Registration number:
The Kennels Ltd
for the Year Ended 30 October 2024
The Kennels Ltd
(Registration number: 12980262)
Balance Sheet as at 30 October 2024
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Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
( |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
( |
( |
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Shareholders' deficit |
( |
( |
For the financial year ending 30 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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• |
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• |
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 delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.
.........................................
Mr D R Cartwright
Director
The Kennels Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 October 2024
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Accounting policies |
Statutory information
The Kennels Ltd is a private company, limited by shares, domiciled in England and Wales, company number 12980262. The registered office is at 27 Amanda Road, Harworth, Doncaster, DN11 8HP.
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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.
Going concern
The financial statements have been prepared on a going concern basis.
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.
Tax
The tax expense for the period comprises current tax. Tax is recognised in statement of income and retained earnings, 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.
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.
The Kennels Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 October 2024 (continued)
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1 |
Accounting policies (continued) |
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:
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Asset class |
Depreciation method and rate |
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Motor Vehicles |
25% Reducing Balance |
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Fixtures and fittings |
25% Straight Line |
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
The Kennels Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 October 2024 (continued)
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Tangible assets |
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Fixtures and fittings |
Motor vehicles |
Total |
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Cost |
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At 31 October 2023 |
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At 30 October 2024 |
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Depreciation |
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At 31 October 2023 |
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Charge for the year |
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At 30 October 2024 |
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Carrying amount |
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At 30 October 2024 |
- |
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At 30 October 2023 |
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Creditors |
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2024 |
2023 |
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Due within one year |
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|
HP and finance lease liabilities |
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1,617 |
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Trade Creditors |
|
894 |
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Accruals and deferred income |
|
954 |
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Other creditors |
8,050 |
7,050 |
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Directors current account |
13,993 |
14,037 |
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|
24,885 |
24,552 |
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2024 |
2023 |
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Due after one year |
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HP and finance lease liabilities |
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5,928 |