Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-07-01Provision of mobile site accomodation and cleaning services for building sites and special events3737truetruefalse 02308067 2023-07-01 2024-06-30 02308067 2022-07-01 2023-06-30 02308067 2024-06-30 02308067 2023-06-30 02308067 2022-07-01 02308067 1 2022-07-01 2023-06-30 02308067 5 2022-07-01 2023-06-30 02308067 d:Director1 2023-07-01 2024-06-30 02308067 d:Director3 2023-07-01 2024-06-30 02308067 d:RegisteredOffice 2023-07-01 2024-06-30 02308067 e:Buildings 2023-07-01 2024-06-30 02308067 e:Buildings 2024-06-30 02308067 e:Buildings 2023-06-30 02308067 e:Buildings e:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02308067 e:PlantMachinery 2023-07-01 2024-06-30 02308067 e:PlantMachinery 2024-06-30 02308067 e:PlantMachinery 2023-06-30 02308067 e:PlantMachinery e:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02308067 e:MotorVehicles 2023-07-01 2024-06-30 02308067 e:MotorVehicles 2024-06-30 02308067 e:MotorVehicles 2023-06-30 02308067 e:MotorVehicles e:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02308067 e:OfficeEquipment 2023-07-01 2024-06-30 02308067 e:OfficeEquipment 2024-06-30 02308067 e:OfficeEquipment 2023-06-30 02308067 e:OfficeEquipment e:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02308067 e:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02308067 e:CurrentFinancialInstruments 2024-06-30 02308067 e:CurrentFinancialInstruments 2023-06-30 02308067 e:Non-currentFinancialInstruments 2024-06-30 02308067 e:Non-currentFinancialInstruments 2023-06-30 02308067 e:CurrentFinancialInstruments e:WithinOneYear 2024-06-30 02308067 e:CurrentFinancialInstruments e:WithinOneYear 2023-06-30 02308067 e:Non-currentFinancialInstruments e:AfterOneYear 2024-06-30 02308067 e:Non-currentFinancialInstruments e:AfterOneYear 2023-06-30 02308067 e:ShareCapital 2023-07-01 2024-06-30 02308067 e:ShareCapital 2024-06-30 02308067 e:ShareCapital 2022-07-01 2023-06-30 02308067 e:ShareCapital 2023-06-30 02308067 e:ShareCapital 2022-07-01 02308067 e:SharePremium 2023-07-01 2024-06-30 02308067 e:SharePremium 2024-06-30 02308067 e:SharePremium 2022-07-01 2023-06-30 02308067 e:SharePremium 2023-06-30 02308067 e:SharePremium 2022-07-01 02308067 e:SharePremium 1 2022-07-01 2023-06-30 02308067 e:CapitalRedemptionReserve 2023-07-01 2024-06-30 02308067 e:CapitalRedemptionReserve 2024-06-30 02308067 e:CapitalRedemptionReserve 2022-07-01 2023-06-30 02308067 e:CapitalRedemptionReserve 2023-06-30 02308067 e:CapitalRedemptionReserve 2022-07-01 02308067 e:RevaluationReserve 2023-07-01 2024-06-30 02308067 e:RevaluationReserve 2024-06-30 02308067 e:RevaluationReserve 2022-07-01 2023-06-30 02308067 e:RevaluationReserve 2023-06-30 02308067 e:RevaluationReserve 2022-07-01 02308067 e:RevaluationReserve 1 2022-07-01 2023-06-30 02308067 e:RevaluationReserve 5 2022-07-01 2023-06-30 02308067 e:RevaluationReserve 8 2022-07-01 2023-06-30 02308067 e:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 02308067 e:RetainedEarningsAccumulatedLosses 2024-06-30 02308067 e:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 02308067 e:RetainedEarningsAccumulatedLosses 2023-06-30 02308067 e:RetainedEarningsAccumulatedLosses 2022-07-01 02308067 e:RetainedEarningsAccumulatedLosses 1 2022-07-01 2023-06-30 02308067 d:FRS102 2023-07-01 2024-06-30 02308067 d:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 02308067 d:FullAccounts 2023-07-01 2024-06-30 02308067 d:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02308067 e:WithinOneYear 2024-06-30 02308067 e:WithinOneYear 2023-06-30 02308067 e:BetweenOneFiveYears 2024-06-30 02308067 e:BetweenOneFiveYears 2023-06-30 02308067 2 2023-07-01 2024-06-30 02308067 5 2023-07-01 2024-06-30 02308067 e:ShareCapital 1 2022-07-01 2023-06-30 02308067 e:PlantMachinery e:LeasedAssetsHeldAsLessee 2024-06-30 02308067 e:PlantMachinery e:LeasedAssetsHeldAsLessee 2023-06-30 02308067 e:MotorVehicles e:LeasedAssetsHeldAsLessee 2024-06-30 02308067 e:MotorVehicles e:LeasedAssetsHeldAsLessee 2023-06-30 02308067 e:LeasedAssetsHeldAsLessee 2024-06-30 02308067 e:LeasedAssetsHeldAsLessee 2023-06-30 02308067 f:PoundSterling 2023-07-01 2024-06-30 02308067 e:RetainedEarningsAccumulatedLosses 5 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 02308067









