Company Registration No. 07757593 (England and Wales)
Kevin Saddington Limited
Unaudited accounts
for the year ended 31 August 2024
Kevin Saddington Limited
Unaudited accounts
Contents
Kevin Saddington Limited
Company Information
for the year ended 31 August 2024
Company Number
07757593 (England and Wales)
Registered Office
7 BAKER COURT
THRAPSTON
NN14 4XA
Accountants
Kate Brown
The Annexe, Rectory Farm
Cranford Road
Great Addington, Kettering
Northants
NN14 4BQ
Kevin Saddington Limited
Statement of financial position
as at 31 August 2024
Tangible assets
31,744
42,326
Cash at bank and in hand
576,487
513,789
Creditors: amounts falling due within one year
(47,175)
(44,436)
Net current assets
529,312
469,353
Net assets
561,056
511,679
Called up share capital
10
10
Profit and loss account
561,046
511,669
Shareholders' funds
561,056
511,679
For the year ending 31 August 2024 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 director acknowledges his 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 and authorised for issue on 2 January 2025 and were signed on its behalf by
Kevin Saddington
Director
Company Registration No. 07757593
Kevin Saddington Limited
Notes to the Accounts
for the year ended 31 August 2024
Kevin Saddington Limited is a private company, limited by shares, registered in England and Wales, registration number 07757593. The registered office is 7 BAKER COURT, THRAPSTON, NN14 4XA.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Kevin Saddington Limited
Notes to the Accounts
for the year ended 31 August 2024
4
Intangible fixed assets
Goodwill
At 1 September 2023
15,000
At 1 September 2023
15,000
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 September 2023
103,543
75,312
178,855
At 31 August 2024
103,543
75,312
178,855
At 1 September 2023
103,543
32,986
136,529
Charge for the year
-
10,582
10,582
At 31 August 2024
103,543
43,568
147,111
At 31 August 2024
-
31,744
31,744
At 31 August 2023
-
42,326
42,326
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
29,630
12,197
Loans from directors
17,087
31,801
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).