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REGISTERED NUMBER: 01755284 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

KENSETT LIMITED

KENSETT LIMITED (REGISTERED NUMBER: 01755284)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KENSETT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mrs E L Miles
J Wheeler





REGISTERED OFFICE: 196 Old Shoreham Road
Hove
East Sussex
BN3 7EH





REGISTERED NUMBER: 01755284 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Ltd
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

KENSETT LIMITED (REGISTERED NUMBER: 01755284)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 324,342 331,716

CURRENT ASSETS
Stocks 20,683 22,830
Debtors 5 399,056 327,966
Cash at bank and in hand 64 47,302
419,803 398,098
CREDITORS
Amounts falling due within one year 6 (928,029 ) (622,834 )
NET CURRENT LIABILITIES (508,226 ) (224,736 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(183,884

)

106,980

CREDITORS
Amounts falling due after more than one
year

7

(272,550

)

(327,420

)

PROVISIONS FOR LIABILITIES (68,851 ) (51,686 )
NET LIABILITIES (525,285 ) (272,126 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (525,385 ) (272,226 )
SHAREHOLDERS' FUNDS (525,285 ) (272,126 )

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.

KENSETT LIMITED (REGISTERED NUMBER: 01755284)

BALANCE SHEET - continued
30 APRIL 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:





Mrs E L Miles - Director


KENSETT LIMITED (REGISTERED NUMBER: 01755284)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Kensett 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - at varying rates on cost
Fixtures and fittings - at varying rates on cost
Motor vehicles - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


KENSETT LIMITED (REGISTERED NUMBER: 01755284)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 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 - 19 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 2,815,791 74,681 59,270 2,949,742
Additions 26,910 - - 26,910
Disposals (1,250 ) - - (1,250 )
At 30 April 2024 2,841,451 74,681 59,270 2,975,402
DEPRECIATION
At 1 May 2023 2,505,470 64,977 47,579 2,618,026
Charge for year 29,204 1,021 2,809 33,034
At 30 April 2024 2,534,674 65,998 50,388 2,651,060
NET BOOK VALUE
At 30 April 2024 306,777 8,683 8,882 324,342
At 30 April 2023 310,321 9,704 11,691 331,716

KENSETT LIMITED (REGISTERED NUMBER: 01755284)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023 211,660 22,459 234,119
Additions 25,000 - 25,000
At 30 April 2024 236,660 22,459 259,119
DEPRECIATION
At 1 May 2023 59,922 10,768 70,690
Charge for year 11,833 2,809 14,642
At 30 April 2024 71,755 13,577 85,332
NET BOOK VALUE
At 30 April 2024 164,905 8,882 173,787
At 30 April 2023 151,738 11,691 163,429

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 256,880 146,215
Amounts owed by group undertakings 71,412 96,017
Other debtors 70,764 85,734
399,056 327,966

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,162 9,911
Hire purchase contracts 67,291 54,986
Trade creditors 164,789 116,999
Amounts owed to group undertakings 496,879 414,153
Taxation and social security 17,473 6,800
Other creditors 171,435 19,985
928,029 622,834

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,949 24,111
Hire purchase contracts 258,601 303,309
272,550 327,420

KENSETT LIMITED (REGISTERED NUMBER: 01755284)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. CALLED UP SHARE CAPITAL

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