KENSITE SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
KENSITE SERVICES LIMITED
 

CONTENTS



Page
Company Information
 
1
Statement of Financial Position
 
2 - 3
Statement of Changes in Equity
 
4 - 5
Notes to the Financial Statements
 
6 - 15

 
KENSITE SERVICES LIMITED
 
 
COMPANY INFORMATION


Directors
C S Ainscough 
C Ainscough 




Registered number
02308067



Registered office
Unit 9 Chanters Industrial Estate
Tyldesley Old Road

Manchester

M4569BE




Page 1

 
KENSITE SERVICES LIMITED
REGISTERED NUMBER: 02308067

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
6,113,142
5,476,162

  
6,113,142
5,476,162

Current assets
  

Stocks
  
88,179
116,259

Debtors: amounts falling due within one year
 6 
3,704,162
3,556,555

Cash at bank and in hand
 7 
111,079
802,935

  
3,903,420
4,475,749

Creditors: amounts falling due within one year
 8 
(2,076,278)
(2,541,139)

Net current assets
  
 
 
1,827,142
 
 
1,934,610

Total assets less current liabilities
  
7,940,284
7,410,772

Creditors: amounts falling due after more than one year
 9 
(683,480)
(815,636)

Provisions for liabilities
  

Deferred tax
  
(1,115,702)
(930,785)

  
 
 
(1,115,702)
 
 
(930,785)

Net assets
  
6,141,102
5,664,351


Capital and reserves
  

Called up share capital 
  
54
54

Share premium account
  
143,982
143,982

Revaluation reserve
  
513,993
520,940

Capital redemption reserve
  
55
55

Profit and loss account
  
5,483,018
4,999,320

  
6,141,102
5,664,351

Page 2

 
KENSITE SERVICES LIMITED
REGISTERED NUMBER: 02308067
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The directors consider 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 directors acknowledge their 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 comprehensive income 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 by: 




C S Ainscough
Director

Date: 20 March 2025

The notes on pages 6 to 15 form part of these financial statements.
Page 3

 
KENSITE SERVICES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024


Called up share capital
Share premium account
Capital redemption reserve
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£
£
£

At 1st July 2023
54
143,982
55
520,940
4,999,320
5,664,351


Comprehensive income for the year

Profit for the year
-
-
-
-
476,751
476,751

Transfer to/from profit and loss account
-
-
-
(6,947)
6,947
-


Total transactions with owners
-
-
-
(6,947)
6,947
-


At 30th June 2024
54
143,982
55
513,993
5,483,018
6,141,102


The notes on pages 6 to 15 form part of these financial statements.
Page 4

 
KENSITE SERVICES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023


Called up share capital
Share premium account
Capital redemption reserve
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£
£
£

At 1st July 2022
55
143,982
54
244,674
4,544,031
4,932,796


Comprehensive income for the year

Profit for the year

-
-
-
-
453,386
453,386

Surplus on revaluation of freehold property
-
-
-
353,808
-
353,808

Deferred tax measured through OCI
-
-
-
(75,638)
-
(75,638)


Other comprehensive income for the year
-
-
-
278,170
-
278,170


Contributions by and distributions to owners

Purchase of own shares
-
-
1
-
(1)
-

Shares cancelled during the year
(1)
-
-
-
-
(1)

Transfer to/from profit and loss account
-
-
-
(1,904)
1,904
-


Total transactions with owners
(1)
-
1
(1,904)
1,903
(1)


At 30th June 2023
54
143,982
55
520,940
4,999,320
5,664,351


The notes on pages 6 to 15 form part of these financial statements.

