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REGISTERED NUMBER: 02285607 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Kenneth Elliott & Rowe Limited

Kenneth Elliott & Rowe Limited (Registered number: 02285607)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kenneth Elliott & Rowe Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: CC Dixon
D Farr
F Rylah
MB Sadler
C E Stevens





SECRETARY: CC Dixon





REGISTERED OFFICE: 18 Eastern Avenue
Romford
Essex
RM1 3PJ





REGISTERED NUMBER: 02285607 (England and Wales)





ACCOUNTANTS: Barnes Wedge Limited
Chartered Accountants
Handel House
Roselawn Fields
Chelmsford
Essex
CM1 7GB

Kenneth Elliott & Rowe Limited (Registered number: 02285607)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,858 39,722
Investments 5 1,000 1,000
22,858 40,722

CURRENT ASSETS
Stocks 55,721 28,968
Debtors 6 585,873 332,270
Cash at bank and in hand 1,160,387 1,441,974
1,801,981 1,803,212
CREDITORS
Amounts falling due within one year 7 314,170 324,708
NET CURRENT ASSETS 1,487,811 1,478,504
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,510,669

1,519,226

PROVISIONS FOR LIABILITIES - 7,547
NET ASSETS 1,510,669 1,511,679

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,510,569 1,511,579
SHAREHOLDERS' FUNDS 1,510,669 1,511,679

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 directors acknowledge their 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.

Kenneth Elliott & Rowe Limited (Registered number: 02285607)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by:




MB Sadler - Director



F Rylah - Director


Kenneth Elliott & Rowe Limited (Registered number: 02285607)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Kenneth Elliott & Rowe 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 office equipment - 25% straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at net realisable value, no value is included for work in connection with conditional fee agreements.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Kenneth Elliott & Rowe Limited (Registered number: 02285607)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 84,036
DEPRECIATION
At 1 April 2023 44,314
Charge for year 17,864
At 31 March 2024 62,178
NET BOOK VALUE
At 31 March 2024 21,858
At 31 March 2023 39,722

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 1,000
NET BOOK VALUE
At 31 March 2024 1,000
At 31 March 2023 1,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 105,003 141,802
Other debtors 480,870 190,468
585,873 332,270

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 3,760 4,936
Taxation and social security 177,536 261,946
Other creditors 132,874 57,826
314,170 324,708

Kenneth Elliott & Rowe Limited (Registered number: 02285607)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company had the following balances due to the directors CC Dixon £3,300 (2023; £3,083), MB Sadler £24,944 (2023; £195), D Farr £548 (2023; £401), F Rylah £155 (2023; £403). At the year end a company in which MB Sadler has a material interest owed the company £404,000 (2023; £114,000)

9. ULTIMATE CONTROLLING PARTY

The controlling party is MB Sadler.