Kennadys Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05070096 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

KENNADYS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Eastwood

H Eastwood

E J Tait

SECRETARY:

H Eastwood

REGISTERED OFFICE:

Five Ways

57/59 Hatfield Road

Potters Bar

Hertfordshire

EN6 1HS

REGISTERED NUMBER:

05070096 (England and Wales)

ACCOUNTANTS:

SRG Newmans Limited

Five Ways

57-59 Hatfield Road

Potters Bar

Hertfordshire

EN6 1HS

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

10,229

15,854

10,229

15,854

CURRENT ASSETS

Stocks

23,463

31,196

Debtors

6

11,365

10,993

Cash at bank

73,426

126,835

108,254

169,024

CREDITORS

Amounts falling due within one year

7

114,053

130,478

NET CURRENT (LIABILITIES)/ASSETS

(5,799

)

38,546

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,430

54,400

CREDITORS

Amounts falling due after more than one
year

8

2,838

13,040

NET ASSETS

1,592

41,360

CAPITAL AND RESERVES

Called up share capital

8

Retained earnings

1,584

41,352

SHAREHOLDERS' FUNDS

1,592

41,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 30 July 2025 and were signed on its behalf by:

H Eastwood - Director

1.	STATUTORY INFORMATION

Kennadys 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

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.

Website development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on reducing balance and 25% on cost

Computer equipment

-

25% on reducing balance and 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 32 (2024 - 33 ) .

4.	INTANGIBLE FIXED ASSETS

Website

development

Goodwill

costs

Totals

£

COST

At 1 April 2024

and 31 March 2025

377,916

2,150

380,066

AMORTISATION

At 1 April 2024

and 31 March 2025

377,916

2,150

380,066

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1 April 2024

3,500

256,506

30,244

290,250

Additions

-

2,828

At 31 March 2025

3,500

256,506

33,072

293,078

DEPRECIATION

At 1 April 2024

3,500

246,865

24,031

274,396

Charge for year

-

5,382

3,071

8,453

At 31 March 2025

3,500

252,247

27,102

282,849

NET BOOK VALUE

At 31 March 2025

-

4,259

5,970

10,229

At 31 March 2024

-

9,641

6,213

15,854

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

11,365

10,993

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

9,398

Trade creditors

33,606

38,738

Taxation and social security

61,672

77,255

Other creditors

9,377

5,087

114,053

130,478

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2025

2024

£

Bank loans

2,838

13,040

9.	OTHER FINANCIAL COMMITMENTS

A debenture was created on 29th April 2004 by HSBC Bank PLC securing a charge over the company.

10.	RELATED PARTY DISCLOSURES

During the year, rent of £936 (2024: £936) was paid to the Directors for use of home as office.

As at 31st March 2025 the directors Mr K and Mrs H Eastwood were owed £5,881 (2024: £4,599).

As at 31st March 2025 the director Mrs E Tait was owed to £33 (2024: £2,267).