Company No: 04717452 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

K Sears

SECRETARY

K Greaves

REGISTERED OFFICE	Ann Cottage Heath End Road
	Great Kingshill
	High Wycombe
	Buckinghamshire
	HP15 6HL
	United Kingdom

COMPANY NUMBER

04717452 (England and Wales)

ACCOUNTANT	S&W Partners (Thames Valley) Limited
	22 Wycombe End
	Beaconsfield
	Buckinghamshire
	HP9 1NB

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	247,065		249,101
		247,065		249,101
Current assets
Debtors	5	1,497,459		1,499,010
Cash at bank and in hand		701,289		468,301
		2,198,748		1,967,311
Creditors: amounts falling due within one year	6	( 161,913)		( 93,097)
Net current assets		2,036,835		1,874,214
Total assets less current liabilities		2,283,900		2,123,315
Creditors: amounts falling due after more than one year	7	( 57,516)		( 71,108)
Provision for liabilities		( 47,679)		( 47,518)
Net assets		2,178,705		2,004,689
Capital and reserves
Called-up share capital	8	15		15
Profit and loss account		2,178,690		2,004,674
Total shareholders' funds		2,178,705		2,004,689

For the financial year ending 31 October 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 financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Kevin Sears Carpentry Limited (registered number: 04717452) were approved and authorised for issue by the Director on 11 June 2026. They were signed on its behalf by:

K Sears Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Kevin Sears Carpentry Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ann Cottage Heath End Road, Great Kingshill, High Wycombe, Buckinghamshire, HP15 6HL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Kevin Sears Carpentry Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from 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. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	3		3

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 November 2024	31,600		31,600
At 31 October 2025	31,600		31,600
Accumulated amortisation
At 01 November 2024	31,600		31,600
At 31 October 2025	31,600		31,600
Net book value
At 31 October 2025	0		0
At 31 October 2024	0		0

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 November 2024	398,086		398,086
Additions	85,437		85,437
Disposals	( 54,255)		( 54,255)
At 31 October 2025	429,268		429,268
Accumulated depreciation
At 01 November 2024	148,985		148,985
Charge for the financial year	67,689		67,689
Disposals	( 34,471)		( 34,471)
At 31 October 2025	182,203		182,203
Net book value
At 31 October 2025	247,065		247,065
At 31 October 2024	249,101		249,101

5. Debtors

	2025		2024
	£		£
Trade debtors	108,820		33,501
Amounts owed by related parties	1,362,164		1,363,505
Other debtors	26,475		102,004
	1,497,459		1,499,010

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	10,000		10,000
Trade creditors	40,506		27,611
Taxation and social security	89,679		13,739
Obligations under finance leases and hire purchase contracts	11,666		12,653
Other creditors	10,062		29,094
	161,913		93,097

Obligations under finance leases and hire purchase contracts are secured by fixed charges on the assets concerned.

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	1,667		11,667
Obligations under finance leases and hire purchase contracts	55,849		59,441
	57,516		71,108

Obligations under finance leases and hire purchase contracts are secured by fixed charges on the assets concerned.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
10 A ordinary shares of £ 1.00 each	10		10
5 B ordinary shares of £ 1.00 each	5		5
	15		15

9. Related party transactions

Transactions with the entity's director

At the balance sheet date, the company owed the directors £6,119 (2024 - £70,535 was owed by the directors to the company). During the year interest of £1,344 (2024 - £2,058) was charged in respect of this loan at the rate of 2.25% for the tax year 24/25 and 3.75% for the tax year 25/26.

Other related party transactions

At the balance sheet, the company was owed £1,362,164 (2024 - £1,363,505) from a company under common control in respect of interest free loans made to the company.