A.C. Kendrick & Son (Corn) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00284200 (England and Wales)

A.C. KENDRICK & SON (CORN) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

4

DIRECTORS:

Mr. A.F. Kendrick

Mrs. D.W. Compton

SECRETARY:

Mr. A.F. Kendrick

REGISTERED OFFICE:

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

REGISTERED NUMBER:

00284200 (England and Wales)

ACCOUNTANTS:

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

BANKERS:

Barclays Bank plc

47 High Street

Dudley

West Midlands

DY1 1TP

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A.C. Kendrick & Son (Corn) Limited for the year ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of A.C. Kendrick & Son (Corn) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A.C. Kendrick & Son (Corn) Limited and state those matters that we have agreed to state to the Board of Directors of A.C. Kendrick & Son (Corn) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A.C. Kendrick & Son (Corn) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A.C. Kendrick & Son (Corn) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A.C. Kendrick & Son (Corn) Limited. You consider that A.C. Kendrick & Son (Corn) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A.C. Kendrick & Son (Corn) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

17 September 2025

FIXED ASSETS

Tangible assets

4

2,626

CURRENT ASSETS

Debtors

5

45,899

40,017

Cash at bank

670

1,172

46,569

41,189

CREDITORS

Amounts falling due within one year

6

18,152

14,251

NET CURRENT ASSETS

28,417

26,938

TOTAL ASSETS LESS CURRENT
LIABILITIES

31,043

29,564

CAPITAL AND RESERVES

Called up share capital

2,000

Retained earnings

29,043

27,564

SHAREHOLDERS' FUNDS

31,043

29,564

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 17 September 2025 and were signed on its behalf by:

Mr. A.F. Kendrick - Director

1.	STATUTORY INFORMATION

A.C. Kendrick & Son (Corn) 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 represents net sales of goods/services, excluding value added tax

Tangible fixed assets

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

Freehold property

-

not depreciated

Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the applicable accounting standard SSAP19, Accounting for investment properties, it is a departure from the general requirement of the Companies Act 1985 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 April 2024

and 31 March 2025

2,626

NET BOOK VALUE

At 31 March 2025

2,626

At 31 March 2024

2,626

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

1,543

762

Other debtors

44,356

39,255

45,899

40,017

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Taxation and social security

581

946

Other creditors

17,571

13,305

18,152

14,251

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

Mr. A.F. Kendrick

Balance outstanding at start of year

19,621

18,890

Amounts advanced

6,900

6,600

Amounts repaid

(4,725

)

(5,869

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

21,796

19,621

Mrs. D.W. Compton

Balance outstanding at start of year

19,634

17,521

Amounts advanced

7,650

6,350

Amounts repaid

(4,725

)

(4,237

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

22,559

19,634

The overdrawn loan accounts have been repaid within 9 months of the year end.

8.

CONTROL

The ultimate control of the company is exercised by two of the company's directors, Mr A.F. Kendrick and Mrs D.W. Compton, by virtue of them each holding 50% of the company's issued ordinary share capital. Neither of the directors, therefore, is able to exercise overall control.

9.	COMPANY INFORMATION

The company is a private limited company incorporated in England and Wales.