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Company Registration No. 08348936 (England and Wales)
Kendall Accountancy Services Limited Unaudited accounts for the year ended 31 January 2024
Kendall Accountancy Services Limited Unaudited accounts Contents
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Kendall Accountancy Services Limited Company Information for the year ended 31 January 2024
Director
Mr M S Kendall
Company Number
08348936 (England and Wales)
Registered Office
2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU United Kingdom
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Kendall Accountancy Services Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
29,639 
20,220 
Current assets
Debtors
67,089 
60,958 
Cash at bank and in hand
11,307 
14,377 
78,396 
75,335 
Creditors: amounts falling due within one year
(85,596)
(78,488)
Net current liabilities
(7,200)
(3,153)
Net assets
22,439 
17,067 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
22,339 
16,967 
Shareholders' funds
22,439 
17,067 
For the year ending 31 January 2024 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 February 2024 and were signed on its behalf by
Mr M S Kendall Director Company Registration No. 08348936
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Kendall Accountancy Services Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Kendall Accountancy Services Limited is a private company, limited by shares, registered in England and Wales, registration number 08348936. The registered office is 2 Exeter Street, New Village Road, Cottingham, East Yorkshire, HU16 4LU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing balance
Computer equipment
33% on cost
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
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 accounts. 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Kendall Accountancy Services Limited Notes to the Accounts for the year ended 31 January 2024
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
21,865 
17,870 
39,735 
Additions
12,234 
3,985 
16,219 
At 31 January 2024
34,099 
21,855 
55,954 
Depreciation
At 1 February 2023
8,041 
11,474 
19,515 
Charge for the year
2,451 
4,349 
6,800 
At 31 January 2024
10,492 
15,823 
26,315 
Net book value
At 31 January 2024
23,607 
6,032 
29,639 
At 31 January 2023
13,824 
6,396 
20,220 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
62,022 
53,840 
Accrued income and prepayments
5,067 
7,118 
67,089 
60,958 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
22,625 
24,506 
Trade creditors
6,375 
3,654 
Taxes and social security
6,503 
6,250 
Other creditors
5,025 
3,893 
Loans from directors
42,440 
40,185 
Accruals
2,628 
- 
85,596 
78,488 
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Kendall Accountancy Services Limited Notes to the Accounts for the year ended 31 January 2024
7
Average number of employees
During the year the average number of employees was 12 (2023: 10).
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