R Kennedy & Co (Ballymena) Ltd NI004784 false 2023-05-01 2023-12-03 2023-12-03 The principal activity of the company is was that of farming. Digita Accounts Production Advanced 6.30.9574.0 true NI004784 2023-05-01 2023-12-03 NI004784 2023-12-03 NI004784 bus:OrdinaryShareClass1 2023-12-03 NI004784 core:CurrentFinancialInstruments 2023-12-03 NI004784 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-03 NI004784 core:LandBuildings 2023-12-03 NI004784 core:OtherPropertyPlantEquipment 2023-12-03 NI004784 bus:SmallEntities 2023-05-01 2023-12-03 NI004784 bus:AuditExemptWithAccountantsReport 2023-05-01 2023-12-03 NI004784 bus:FilletedAccounts 2023-05-01 2023-12-03 NI004784 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2023-12-03 NI004784 bus:RegisteredOffice 2023-05-01 2023-12-03 NI004784 bus:Director4 2023-05-01 2023-12-03 NI004784 bus:OrdinaryShareClass1 2023-05-01 2023-12-03 NI004784 bus:PrivateLimitedCompanyLtd 2023-05-01 2023-12-03 NI004784 core:LandBuildings 2023-05-01 2023-12-03 NI004784 core:PlantMachinery 2023-05-01 2023-12-03 NI004784 countries:NorthernIreland 2023-05-01 2023-12-03 NI004784 2023-04-30 NI004784 core:LandBuildings 2023-04-30 NI004784 core:OtherPropertyPlantEquipment 2023-04-30 NI004784 2022-05-01 2023-04-30 NI004784 2023-04-30 NI004784 bus:OrdinaryShareClass1 2023-04-30 NI004784 core:CurrentFinancialInstruments 2023-04-30 NI004784 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 NI004784 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2023-04-30 NI004784 core:LandBuildings 2023-04-30 NI004784 core:OtherPropertyPlantEquipment 2023-04-30 NI004784 core:PreviouslyStatedAmount 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI004784

R Kennedy & Co (Ballymena) Ltd

Unaudited Filleted Financial Statements

for the Period from 1 May 2023 to 3 December 2023

 

R Kennedy & Co (Ballymena) Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

R Kennedy & Co (Ballymena) Ltd

(Registration number: NI004784)
Balance Sheet as at 3 December 2023

Note

2023
£

2023
£

Fixed assets

 

Tangible assets

4

292,594

292,594

Current assets

 

Debtors

5

507,815

509,217

Cash at bank and in hand

 

486,934

483,567

 

994,749

992,784

Creditors: Amounts falling due within one year

6

(1,663)

(966)

Net current assets

 

993,086

991,818

Total assets less current liabilities

 

1,285,680

1,284,412

Provisions for liabilities

-

(1,513)

Net assets

 

1,285,680

1,282,899

Capital and reserves

 

Called up share capital

7

10,000

10,000

Other reserves

179,749

179,749

Retained earnings

1,095,931

1,093,150

Shareholders' funds

 

1,285,680

1,282,899

For the financial period ending 3 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 May 2024 and signed on its behalf by:
 

.........................................
Mrs Agnes Kennedy
Director

 

R Kennedy & Co (Ballymena) Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 3 December 2023

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
17 Clarendon Road
Belfast
Antrim
BT13BG

These financial statements were authorised for issue by the Board on 3 May 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of these financial statements is sterling. All amounts in the financial statements have been rounded to the nearest £1.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

R Kennedy & Co (Ballymena) Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 3 December 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

5% Reducing balance

Plant and machinery

20% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0 (2023 - 0).

 

R Kennedy & Co (Ballymena) Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 3 December 2023

4

Tangible assets

Land and buildings
£

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2023

875,848

168,161

1,044,009

At 3 December 2023

875,848

168,161

1,044,009

Depreciation

At 1 May 2023

583,254

168,161

751,415

At 3 December 2023

583,254

168,161

751,415

Carrying amount

At 3 December 2023

292,594

-

292,594

At 30 April 2023

292,594

-

292,594

Included within the net book value of land and buildings above is £292,595 (2023 - £292,595) in respect of freehold land and buildings.
 

5

Debtors

Current

2023
£

2023
£

Other debtors

507,815

509,217

 

507,815

509,217

 

R Kennedy & Co (Ballymena) Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 3 December 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2023
£

Due within one year

Accruals and deferred income

1,200

800

Other creditors

463

166

1,663

966

7

Share capital

Allotted, called up and fully paid shares

2023

2023

No.

£

No.

£

Ordinary Share Capital of £1 each

10,000

10,000

10,000

10,000