Registration number: 01940512

Kemp Sails Limited

Contents

Company Information	1
Abridged Balance Sheet	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 8

Kemp Sails Limited

Company Information

Director

Mr R D Kemp

Company secretary

Mr R D Kemp

Registered office

4 Cedar Park Cobham Road Ferndown Industrial Estate Wimborne BH21 7SF

Accountants

Ward Goodman Accountancy Services Ltd Chartered Certified Accountants4 Cedar Park Cobham Road Ferndown Industrial Estate Wimborne Dorset BH21 7SF

Kemp Sails Limited

(Registration number: 01940512)
Abridged Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	3,889	4,911
Tangible assets	5	106,762	123,265
		110,651	128,176
Current assets
Stocks	6	140,643	155,440
Debtors		61,948	48,353
Cash at bank and in hand		21,407	46,593
		223,998	250,386
Prepayments and accrued income		4,247	3,205
Creditors: Amounts falling due within one year		(88,996)	(80,935)
Net current assets		139,249	172,656
Total assets less current liabilities		249,900	300,832
Provisions for liabilities		(5,648)	(18,190)
Accruals and deferred income		(220)	(508)
Net assets		244,032	282,134
Capital and reserves
Called up share capital	7	200	200
Revaluation reserve		93,583	103,301
Retained earnings		150,249	178,633
Shareholders' funds		244,032	282,134

For the financial 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.

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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Kemp Sails Limited

(Registration number: 01940512)
Abridged Balance Sheet as at 31 August 2025

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 29 May 2026
 

......................................... Mr R D Kemp Company secretary and director

Kemp Sails Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 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:
4 Cedar Park Cobham Road
Ferndown Industrial Estate
Wimborne
BH21 7SF

These financial statements were authorised for issue by the director on 29 May 2026.

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 abridged 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 abridged 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.

The financial statements are presented in pound sterling and rounded to the nearest £1.

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.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Kemp Sails Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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
Plant and machinery	20% on reducing balance and 20% on cost
Office equipment	20% on reducing balance and 20% on cost
Motor vehicles	25% on reducing balance
Computer equipment	25% on cost

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.

Amortisation

Computer software is being amortised evenly over its estimated useful life of ten years.

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.

Kemp Sails Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 18 (2024 - 20).

Kemp Sails Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2025

4	Intangible assets

	Total £
Cost or valuation
At 1 September 2024	6,020
Additions acquired separately	(500)
At 31 August 2025	5,520
Amortisation
At 1 September 2024	1,109
Amortisation charge	522
At 31 August 2025	1,631
Carrying amount
At 31 August 2025	3,889
At 31 August 2024	4,911

5	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 September 2024	18,094	232,407	43,820	14,099	308,420
At 31 August 2025	18,094	232,407	43,820	14,099	308,420
Depreciation
At 1 September 2024	17,056	115,255	41,749	11,095	185,155
Charge for the year	369	14,531	852	751	16,503
At 31 August 2025	17,425	129,786	42,601	11,846	201,658
Carrying amount
At 31 August 2025	669	102,621	1,219	2,253	106,762
At 31 August 2024	1,038	117,152	2,071	3,004	123,265

Kemp Sails Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2025

6

Stocks

	2025 £	2024 £
Stocks	140,643	155,440

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100
Ordinary B of £1 each	100	100	100	100
	200	200	200	200

8	Related party transactions

Summary of transactions with other related parties

The company paid rent totalling £23,500 (2024 - £23,500) during the financial year to the pension fund of the director, R D Kemp.