K.D. Enderby (Alford) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05577673 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

K.D. ENDERBY (ALFORD) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Director:

Mr K D Enderby

Secretary:

Mrs D E Enderby

Registered office:

23 Algitha Road

Skegness

Lincolnshire

PE25 2AG

Registered number:

05577673 (England and Wales)

Accountants:

Haines Watts

23 Algitha Road

Skegness

United Kingdom

PE25 2AG

Fixed assets

Tangible assets

4

94,526

99,494

Investment property

5

450,000

544,526

549,494

Current assets

Stocks

419,782

287,602

Debtors

6

1,633

4,136

Cash at bank

9,424

21,507

430,839

313,245

Creditors

Amounts falling due within one year

7

92,540

88,277

Net current assets

338,299

224,968

Total assets less current liabilities

882,825

774,462

Creditors

Amounts falling due after more than one year

8

(371,912

)

(259,381

)

Provisions for liabilities

(69,701

)

(53,917

)

Net assets

441,212

461,164

Capital and reserves

Called up share capital

11

100

Fair value reserve

12

184,130

Retained earnings

12

256,982

276,934

Shareholders' funds

441,212

461,164

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 6 October 2025 and were signed by:

Mr K D Enderby - Director

1.	Statutory information

K.D. Enderby (Alford) 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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stock is 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 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

Plant and

Motor

Office

property

machinery

vehicles

equipment

Totals

£

Cost

At 1 March 2024

43,043

69,344

28,361

1,373

142,121

Additions

-

5,820

-

5,820

At 28 February 2025

43,043

75,164

28,361

1,373

147,941

Depreciation

At 1 March 2024

-

28,187

13,297

1,143

42,627

Charge for year

-

6,987

3,766

35

10,788

At 28 February 2025

-

35,174

17,063

1,178

53,415

Net book value

At 28 February 2025

43,043

39,990

11,298

195

94,526

At 29 February 2024

43,043

41,157

15,064

230

99,494

5.	Investment property

Total

£

Fair value

At 1 March 2024

and 28 February 2025

450,000

Net book value

At 28 February 2025

450,000

At 29 February 2024

450,000

Fair value at 28 February 2025 is represented by:

£

Valuation in 2017

227,321

Cost

222,679

450,000

If the investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

Cost

222,679

Investment property was valued on a fair value basis on 28 February 2025 by the company director .

6.

Debtors: amounts falling due within one year

2025

2024

£

PAYE

-

1,629

VAT

1,633

2,507

1,633

4,136

7.

Creditors: amounts falling due within one year

2025

2024

£

Bank loans and overdrafts (see note 9)

6,000

Other loans (see note 9)

57,972

58,840

Hire purchase contracts

10,000

Trade creditors

15,854

12,265

Corporation tax

140

-

Social security and other taxes

1,351

-

Accruals and deferred income

1,223

1,172

92,540

88,277

8.

Creditors: amounts falling due after more than one year

2025

2024

£

Bank loans (see note 9)

23,340

44,158

Hire purchase contracts

4,167

14,167

Directors' loan accounts

344,405

201,056

371,912

259,381

9.

Loans

An analysis of the maturity of loans is given below:

2025

2024

£

Amounts falling due within one year or on demand:

Bank loans

6,000

Other loans

17,972

18,840

Loan

40,000

63,972

64,840

Amounts falling due between one and two years:

Bank loans - 1-2 years

23,340

24,055

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

20,103

10.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

Bank loans

36,811

52,498

These loans are secured against the investment property within the company.

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

£1

100

12.

Reserves

Retained

Fair value

earnings

reserve

Totals

£

At 1 March 2024

276,934

184,130

461,064

Deficit for the year

(19,452

)

(19,452

)

Dividends

(500

)

(500

)

At 28 February 2025

256,982

184,130

441,112

13.	Ultimate controlling party

The controlling party is Mr K D Enderby.