Kenay Ltd 03788001 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is the manufacture of paper and paperboard products. Digita Accounts Production Advanced 6.30.9574.0 true true 03788001 2023-07-01 2024-06-30 03788001 2024-06-30 03788001 bus:Director1 1 2024-06-30 03788001 bus:Director3 1 2024-06-30 03788001 bus:OrdinaryShareClass1 2024-06-30 03788001 core:RetainedEarningsAccumulatedLosses 2024-06-30 03788001 core:ShareCapital 2024-06-30 03788001 core:CurrentFinancialInstruments 2024-06-30 03788001 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 03788001 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 03788001 core:FurnitureFittingsToolsEquipment 2024-06-30 03788001 core:LandBuildings 2024-06-30 03788001 core:OtherPropertyPlantEquipment 2024-06-30 03788001 bus:SmallEntities 2023-07-01 2024-06-30 03788001 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 03788001 bus:FilletedAccounts 2023-07-01 2024-06-30 03788001 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 03788001 bus:RegisteredOffice 2023-07-01 2024-06-30 03788001 bus:Director1 2023-07-01 2024-06-30 03788001 bus:Director1 1 2023-07-01 2024-06-30 03788001 bus:Director3 2023-07-01 2024-06-30 03788001 bus:Director3 1 2023-07-01 2024-06-30 03788001 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 03788001 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03788001 core:ComputerEquipment 2023-07-01 2024-06-30 03788001 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 03788001 core:LandBuildings 2023-07-01 2024-06-30 03788001 core:LeaseholdImprovements 2023-07-01 2024-06-30 03788001 core:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 03788001 core:PlantMachinery 2023-07-01 2024-06-30 03788001 countries:England 2023-07-01 2024-06-30 03788001 2023-06-30 03788001 bus:Director1 1 2023-06-30 03788001 bus:Director3 1 2023-06-30 03788001 core:FurnitureFittingsToolsEquipment 2023-06-30 03788001 core:LandBuildings 2023-06-30 03788001 core:OtherPropertyPlantEquipment 2023-06-30 03788001 2022-07-01 2023-06-30 03788001 2023-06-30 03788001 bus:Director1 1 2023-06-30 03788001 bus:Director3 1 2023-06-30 03788001 bus:OrdinaryShareClass1 2023-06-30 03788001 core:RetainedEarningsAccumulatedLosses 2023-06-30 03788001 core:ShareCapital 2023-06-30 03788001 core:CurrentFinancialInstruments 2023-06-30 03788001 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 03788001 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 03788001 core:FurnitureFittingsToolsEquipment 2023-06-30 03788001 core:LandBuildings 2023-06-30 03788001 core:OtherPropertyPlantEquipment 2023-06-30 03788001 bus:Director1 1 2022-07-01 2023-06-30 03788001 bus:Director3 1 2022-07-01 2023-06-30 03788001 bus:Director1 1 2022-06-30 03788001 bus:Director3 1 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03788001

Kenay Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Kenay Ltd

Contents

Company Information

1

Statement of Financial Position

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Kenay Ltd

Company Information

Directors

Ms Jill Naylor

Mr Keith Edward Naylor

Registered office

54 Brindley Road
Astmoor Industrial Estate
Runcorn
Cheshire
WA7 1PF

Accountants

Bright Partnership Limited
Chartered Accountants & Business Advisors
Unit 26 Edward Court
Broadheath
Altrincham
WA14 5GL

 

Kenay Ltd

(Registration number: 03788001)
Statement of Financial Position as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

45,024

53,363

Current assets

 

Stocks

132,250

137,806

Debtors

5

203,014

235,462

Cash at bank and in hand

 

2,563

55

 

337,827

373,323

Creditors: Amounts falling due within one year

6

(225,045)

(260,323)

Net current assets

 

112,782

113,000

Total assets less current liabilities

 

157,806

166,363

Creditors: Amounts falling due after more than one year

6

(12,527)

(21,972)

Provisions for liabilities

(10,520)

(9,457)

Net assets

 

134,759

134,934

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

134,659

134,834

Shareholders' funds

 

134,759

134,934

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 January 2025 and signed on its behalf by:
 

 

Kenay Ltd

(Registration number: 03788001)
Statement of Financial Position as at 30 June 2024

.........................................
Ms Jill Naylor
Director

 

Kenay Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
54 Brindley Road
Astmoor Industrial Estate
Runcorn
Cheshire
WA7 1PF

These financial statements were authorised for issue by the Board on 29 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Kenay Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

15% RB

Computer Equipment

33.3% SL

Improvements to Leasehold

25% RB

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Kenay Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the
company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient
assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If
contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Kenay Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2023 - 10).

 

Kenay Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2023

9,000

6,273

493,535

508,808

At 30 June 2024

9,000

6,273

493,535

508,808

Depreciation

At 1 July 2023

9,000

5,317

441,128

455,445

Charge for the year

-

478

7,861

8,339

At 30 June 2024

9,000

5,795

448,989

463,784

Carrying amount

At 30 June 2024

-

478

44,546

45,024

At 30 June 2023

-

956

52,407

53,363

5

Debtors

Current

2024
£

2023
£

Trade debtors

191,237

224,998

Prepayments

9,819

8,505

Other debtors

1,958

1,959

 

203,014

235,462

 

Kenay Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

45,626

49,652

Trade creditors

 

123,019

129,268

Taxation and social security

 

32,987

47,704

Accruals and deferred income

 

3,625

3,625

Other creditors

 

19,788

30,074

 

225,045

260,323

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

12,527

21,972

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

8

Related party transactions

Transactions with directors

2024

At 1 July 2023
£

Advances to director
£

Repayments by director
£

At 30 June 2024
£

Mr Keith Edward Naylor

DLA Movement

16,848

(13,608)

-

3,240

Ms Jill Naylor

DLA Movement

(6,840)

(52,631)

60,000

529

 

Kenay Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

2023

At 1 July 2022
£

Advances to director
£

Repayments by director
£

Other payments made to company by director
£

At 30 June 2023
£

Mr Keith Edward Naylor

DLA Movement

17,500

(698)

47

-

16,848

Ms Jill Naylor

DLA Movement

13,442

(76,829)

47

56,500

(6,840)