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REGISTERED NUMBER: 05274984 (England and Wales)















Kevin Cahill Limited

Unaudited Financial Statements

for the Year Ended 31 August 2024






Kevin Cahill Limited (Registered number: 05274984)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Kevin Cahill Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: K B Cahill
B P Cahill





SECRETARY: B P Cahill





REGISTERED OFFICE: Suite 2d, Building 1
Eastern Business Park
St Mellons
Cardiff
CF3 5EA





REGISTERED NUMBER: 05274984 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales & West Limited
Accountants & Business Advisors
Suite 2d,
Building 1 Eastern Business Park
St Mellons
Cardiff
CF3 5EA

Kevin Cahill Limited (Registered number: 05274984)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 755,440 589,819

CURRENT ASSETS
Debtors 5 568,159 355,794
Cash at bank 655,310 354,559
1,223,469 710,353
CREDITORS
Amounts falling due within one year 6 878,986 392,424
NET CURRENT ASSETS 344,483 317,929
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,099,923

907,748

CREDITORS
Amounts falling due after more than one year 7 (1,063 ) (26,352 )

PROVISIONS FOR LIABILITIES (188,589 ) (112,066 )
NET ASSETS 910,271 769,330

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 910,071 769,130
SHAREHOLDERS' FUNDS 910,271 769,330

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 29 August 2025 and were signed on its behalf by:





K B Cahill - Director


Kevin Cahill Limited (Registered number: 05274984)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Kevin Cahill Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 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 the work performed to date to the total estimated contract costs

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Kevin Cahill Limited (Registered number: 05274984)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Fixed asset investments
Investments held as fixed assets are stated at cost less any provisions for impairment. Investments are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairments are calculated such that the carrying value of the fixed asset investment is the lower of its cost or recoverable amount. Recoverable amount is the higher of its net realisable value and its value in use.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 494,655 1,967 645,385 5,455 1,147,462
Additions 10,499 - 256,000 1,057 267,556
At 31 August 2024 505,154 1,967 901,385 6,512 1,415,018
DEPRECIATION
At 1 September 2023 140,332 1,805 411,704 3,802 557,643
Charge for year 54,335 24 46,735 841 101,935
At 31 August 2024 194,667 1,829 458,439 4,643 659,578
NET BOOK VALUE
At 31 August 2024 310,487 138 442,946 1,869 755,440
At 31 August 2023 354,323 162 233,681 1,653 589,819

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2023 83,500 194,000 277,500
Transfer to ownership - (97,000 ) (97,000 )
At 31 August 2024 83,500 97,000 180,500
DEPRECIATION
At 1 September 2023 12,525 64,666 77,191
Charge for year 10,646 25,866 36,512
Transfer to ownership - (51,473 ) (51,473 )
At 31 August 2024 23,171 39,059 62,230
NET BOOK VALUE
At 31 August 2024 60,329 57,941 118,270
At 31 August 2023 70,975 129,334 200,309

Kevin Cahill Limited (Registered number: 05274984)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 461,161 216,605
Other debtors 106,998 139,189
568,159 355,794

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 25,238 37,361
Trade creditors 190,635 76,197
Taxation and social security 224,816 154,498
Other creditors 438,297 124,368
878,986 392,424

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 1,063 26,352

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Hire purchase contracts 26,301 63,713

The hire purchase liabilities are secured on the assets to which they relate.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
K B Cahill and B P Cahill
Balance outstanding at start of year 125,728 103,107
Amounts advanced 152,016 162,828
Amounts repaid (170,747 ) (140,207 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 106,997 125,728

Interest is charged on this loan to the director at the HMRC official rates of interest that applied during the period of 2.5%.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mrs B P Cahill and Mr K B Cahill by virtue of their equal shareholdings in the company.