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COMPANY REGISTRATION NUMBER: 05946648
Ken Jenkinson Decorating Services Limited
Filleted Unaudited Financial Statements
31 July 2024
Ken Jenkinson Decorating Services Limited
Financial Statements
Year ended 31 July 2024
Contents
Pages
Chartered accountants report to the director on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
3 to 4
Ken Jenkinson Decorating Services Limited
Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Ken Jenkinson Decorating Services Limited
Year ended 31 July 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 Ken Jenkinson Decorating Services Limited for the year ended 31 July 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 Ken Jenkinson Decorating Services Limited. Our work has been undertaken solely to prepare for your approval the financial statements of Ken Jenkinson Decorating Services 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 Ken Jenkinson Decorating Services Limited and its director for our work or for this report.
It is your duty to ensure that Ken Jenkinson Decorating Services 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 profit of Ken Jenkinson Decorating Services Limited. You consider that Ken Jenkinson Decorating Services Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Ken Jenkinson Decorating Services 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.
HEBBLETHWAITES Chartered Accountants
2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ
6 May 2025
Ken Jenkinson Decorating Services Limited
Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
Current assets
Debtors
4
25,899
19,019
Cash at bank and in hand
9,397
--------
--------
25,899
28,416
Creditors: amounts falling due within one year
5
14,823
9,971
--------
--------
Net current assets
11,076
18,445
--------
--------
Total assets less current liabilities
11,076
18,445
Creditors: amounts falling due after more than one year
6
11,369
21,594
--------
--------
Net liabilities
( 293)
( 3,149)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 393)
( 3,249)
----
-------
Shareholders deficit
( 293)
( 3,149)
----
-------
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 income and retained earnings has not been delivered.
For the year ending 31 July 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 year in question in accordance with section 476 ;
- The director acknowledges his 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 6 May 2025 , and are signed on behalf of the board by:
Mr R Jenkinson
Director
Company registration number: 05946648
Ken Jenkinson Decorating Services Limited
Notes to the Financial Statements
Year ended 31 July 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 The Depot, Hicks Street, Sheffield, S3 8BL.
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.
Termination of trading
The company ceased trading in late 2019 and there are currently no plans for re-commencement in the foreseeable future.
Going concern
At the period end date, the closing Statement of Financial Position reflects a net liability position. Despite this, the financial statements have been prepared on the going concern basis. The director is of the opinion that this basis remains appropriate given the ongoing support provided to the company by its' bank and with arrangements in place to settle the bank liability in the near future.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Debtors
2024
2023
£
£
Other debtors
25,899
19,019
--------
--------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
14,823
9,971
--------
-------
6. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
11,369
21,594
--------
--------
The company has borrowed £50,000 under the Government's Covid bounce back loan scheme.
This loan is repayable within 6 years from August 2020, with no repayments due for the first 12 months.
Interest of 2.5% is payable monthly, in arrears, on this loan; the Government covers the first 12 months interest charge.
The Government acts as guarantor to the lender for this loan.
7. Related party transactions
The debtor total, as set out in note 5 above, relates to monies owing to the company, by way of loan, by a related party company under common control. There are now plans in place for the loan to be repaid to similarly settle the bank debt currently outstanding with this company.