Kershaw & Co. Ltd 01970264 false 2024-02-01 2025-01-31 2025-01-31 The principal activity of the company is engineering Digita Accounts Production Advanced 6.30.9574.0 true true 01970264 2024-02-01 2025-01-31 01970264 2025-01-31 01970264 bus:OrdinaryShareClass1 2025-01-31 01970264 core:RetainedEarningsAccumulatedLosses 2025-01-31 01970264 core:ShareCapital 2025-01-31 01970264 core:HirePurchaseContracts core:CurrentFinancialInstruments 2025-01-31 01970264 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2025-01-31 01970264 core:CurrentFinancialInstruments 2025-01-31 01970264 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 01970264 core:Non-currentFinancialInstruments core:AfterOneYear 2025-01-31 01970264 core:FurnitureFittings 2025-01-31 01970264 core:LandBuildings core:LongLeaseholdAssets 2025-01-31 01970264 core:LandBuildings core:OwnedOrFreeholdAssets 2025-01-31 01970264 core:MotorVehicles 2025-01-31 01970264 core:PlantMachinery 2025-01-31 01970264 bus:SmallEntities 2024-02-01 2025-01-31 01970264 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 01970264 bus:FilletedAccounts 2024-02-01 2025-01-31 01970264 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 01970264 bus:RegisteredOffice 2024-02-01 2025-01-31 01970264 bus:Director1 2024-02-01 2025-01-31 01970264 bus:OrdinaryShareClass1 2024-02-01 2025-01-31 01970264 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 01970264 core:FurnitureFittings 2024-02-01 2025-01-31 01970264 core:LandBuildings 2024-02-01 2025-01-31 01970264 core:LandBuildings core:LongLeaseholdAssets 2024-02-01 2025-01-31 01970264 core:LandBuildings core:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 01970264 core:MotorVehicles 2024-02-01 2025-01-31 01970264 core:PlantMachinery 2024-02-01 2025-01-31 01970264 countries:EnglandWales 2024-02-01 2025-01-31 01970264 2024-01-31 01970264 core:FurnitureFittings 2024-01-31 01970264 core:LandBuildings core:LongLeaseholdAssets 2024-01-31 01970264 core:LandBuildings core:OwnedOrFreeholdAssets 2024-01-31 01970264 core:MotorVehicles 2024-01-31 01970264 core:PlantMachinery 2024-01-31 01970264 2023-02-01 2024-01-31 01970264 2024-01-31 01970264 bus:OrdinaryShareClass1 2024-01-31 01970264 core:RetainedEarningsAccumulatedLosses 2024-01-31 01970264 core:ShareCapital 2024-01-31 01970264 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-01-31 01970264 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-01-31 01970264 core:CurrentFinancialInstruments 2024-01-31 01970264 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 01970264 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 01970264 core:FurnitureFittings 2024-01-31 01970264 core:LandBuildings core:LongLeaseholdAssets 2024-01-31 01970264 core:LandBuildings core:OwnedOrFreeholdAssets 2024-01-31 01970264 core:MotorVehicles 2024-01-31 01970264 core:PlantMachinery 2024-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01970264

Kershaw & Co. Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

Kershaw & Co. Ltd

(Registration number: 01970264)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

407,442

448,881

Current assets

 

Stocks

5

35,250

30,250

Debtors

6

80,110

82,726

Cash at bank and in hand

 

612,013

455,105

 

727,373

568,081

Creditors: Amounts falling due within one year

7

(160,933)

(104,778)

Net current assets

 

566,440

463,303

Total assets less current liabilities

 

973,882

912,184

Creditors: Amounts falling due after more than one year

7

(42,396)

(78,581)

Provisions for liabilities

(36,720)

(51,166)

Net assets

 

894,766

782,437

Capital and reserves

 

Called up share capital

8

5,000

5,000

Retained earnings

889,766

777,437

Shareholders' funds

 

894,766

782,437

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Kershaw & Co. Ltd

(Registration number: 01970264)
Balance Sheet as at 31 January 2025

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.

Approved and authorised by the director on 27 February 2025
 

.........................................
Mr A Kershaw
Director

 

Kershaw & Co. Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

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

The address of its registered office is:
Hixon Industrial Estate
Hixon
Stafford
Staffordshire
ST18 0PY

These financial statements were authorised for issue by the director on 27 February 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.

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.

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.

 

Kershaw & Co. Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

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 balance sheet 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

Freehold property

2% straight line

Plant and machinery

10% straight line

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.

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.

 

Kershaw & Co. Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

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.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

 

Kershaw & Co. Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 3).

4

Tangible assets

Land and buildings
£

Long leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Cost or valuation

At 1 February 2024

223,853

128,540

20,550

1,689,244

Additions

-

-

-

16,913

Disposals

-

-

-

(114,350)

At 31 January 2025

223,853

128,540

20,550

1,591,807

Depreciation

At 1 February 2024

74,985

128,540

20,550

1,389,231

Charge for the year

4,477

-

-

53,875

Eliminated on disposal

-

-

-

(114,350)

At 31 January 2025

79,462

128,540

20,550

1,328,756

Carrying amount

At 31 January 2025

144,391

-

-

263,051

At 31 January 2024

148,868

-

-

300,013

 

Kershaw & Co. Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2024

28,379

2,090,566

Additions

-

16,913

Disposals

-

(114,350)

At 31 January 2025

28,379

1,993,129

Depreciation

At 1 February 2024

28,379

1,641,685

Charge for the year

-

58,352

Eliminated on disposal

-

(114,350)

At 31 January 2025

28,379

1,585,687

Carrying amount

At 31 January 2025

-

407,442

At 31 January 2024

-

448,881

Included within the net book value of land and buildings above is £144,391 (2024 - £148,868) in respect of freehold land and buildings and £Nil (2024 - £Nil) in respect of long leasehold land and buildings.
 

5

Stocks

2025
£

2024
£

Raw materials and consumables

35,250

30,250

6

Debtors

Current

2025
£

2024
£

Trade debtors

76,995

79,457

Prepayments

3,115

3,269

 

80,110

82,726

 

Kershaw & Co. Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

9

41,390

41,390

Trade creditors

 

38,829

13,978

Taxation and social security

 

77,798

47,950

Accruals and deferred income

 

1,510

1,460

Other creditors

 

1,406

-

 

160,933

104,778

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

9

42,396

78,581

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary share of £1 each

5,000

5,000

5,000

5,000

       

9

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Hire purchase contracts

42,396

78,581

Current loans and borrowings

2025
£

2024
£

Hire purchase contracts

41,390

41,390