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Registration number: 00817509

Kendal Joinery Co. Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

Kendal Joinery Co. Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Kendal Joinery Co. Limited

Company Information

Director

PG Russell

Registered office

Dockray Hall
Kendal
Cumbria
LA9 4RY

Accountants

Stables Thompson & Briscoe Limited
Chartered Accountants & Business AdvisersLowther House
Lowther Street
Kendal
Cumbria
LA9 4DX

 

Kendal Joinery Co. Limited

(Registration number: 00817509)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

63,843

66,313

Investment property

5

820,000

820,000

 

883,843

886,313

Current assets

 

Debtors

6

26,215

19,088

Cash at bank and in hand

 

95,255

108,129

 

121,470

127,217

Creditors: Amounts falling due within one year

7

(16,507)

(26,747)

Net current assets

 

104,963

100,470

Total assets less current liabilities

 

988,806

986,783

Provisions for liabilities

(106,867)

(109,943)

Net assets

 

881,939

876,840

Capital and reserves

 

Called up share capital

8

19,248

19,248

Revaluation reserve

456,721

456,721

Retained earnings

405,970

400,871

Shareholders' funds

 

881,939

876,840

For the financial year ending 31 January 2025 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 May 2025
 

.........................................
PG Russell
Director

 

Kendal Joinery Co. Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Dockray Hall
Kendal
Cumbria
LA9 4RY

The principal place of business is:
Dockray Hall
Kendal
Cumbria
LA9 4RY

These financial statements were authorised for issue by the director on 12 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Kendal Joinery Co. Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

Held at valuation, no depreciation

Plant and machinery

20% straight line

Motor vehicles

5 - 25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Kendal Joinery Co. Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 3).

 

Kendal Joinery Co. Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2024

1,993

4,016

72,823

78,832

Disposals

(1,993)

-

-

(1,993)

At 31 January 2025

-

4,016

72,823

76,839

Depreciation

At 1 February 2024

1,993

3,125

7,401

12,519

Charge for the year

-

331

2,139

2,470

Eliminated on disposal

(1,993)

-

-

(1,993)

At 31 January 2025

-

3,456

9,540

12,996

Carrying amount

At 31 January 2025

-

560

63,283

63,843

At 31 January 2024

-

891

65,422

66,313

Included within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of short leasehold land and buildings.
 

5

Investment properties

2025
£

At 1 February

820,000

At 31 January

820,000

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current

2025
£

2024
£

Trade debtors

8,573

2,081

Prepayments

17,642

16,985

Other debtors

-

22

 

26,215

19,088

 

Kendal Joinery Co. Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

193

10,171

Taxation and social security

12,327

12,717

Accruals and deferred income

3,555

3,427

Other creditors

432

432

16,507

26,747

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Deferred Ordinary shares of £1 each

200

200

200

200

Preferred Ordinary shares of £1 each

19,048

19,048

19,048

19,048

19,248

19,248

19,248

19,248

9

Dividends

Interim dividends paid

2025
£

2024
£

Interim dividend of £1.05 per each Deferred Ordinary shares

210

210

Interim dividend of £1.05 per each Preferred Ordinary shares

20,000

20,000

20,210

20,210

10

Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

 

Kendal Joinery Co. Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

2025
£

2024
£

Remuneration

22,500

22,000

Contributions paid to money purchase schemes

488

473

22,988

22,473