Registered number
02337714
Kestronics Limited
Unaudited Filleted Accounts
30 April 2025
Kestronics Limited
Registered number: 02337714
Balance Sheet
as at 30 April 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 4 29,956 47,815
Investments 5 112,697 112,697
142,653 160,512
Current assets
Stocks 300,815 331,361
Debtors 6 841,988 630,605
Cash at bank and in hand 433,152 160,841
1,575,955 1,122,807
Creditors: amounts falling due within one year 7 (1,407,149) (1,071,293)
Net current assets 168,806 51,514
Total assets less current liabilities 311,459 212,026
Creditors: amounts falling due after more than one year 8 (244,936) (249,155)
Net assets/(liabilities) 66,523 (37,129)
Capital and reserves
Called up share capital 152,778 152,778
Share premium 225,000 225,000
Profit and loss account (311,255) (414,907)
Shareholders' funds 66,523 (37,129)
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 28 May 2025
Kestronics Limited
Notes to the Accounts
for the year ended 30 April 2025
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 2025 2024
Number Number
Average number of persons employed by the company 9 18
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2024 462,218
At 30 April 2025 462,218
Amortisation
At 1 May 2024 462,218
At 30 April 2025 462,218
Net book value
At 30 April 2025 -
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 2024 153,576 153,576
Disposals (6,459) (6,459)
At 30 April 2025 147,117 147,117
Depreciation
At 1 May 2024 105,761 105,761
Charge for the year 11,400 11,400
At 30 April 2025 117,161 117,161
Net book value
At 30 April 2025 29,956 29,956
At 30 April 2024 47,815 47,815
5 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 May 2024 412,697
Revaluation (300,000)
At 30 April 2025 112,697
6 Debtors 2025 2024
£ £
Trade debtors 657,770 356,183
Amounts owed by group undertakings and undertakings in which the company has a participating interest 168,629 149,485
Other debtors 15,589 124,937
841,988 630,605
7 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts - 29,857
Trade creditors 660,674 569,452
Amounts owed to group undertakings and undertakings in which the company has a participating interest 27,515 27,515
Other taxes and social security costs 189,920 99,871
Other creditors 529,040 344,598
1,407,149 1,071,293
8 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 244,936 249,155
9 Other information
Kestronics Limited is a private company limited by shares and incorporated in England. Its registered office is:
Room 72, Brookmans Park Teleport
Great North Road
Hatfield
Hertfordshire
AL9 6NE
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