Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-192024-02-192true2023-02-20falseNo description of principal activity2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00349742 2023-02-20 2024-02-19 00349742 2022-02-20 2023-02-19 00349742 2024-02-19 00349742 2023-02-19 00349742 2022-02-20 00349742 c:Director2 2023-02-20 2024-02-19 00349742 d:Buildings 2024-02-19 00349742 d:Buildings 2023-02-19 00349742 d:LandBuildings 2024-02-19 00349742 d:LandBuildings 2023-02-19 00349742 d:FurnitureFittings 2023-02-20 2024-02-19 00349742 d:OfficeEquipment 2024-02-19 00349742 d:OfficeEquipment 2023-02-19 00349742 d:CurrentFinancialInstruments 2024-02-19 00349742 d:CurrentFinancialInstruments 2023-02-19 00349742 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-19 00349742 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-19 00349742 d:ShareCapital 2023-02-20 2024-02-19 00349742 d:ShareCapital 2024-02-19 00349742 d:ShareCapital 2022-02-20 2023-02-19 00349742 d:ShareCapital 2023-02-19 00349742 d:ShareCapital 2022-02-20 00349742 d:RetainedEarningsAccumulatedLosses 2023-02-20 2024-02-19 00349742 d:RetainedEarningsAccumulatedLosses 2024-02-19 00349742 d:RetainedEarningsAccumulatedLosses 2022-02-20 2023-02-19 00349742 d:RetainedEarningsAccumulatedLosses 2023-02-19 00349742 d:RetainedEarningsAccumulatedLosses 2022-02-20 00349742 c:FRS102 2023-02-20 2024-02-19 00349742 c:AuditExemptWithAccountantsReport 2023-02-20 2024-02-19 00349742 c:FullAccounts 2023-02-20 2024-02-19 00349742 c:PrivateLimitedCompanyLtd 2023-02-20 2024-02-19 00349742 2 2023-02-20 2024-02-19 00349742 6 2023-02-20 2024-02-19 00349742 e:PoundSterling 2023-02-20 2024-02-19 iso4217:GBP xbrli:pure

Registered number: 00349742









F KENWORTHY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 19 FEBRUARY 2024

 
F KENWORTHY LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF F KENWORTHY LIMITED
FOR THE YEAR ENDED 19 FEBRUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of F Kenworthy Limited for the year ended 19 February 2024 which comprise  the Balance Sheet, the Statement of Changes in Equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of F Kenworthy Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of F Kenworthy Limited and state those matters that we have agreed to state to the Board of Directors of F Kenworthy Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than F Kenworthy Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that F Kenworthy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of F Kenworthy Limited. You consider that F Kenworthy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of F Kenworthy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Minney & Company
Chartered Accountants
249 Silbury Boulevard
Milton Keynes
Bucks
MK9 1NA
19 November 2024
Page 1

 
F KENWORTHY LIMITED
REGISTERED NUMBER: 00349742

BALANCE SHEET
AS AT 19 FEBRUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
111,675
111,675

Investments
 5 
2,153
2,153

  
113,828
113,828

Current assets
  

Debtors: amounts falling due within one year
 6 
66,622
73,218

Cash at bank and in hand
 7 
453,193
436,850

  
519,815
510,068

Creditors: amounts falling due within one year
 8 
(91,270)
(80,787)

Net current assets
  
 
 
428,545
 
 
429,281

Total assets less current liabilities
  
542,373
543,109

  

Net assets
  
542,373
543,109


Capital and reserves
  

Called up share capital 
  
104
104

Profit and loss account
  
542,269
543,005

  
542,373
543,109


Page 2

 
F KENWORTHY LIMITED
REGISTERED NUMBER: 00349742
    
BALANCE SHEET (CONTINUED)
AS AT 19 FEBRUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
A G Kenworthy
Director
Date: 19 November 2024

The notes on pages 6 to 11 form part of these financial statements.

Page 3

 
F KENWORTHY LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 19 FEBRUARY 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 20 February 2023
104
543,005
543,109


Comprehensive income for the year

Profit for the year

-
200
200


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
200
200


Contributions by and distributions to owners

Dividends: Equity capital
-
(936)
(936)


Total transactions with owners
-
(936)
(936)


At 19 February 2024
104
542,269
542,373


The notes on pages 6 to 11 form part of these financial statements.

Page 4

 
F KENWORTHY LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 19 FEBRUARY 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 February 2022
104
548,323
548,427


Comprehensive income for the year

Loss for the year

-
(4,278)
(4,278)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(4,278)
(4,278)


Contributions by and distributions to owners

Dividends: Equity capital
-
(1,040)
(1,040)


Total transactions with owners
-
(1,040)
(1,040)


At 19 February 2023
104
543,005
543,109


The notes on pages 6 to 11 form part of these financial statements.

Page 5

 
F KENWORTHY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 19 FEBRUARY 2024

1.


General information

F Kenworthy Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is 30 Allen Close, Dunstable, Beds, LU5 4DG.
The Company's principal activity is that of letting and operating of own or leased real estate.
The financial statements are presented in sterling which is the functional currency of the Company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

Page 6

 
F KENWORTHY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 19 FEBRUARY 2024

2.Accounting policies (continued)

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 7

 
F KENWORTHY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 19 FEBRUARY 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 8

 
F KENWORTHY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 19 FEBRUARY 2024

2.Accounting policies (continued)

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2024
2023
£
£

Wages and salaries
17,339
15,808

Cost of defined contribution scheme
14,400
7,200

31,739
23,008


The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Directors
2
2

Page 9

 
F KENWORTHY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 19 FEBRUARY 2024

4.


Tangible fixed assets





Freehold property
Office equipment
Total

£
£
£



Cost or valuation


At 20 February 2023
111,675
741
112,416



At 19 February 2024

111,675
741
112,416



Depreciation


At 20 February 2023
-
741
741



At 19 February 2024

-
741
741



Net book value



At 19 February 2024
111,675
-
111,675



At 19 February 2023
111,675
-
111,675




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold
111,675
111,675

111,675
111,675



5.


Fixed asset investments





Listed investments

£



Cost or valuation


At 20 February 2023
2,153



At 19 February 2024
2,153




Page 10

 
F KENWORTHY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 19 FEBRUARY 2024

6.


Debtors

2024
2023
£
£


Trade debtors
56,338
52,202

Other debtors
10,284
21,016

66,622
73,218



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
453,193
436,850

453,193
436,850



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
884

Other taxation and social security
488
363

Other creditors
50,726
47,891

Accruals and deferred income
40,056
31,649

91,270
80,787



9.


Pension commitments

 
Page 11