IRIS Accounts Production v24.3.2.46 07259475 director 1.6.23 31.5.24 31.5.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072594752023-05-31072594752024-05-31072594752023-06-012024-05-31072594752022-05-31072594752022-06-012023-05-31072594752023-05-3107259475ns15:EnglandWales2023-06-012024-05-3107259475ns14:PoundSterling2023-06-012024-05-3107259475ns10:Director12023-06-012024-05-3107259475ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3107259475ns10:SmallEntities2023-06-012024-05-3107259475ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3107259475ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3107259475ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3107259475ns10:FullAccounts2023-06-012024-05-3107259475ns10:OrdinaryShareClass12023-06-012024-05-3107259475ns10:RegisteredOffice2023-06-012024-05-3107259475ns5:CurrentFinancialInstruments2024-05-3107259475ns5:CurrentFinancialInstruments2023-05-3107259475ns5:Non-currentFinancialInstruments2024-05-3107259475ns5:Non-currentFinancialInstruments2023-05-3107259475ns5:ShareCapital2024-05-3107259475ns5:ShareCapital2023-05-3107259475ns5:RetainedEarningsAccumulatedLosses2024-05-3107259475ns5:RetainedEarningsAccumulatedLosses2023-05-3107259475ns5:PlantMachinery2023-06-012024-05-3107259475ns5:FurnitureFittings2023-06-012024-05-3107259475ns5:MotorVehicles2023-06-012024-05-3107259475ns5:ComputerEquipment2023-06-012024-05-3107259475ns5:PlantMachinery2023-05-3107259475ns5:PlantMachinery2024-05-3107259475ns5:PlantMachinery2023-05-3107259475ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3107259475ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3107259475ns10:OrdinaryShareClass12024-05-31
REGISTERED NUMBER: 07259475 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Kinahan Fencing & Groundworks Limited

Kinahan Fencing & Groundworks Limited (Registered number: 07259475)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kinahan Fencing & Groundworks Limited

Company Information
for the Year Ended 31 May 2024







Director: Mr N M Kinahan





Registered office: The Courtyard
19 High Street
Pershore
Worcestershire
WR10 1AA





Registered number: 07259475 (England and Wales)





Accountants: Crowthers Chartered Accountants
1 Ripple Court
Brockeridge Park
Tewkesbury
Gloucestershire
GL20 6FG

Kinahan Fencing & Groundworks Limited (Registered number: 07259475)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 322,570 267,929

CURRENT ASSETS
Stocks 334,347 300,000
Debtors 5 47,657 15,001
Cash at bank 166,672 119,204
548,676 434,205
CREDITORS
Amounts falling due within one year 6 274,487 184,268
NET CURRENT ASSETS 274,189 249,937
TOTAL ASSETS LESS CURRENT
LIABILITIES

596,759

517,866

CREDITORS
Amounts falling due after more than one
year

7

(42,168

)

(57,283

)

PROVISIONS FOR LIABILITIES (80,643 ) (66,982 )
NET ASSETS 473,948 393,601

CAPITAL AND RESERVES
Called up share capital 8 500 500
Retained earnings 473,448 393,101
SHAREHOLDERS' FUNDS 473,948 393,601

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Kinahan Fencing & Groundworks Limited (Registered number: 07259475)

Balance Sheet - continued
31 May 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 director and authorised for issue on 30 August 2024 and were signed by:





Mr N M Kinahan - Director


Kinahan Fencing & Groundworks Limited (Registered number: 07259475)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Kinahan Fencing & Groundworks 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies, which are described in note 2, the directors are required to make judgements; estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered· to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Other equipment - 20% on reducing balance
Tractors and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.


Kinahan Fencing & Groundworks Limited (Registered number: 07259475)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Hire purchase commitments
Assets obtained under hire purchase contracts are capitalised in the balance sheet and are depreciated over their estimated useful lives.
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

Kinahan Fencing & Groundworks Limited (Registered number: 07259475)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 June 2023 671,971
Additions 128,999
Disposals (6,316 )
At 31 May 2024 794,654
Depreciation
At 1 June 2023 404,042
Charge for year 73,535
Eliminated on disposal (5,493 )
At 31 May 2024 472,084
Net book value
At 31 May 2024 322,570
At 31 May 2023 267,929

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 45,683 648
Other debtors 1,974 14,353
47,657 15,001

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 33,480 19,717
Trade creditors 26,399 52,148
Taxation and social security 59,002 5,789
Other creditors 145,606 96,614
274,487 184,268

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,000 20,000
Hire purchase contracts 32,168 37,283
42,168 57,283

Kinahan Fencing & Groundworks Limited (Registered number: 07259475)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
500 Ordinary 1 500 500

9. RELATED PARTY DISCLOSURES

Included within creditors falling due within one year is an amount of £60,054 owed to the directors of the company (2023: £79,863). The balance is interest free and repayable on demand.

The company also operates out of premises controlled by the directors of the company but no rent is charged for this.