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Registration number: 01803043

Kendrick Engineering Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Kendrick Engineering Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Kendrick Engineering Limited

(Registration number: 01803043)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

12,110

15,246

Current assets

 

Stocks

27,132

25,086

Debtors

5

13,100

22,970

Cash at bank and in hand

 

17

3,214

 

40,249

51,270

Creditors: Amounts falling due within one year

6

(28,372)

(29,999)

Net current assets

 

11,877

21,271

Net assets

 

23,987

36,517

Capital and reserves

 

Called up share capital

100

100

Retained earnings

23,887

36,417

Shareholders' funds

 

23,987

36,517

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and the directors report has been taken.

Approved and authorised by the director on 1 December 2024
 

.........................................
Mr M E Kendrick
Director

 

Kendrick Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
Unit 1 Talargoch Trading Estate
Meliden Road
Dyserth
Rhyl
Denbighshire
LL18 6DJ
Wales

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Kendrick Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

20% reducing balance

Plant and machinery

15% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 4).

4

Tangible assets

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

66,656

83,681

150,337

Disposals

(19,674)

-

(19,674)

At 31 March 2024

46,982

83,681

130,663

Depreciation

At 1 April 2023

53,514

81,577

135,091

Charge for the year

2,580

316

2,896

Eliminated on disposal

(19,434)

-

(19,434)

At 31 March 2024

36,660

81,893

118,553

Carrying amount

At 31 March 2024

10,322

1,788

12,110

At 31 March 2023

13,142

2,104

15,246

 

Kendrick Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Debtors

2024
£

2023
£

Trade debtors

11,920

21,842

Other debtors

1,180

1,128

 

13,100

22,970

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank overdraft

3,766

-

Trade creditors

 

20,271

24,802

Taxation and social security

 

1,919

2,697

Other creditors

 

2,416

2,500

 

28,372

29,999