Chris Kennedy Energy Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
805,106
512,571
Inventories
10,012
205,566
Cash at bank and in hand
570,224
264,698
Creditors: amounts falling due within one year
(585,280)
(617,436)
Net current assets
419,021
196,529
Total assets less current liabilities
1,224,127
709,100
Creditors: amounts falling due after more than one year
(605,245)
(508,402)
Net assets
618,882
200,698
Called up share capital
100
100
Profit and loss account
618,782
200,598
Shareholders' funds
618,882
200,698
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by
Christopher Kennedy
Director
Company Registration No. SC646262
Chris Kennedy Energy Ltd
Notes to the Accounts
for the year ended 30 November 2023
Chris Kennedy Energy Ltd is a private company, limited by shares, registered in Scotland, registration number SC646262. The registered office is C K Energy, 31, Townholm, Kilmarnock, KA3 1BB, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Other tangible fixed assets
nil
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 December 2022
279,719
77,701
246,800
1,402
-
605,622
Additions
115,819
230,092
76,184
6,739
3,438
432,272
At 30 November 2023
395,538
307,793
322,984
8,141
3,438
1,037,894
At 1 December 2022
-
15,480
76,771
800
-
93,051
Charge for the year
-
53,180
83,248
2,621
688
139,737
At 30 November 2023
-
68,660
160,019
3,421
688
232,788
At 30 November 2023
395,538
239,133
162,965
4,720
2,750
805,106
At 30 November 2022
279,719
62,221
170,029
602
-
512,571
Chris Kennedy Energy Ltd
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
Trade debtors
422,283
343,701
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
406,588
489,689
Taxes and social security
144,832
54,408
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
209,819
302,288
Obligations under finance leases and hire purchase contracts
395,426
206,114
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).