendall 22/02/2024 26 September 2024 The principle activity of the business is farm contracting. 09016080 2023-12-31 09016080 bus:Director1 2023-12-31 09016080 bus:Director2 2023-12-31 09016080 2022-12-31 09016080 core:CurrentFinancialInstruments 2023-12-31 09016080 core:CurrentFinancialInstruments 2022-12-31 09016080 core:Non-currentFinancialInstruments 2023-12-31 09016080 core:Non-currentFinancialInstruments 2022-12-31 09016080 core:ShareCapital 2023-12-31 09016080 core:ShareCapital 2022-12-31 09016080 core:RetainedEarningsAccumulatedLosses 2023-12-31 09016080 core:RetainedEarningsAccumulatedLosses 2022-12-31 09016080 core:LandBuildings 2022-12-31 09016080 core:PlantMachinery 2022-12-31 09016080 core:OfficeEquipment 2022-12-31 09016080 core:LandBuildings 2023-12-31 09016080 core:PlantMachinery 2023-12-31 09016080 core:OfficeEquipment 2023-12-31 09016080 bus:OrdinaryShareClass1 2023-12-31 09016080 2023-01-01 2023-12-31 09016080 bus:FilletedAccounts 2023-01-01 2023-12-31 09016080 bus:SmallEntities 2023-01-01 2023-12-31 09016080 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09016080 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09016080 bus:Director1 2023-01-01 2023-12-31 09016080 bus:Director2 2023-01-01 2023-12-31 09016080 core:PlantMachinery 2023-01-01 2023-12-31 09016080 core:OfficeEquipment 2023-01-01 2023-12-31 09016080 2022-01-01 2022-12-31 09016080 core:LandBuildings 2023-01-01 2023-12-31 09016080 core:Non-currentFinancialInstruments 2023-01-01 2023-12-31 09016080 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 09016080 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09016080 (England and Wales)

KENDALL CROP SPRAYING LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

KENDALL CROP SPRAYING LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

KENDALL CROP SPRAYING LIMITED

BALANCE SHEET

As at 31 December 2023
KENDALL CROP SPRAYING LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 80,966 97,128
80,966 97,128
Current assets
Debtors 4 12,869 20,876
12,869 20,876
Creditors: amounts falling due within one year 5 ( 64,539) ( 78,573)
Net current liabilities (51,670) (57,697)
Total assets less current liabilities 29,296 39,431
Creditors: amounts falling due after more than one year 6 ( 32,033) ( 40,504)
Provision for liabilities ( 15,384) 0
Net liabilities ( 18,121) ( 1,073)
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account ( 18,221 ) ( 1,173 )
Total shareholders' deficit ( 18,121) ( 1,073)

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Kendall Crop Spraying Limited (registered number: 09016080) were approved and authorised for issue by the Director on 26 September 2024. They were signed on its behalf by:

Mr K Kendall
Director
KENDALL CROP SPRAYING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
KENDALL CROP SPRAYING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Kendall Crop Spraying Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is West Nancemeer Farm, St. Newlyn East, Newquay, TR8 5JB, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £18,121. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Taxation


Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 15 % reducing balance
Office equipment 20 % reducing balance

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 of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Land and buildings Plant and machinery Office equipment Total
£ £ £ £
Cost
At 01 January 2023 1,772 190,900 234 192,906
Disposals ( 1,772) 0 ( 234) ( 2,006)
At 31 December 2023 0 190,900 0 190,900
Accumulated depreciation
At 01 January 2023 0 95,646 132 95,778
Charge for the financial year 0 14,288 20 14,308
Disposals 0 0 ( 152) ( 152)
At 31 December 2023 0 109,934 0 109,934
Net book value
At 31 December 2023 0 80,966 0 80,966
At 31 December 2022 1,772 95,254 102 97,128

4. Debtors

2023 2022
£ £
Trade debtors 12,869 20,876

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans and overdrafts 28,264 11,219
Trade creditors 14,860 9,428
Taxation and social security 15,487 14,041
Obligations under finance leases and hire purchase contracts 0 27,691
Other creditors 5,928 16,194
64,539 78,573

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 32,033 40,504

The bank has a fixed and floating charge over the company assets.

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Related party transactions

Transactions with the entity's director

2023 2022
£ £
Mr M Grigg (1,828) (13,195)

In the year the director had a loan account. The director advanced the company £27,451 and withdrew £38,120. No interest is being charged on the loan.