REGISTERED NUMBER: 14846815 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Kenward & Co Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss E J Bell

H J M Kenward

REGISTERED OFFICE:

Riversdale

Knightstone

Ottery St. Mary

EX11 1PP

REGISTERED NUMBER:

14846815 (England and Wales)

ACCOUNTANTS:

Baines & Co

46 Rolle Street

Exmouth

Devon

EX8 2SQ

BANKERS:

Revolt

7 Westferry Circus

Canary Wharf

London

E14 4HD

FIXED ASSETS

Tangible assets

4

619,934

566,655

CURRENT ASSETS

Stocks

3,300

2,100

Debtors

5

3,837

24,552

Cash at bank and in hand

44,387

26,708

51,524

53,360

CREDITORS

Amounts falling due within one year

6

31,426

22,589

NET CURRENT ASSETS

20,098

30,771

TOTAL ASSETS LESS CURRENT LIABILITIES

640,032

597,426

CREDITORS

Amounts falling due after more than one year

7

640,092

598,493

NET LIABILITIES

(60

)

(1,067

)

CAPITAL AND RESERVES

Called up share capital

(100

)

(100

)

Retained earnings

40

(967

)

(60

)

(1,067

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 19 September 2025 and were signed on its behalf by:

Miss E J Bell - Director

H J M Kenward - Director

1.	STATUTORY INFORMATION

Kenward & Co 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 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 etc

-

10% on cost

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 June 2024

530,250

37,721

567,971

Additions

-

61,309

61,309

At 31 May 2025

530,250

99,030

629,280

DEPRECIATION

At 1 June 2024

-

1,316

1,316

Charge for year

-

8,030

8,030

At 31 May 2025

-

9,346

9,346

NET BOOK VALUE

At 31 May 2025

530,250

89,684

619,934

At 31 May 2024

530,250

36,405

566,655

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Other debtors

3,837

24,552

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Hire purchase contracts

4,810

4,810

Trade creditors

10,283

12,132

Taxation and social security

11,518

2,806

Other creditors

4,815

2,841

31,426

22,589

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Hire purchase contracts

8,017

12,828

Other creditors

632,075

585,665

640,092

598,493

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £70,000 were paid to the directors .