Registered number
09724333
Kenny Stuart Ltd
Filleted Accounts
31 August 2024
Kenny Stuart Ltd
Registered number: 09724333
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 34,872 43,842
Current assets
Debtors 4 3,425 -
Cash at bank and in hand 12,691 17,403
16,116 17,403
Creditors: amounts falling due within one year 5 (12,386) (3,337)
Net current assets 3,730 14,066
Total assets less current liabilities 38,602 57,908
Creditors: amounts falling due after more than one year 6 (30,323) (42,030)
Provisions for liabilities (6,626) (8,330)
Net assets 1,653 7,548
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,652 7,547
Shareholder's funds 1,653 7,548
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr K A Stuart
Director
Approved by the board on 23 April 2025
Kenny Stuart Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 48,643
Disposals (3,147)
At 31 August 2024 45,496
Depreciation
At 1 September 2023 4,801
Charge for the year 8,970
On disposals (3,147)
At 31 August 2024 10,624
Net book value
At 31 August 2024 34,872
At 31 August 2023 43,842
4 Debtors 2024 2023
£ £
Other debtors 3,425 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 11,707 10,507
Taxation and social security costs 679 (7,170)
12,386 3,337
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 30,323 42,030
7 Other information
Kenny Stuart Ltd is a private company limited by shares and incorporated in England. Its registered office is:
114b Norbury Crescent
London
SW16 4JZ
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