REGISTERED NUMBER: 04452475 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Kevin Bray Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K E Bray

REGISTERED OFFICE:

Kemlins Barn

Little Polwhele

Polwhele

TRURO

Cornwall

TR4 9AE

REGISTERED NUMBER:

04452475 (England and Wales)

ACCOUNTANTS:

Colin Truscott Accountancy Limited

9 Heron Close

Tresillian

Cornwall

TR2 4BH

FIXED ASSETS

Tangible assets

5

4,884

5,406

CURRENT ASSETS

Stocks

5,829

300

Debtors

6

13,781

16,384

Cash at bank

5,315

5,250

24,925

21,934

CREDITORS

Amounts falling due within one year

7

9,098

6,667

NET CURRENT ASSETS

15,827

15,267

TOTAL ASSETS LESS CURRENT LIABILITIES

20,711

20,673

PROVISIONS FOR LIABILITIES

928

1,027

NET ASSETS

19,783

19,646

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

19,683

19,546

SHAREHOLDERS' FUNDS

19,783

19,646

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 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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2025 and were signed by:

K E Bray - Director

1.	STATUTORY INFORMATION

Kevin Bray Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when the amount of revenue, stage of completion and costs incurred can be measured reliably.Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

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

-

20% on cost

Motor vehicles

-

25% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

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

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

Going concern

The Directors consider the use of the going concern basis of accounting is appropriate, because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

3,130

28,943

1,999

34,072

Additions

323

-

1,008

1,331

At 31 March 2025

3,453

28,943

3,007

35,403

DEPRECIATION

At 1 April 2024

2,694

24,573

1,399

28,666

Charge for year

233

1,093

527

1,853

At 31 March 2025

2,927

25,666

1,926

30,519

NET BOOK VALUE

At 31 March 2025

526

3,277

1,081

4,884

At 31 March 2024

436

4,370

600

5,406

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

946

2,472

Directors' current accounts

12,406

13,463

Prepayments

429

449

13,781

16,384

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

4,051

542

Tax

3,298

4,410

Accrued expenses

1,749

1,715

9,098

6,667

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the period, the company made a loan to the director of £12,406 (2024: £14,812). This was repaid in full shortly after the year end.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K E Bray.