13 12 Kendall Joinery Contractors Ltd 04519863 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is joinery contracting, which remains unchanged from the previous year Digita Accounts Production Advanced 6.30.9574.0 true false 04519863 2023-11-01 2024-10-31 04519863 2024-10-31 04519863 core:CapitalRedemptionReserve 2024-10-31 04519863 core:RetainedEarningsAccumulatedLosses 2024-10-31 04519863 core:ShareCapital 2024-10-31 04519863 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-10-31 04519863 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-10-31 04519863 core:CurrentFinancialInstruments 2024-10-31 04519863 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 04519863 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-31 04519863 core:AdditionsToInvestments 2024-10-31 04519863 core:FurnitureFittingsToolsEquipment 2024-10-31 04519863 core:MotorVehicles 2024-10-31 04519863 bus:SmallEntities 2023-11-01 2024-10-31 04519863 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 04519863 bus:FilletedAccounts 2023-11-01 2024-10-31 04519863 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 04519863 bus:RegisteredOffice 2023-11-01 2024-10-31 04519863 bus:Director1 2023-11-01 2024-10-31 04519863 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04519863 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 04519863 core:MotorVehicles 2023-11-01 2024-10-31 04519863 core:PlantMachinery 2023-11-01 2024-10-31 04519863 countries:England 2023-11-01 2024-10-31 04519863 2023-10-31 04519863 core:FurnitureFittingsToolsEquipment 2023-10-31 04519863 core:MotorVehicles 2023-10-31 04519863 2022-11-01 2023-10-31 04519863 2023-10-31 04519863 core:CapitalRedemptionReserve 2023-10-31 04519863 core:RetainedEarningsAccumulatedLosses 2023-10-31 04519863 core:ShareCapital 2023-10-31 04519863 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-10-31 04519863 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-10-31 04519863 core:CurrentFinancialInstruments 2023-10-31 04519863 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 04519863 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 04519863 core:FurnitureFittingsToolsEquipment 2023-10-31 04519863 core:MotorVehicles 2023-10-31 xbrli:pure iso4217:GBP

Registration number: 04519863

Kendall Joinery Contractors Ltd

Filleted Unaudited Financial Statements

for the Year Ended 31 October 2024

 

Kendall Joinery Contractors Ltd

(Registration number: 04519863)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

128,478

151,074

Investments

5

100

-

 

128,578

151,074

Current assets

 

Stocks

46,783

40,658

Debtors

6

317,786

269,810

Cash at bank and in hand

 

234,860

396,393

 

599,429

706,861

Creditors: Amounts falling due within one year

7

(93,243)

(160,240)

Net current assets

 

506,186

546,621

Total assets less current liabilities

 

634,764

697,695

Creditors: Amounts falling due after more than one year

7

(3,789)

(21,086)

Provisions for liabilities

(30,596)

(37,770)

Net assets

 

600,379

638,839

Capital and reserves

 

Called up share capital

9

50

50

Capital redemption reserve

50

50

Retained earnings

600,279

638,739

Shareholders' funds

 

600,379

638,839

 

Kendall Joinery Contractors Ltd

(Registration number: 04519863)
Balance Sheet as at 31 October 2024

For the financial year ending 31 October 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 and 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 12 March 2025 and signed on its behalf by:
 


Mr D Stennett
Director

   
 

Kendall Joinery Contractors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

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

The address of its registered office is:
50-54 Oswald Road
Scunthorpe
North Lincolnshire
DN15 7PQ

Registration number: 04519863

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.

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 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.

 

Kendall Joinery Contractors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

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

Plant and machinery

15% on reducing balance

Mortor vehicles

25% on reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

 

Kendall Joinery Contractors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

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.

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.

 

Kendall Joinery Contractors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

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.

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 directors) during the year was 13 (2023 - 12).

 

Kendall Joinery Contractors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2023

18,672

224,739

243,411

Additions

7,090

22,995

30,085

Disposals

-

(23,995)

(23,995)

At 31 October 2024

25,762

223,739

249,501

Depreciation

At 1 November 2023

11,125

81,212

92,337

Charge for the year

1,792

36,799

38,591

Eliminated on disposal

-

(9,905)

(9,905)

At 31 October 2024

12,917

108,106

121,023

Carrying amount

At 31 October 2024

12,845

115,633

128,478

At 31 October 2023

7,547

143,527

151,074

5

Investments

2024
£

2023
£

Investments in subsidiaries

100

-

Subsidiaries

£

Cost or valuation

Additions

100

Carrying amount

At 31 October 2024

100

 

Kendall Joinery Contractors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

6

Debtors

2024
£

2023
£

Trade debtors

271,616

228,878

Amounts owed by group undertakings

14,900

-

Prepayments

13,267

7,440

Other debtors

18,003

33,492

 

317,786

269,810

7

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

27,292

34,259

Trade payables

 

30,240

3,107

Social security and other taxes

 

16,864

81,690

Other payables

 

18,847

41,184

 

93,243

160,240

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

3,789

21,086

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Hire purchase contracts

27,292

34,259

Non-current loans and borrowings

2024
£

2023
£

Hire purchase contracts

3,789

21,086

 

Kendall Joinery Contractors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Secured creditors
Included in loans and borrowings are hire purchase loans of £31,081 (2023 - £55,345), which are secured on the assets of the company.

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

50

50

50

50