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REGISTERED NUMBER: 04714253 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

T K ROBINSON & SONS LIMITED

T K ROBINSON & SONS LIMITED (REGISTERED NUMBER: 04714253)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


T K ROBINSON & SONS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: Mrs T L Mason
Mrs G L Ridding
Mr R T Robinson
Mrs A E Robinson
Mrs C M Driver





SECRETARY: Mrs T L Mason





REGISTERED OFFICE: Greaves Farm
Popplemire Lane
Old Hutton
Kendal
Cumbria
LA8 0NA





REGISTERED NUMBER: 04714253 (England and Wales)





ACCOUNTANTS: RfM Fylde Limited
Summerdale
Head Dyke Lane
Pilling
Lancashire
PR3 6SJ

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
T K ROBINSON & SONS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of T K Robinson & Sons Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of T K Robinson & Sons Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of T K Robinson & Sons Limited and state those matters that we have agreed to state to the Board of Directors of T K Robinson & Sons Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than T K Robinson & Sons Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that T K Robinson & Sons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of T K Robinson & Sons Limited. You consider that T K Robinson & Sons Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of T K Robinson & Sons Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






RfM Fylde Limited
Summerdale
Head Dyke Lane
Pilling
Lancashire
PR3 6SJ


16 December 2024

T K ROBINSON & SONS LIMITED (REGISTERED NUMBER: 04714253)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 553,251 563,949
553,251 563,949

CURRENT ASSETS
Stocks 107,623 64,887
Debtors 6 175,582 252,753
283,205 317,640
CREDITORS
Amounts falling due within one year 7 832,170 750,596
NET CURRENT LIABILITIES (548,965 ) (432,956 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,286

130,993

CREDITORS
Amounts falling due after more than one
year

8

(100,439

)

(89,491

)

PROVISIONS FOR LIABILITIES 10 (29,159 ) (55,495 )
NET LIABILITIES (125,312 ) (13,993 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings (125,412 ) (14,093 )
SHAREHOLDERS' FUNDS (125,312 ) (13,993 )

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

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

T K ROBINSON & SONS LIMITED (REGISTERED NUMBER: 04714253)

BALANCE SHEET - continued
31 March 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2024 and were signed on its behalf by:





Mr R T Robinson - Director


T K ROBINSON & SONS LIMITED (REGISTERED NUMBER: 04714253)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

T K Robinson & Sons 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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

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 - 10% on cost
Heavy plant - 10% on cost
Motor vehicles - 10% on cost
Tractors - 10% on cost

STOCKS
Stocks are stated at the lower of cost and estimated costs to complete and sell, 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.

Estimated selling price less costs to complete and sell is based on the estimated selling price of the goods less any estimated completion or selling costs likely to be incurred on the sale.

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.


T K ROBINSON & SONS LIMITED (REGISTERED NUMBER: 04714253)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 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.

GOING CONCERN
The company has net liabilities at the year end, the directors will continue to provide ongoing support to the company, and therefore the financial statements have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 30,000
AMORTISATION
At 1 April 2023
and 31 March 2024 30,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

T K ROBINSON & SONS LIMITED (REGISTERED NUMBER: 04714253)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and Heavy Motor
machinery plant vehicles Tractors Totals
£    £    £    £    £   
COST
At 1 April 2023 230,018 546,866 229,768 184,040 1,190,692
Additions 109,019 - 42,497 67,988 219,504
Disposals (33,937 ) (37,250 ) (37,698 ) (67,988 ) (176,873 )
At 31 March 2024 305,100 509,616 234,567 184,040 1,233,323
DEPRECIATION
At 1 April 2023 132,536 263,913 143,198 87,096 626,743
Charge for year 25,307 42,054 18,014 18,292 103,667
Eliminated on disposal (15,124 ) (18,625 ) (9,790 ) (6,799 ) (50,338 )
At 31 March 2024 142,719 287,342 151,422 98,589 680,072
NET BOOK VALUE
At 31 March 2024 162,381 222,274 83,145 85,451 553,251
At 31 March 2023 97,482 282,953 86,570 96,944 563,949

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Heavy
machinery plant Totals
£    £    £   
COST
At 1 April 2023 - 126,938 126,938
Additions 51,500 - 51,500
At 31 March 2024 51,500 126,938 178,438
DEPRECIATION
At 1 April 2023 - 12,694 12,694
Charge for year 5,150 12,694 17,844
At 31 March 2024 5,150 25,388 30,538
NET BOOK VALUE
At 31 March 2024 46,350 101,550 147,900
At 31 March 2023 - 114,244 114,244

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 132,985 210,728
Other debtors 42,597 42,025
175,582 252,753

T K ROBINSON & SONS LIMITED (REGISTERED NUMBER: 04714253)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 206,800 246,797
Hire purchase contracts 34,436 22,849
Trade creditors 166,881 162,156
Taxation and social security 29,223 (12,861 )
Other creditors 394,830 331,655
832,170 750,596

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 100,439 89,491

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 206,800 246,797
Hire purchase contracts 134,875 112,340
341,675 359,137

Bank overdrafts are secured by a floating charge over the assets of the company.

Net obligations under finance leases and hire purchases contracts are secured over the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 105,118 107,121
Tax losses carried forward (75,959 ) (51,626 )
29,159 55,495

Deferred
tax
£   
Balance at 1 April 2023 55,495
Credit to Statement of Income and Retained Earnings during year (26,336 )
Balance at 31 March 2024 29,159

T K ROBINSON & SONS LIMITED (REGISTERED NUMBER: 04714253)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

11. CALLED UP SHARE CAPITAL

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