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REGISTERED NUMBER: 06191473 (England and Wales)
























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

K C HOLNESS LIMITED

K C HOLNESS LIMITED (REGISTERED NUMBER: 06191473)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


K C HOLNESS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: K C Holness



SECRETARY: Mrs S Holness



REGISTERED OFFICE: 5 Wedlakes
WATCHET
Somerset
TA23 0JL



REGISTERED NUMBER: 06191473 (England and Wales)



ACCOUNTANTS: Alan Gale & Co.
8 Bracken Edge
West Quantoxhead
TAUNTON
Somerset
TA4 4DH



BANKERS: Lloyds Bank Plc
Fore Street
Williton
TAUNTON
Somerset
TA4 4QF

K C HOLNESS LIMITED (REGISTERED NUMBER: 06191473)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,452 7,165

CURRENT ASSETS
Stocks 44 127
Debtors 5 1,757 4,498
Cash at bank 1,896 449
3,697 5,074
CREDITORS
Amounts falling due within one year 6 8,241 5,775
NET CURRENT LIABILITIES (4,544 ) (701 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,908

6,464

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 4,808 6,364
SHAREHOLDERS' FUNDS 4,908 6,464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 October 2024 and were signed by:





K C Holness - Director


K C HOLNESS LIMITED (REGISTERED NUMBER: 06191473)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

K C Holness Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles and equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
and
equipment
£   
COST
At 1 April 2023 29,993
Additions 5,694
Disposals (6,650 )
At 31 March 2024 29,037
DEPRECIATION
At 1 April 2023 22,828
Charge for year 3,150
Eliminated on disposal (6,393 )
At 31 March 2024 19,585
NET BOOK VALUE
At 31 March 2024 9,452
At 31 March 2023 7,165

K C HOLNESS LIMITED (REGISTERED NUMBER: 06191473)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 3,271
Prepayments 1,649 1,227
VAT recoverable 108 -
1,757 4,498

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,183 1,025
Corporation tax 975 1,019
VAT - 1,225
Directors' loan accounts 5,049 1,213
Accruals 34 1,293
8,241 5,775

7. RESERVES
Retained
earnings
£   

At 1 April 2023 6,364
Profit for the year 6,444
Dividends (8,000 )
At 31 March 2024 4,808