Silverfin false false 30/04/2024 01/05/2023 30/04/2024 A J Kirk 08/04/2020 K W M Nolan 08/04/2020 24 January 2025 The principal activity of the company during the financial period was the provision of architectural activities 12552184 2024-04-30 12552184 bus:Director1 2024-04-30 12552184 bus:Director2 2024-04-30 12552184 2023-04-30 12552184 core:CurrentFinancialInstruments 2024-04-30 12552184 core:CurrentFinancialInstruments 2023-04-30 12552184 core:ShareCapital 2024-04-30 12552184 core:ShareCapital 2023-04-30 12552184 core:RetainedEarningsAccumulatedLosses 2024-04-30 12552184 core:RetainedEarningsAccumulatedLosses 2023-04-30 12552184 core:OtherPropertyPlantEquipment 2023-04-30 12552184 core:OtherPropertyPlantEquipment 2024-04-30 12552184 2023-05-01 2024-04-30 12552184 bus:FilletedAccounts 2023-05-01 2024-04-30 12552184 bus:SmallEntities 2023-05-01 2024-04-30 12552184 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 12552184 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12552184 bus:Director1 2023-05-01 2024-04-30 12552184 bus:Director2 2023-05-01 2024-04-30 12552184 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-05-01 2024-04-30 12552184 2022-05-01 2023-04-30 12552184 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Company No: 12552184 (England and Wales)

KIRK NOLAN LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

KIRK NOLAN LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

KIRK NOLAN LIMITED

BALANCE SHEET

As at 30 April 2024
KIRK NOLAN LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 3,102 6,327
3,102 6,327
Current assets
Debtors 4 166,488 144,085
Cash at bank and in hand 75,439 139,545
241,927 283,630
Creditors: amounts falling due within one year 5 ( 106,015) ( 125,430)
Net current assets 135,912 158,200
Total assets less current liabilities 139,014 164,527
Provision for liabilities ( 776) ( 1,582)
Net assets 138,238 162,945
Capital and reserves
Called-up share capital 200 200
Profit and loss account 138,038 162,745
Total shareholders' funds 138,238 162,945

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Kirk Nolan Limited (registered number: 12552184) were approved and authorised for issue by the Board of Directors on 24 January 2025. They were signed on its behalf by:

A J Kirk
Director
KIRK NOLAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
KIRK NOLAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Kirk Nolan Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 28 Deena Close, Queens Drive, London, W3 0HR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 May 2023 9,675 9,675
At 30 April 2024 9,675 9,675
Accumulated depreciation
At 01 May 2023 3,348 3,348
Charge for the financial year 3,225 3,225
At 30 April 2024 6,573 6,573
Net book value
At 30 April 2024 3,102 3,102
At 30 April 2023 6,327 6,327

4. Debtors

2024 2023
£ £
Trade debtors 156,038 127,008
Other debtors 10,450 17,077
166,488 144,085

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 7,894 11,438
Corporation tax 37,874 52,287
Other taxation and social security 54,515 39,921
Other creditors 5,732 21,784
106,015 125,430

6. Financial commitments

Other financial commitments

2024 2023
£ £
Motor vehicle operating lease 35,031 51,784