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REGISTERED NUMBER: 00789819 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024

FOR

KEN BURROWS LIMITED

KEN BURROWS LIMITED (REGISTERED NUMBER: 00789819)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


KEN BURROWS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTORS: Mr A D Jackson
Mrs S J Jackson





REGISTERED OFFICE: 1st Floor, 49 High Street
Hucknall
Nottingham
Nottinghamshire
NG15 7AW





BUSINESS ADDRESS: 40 Ogle Street
Hucknall
Nottinghamshire
NG15 7FR





REGISTERED NUMBER: 00789819 (England and Wales)





ACCOUNTANTS: Elkingtons Accountants Limited
1st Floor
49 High Street
Hucknall
Nottinghamshire
NG15 7AW

KEN BURROWS LIMITED (REGISTERED NUMBER: 00789819)

ABRIDGED BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,803 46,932

CURRENT ASSETS
Stocks 194,936 88,502
Debtors 855,553 832,862
Cash at bank and in hand 928,494 407,273
1,978,983 1,328,637
CREDITORS
Amounts falling due within one year 1,079,015 815,286
NET CURRENT ASSETS 899,968 513,351
TOTAL ASSETS LESS CURRENT
LIABILITIES

962,771

560,283

CREDITORS
Amounts falling due after more than one
year

(10,000

)

(20,000

)

PROVISIONS FOR LIABILITIES (8,849 ) (11,733 )
NET ASSETS 943,922 528,550

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 943,822 528,450
943,922 528,550

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

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

The directors acknowledge their 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.

KEN BURROWS LIMITED (REGISTERED NUMBER: 00789819)

ABRIDGED BALANCE SHEET - continued
31ST JULY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th February 2025 and were signed on its behalf by:




Mr A D Jackson - Director



Mrs S J Jackson - Director


KEN BURROWS LIMITED (REGISTERED NUMBER: 00789819)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

Ken Burrows 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.

Turnover
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 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stock is valued at the lower of cost and net realisable value. This includes all purchase, transport and handling costs in bringing stocks to their present location and condition. Making necessary allowances for obsolete or slow moving items.
Cost is calculated using the first-in, first-out method & includes all purchase, transport and handling costs in bringing stocks to their present location & condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

KEN BURROWS LIMITED (REGISTERED NUMBER: 00789819)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Amounts recoverable on contracts
Where the outcome of a contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the balance sheet date. The company uses the "percentage of completion method" to determine the appropriate amount to recognise in a given period. The assessment of the stage of completion is dependent on the nature of the contract, but will generally be based on the estimated proportion of the total contract costs which have been incurred to date. If a contract is expected to be loss-making, a provision is recognised immediately for the entire loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st August 2023 170,886
Additions 36,117
Disposals (15,145 )
At 31st July 2024 191,858
DEPRECIATION
At 1st August 2023 123,954
Charge for year 19,968
Eliminated on disposal (14,867 )
At 31st July 2024 129,055
NET BOOK VALUE
At 31st July 2024 62,803
At 31st July 2023 46,932

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 21,610 13,365
Between one and five years 25,915 10,587
47,525 23,952

KEN BURROWS LIMITED (REGISTERED NUMBER: 00789819)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

6. SECURED DEBTS

A fixed and floating charge was signed and lodged against all property and undertakings of the company to secure all liabilities to Barclays Security Trustee Limited. This includes an unlimited inter company composite guarantee between Ken Burrows Limited and AMPCO 122 Limited.

7. RELATED PARTY DISCLOSURES

During the year the company borrowed money from a connected company, of which the director holds a participating interest. The loan is on an interest free basis, with the balance outstanding being repayable upon demand. The balance outstanding at the year end date was £298,364 (2023: £64,924)

8. ULTIMATE CONTROLLING PARTY

The directors consider Mr. & Mrs. Jackson the ultimate controlling party due to their joint 60% equity share in AMPCO 122 Limited.