Kevin Townsend Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04714706

Kevin Townsend Limited

Unaudited financial statements

For the year ended

30 April 2025

Kevin Townsend Limited

Statement of financial position

30 April 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6		88,949		81,695

Current assets

Stocks		5,000	5,000
Debtors	7	520,454	152,293
Cash at bank and in hand		265,304	76,847
		---------	---------
		790,758	234,140

Creditors: Amounts falling due within one year	8	( 289,448)		( 142,889)
		---------		---------
Net current assets			501,310		91,251
			---------		---------
Total assets less current liabilities			590,259		172,946

Creditors: Amounts falling due after more than one year	9		( 6,244)		( 41,746)

Provisions

Taxation including deferred tax	( 22,237)	( 20,424)
	---------	---------
Net assets	561,778	110,776
	---------	---------

Capital and reserves

Called up share capital	2,000	2,000
Profit and loss account	559,778	108,776
	---------	---------
Shareholders funds	561,778	110,776
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Kevin Townsend Limited

Statement of financial position (continued)

30 April 2025

These financial statements were approved by the board of directors and authorised for issue on 10 December 2025 , and are signed on behalf of the board by:

S Townsend

Director

Company registration number: 04714706

Kevin Townsend Limited

Notes to the financial statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Broadway Drive, Norwich Road, Halesworth, IP19 8QR. The trading address is Broadway Drive, Norwich Road, Halesworth, IP19 8QR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	25% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% straight line
Motor vehicles	-	20% straight line on cost less residual value

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Employee numbers

The average number of employees during the year was 14 (2024: 15 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 May 2024 and 30 April 2025	40,000
	-------
Amortisation
At 1 May 2024 and 30 April 2025	40,000
	-------
Carrying amount
At 30 April 2025	–
	-------
At 30 April 2024	–
	-------

6. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 May 2024	19,230	162,809	182,039
Additions	7,196	12,932	20,128
	-------	---------	---------
At 30 April 2025	26,426	175,741	202,167
	-------	---------	---------
Depreciation
At 1 May 2024	18,201	82,143	100,344
Charge for the year	1,011	11,863	12,874
	-------	---------	---------
At 30 April 2025	19,212	94,006	113,218
	-------	---------	---------
Carrying amount
At 30 April 2025	7,214	81,735	88,949
	-------	---------	---------
At 30 April 2024	1,029	80,666	81,695
	-------	---------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	391,281	80,163
Other debtors	129,173	72,130
	---------	---------
	520,454	152,293
	---------	---------

8. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,833	9,750
Trade creditors	36,902	44,383
Social security and other taxes	214,458	76,067
Other creditors	27,255	12,689
	---------	---------
	289,448	142,889
	---------	---------

9. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	12,578
Other creditors	6,244	29,168
	------	-------
	6,244	41,746
	------	-------

10. Directors' advances, credits and guarantees

Included in debtors at 30 April 2025 are overdrawn directors loan accounts of £ 98,102 (2024: £ 47,955 ). The maximum overdrawn balance during the year was £98,102. Interest of £1,625 (2024: £917) was charged at the official rate.