Registered number
02337714
Kestronics Limited
Unaudited Filleted Accounts
30 April 2024
Kestronics Limited
Registered number: 02337714
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - -
Tangible assets 4 47,815 40,662
Investments 5 112,697 112,697
160,512 153,359
Current assets
Stocks 331,361 367,186
Debtors 6 630,605 581,299
Cash at bank and in hand 160,841 301,200
1,122,807 1,249,685
Creditors: amounts falling due within one year 7 (1,071,293) (510,850)
Net current assets 51,514 738,835
Total assets less current liabilities 212,026 892,194
Creditors: amounts falling due after more than one year 8 (249,155) (358,954)
Net (liabilities)/assets (37,129) 533,240
Capital and reserves
Called up share capital 152,778 152,778
Share premium 225,000 225,000
Profit and loss account (414,907) 155,462
Shareholders' funds (37,129) 533,240
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 M Shirran
Director
Approved by the board on 4 April 2025
Kestronics Limited
Notes to the Accounts
for the year ended 30 April 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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 18 18
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 462,218
At 30 April 2024 462,218
Amortisation
At 1 May 2023 462,218
At 30 April 2024 462,218
Net book value
At 30 April 2024 -
At 30 April 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Fixtures, fittings and equipment Total
£
Cost
At 1 May 2023 135,023 135,023
Additions 18,553 18,553
At 30 April 2024 153,576 153,576
Depreciation
At 1 May 2023 94,361 94,361
Charge for the year 11,400 11,400
At 30 April 2024 105,761 105,761
Net book value
At 30 April 2024 47,815 47,815
At 30 April 2023 40,662 40,662
5 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 May 2023 412,697
Revaluation (300,000)
At 30 April 2024 112,697
6 Debtors 2024 2023
£ £
Trade debtors 356,183 350,981
Amounts owed by group undertakings and undertakings in which the company has a participating interest 149,485 130,330
Other debtors 124,937 99,988
630,605 581,299
7 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 29,857 11,979
Trade creditors 569,452 191,831
Amounts owed to group undertakings and undertakings in which the company has a participating interest 27,515 27,515
Corporation tax - 18,846
Other taxes and social security costs 99,871 133,540
Other creditors 344,598 127,139
1,071,293 510,850
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 249,155 358,954
9 Other information
Kestronics Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 26 North Orbital Commercial Park
Napsbury Lane
St. Albans
Hertfordshire
AL1 1XB
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