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REGISTERED NUMBER: 01157558 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Kadel Engineering Limited

Kadel Engineering Limited (Registered number: 01157558)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Kadel Engineering Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs J S Rollins
P Rollins
Miss D J Rollins





REGISTERED OFFICE: Riverside Works
Ingrow Bridge Business Park
Halifax Road
Keighley
West Yorkshire
BD21 5DZ





REGISTERED NUMBER: 01157558 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
BD21 3DS

Kadel Engineering Limited (Registered number: 01157558)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 636,319 724,690

CURRENT ASSETS
Stocks 30,000 152,500
Debtors 5 56,177 345,121
Cash at bank 670,219 408,585
756,396 906,206
CREDITORS
Amounts falling due within one year 6 (248,519 ) (344,164 )
NET CURRENT ASSETS 507,877 562,042
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,144,196

1,286,732

CREDITORS
Amounts falling due after more than one
year

7

(2,222

)

(2,614

)

PROVISIONS FOR LIABILITIES 8 (114,128 ) (102,293 )
NET ASSETS 1,027,846 1,181,825

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 1,017,846 1,171,825
SHAREHOLDERS' FUNDS 1,027,846 1,181,825

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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.

Kadel Engineering Limited (Registered number: 01157558)

Statement of Financial Position - continued
30 April 2024



The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2024 and were signed on its behalf by:





Mrs J S Rollins - Director


Kadel Engineering Limited (Registered number: 01157558)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Kadel Engineering 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 represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant & machinery - 15% on reducing balance
Fixtures & fittings - 25% on cost and 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Kadel Engineering Limited (Registered number: 01157558)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant & Fixtures
property machinery & fittings
£    £    £   
COST
At 1 May 2023 324,940 1,500,227 91,931
Disposals - (40,214 ) (7,734 )
At 30 April 2024 324,940 1,460,013 84,197
DEPRECIATION
At 1 May 2023 138,634 967,902 87,138
Charge for year 6,499 79,697 696
Eliminated on disposal - (39,200 ) (7,586 )
At 30 April 2024 145,133 1,008,399 80,248
NET BOOK VALUE
At 30 April 2024 179,807 451,614 3,949
At 30 April 2023 186,306 532,325 4,793

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 29,980 10,563 1,957,641
Disposals - - (47,948 )
At 30 April 2024 29,980 10,563 1,909,693
DEPRECIATION
At 1 May 2023 28,714 10,563 1,232,951
Charge for year 317 - 87,209
Eliminated on disposal - - (46,786 )
At 30 April 2024 29,031 10,563 1,273,374
NET BOOK VALUE
At 30 April 2024 949 - 636,319
At 30 April 2023 1,266 - 724,690

Kadel Engineering Limited (Registered number: 01157558)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 48,435 338,658
Prepayments 7,742 6,463
56,177 345,121

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 42,325 101,435
Corporate taxation 32,671 9,775
Social security & other taxes 13,819 45,531
Directors' current accounts 155,312 182,937
Accrued expenses 4,000 4,025
Deferred government grants 392 461
248,519 344,164

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Deferred government grants 2,222 2,614

8. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 114,128 102,293

Deferred
tax
£   
Balance at 1 May 2023 102,293
Charge to Statement of Income and Retained Earnings during year 11,835
Balance at 30 April 2024 114,128

9. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £95,980 (2023 £95,828). There were no outstanding contributions payable at either year end.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Kadel Engineering Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kadel Engineering Limited for the year ended 30 April 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Kadel Engineering Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kadel Engineering Limited and state those matters that we have agreed to state to the Board of Directors of Kadel Engineering Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kadel Engineering Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kadel Engineering 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 Kadel Engineering Limited. You consider that Kadel Engineering Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kadel Engineering 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.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
BD21 3DS


15 July 2024