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COMPANY REGISTRATION NUMBER: 04434710
Kendal Wills Limited
Filleted Unaudited Financial Statements
31 October 2024
Kendal Wills Limited
Financial Statements
Period from 1 February 2024 to 31 October 2024
Contents
Page
Officers and professional advisers
1
Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
4
Kendal Wills Limited
Officers and Professional Advisers
Director
Mrs N Combe
Registered office
10 Aldcliffe Yard
Lancaster
England
LA1 1BF
Accountants
Riverside Accountancy Lancaster Limited
Chartered accountants
Suite 2, 2 Mannin Way
Lancaster Business Park
Caton Road
Lancaster
LA1 3SU
Kendal Wills Limited
Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Kendal Wills Limited
Period from 1 February 2024 to 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kendal Wills Limited for the period ended 31 October 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Kendal Wills Limited in accordance with the terms of our engagement letter dated 17 January 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Kendal Wills Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kendal Wills Limited and its director for our work or for this report.
It is your duty to ensure that Kendal Wills Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Kendal Wills Limited. You consider that Kendal Wills Limited is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the financial statements of Kendal Wills Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Riverside Accountancy Lancaster Limited Chartered accountants
Suite 2, 2 Mannin Way Lancaster Business Park Caton Road Lancaster LA1 3SU
25 April 2025
Kendal Wills Limited
Statement of Financial Position
31 October 2024
31 Oct 24
31 Jan 24
(restated)
Note
£
£
Current assets
Debtors
5
132
5,237
Cash at bank and in hand
490
214
----
-------
622
5,451
Creditors: amounts falling due within one year
6
780
5,106
----
-------
Net current (liabilities)/assets
( 158)
345
----
----
Total assets less current liabilities
( 158)
345
----
----
Net (liabilities)/assets
( 158)
345
----
----
Capital and reserves
Called up share capital
7
2
2
Profit and loss account
( 160)
343
----
----
Shareholders (deficit)/funds
( 158)
345
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 October 2024 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 financial statements for the period in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 25 April 2025 , and are signed on behalf of the board by:
Mrs N Combe
Director
Company registration number: 04434710
Kendal Wills Limited
Notes to the Financial Statements
Period from 1 February 2024 to 31 October 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Aldcliffe Yard, Lancaster, LA1 1BF, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1 (2024: 1 ).
5. Debtors
31 Oct 24
31 Jan 24
(restated)
£
£
Other debtors
132
5,237
----
-------
6. Creditors: amounts falling due within one year
31 Oct 24
31 Jan 24
(restated)
£
£
Social security and other taxes
4,356
Other creditors
780
750
----
-------
780
5,106
----
-------
7. Called up share capital
Issued, called up and fully paid
31 Oct 24
31 Jan 24
(restated)
No.
£
No.
£
Ordinary shares of £ 1 each
2
2
2
2
----
----
----
----
8. Prior year errors
During the preparation of the accounts to October 2024, it was highlighted that dividends were overdeclared to shareholders due to after year end transactions, this has no impact on the profit and loss account within the financial statements.
9. Related party transactions
At the end of January 2024, there was an amount owed by a former director, this was then repaid in full therefore the balance at 31st October 2024 is nil.