REGISTERED NUMBER: 04549953 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

M.H. KENNEDY AND SON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S J Kennedy

Mr M H Kennedy

Mrs S M Kennedy

SECRETARY:

Mrs S M Kennedy

REGISTERED OFFICE:

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

REGISTERED NUMBER:

04549953 (England and Wales)

ACCOUNTANTS:

Lewis Brownlee (Chichester) Limited

Chartered Accountants

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

FIXED ASSETS

Tangible assets

4

75,228

86,126

CURRENT ASSETS

Stocks

14,831

7,627

Debtors

5

17,376

13,212

Cash at bank and in hand

961

5,272

33,168

26,111

CREDITORS

Amounts falling due within one year

6

67,384

53,562

NET CURRENT LIABILITIES

(34,216

)

(27,451

)

TOTAL ASSETS LESS CURRENT LIABILITIES

41,012

58,675

CREDITORS

Amounts falling due after more than one year

7

(10,406

)

(28,972

)

PROVISIONS FOR LIABILITIES

9

(14,293

)

(16,465

)

NET ASSETS

16,313

13,238

CAPITAL AND RESERVES

Called up share capital

250

250

Retained earnings

16,063

12,988

SHAREHOLDERS' FUNDS

16,313

13,238

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

Mr S J Kennedy - Director

1.	STATUTORY INFORMATION

M.H. Kennedy and 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.

The presentational currency of the financial statements is in Pound Sterling (£) which is rounded to the nearest pound (£).

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.

Turnover represents income from agricultural and horticultural services provided which are recognised when the services have been provided.

Tangible fixed assets

Tangible fixed asset are initially measured at cost and subsequently measured at cost less accumulated depreciation and impairment. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter:

Plant and machinery

-

at varying rates on cost and reducing balance

Motor vehicles

-

at varying rates on cost

Computer equipment

-

25% on reducing balance

Stocks

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

Financial instruments

Financial instruments are classified by the director as basic or advanced following the conditions in FRS 102 section 11. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

288,848

Additions

6,950

Disposals

(15,146

)

At 31 March 2025

280,652

DEPRECIATION

At 1 April 2024

202,722

Charge for year

17,735

Eliminated on disposal

(15,033

)

At 31 March 2025

205,424

NET BOOK VALUE

At 31 March 2025

75,228

At 31 March 2024

86,126

The net book value of tangible fixed assets includes £ 47,726 (2024 - £ 67,401 ) in respect of assets held under hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

15,044

12,257

Other debtors

2,332

955

17,376

13,212

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

30,406

7,000

Hire purchase contracts

15,476

14,898

Trade creditors

5,963

10,795

Taxation and social security

10,615

12,729

Other creditors

4,924

8,140

67,384

53,562

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,750

8,750

Hire purchase contracts

8,656

20,222

10,406

28,972

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

23,406

-

Hire purchase contracts

24,132

35,120

47,538

35,120

The hire purchase contracts are secured against the assets purchased using that finance.

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

14,293

16,465

Deferred tax

£

Balance at 1 April 2024

16,465

Accelerated capital allowances

(2,172

)

Balance at 31 March 2025

14,293

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company made advances of £565 (2024: £Nil) to the directors. At the reporting date, the directors owed the company £565. There are no fixed terms of repayment and no interest has been charged on the balance.