Registration number: 06543934

Kenby Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 9

Kenby Limited

Company Information

Director

Mr Paul Steven McDonnell

Registered office

37 Market Square Witney Oxon OX28 6RE

Accountants

ReesRussell LLP Chartered Accountants37 Market Square Witney Oxfordshire OX28 6RE

Kenby Limited

(Registration number: 06543934)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	989	1,319
Current assets
Stocks	6	256,426	256,426
Debtors	7	38,037	38,036
Cash at bank and in hand		2,314	4,533
		296,777	298,995
Creditors: Amounts falling due within one year	8	(896,687)	(900,118)
Net current liabilities		(599,910)	(601,123)
Total assets less current liabilities		(598,921)	(599,804)
Creditors: Amounts falling due after more than one year	8	(7,887)	(7,887)
Provisions for liabilities		(595)	(595)
Net liabilities		(607,403)	(608,286)
Capital and reserves
Called up share capital		1,000	1,000
Retained earnings		(608,403)	(609,286)
Shareholders' deficit		(607,403)	(608,286)

For the financial year ending 31 March 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 Profit and Loss Account.

Approved and authorised by the director on 22 December 2025
 

......................................... Mr Paul Steven McDonnell Director

Kenby Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

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

The address of its registered office is:
37 Market Square
Witney
Oxon
OX28 6RE

The principal place of business is:
Minmere Barn
Buckland Road
Charney Bassett
Oxon
OX12 0EL

These financial statements were authorised for issue by the director on 22 December 2025.

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.

Going concern

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 sales/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.

Kenby Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet 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 charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture and fittings	25% reducing balance basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Website development

Costs incurred in the planning stage of the websites are expensed as research and development while costs incurred in the development stage are capitalised and amortised over the life of the asset. Costs subsequent to completion will be expensed.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	over 1 year
Software system development	over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, 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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Kenby Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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 profit and loss account 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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

Kenby Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Goodwill  £	Software systems development  £	Total £
Cost or valuation
At 1 April 2024	1,000	645,001	646,001
At 31 March 2025	1,000	645,001	646,001
Amortisation
At 1 April 2024	1,000	645,001	646,001
At 31 March 2025	1,000	645,001	646,001
Carrying amount
At 31 March 2025	-	-	-

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	13,000	13,000
At 31 March 2025	13,000	13,000
Depreciation
At 1 April 2024	11,681	11,681
Charge for the year	330	330
At 31 March 2025	12,011	12,011
Carrying amount
At 31 March 2025	989	989
At 31 March 2024	1,319	1,319

6

Stocks

	2025 £	2024 £
Other inventories	256,426	256,426

Kenby Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Debtors

Current	2025 £	2024 £
Trade debtors	13,200	13,200
Other debtors	24,837	24,836
	38,037	38,036

Kenby Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	717	717
Trade creditors		1,742	2,957
Taxation and social security		1,112	1,400
Accruals and deferred income		167,120	164,870
Other creditors		725,996	730,174
		896,687	900,118

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	7,887	7,887

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	7,887	7,887

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	7,887	7,887

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	717	717

Kenby Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

10	Related party transactions

Summary of transactions with other related parties

During the year the company made the following related party transactions:

Erank Limited
(The director, P McDonnell is also a director of Erank Limited)
At the balance sheet date, the amount owed to Erank was £0 (2024 - £0).

Impact.A.I Limited
(The director, P McDonnell is also a director of Impact.A,I Limited)
At the balance sheet date, the amount owed from Impact.A.I was £22,836 (2024 - £22,836).