P. KEMPSELL SERVICES LTD

Company Registration Number:
10687162 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

P. KEMPSELL SERVICES LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

P. KEMPSELL SERVICES LTD

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 6,554 14,072
Total fixed assets: 6,554 14,072
Current assets
Stocks: 6,600 6,000
Debtors:   10,828 9,069
Cash at bank and in hand: 17,255 23,101
Total current assets: 34,683 38,170
Creditors: amounts falling due within one year:   (37,541) (33,781)
Net current assets (liabilities): (2,858) 4,389
Total assets less current liabilities: 3,696 18,461
Creditors: amounts falling due after more than one year:   0 (13,771)
Provision for liabilities: (2,010) (865)
Total net assets (liabilities): 1,686 3,825
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,586 3,725
Shareholders funds: 1,686 3,825

The notes form part of these financial statements

P. KEMPSELL SERVICES LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 November 2024
and signed on behalf of the board by:

Name: P Kempsell
Status: Director

The notes form part of these financial statements

P. KEMPSELL SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Plant and machinery - 33% straight line Fittings, fixtures and equipment - 25% straight line Motor vehicles - 20% straight line

Other accounting policies

Taxation: The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tangible assets: Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses. Stock: Stock is measured at the lower of cost and estimated selling price less costs to complete and sell. Provisions: Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably.

P. KEMPSELL SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 3 3

P. KEMPSELL SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 38,802
Additions 1,434
At 31 March 2024 40,236
Depreciation
At 01 April 2023 24,730
Charge for year 8,952
At 31 March 2024 33,682
Net book value
At 31 March 2024 6,554
At 31 March 2023 14,072

P. KEMPSELL SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Financial commitments

Obligations under finance leases: Company lessee: The total future minimum lease payments under finance lease agreements are as follows: Not later than 1 year: £13,771 (2023 £3,173) Later than 1 year and not later than 5 years: £nil (2023 £13,771) Present value of minimum lease payments: £13,771 (2023 £16,944) Assets acquired under finance leases are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of finance charges, are included in creditors.

P. KEMPSELL SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Loans to directors

Name of director receiving advance or credit: P Kempsell
Description of the loan: Credit from Director
£
Balance at 01 April 2023 965
Advances or credits made: 312
Balance at 31 March 2024 1,277

Advances and credits are interest free and repayable on demand.

P. KEMPSELL SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Related party transactions

Name of the related party: P Kempsell
Relationship:
Director
Description of the Transaction: Dividends totalling £25,150 and remuneration totalling £9,000 were paid to P Kempsell, Director in the period.
£
Balance at 01 April 2023 0
Balance at 31 March 2024 0
Name of the related party: G Kempsell
Relationship:
Director
Description of the Transaction: Remuneration totalling £1,750 was paid to G Kempsell, Director, in the period.
£
Balance at 01 April 2023 0
Balance at 31 March 2024 0

The company is controlled by Director, P Kempsell, who owns 100% of the shares.