Page 5

 
KENSITE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1.


General information

The company is a private company limited by shares, registered in England and Wales, registered number 02308067. The address of the registered office is Unit 9 Chanters Industrial Estate, Tyldesley Old Road, Atherton, Manchester, M46 9BE, England.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 6

 
KENSITE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 7

 
KENSITE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

2.Accounting policies (continued)

 
2.8

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, as follows: .

Depreciation is provided on the following basis:

Freehold property
-
2% straight line
Plant and machinery
-
10-25% straight line
Motor vehicles
-
25% reducing balance
Office equipment
-
33% straight line

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.

 
2.9

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is 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.

Page 8

 
KENSITE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Page 9

 
KENSITE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

2.Accounting policies (continued)


2.15
Financial instruments (continued)


Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the
Page 10

 
KENSITE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

2.Accounting policies (continued)


2.15
Financial instruments (continued)

effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Page 11

 
KENSITE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of financial statements requires management to make judgements, estimates, and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Significant judgements
Management do not feel that there are any judgements (apart from those involving estimations) that have been made in the process of applying the entity's accounting policies which have a significant effect on the amounts recognised in the financial statements.
Key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:
Estimated useful life and residual value of fixed assets
Depreciation of tangible fixed assets have been based on the estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives and residual values, as evidenced by disposals during current and prior accounting periods.
Impairment of debtors
The company makes an estimate of the recoverable value of trade debtors. When assessing the impairment of trade debtors, management include factors including the current credit rating of the debtor, the ageing profile of debtors, and historical experience.


4.


Employees

The average monthly number of employees, including directors, during the year was 37 (2023 - 37).

Page 12

 
KENSITE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

5.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 July 2023
1,104,074
8,633,770
678,083
64,267
10,480,194


Additions
111,205
1,272,650
45,250
9,336
1,438,441


Disposals
-
(254,658)
(44,919)
-
(299,577)



At 30th June 2024

1,215,279
9,651,762
678,414
73,603
11,619,058



Depreciation


At 1 July 2023
3,681
4,576,974
398,779
24,598
5,004,032


Charge for the year on owned assets
36,680
634,517
76,458
16,843
764,498


Disposals
-
(238,264)
(24,350)
-
(262,614)



At 30th June 2024

40,361
4,973,227
450,887
41,441
5,505,916



Net book value



At 30th June 2024
1,174,918
4,678,535
227,527
32,162
6,113,142



At 30th June 2023
1,100,393
4,056,796
279,304
39,669
5,476,162

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
1,828,910
2,057,984

Motor vehicles
46,962
139,935

1,875,872
2,197,919

Page 13

 
KENSITE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

6.


Debtors

2024
2023
£
£


Trade debtors
889,078
747,278

Amounts owed by group undertakings
2,725,291
2,725,291

Other debtors
23,626
8,610

Prepayments and accrued income
66,167
75,376

3,704,162
3,556,555



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
111,079
802,935

111,079
802,935



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
107,452

Trade creditors
677,539
447,409

Other taxation and social security
23,670
148,794

Obligations under finance lease and hire purchase contracts
519,476
827,102

Other creditors
801,817
949,997

Accruals and deferred income
53,776
60,385

2,076,278
2,541,139


Page 14

 
KENSITE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
277,426

Net obligations under finance leases and hire purchase contracts
683,480
538,210

683,480
815,636



10.


Commitments under operating leases

At 30th June 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
141,568
178,084

Later than 1 year and not later than 5 years
193,130
334,698

334,698
512,782


11.


Controlling party

At the year end the ultimate controlling party was Measure Twice Cut Once Limited, a company registered in England & Wales. The registered office address is Unit 9 Chanters Industrial Estate, Tyldesley Old Road, Atherton, Manchester, England, M46 9BE. 
 
Page 15