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REGISTERED NUMBER: 03904510 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

K. DARLINGTON & SON LIMITED

K. DARLINGTON & SON LIMITED (REGISTERED NUMBER: 03904510)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


K. DARLINGTON & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: M J Darlington
Mrs W J Darlington





SECRETARY: Mrs W J Darlington





REGISTERED OFFICE: Margaret House
Huyton Road
Adlington
Chorley
PR7 4HD





REGISTERED NUMBER: 03904510 (England and Wales)





ACCOUNTANTS: Ryans
Chartered Accountants
67 Chorley Old Road
Bolton
BL1 3AJ

K. DARLINGTON & SON LIMITED (REGISTERED NUMBER: 03904510)

ABRIDGED BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 486,525 527,929
486,525 527,929

CURRENT ASSETS
Stocks 2,494 1,153
Debtors 535,772 664,694
Cash at bank and in hand 1,991,776 1,612,667
2,530,042 2,278,514
CREDITORS
Amounts falling due within one year 522,195 497,968
NET CURRENT ASSETS 2,007,847 1,780,546
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,494,372

2,308,475

PROVISIONS FOR LIABILITIES 119,890 130,130
NET ASSETS 2,374,482 2,178,345

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 2,374,382 2,178,245
SHAREHOLDERS' FUNDS 2,374,482 2,178,345

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

K. DARLINGTON & SON LIMITED (REGISTERED NUMBER: 03904510)

ABRIDGED BALANCE SHEET - continued
31ST MARCH 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 19th November 2024 and were signed on its behalf by:





M J Darlington - Director


K. DARLINGTON & SON LIMITED (REGISTERED NUMBER: 03904510)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

K. Darlington & Son 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue
Revenue, described as turnover, represents the value of goods and services (net of VAT) provided to customers during the year.

Revenue is recognised on the provision of goods and services on a percentage degree of completion basis calculated by reference to the amount of work completed compared to the total contract value.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, was amortised evenly over its estimated useful life of fourteen years.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 33% on cost and 10% on cost
Plant and machinery - 10% on cost
Motor vehicles - 25% on cost
Office equipment - 33% on reducing balance and 15% 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.

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.


K. DARLINGTON & SON LIMITED (REGISTERED NUMBER: 03904510)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2023
and 31st March 2024 77,500
AMORTISATION
At 1st April 2023
and 31st March 2024 77,500
NET BOOK VALUE

At 31st March 2024 -
At 31st March 2023 -

K. DARLINGTON & SON LIMITED (REGISTERED NUMBER: 03904510)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2023 1,145,364
Additions 119,232
Disposals (90,578 )
At 31st March 2024 1,174,018
DEPRECIATION
At 1st April 2023 617,435
Charge for year 147,865
Eliminated on disposal (77,807 )
At 31st March 2024 687,493
NET BOOK VALUE
At 31st March 2024 486,525
At 31st March 2023 527,929

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
M J Darlington and Mrs W J Darlington
Balance outstanding at start of year 50,474 68,799
Amounts advanced - 278,102
Amounts repaid (50,474 ) (296,427 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 50,474

Interest has been charged on the loan at approved HMRC rates.

8. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous periods by its directors who, between them, own all of the issued share capital.