REGISTERED NUMBER: 05097462 (England and Wales)

Kenray Forming Limited

Unaudited Financial Statements

for the Year Ended 31 July 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A P Dennis

W M Evans

SECRETARY:

A P Dennis

REGISTERED OFFICE:

Telford Way

Stephenson Industrial Estate

Coalville

Leicestershire

LE67 3HE

REGISTERED NUMBER:

05097462 (England and Wales)

ACCOUNTANTS:

TC Group

Sterling House

97 Lichfield Street

Tamworth

Staffordshire

B79 7QF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

260,741

311,357

Investments

6

-

-

260,741

311,357

CURRENT ASSETS

Stocks

334,473

322,874

Debtors

7

1,951,711

1,512,042

Cash at bank and in hand

1,252,585

851,899

3,538,769

2,686,815

CREDITORS

Amounts falling due within one year

8

941,790

632,163

NET CURRENT ASSETS

2,596,979

2,054,652

TOTAL ASSETS LESS CURRENT LIABILITIES

2,857,720

2,366,009

CREDITORS

Amounts falling due after more than one year

9

(2,669

)

(36,042

)

PROVISIONS FOR LIABILITIES

(69,636

)

(75,862

)

NET ASSETS

2,785,415

2,254,105

CAPITAL AND RESERVES

Called up share capital

11

120,416

120,416

Share premium

12

22,579

22,579

Capital redemption reserve

12

5,899

5,899

Retained earnings

12

2,636,521

2,105,211

SHAREHOLDERS' FUNDS

2,785,415

2,254,105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2026 and were signed on its behalf by:

W M Evans - Director

1.	STATUTORY INFORMATION

Kenray Forming 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.

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.

Preparation of consolidated financial statements

The financial statements contain information about Kenray Forming Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

The company is also a subsidiary but the group is still small and, therefore, exempt from the preparation of any consolidated accounts.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgement, estimates and assumptions about carrying amounts 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 revision and future periods where the revision affects both current and future periods.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twelve years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

-

33% on reducing balance, 25% on reducing balance and 20% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2024 - 55 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 August 2024

and 31 July 2025

1,003,826

3,989

1,007,815

AMORTISATION

At 1 August 2024

and 31 July 2025

1,003,826

3,989

1,007,815

NET BOOK VALUE

At 31 July 2025

-

-

-

At 31 July 2024

-

-

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2024

and 31 July 2025

1,162,890

DEPRECIATION

At 1 August 2024

851,533

Charge for year

116,558

Eliminated on disposal

(65,942

)

At 31 July 2025

902,149

NET BOOK VALUE

At 31 July 2025

260,741

At 31 July 2024

311,357

Land and buildings were valued at the previous year end by the directors. Based upon their knowledge of the local market and condition of the properties they feel that the value shown in the accounts is materially correct.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 August 2024

and 31 July 2025

454,208

DEPRECIATION

At 1 August 2024

166,293

Charge for year

110,615

At 31 July 2025

276,908

NET BOOK VALUE

At 31 July 2025

177,300

At 31 July 2024

287,915

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 August 2024

and 31 July 2025

64,496

PROVISIONS

At 1 August 2024

and 31 July 2025

64,496

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,463,600

979,178

Amounts owed by group undertakings

447,545

414,185

Other debtors

40,566

118,679

1,951,711

1,512,042

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

33,373

66,011

Trade creditors

233,658

194,495

Taxation and social security

251,368

127,117

Other creditors

423,391

244,540

941,790

632,163

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

2,669

36,042

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

36,042

102,053

Bank loans and overdrafts are secured by way of a fixed and floating charge over the assets of the company, both present and future.

Hire purchase liabilities are secured by way of a charge over the assets to which they relate.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

120,416

Ordinary

£1

120,416

120,416

12.

RESERVES

Capital

Retained

Share

redemption

earnings

premium

reserve

Totals

£

£

£

£

At 1 August 2024

2,105,211

22,579

5,899

2,133,689

Profit for the year

780,600

780,600

Dividends

(249,290

)

(249,290

)

At 31 July 2025

2,636,521

22,579

5,899

2,664,999

13.	RELATED PARTY DISCLOSURES

Kenray Forming Ltd declared dividends to Kenray Holdings Ltd totalling £249,290 (2024 - £140,470). At 31 July 2025 Kenray Holdings owed the company £447,545 (2024- £414,185)