Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-302023-10-01No description of principal activityfalsefalse11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14387128 2023-10-01 2024-09-30 14387128 2022-09-29 2023-09-30 14387128 2024-09-30 14387128 2023-09-30 14387128 c:Director1 2023-10-01 2024-09-30 14387128 d:MotorVehicles 2023-10-01 2024-09-30 14387128 d:MotorVehicles 2024-09-30 14387128 d:MotorVehicles 2023-09-30 14387128 d:CurrentFinancialInstruments 2024-09-30 14387128 d:CurrentFinancialInstruments 2023-09-30 14387128 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 14387128 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 14387128 d:ShareCapital 2024-09-30 14387128 d:ShareCapital 2023-09-30 14387128 d:RetainedEarningsAccumulatedLosses 2024-09-30 14387128 d:RetainedEarningsAccumulatedLosses 2023-09-30 14387128 c:OrdinaryShareClass1 2023-10-01 2024-09-30 14387128 c:OrdinaryShareClass1 2024-09-30 14387128 c:OrdinaryShareClass1 2023-09-30 14387128 c:FRS102 2023-10-01 2024-09-30 14387128 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 14387128 c:FullAccounts 2023-10-01 2024-09-30 14387128 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 14387128 2 2023-10-01 2024-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14387128









K HYNES (CODED WELDER) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
K HYNES (CODED WELDER) LIMITED
REGISTERED NUMBER: 14387128

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
-
10,125

  
-
10,125

Current assets
  

Debtors: amounts falling due within one year
  
1,662
5,512

Cash at bank and in hand
  
36,666
36,449

  
38,328
41,961

Creditors: amounts falling due within one year
  
(7,398)
(33,193)

Net current assets
  
 
 
30,930
 
 
8,768

Total assets less current liabilities
  
30,930
18,893

  

Net assets
  
30,930
18,893


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
30,830
18,793

  
30,930
18,893


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 February 2025.



Page 1

 
K HYNES (CODED WELDER) LIMITED
REGISTERED NUMBER: 14387128
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024


Kevin Hynes
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
K HYNES (CODED WELDER) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

K Hynes (Coded Welder) Limited is a private company limited by shares, registered in the United Kingdom number 14387128. Its registered office is Manor House, 35 St. Thomas’s Road, Chorley, Lancashire, PR7 1HP. 
During the period, the principal activity of the company was that of Repair of fabricated metal products.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
K HYNES (CODED WELDER) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
K HYNES (CODED WELDER) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.9

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Motor vehicles

£





At 1 October 2023
13,500


Disposals
(13,500)



At 30 September 2024

-





At 1 October 2023
3,375


Disposals
(3,375)



At 30 September 2024

-



Net book value



At 30 September 2024
-



At 30 September 2023
10,125


5.


Debtors

2024
2023
£
£


Trade debtors
-
4,720

Other debtors
1,662
792

1,662
5,512


Page 5

 
K HYNES (CODED WELDER) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
36,666
36,449

36,666
36,449



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
108

Corporation tax
5,199
4,457

Other creditors
-
26,887

Accruals and deferred income
2,199
1,741

7,398
33,193



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


 
Page 6