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REGISTERED NUMBER: 07423851 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

KERNOW CONTROLS LTD

KERNOW CONTROLS LTD (REGISTERED NUMBER: 07423851)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KERNOW CONTROLS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: S D Dorling
S J England





SECRETARY:





REGISTERED OFFICE: Unit 3A, Tregoniggle Industrial Estate
Falmouth
Cornwall
TR11 4SN





REGISTERED NUMBER: 07423851 (England and Wales)





ACCOUNTANTS: Roger Byers & Co. Limited
Castle Buildings
23 Church Place
Neath
SA11 3LP

KERNOW CONTROLS LTD (REGISTERED NUMBER: 07423851)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 38,024 44,384
38,025 44,385

CURRENT ASSETS
Debtors 6 185,322 141,931
Cash at bank - 51,080
185,322 193,011
CREDITORS
Amounts falling due within one year 7 (71,231 ) (90,329 )
NET CURRENT ASSETS 114,091 102,682
TOTAL ASSETS LESS CURRENT
LIABILITIES

152,116

147,067

CREDITORS
Amounts falling due after more than one
year

8

(57,443

)

(73,502

)
NET ASSETS 94,673 73,565

CAPITAL AND RESERVES
Called up share capital 900 900
Share premium 16,667 16,667
Capital redemption reserve (35,400 ) (35,400 )
Retained earnings 112,506 91,398
94,673 73,565

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

KERNOW CONTROLS LTD (REGISTERED NUMBER: 07423851)

BALANCE SHEET - continued
31 OCTOBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2025 and were signed on its behalf by:





S D Dorling - Director


KERNOW CONTROLS LTD (REGISTERED NUMBER: 07423851)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Kernow Controls Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 7 ) .

KERNOW CONTROLS LTD (REGISTERED NUMBER: 07423851)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2023
and 31 October 2024 4,531
AMORTISATION
At 1 November 2023
and 31 October 2024 4,530
NET BOOK VALUE
At 31 October 2024 1
At 31 October 2023 1

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023 5,489 110,228 115,717
Additions - 4,323 4,323
At 31 October 2024 5,489 114,551 120,040
DEPRECIATION
At 1 November 2023 4,740 66,593 71,333
Charge for year 748 9,935 10,683
At 31 October 2024 5,488 76,528 82,016
NET BOOK VALUE
At 31 October 2024 1 38,023 38,024
At 31 October 2023 749 43,635 44,384

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 163,274 116,557
Other debtors 22,048 25,374
185,322 141,931

KERNOW CONTROLS LTD (REGISTERED NUMBER: 07423851)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,602 -
Trade creditors 1,709 43,911
Taxation and social security 65,171 43,449
Other creditors 2,749 2,969
71,231 90,329

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 57,443 73,502

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
S D Dorling
Balance outstanding at start of year - -
Amounts advanced 22,048 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,048 -

During the year, the company advanced an unsecured loan of £22,048 to S D Dorling, a director of the
company. The loan is interest free and is repayable on demand. The full amount of the loan was repaid within 9 months after the year end.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S D Dorling.