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Company Registration No. 4790584 (England and Wales)
Kenneth Streat Furniture Ltd Unaudited accounts for the year ended 30 June 2024
Kenneth Streat Furniture Ltd Unaudited accounts Contents
Page
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Kenneth Streat Furniture Ltd Company Information for the year ended 30 June 2024
Director
Mr Kenneth Streat
Secretary
Mr Kenneth Streat
Company Number
4790584 (England and Wales)
Registered Office
2 TOWN FARM HARBERTON TOTNES DEVON TQ9 7SN
Accountants
Mrs Catherine Flannery, FMAAT, FCCA, BSc (Hons) South Devon Accounting Ltd 6 Orchard Close Ogwell Newton Abbot TQ12 6AL
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Kenneth Streat Furniture Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
331 
Current assets
Inventories
- 
100 
Cash at bank and in hand
6,909 
6,839 
6,909 
6,939 
Creditors: amounts falling due within one year
(6,898)
(5,157)
Net current assets
11 
1,782 
Net assets
11 
2,113 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
10 
2,112 
Shareholders' funds
11 
2,113 
For the year ending 30 June 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 11 January 2025 and were signed on its behalf by
Mr Kenneth Streat Director Company Registration No. 4790584
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Kenneth Streat Furniture Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Kenneth Streat Furniture Ltd is a private company, limited by shares, registered in England and Wales, registration number 4790584. The registered office is 2 TOWN FARM, HARBERTON, TOTNES, DEVON, TQ9 7SN.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on a Reducing Balance Basis
Motor vehicles
25% on a Reducing Balance Basis
Computer equipment
25% Straight Line
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
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Kenneth Streat Furniture Ltd Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
949 
4,000 
685 
5,634 
Disposals
(949)
(4,000)
(685)
(5,634)
At 30 June 2024
- 
- 
- 
- 
Depreciation
At 1 July 2023
917 
3,873 
513 
5,303 
On disposals
(917)
(3,873)
(513)
(5,303)
At 30 June 2024
- 
- 
- 
- 
Net book value
At 30 June 2024
- 
- 
- 
- 
At 30 June 2023
32 
127 
172 
331 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
10 
13 
Taxes and social security
(94)
(2,296)
Loans from directors
6,229 
6,720 
Accruals
753 
720 
6,898 
5,157 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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