Company registration number 00098276 (England and Wales)
ARCHIBALD KENRICK & SONS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
ARCHIBALD KENRICK & SONS LIMITED
COMPANY INFORMATION
Director
Mr G L Brown
Secretary
Spire Group Limited
Company number
00098276
Registered office
Hall Street South
Union Street
West Bromwich
West Midlands
B70 6DB
Auditor
Edwards
34 High Street
Aldridge
Walsall
West Midlands
WS9 8LZ
Bankers
Barclays Bank plc
15 Colmore Row
Birmingham
B3 2EP
ARCHIBALD KENRICK & SONS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
ARCHIBALD KENRICK & SONS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
608,352
512,374
Current assets
Stocks
5
3,288,873
1,594,935
Debtors
6
1,227,359
1,587,231
Cash at bank and in hand
1,325,053
2,603,541
5,841,285
5,785,707
Creditors: amounts falling due within one year
7
(2,345,278)
(1,841,630)
Net current assets
3,496,007
3,944,077
Total assets less current liabilities
4,104,359
4,456,451
Provisions for liabilities
(122,000)
(106,500)
Net assets
3,982,359
4,349,951
Capital and reserves
Called up share capital
8
242,240
242,240
Profit and loss reserves
3,740,119
4,107,711
Total equity
3,982,359
4,349,951

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 6 October 2025 and are signed on its behalf by:
Mr G L Brown
Director
Company registration number 00098276 (England and Wales)
ARCHIBALD KENRICK & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Archibald Kenrick & Sons Limited is a private company limited by shares incorporated in England and Wales. The registered office is Hall Street South, Union Street, West Bromwich, West Midlands, B70 6DB.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover derives principally from the manufacture and sale of castors, hardware, zinc alloy and aluminium components. Turnover represents the fair value of consideration received or receivable for goods supplied to customers, after deducting value added taxes. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to the customer, the revenue and costs incurred in respect of the transaction can be measured reliably and collectability is assured.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings
10% straight line
Plant and machinery
20% - 33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are originally measured at the lower of cost and estimated selling price and are subsequently measured at the lower of cost and estimated selling price, less any impairments for slow moving and obsolete items. Cost comprises direct materials and any overheads that have been incurred in bringing the stocks to their present location and condition. Cost of stock is calculated on a first in, first out method.

1.6
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of twelve months or less.

ARCHIBALD KENRICK & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Short term trade debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost, less any impairment.

Basic financial liabilities

Short term trade creditors are measured at transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

ARCHIBALD KENRICK & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease.

1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

1.14

Research and development

Research and development expenditure is written off in the year in which it is incurred.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Stock

As stock is carried at the lower of cost and net realisable value this requires the estimation of the eventual sales price of goods to customers in the future. A high degree of judgement is applied when estimating the impact on the carrying value of stock of factors such as slow moving items, damage and obsolescence. The quantity, age and condition of inventories are regularly measured and assessed as part of inventory counts undertaken throughout the year.

ARCHIBALD KENRICK & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Employees

The average monthly number of persons (excluding directors) employed by the company during the year was:

2025
2024
Number
Number
Total
40
33
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2024
81,594
4,305,213
4,386,807
Additions
-
0
216,672
216,672
Disposals
-
0
(29,300)
(29,300)
Acquired by intercompany restructuring
-
0
1,057,546
1,057,546
At 31 March 2025
81,594
5,550,131
5,631,725
Depreciation and impairment
At 1 April 2024
11,559
3,862,874
3,874,433
Depreciation charged in the year
8,159
167,335
175,494
Eliminated in respect of disposals
-
0
(27,097)
(27,097)
Acquired by intercompany restructuring
-
0
1,000,543
1,000,543
At 31 March 2025
19,718
5,003,655
5,023,373
Carrying amount
At 31 March 2025
61,876
546,476
608,352
At 31 March 2024
70,035
442,339
512,374
5
Stocks
2025
2024
£
£
Stocks
3,288,873
1,594,935
ARCHIBALD KENRICK & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,110,343
1,161,852
Corporation tax recoverable
1,354
131,578
Amounts due from group undertakings
-
67,259
Amounts due from related parties
-
914
Prepayments and accrued income
115,662
225,628
1,227,359
1,587,231
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,282,915
629,746
Amounts owed to group undertakings
750,000
870,000
Amounts owed to related parties
10,145
2,066
Taxation and social security
251,305
298,369
Other creditors
20,368
13,197
Accruals and deferred income
30,545
28,252
2,345,278
1,841,630
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
242,240
242,240
242,240
242,240
ARCHIBALD KENRICK & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Robert Kempson ACA
Statutory Auditor:
Edwards
Date of audit report:
6 October 2025
10
Financial commitments, guarantees and contingent liabilities

Spire Homewares Limited is party to a cross guarantee securing overdraft facilities up to £1,200,000 for certain members of the Spire Manufacturing Group and Spire Group Limited of which £Nil was utilised as at 31 March 2025 (2024 - £Nil).

11
Related party transactions

The company has taken advantage of the exemption conferred within FRS102 section 33.1A not to disclose transactions between wholly owned members of the same group.

The company has several related parties by virtue of common control. During the year, the company was charged management charges of £147,361 (2024 - £137,479) by these companies. At 31 March 2025 included within creditors is an amount of £10,145 (2024 - £2,066) due by the company to related parties and included with debtors is an amount of £Nil (2024 - £914) due to the company by related parties.

12
Parent company

The company is a subsidiary undertaking of Spire Manufacturing Limited, a company incorporated in England and Wales, which is the ultimate parent undertaking and controlling party.

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