Alistair Kinsey Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 7

Alistair Kinsey Limited

(Registration number: 07593271)
Statement of Financial Position as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	160,784	166,012
Current assets
Stocks	5	15,101	16,201
Debtors	6	12,461	12,995
Cash at bank and in hand		49,325	28,616
		76,887	57,812
Creditors: Amounts falling due within one year	7	(31,709)	(30,098)
Net current assets		45,178	27,714
Total assets less current liabilities		205,962	193,726
Creditors: Amounts falling due after more than one year	7	(58,104)	(79,863)
Provisions for liabilities		(2,578)	(2,952)
Net assets		145,280	110,911
Capital and reserves
Called up share capital		1	1
Profit and loss account		145,279	110,910
Shareholders' funds		145,280	110,911

For the financial 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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 10 December 2025
 

A D Kinsey Director

Alistair Kinsey Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
1A Pym Street
Tavistock
Devon
PL19 0AW

Principal activity

The principal activity of the company is the retail of hearing and mobility devices.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Alistair Kinsey Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

2	Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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:

Asset class	Depreciation method and rate
Fittings fixtures and equipment	15% reducing balance
Motor vehicles	25% reducing balance

Alistair Kinsey Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

2	Accounting policies (continued)

Computer equipment	25% reducing balance
Freehold property	2% straight line

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

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Alistair Kinsey Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

2	Accounting policies (continued)

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2024 - 5).

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 May 2024	175,237	24,790	11,266	5,500	216,793
Additions	-	-	999	-	999
Disposals	-	(1,263)	-	-	(1,263)
At 30 April 2025	175,237	23,527	12,265	5,500	216,529
Depreciation
At 1 May 2024	21,030	17,628	6,734	5,389	50,781
Charge for the year	3,505	1,032	1,385	33	5,955
Eliminated on disposal	-	(991)	-	-	(991)
At 30 April 2025	24,535	17,669	8,119	5,422	55,745
Carrying amount
At 30 April 2025	150,702	5,858	4,146	78	160,784
At 30 April 2024	154,207	7,162	4,532	111	166,012

Included within the net book value of land and buildings above is £150,702 (2024 - £154,207) in respect of freehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Finished goods and goods for resale	15,101	16,201

Alistair Kinsey Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

6

Debtors

	Note	2025 £	2024 £
Amounts owed by related parties	10	4,749	-
Other debtors		6,281	12,284
Prepayments		1,431	711
		12,461	12,995

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Loans and borrowings	9	6,613	6,468
Taxation and social security		22,665	16,485
Accruals and deferred income		2,431	2,145
Other creditors		-	5,000
		31,709	30,098

The bank loans are secured by way of fixed and floating charge over the company property.

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Loans and borrowings	9	58,104	79,863

The bank loans are secured by way of fixed and floating charge over the company property.

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

Alistair Kinsey Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	58,104	64,863
Other borrowings	-	15,000
	58,104	79,863

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	6,613	6,468

10	Related party transactions

Transactions with the director

During the year the director entered into the following advances and credits with the company:
 

2025	At 1 May 2024 £	Advances to director £	Repayments by director £	At 30 April 2025 £
Director	2,229	31,342	(33,571)	-

2024	At 1 May 2023 £	Advances to director £	Repayments by director £	At 30 April 2024 £
Director	(12,544)	47,377	(32,604)	2,229

Summary of transactions with parent

At the year end the company was owed £4,749 by it's parent, GJHAZ Limited.

11	Parent and ultimate parent undertaking

The company's immediate parent is GJHAZ Limited, incorporated in England and Wales.