Company Registration No. NI667726 (Northern Ireland)
KENNYS CONVENIENCE STORES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
PAGES FOR FILING WITH REGISTRAR
IDS Chartered Accountants LLP
23/25 Queen Street
COLERAINE
Co Londonderry
BT52 1BG
KENNYS CONVENIENCE STORES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
KENNYS CONVENIENCE STORES LIMITED
BALANCE SHEET
AS AT 31 JULY 2025
31 July 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
86,191
86,191
Tangible assets
5
650,817
661,273
737,008
747,464
Current assets
Stocks
144,434
161,305
Debtors
6
118,247
178,562
Cash at bank and in hand
335,444
189,113
598,125
528,980
Creditors: amounts falling due within one year
7
(918,269)
(1,050,552)
Net current liabilities
(320,144)
(521,572)
Total assets less current liabilities
416,864
225,892
Provisions for liabilities
(118,428)
(119,530)
Net assets
298,436
106,362
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
298,435
106,361
Total equity
298,436
106,362
KENNYS CONVENIENCE STORES LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2025
31 July 2025
- 2 -

For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 21 April 2026
Mr K Bradley
Director
Company registration number NI667726 (Northern Ireland)
KENNYS CONVENIENCE STORES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 3 -
1
Accounting policies
Company information

Kennys Convenience Stores Limited is a private company limited by shares incorporated in Northern Ireland. The registered office is 26 Garvagh Road, KILREA, Co Londonderry, BT51 5QP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts and settlement discounts.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
straight line over 25 years
Fixtures and fittings
10% straight line
KENNYS CONVENIENCE STORES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 4 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

KENNYS CONVENIENCE STORES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

KENNYS CONVENIENCE STORES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 6 -
1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
21
22
4
Intangible fixed assets
Goodwill
Other
Total
£
£
£
Cost
At 1 August 2024 and 31 July 2025
10,000
86,191
96,191
Amortisation and impairment
At 1 August 2024 and 31 July 2025
10,000
-
0
10,000
Carrying amount
At 31 July 2025
-
0
86,191
86,191
At 31 July 2024
-
0
86,191
86,191
KENNYS CONVENIENCE STORES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 7 -
5
Tangible fixed assets
Leasehold land and buildings
Fixtures and fittings
Total
£
£
£
Cost
At 1 August 2024
357,427
485,195
842,623
Additions
-
0
58,181
58,181
At 31 July 2025
357,427
543,377
900,804
Depreciation and impairment
At 1 August 2024
44,413
136,940
181,352
Depreciation charged in the year
14,297
54,338
68,635
At 31 July 2025
58,710
191,277
249,987
Carrying amount
At 31 July 2025
298,717
352,100
650,817
At 31 July 2024
313,016
348,257
661,273
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
176
763
Other debtors
56,909
51,447
57,085
52,210
Deferred tax asset
61,162
126,352
118,247
178,562
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
317,894
272,516
Taxation and social security
29,372
21,795
Other creditors
571,003
756,241
918,269
1,050,552

The bank loans are secured by a fixed and floating charge over the property of the Company.

2025-07-31 2024-08-01 false false false 21 April 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr K Bradley NI667726 2024-08-01 2025-07-31 NI667726 2025-07-31 NI667726 2024-07-31 NI667726 core:NetGoodwill 2025-07-31 NI667726 core:IntangibleAssetsOtherThanGoodwill 2025-07-31 NI667726 core:NetGoodwill 2024-07-31 NI667726 core:IntangibleAssetsOtherThanGoodwill 2024-07-31 NI667726 core:LongLeaseholdAssets 2025-07-31 NI667726 core:FurnitureFittings 2025-07-31 NI667726 core:FurnitureFittings 2024-07-31 NI667726 core:CurrentFinancialInstruments core:WithinOneYear 2025-07-31 NI667726 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 NI667726 core:WithinOneYear 2025-07-31 NI667726 core:WithinOneYear 2024-07-31 NI667726 core:CurrentFinancialInstruments 2025-07-31 NI667726 core:CurrentFinancialInstruments 2024-07-31 NI667726 core:ShareCapital 2025-07-31 NI667726 core:ShareCapital 2024-07-31 NI667726 core:RetainedEarningsAccumulatedLosses 2025-07-31 NI667726 core:RetainedEarningsAccumulatedLosses 2024-07-31 NI667726 bus:Director1 2024-08-01 2025-07-31 NI667726 core:Goodwill 2024-08-01 2025-07-31 NI667726 core:IntangibleAssetsOtherThanGoodwill 2024-08-01 2025-07-31 NI667726 core:LandBuildings core:LongLeaseholdAssets 2024-08-01 2025-07-31 NI667726 core:FurnitureFittings 2024-08-01 2025-07-31 NI667726 2023-08-01 2024-07-31 NI667726 core:NetGoodwill 2024-07-31 NI667726 core:IntangibleAssetsOtherThanGoodwill 2024-07-31 NI667726 2024-07-31 NI667726 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-07-31 NI667726 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-07-31 NI667726 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-08-01 2025-07-31 NI667726 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 NI667726 bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 NI667726 bus:FRS102 2024-08-01 2025-07-31 NI667726 bus:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 NI667726 bus:FullAccounts 2024-08-01 2025-07-31 xbrli:pure xbrli:shares iso4217:GBP