REGISTERED NUMBER: 08116359 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Kridan Handling Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J D Wilkinson

Mrs A Wilkinson

Mr D J Wilkinson

REGISTERED OFFICE:

Rowan House

7 West Bank

SCARBOROUGH

North Yorkshire

YO12 4DX

REGISTERED NUMBER:

08116359 (England and Wales)

ACCOUNTANTS:

Asquith Accountants Ltd

Rowan House

7 West Bank

SCARBOROUGH

North Yorkshire

YO12 4DX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,903,675

1,638,327

1,903,675

1,638,327

CURRENT ASSETS

Stocks

271,036

256,736

Debtors

6

409,055

417,924

Cash at bank

204,427

244,798

884,518

919,458

CREDITORS

Amounts falling due within one year

7

524,557

631,054

NET CURRENT ASSETS

359,961

288,404

TOTAL ASSETS LESS CURRENT LIABILITIES

2,263,636

1,926,731

CREDITORS

Amounts falling due after more than one year

8

(535,832

)

(393,425

)

PROVISIONS FOR LIABILITIES

(248,449

)

(260,672

)

ACCRUALS AND DEFERRED INCOME

10

(71,625

)

(76,125

)

NET ASSETS

1,407,730

1,196,509

CAPITAL AND RESERVES

Called up share capital

150

150

Fair value reserve

11

43,700

41,261

Retained earnings

1,363,880

1,155,098

SHAREHOLDERS' FUNDS

1,407,730

1,196,509

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 20 August 2025 and were signed on its behalf by:

Mr J D Wilkinson - Director

Mrs A Wilkinson - Director

Mr D J Wilkinson - Director

1.	STATUTORY INFORMATION

Kridan Handling 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten 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.

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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost, 25% on reducing balance, 15% on reducing balance and 10% on reducing balance

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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Grants

Grants are credited to deferred income in the company's balance sheet. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets to which they relate.

The company has previously received a grant which relates to capital expenditure with a depreciation rate of 5% on cost per annum, effective from 1 December 2020. The grant will be released to the profit and loss account at the same rate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

19,878

AMORTISATION

At 1 January 2024

and 31 December 2024

19,878

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

650,000

1,507,525

2,157,525

Additions

-

569,228

569,228

Disposals

-

(273,580

)

(273,580

)

At 31 December 2024

650,000

1,803,173

2,453,173

DEPRECIATION

At 1 January 2024

-

519,198

519,198

Charge for year

-

156,901

156,901

Eliminated on disposal

-

(126,601

)

(126,601

)

At 31 December 2024

-

549,498

549,498

NET BOOK VALUE

At 31 December 2024

650,000

1,253,675

1,903,675

At 31 December 2023

650,000

988,327

1,638,327

Cost or valuation at 31 December 2024 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2024

53,950

-

53,950

Cost

596,050

1,803,173

2,399,223

650,000

1,803,173

2,453,173

Freehold land and buildings owned by the company were valued on an open market basis on 28th September 2022 by Cundalls Estate Agents. In the opinion of the directors this valuation is still accurate at 31st December 2024.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST OR VALUATION

At 1 January 2024

322,349

Additions

329,974

Disposals

(37,374

)

Transfer to ownership

(43,763

)

At 31 December 2024

571,186

DEPRECIATION

At 1 January 2024

82,014

Charge for year

46,691

Eliminated on disposal

(17,454

)

Transfer to ownership

(25,486

)

At 31 December 2024

85,765

NET BOOK VALUE

At 31 December 2024

485,421

At 31 December 2023

240,335

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

363,827

403,266

Other debtors

45,228

14,658

409,055

417,924

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

21,723

32,150

Hire purchase contracts

86,074

65,911

Trade creditors

191,255

187,173

Taxation and social security

50,450

94,372

Other creditors

175,055

251,448

524,557

631,054

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

296,516

285,911

Hire purchase contracts

239,316

107,514

535,832

393,425

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

247,914

153,144

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

317,626

318,061

Hire purchase contracts

325,390

173,425

643,016

491,486

The bank loan is secured by way of fixed and floating charges. Hire purchase debts are secured on the assets to which they relate.

10.	ACCRUALS AND DEFERRED INCOME

31.12.24

31.12.23

£

£

Accruals and deferred income

71,625

76,125

Grants are credited to deferred income in the company's balance sheet. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets to which they relate.

11.

RESERVES

Fair

value

reserve

£

At 1 January 2024

41,261

Fair value reserve

2,439

At 31 December 2024

43,700