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REGISTERED NUMBER: 04092121












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

KIRK & CRANSTON LIMITED

KIRK & CRANSTON LIMITED (REGISTERED NUMBER: 04092121)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KIRK & CRANSTON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTOR: Mr G W Cranston





SECRETARY: Mrs T Cranston





REGISTERED OFFICE: Unit 15b Albion Road
Carlton Industrial Estate
Carlton
Barnsley
South Yorkshire
S71 3HW





REGISTERED NUMBER: 04092121





ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB

KIRK & CRANSTON LIMITED (REGISTERED NUMBER: 04092121)

BALANCE SHEET
31 JANUARY 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 43,570 52,975
43,570 52,975

CURRENT ASSETS
Stocks 39,180 42,961
Debtors 6 48,282 37,584
Cash at bank and in hand 34,027 107,007
121,489 187,552
CREDITORS
Amounts falling due within one year 7 80,605 147,073
NET CURRENT ASSETS 40,884 40,479
TOTAL ASSETS LESS CURRENT LIABILITIES 84,454 93,454

CREDITORS
Amounts falling due after more than
one year

8

(9,970

)

(23,520

)

PROVISIONS FOR LIABILITIES (8,278 ) (10,065 )
NET ASSETS 66,206 59,869

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 66,106 59,769
SHAREHOLDERS' FUNDS 66,206 59,869

KIRK & CRANSTON LIMITED (REGISTERED NUMBER: 04092121)

BALANCE SHEET - continued
31 JANUARY 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

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

The financial statements were approved by the director and authorised for issue on 12 March 2025 and were signed by:





Mr G W Cranston - Director


KIRK & CRANSTON LIMITED (REGISTERED NUMBER: 04092121)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

Kirk & Cranston Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Turnover from the manufacture, supply and installation of bespoke joinery products is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on installation of products.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business is fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

KIRK & CRANSTON LIMITED (REGISTERED NUMBER: 04092121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant & machinery 25% reducing balance
Motor Vehicles25% reducing balance
Fixtures & Fittings15% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving stock.
Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and 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.

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.

KIRK & CRANSTON LIMITED (REGISTERED NUMBER: 04092121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 7,000
AMORTISATION
At 1 February 2024
and 31 January 2025 7,000
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 -

KIRK & CRANSTON LIMITED (REGISTERED NUMBER: 04092121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2024 18,550 36,421 54,942 109,913
Additions - 2,167 - 2,167
At 31 January 2025 18,550 38,588 54,942 112,080
DEPRECIATION
At 1 February 2024 11,593 17,920 27,425 56,938
Charge for year 1,739 2,953 6,880 11,572
At 31 January 2025 13,332 20,873 34,305 68,510
NET BOOK VALUE
At 31 January 2025 5,218 17,715 20,637 43,570
At 31 January 2024 6,957 18,501 27,517 52,975

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 47,695 36,551
Prepayments and accrued income 587 1,033
48,282 37,584

KIRK & CRANSTON LIMITED (REGISTERED NUMBER: 04092121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 9,911 9,911
Hire purchase contracts (see note 9) 3,573 3,573
Trade creditors 25,397 31,555
Corporation tax 8,166 4,834
Social security and other taxes 4,824 3,562
VAT 5,983 18,894
Other creditors - 1,434
Directors' current accounts 1,036 13,785
Accruals and deferred income 21,715 59,525
80,605 147,073

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans - 1-2 years 3,976 14,200
Hire purchase contracts (see note 9) 5,994 9,320
9,970 23,520

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.1.25 31.1.24
£    £   
Net obligations repayable:
Within one year 3,573 3,573
Between one and five years 5,994 9,320
9,567 12,893

KIRK & CRANSTON LIMITED (REGISTERED NUMBER: 04092121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
31.1.25 31.1.24
£    £   
Within one year 16,000 32,000
Between one and five years - 16,000
16,000 48,000

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.25 31.1.24
value: £    £   
100 Ordinary £1 100 100