REGISTERED NUMBER: 02422897 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

Kennedy Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A J Marriner

C A Rowan

I Ryan

Mrs D A Ryan

D Ryan

SECRETARY:

Mrs D A Ryan

REGISTERED OFFICE:

Alexander House

Station Road Columbia

Washington

Tyne and Wear

NE38 7BD

REGISTERED NUMBER:

02422897 (England and Wales)

ACCOUNTANTS:

Anderson Barrowcliff Limited

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

FIXED ASSETS

Tangible assets

4

227,244

221,907

CURRENT ASSETS

Stocks

2,750

2,750

Debtors

5

2,728,873

2,060,683

Cash at bank and in hand

522,743

241,043

3,254,366

2,304,476

CREDITORS

Amounts falling due within one year

6

2,177,732

1,623,386

NET CURRENT ASSETS

1,076,634

681,090

TOTAL ASSETS LESS CURRENT LIABILITIES

1,303,878

902,997

PROVISIONS FOR LIABILITIES

55,000

54,374

NET ASSETS

1,248,878

848,623

CAPITAL AND RESERVES

Called up share capital

8

100

100

Share premium

79,980

79,980

Other reserves

65

65

Retained earnings

1,168,733

768,478

1,248,878

848,623

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 7 April 2026 and were signed on its behalf by:

I Ryan - Director

1.	STATUTORY INFORMATION

Kennedy Services 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 presentation currency of the financial statements is the Pound Sterling (£).

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 stated net of VAT and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover for the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date.

Construction contracts.

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the balance sheet date. Stage of completion is measured by reference to the right to consideration in respect of performance of contractual obligations.

Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred.

When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

Tangible fixed assets

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

Short leasehold

-

10% on cost

Plant and machinery

-

33% on cost and 15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Amounts recoverable on contracts

Amounts recoverable on contracts are stated at cost plus attributable profit to the extent that such profit is reasonably certain and after making provision for any foreseeable losses in completing contracts, less payments on account received.

Debtors & creditors receivable/payable

Debtors and creditors with no stated interest rate and receivable or payable are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 52 (2024 - 45 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 December 2024

3,730

34,550

15,625

310,921

364,826

Additions

-

23,437

817

42,498

66,752

Disposals

-

-

(1,995

)

(28,248

)

(30,243

)

At 30 November 2025

3,730

57,987

14,447

325,171

401,335

DEPRECIATION

At 1 December 2024

2,642

19,583

3,262

117,432

142,919

Charge for year

372

4,444

3,145

48,110

56,071

Eliminated on disposal

-

-

(1,622

)

(23,277

)

(24,899

)

At 30 November 2025

3,014

24,027

4,785

142,265

174,091

NET BOOK VALUE

At 30 November 2025

716

33,960

9,662

182,906

227,244

At 30 November 2024

1,088

14,967

12,363

193,489

221,907

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,735,401

1,564,725

Amounts owed by group undertakings

16,991

-

Other debtors

976,481

495,958

2,728,873

2,060,683

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,066,907

668,789

Amounts owed to group undertakings

654,238

504,755

Taxation and social security

344,843

254,165

Other creditors

111,744

195,677

2,177,732

1,623,386

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

67,736

38,435

Between one and five years

80,232

26,701

147,968

65,136

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal value:

2025

2024

£

£

80

Ordinary

£1.00

80

80

5

Ordinary 'A'

£1.00

5

5

5

Ordinary 'B'

£1.00

5

5

5

Ordinary 'C'

£1.00

5

5

5

Ordinary 'D'

£1.00

5

5

100

100

9.	RELATED PARTY DISCLOSURES

During the year the company provided an interest free loan to a fellow group company. As at 30 November 2025 the balance outstanding on this loan was £16,991 (2024: £Nil), and is included in Debtors, amounts falling due within one year.

During the year the company was provided with an interest free loan from a fellow group company. As at 30 November 2025 the balance outstanding on this loan was £654,238 (2024; £504,755), and is included in Creditors, amounts falling due within one year.