REGISTERED NUMBER: 02384432 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

B. Kemp & Son Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G P Kemp

A Kemp

SECRETARY:

A Kemp

REGISTERED OFFICE:

Kemlyn

Hicks Mill

Bissoe

Truro

Cornwall

TR4 8RD

REGISTERED NUMBER:

02384432 (England and Wales)

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

159,070

180,905

159,071

180,906

CURRENT ASSETS

Stocks

2,050

1,800

Debtors

50,972

21,779

Cash at bank

-

1,994

53,022

25,573

CREDITORS

Amounts falling due within one year

61,257

44,262

NET CURRENT LIABILITIES

(8,235

)

(18,689

)

TOTAL ASSETS LESS CURRENT LIABILITIES

150,836

162,217

CREDITORS

Amounts falling due after more than one year

(12,222

)

(5,416

)

PROVISIONS FOR LIABILITIES

(23,351

)

(27,009

)

NET ASSETS

115,263

129,792

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

115,163

129,692

SHAREHOLDERS' FUNDS

115,263

129,792

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 10 December 2025 and were signed on its behalf by:

G P Kemp - Director

1.	STATUTORY INFORMATION

B. Kemp & Son 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.

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's accounts.

Turnover

Turnover represents net amounts invoiced by the company in respect of goods and services sold during the year, excluding value added tax.

Goodwill

Goodwill arises where the purchase consideration exceeds the value of the underlying net tangible assets. Goodwill was amortised over its estimated useful economic life of ten years from the date of acquisition.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Freehold property

2% on cost

Motor vehicles

20% on reducing balance basis

Plant and machinery

20% on reducing balance basis

No depreciation is provided on freehold land.

Stocks and work in progress

Stocks are valued at the lower of cost and net realisable value. For work in progress, cost is taken as production cost, which includes an appropriate proportion of attributable overheads.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2024

and 31 May 2025

27,240

AMORTISATION

At 1 June 2024

and 31 May 2025

27,239

NET BOOK VALUE

At 31 May 2025

1

At 31 May 2024

1

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2024

399,710

Additions

27,204

Disposals

(64,832

)

At 31 May 2025

362,082

DEPRECIATION

At 1 June 2024

218,805

Charge for year

31,989

Eliminated on disposal

(47,782

)

At 31 May 2025

203,012

NET BOOK VALUE

At 31 May 2025

159,070

At 31 May 2024

180,905

Included in cost of land and buildings is freehold land of £ 4,728 (2024 - £ 4,728 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 June 2024

141,997

Additions

26,332

Transfer to ownership

(121,165

)

At 31 May 2025

47,164

DEPRECIATION

At 1 June 2024

71,536

Charge for year

8,600

Transfer to ownership

(67,369

)

At 31 May 2025

12,767

NET BOOK VALUE

At 31 May 2025

34,397

At 31 May 2024

70,461

6.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

23,779

-

Hire purchase contracts

20,833

29,027

44,612

29,027