George Kennedy Ltd

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: NI042646

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		530,455		461,674

			530,455		461,674
CURRENT ASSETS
Stocks		18,045		4,235
Debtors		237,269		166,300
Cash at bank and in hand		731,965		763,186

		987,279		933,721
Creditors: Amounts Falling Due Within One Year		(314,006 )		(276,623 )

NET CURRENT ASSETS (LIABILITIES)			673,273		657,098

TOTAL ASSETS LESS CURRENT LIABILITIES			1,203,728		1,118,772

PROVISIONS FOR LIABILITIES
Deferred Taxation			(114,565 )		(114,565 )

NET ASSETS			1,089,163		1,004,207

CAPITAL AND RESERVES
Called up share capital	5		2		2
Profit and Loss Account			1,089,161		1,004,205

SHAREHOLDERS' FUNDS			1,089,163		1,004,207

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George Kennedy Ltd

Abridged Balance Sheet (continued)

As At 31 August 2025

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 August 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr G Kennedy

Director

6 May 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

George Kennedy Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI042646 . The registered office is 82 Belfast Road, Kilwaughter, Larne, BT40 2PJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are prepared in sterling which is the functional curreny ofthe entity rounded to the nearest pound.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% Reducing balance
Fixtures & Fittings	15% Reducing balance

2.4. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable .

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

No provision has been made for deferred taxation in these financial statements. The entity has elected not to recognise deferred tax assets or liabilities on the grounds that the amounts involved are not material to the financial statements.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2024: 8)

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George Kennedy Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 August 2025

4. Tangible Assets

	Total
	£
Cost
As at 1 September 2024	1,304,233
Additions	148,350

As at 31 August 2025	1,452,583

Depreciation
As at 1 September 2024	842,559
Provided during the period	79,569

As at 31 August 2025	922,128

Net Book Value
As at 31 August 2025	530,455

As at 1 September 2024	461,674

5. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

6. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 September 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 August 2025
	£	£	£	£	£
Mr George Kennedy	20,101	53,294	20,101	-	53,294

The above loan is unsecured and repayable on demand.

7. Related Party Transactions

There have been no transactions with shareholders outside the normal course of business.

George Kennedy Hire Ltd

Mr G Kennedy is a director and shareholder of George Kennedy Hire Ltd

Amount due to related party at year end: £19,620 (2024: £20,280)

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