Andy Kenny Engineering Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

1. General Information

Andy Kenny Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09262124 . The registered office is 105 Garstang Road, Preston, Lancs, PR1 1LD.

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.

2.2. Turnover

Turnover is measured net of any Value Added Tax and any applicable dicounts. Revenue is recognised for both goods sold and services provided upon completion of the work. This is when the invoice is reaised to the customer and the company becomes legally entitled to receive the income.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the income statement over its estimated economic life of 10 years.

If there is an indication that there has been a significant change in amortisation rate, useful life or

residual value of an intangible asset, the amortisation is revised prospectively to reflect the new

estimates.

2.4. 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	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.

2.6. 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.

2.7. Financial Instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

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Andy Kenny Engineering Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.8. Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

2.9. Pensions

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

2.10. Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

2.11. Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Intangible Assets

	Other
	£
Cost
As at 1 November 2024	50,000

As at 31 October 2025	50,000

Amortisation
As at 1 November 2024	50,000

As at 31 October 2025	50,000

...CONTINUED

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Andy Kenny Engineering Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

Net Book Value
As at 31 October 2025	-

As at 1 November 2024	-

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 November 2024	59,543	150,498	1,652	6,378	218,071
Additions	-	30,906	-	1,872	32,778
Disposals	-	(26,000 )	-	-	(26,000 )

As at 31 October 2025	59,543	155,404	1,652	8,250	224,849

Depreciation
As at 1 November 2024	40,125	69,852	1,049	4,574	115,600
Provided during the period	4,855	23,034	151	529	28,569
Disposals	-	(19,552 )	-	-	(19,552 )

As at 31 October 2025	44,980	73,334	1,200	5,103	124,617

Net Book Value
As at 31 October 2025	14,563	82,070	452	3,147	100,232

As at 1 November 2024	19,418	80,646	603	1,804	102,471

6. Stocks

	2025	2024
	£	£
Stock	1,000	1,000

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	202,194	175,473
Other debtors	77,475	8,230

	279,669	183,703

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	14,188	9,458
Trade creditors	51,701	48,336
Bank loans and overdrafts	7,033	10,332
Other creditors	1,193	1,172
Taxation and social security	94,128	46,328

	168,243	115,626

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Andy Kenny Engineering Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	20,338	24,177
Bank loans	-	7,033

	20,338	31,210

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	14,188	9,458
Later than one year and not later than five years	20,338	24,177

	34,526	33,635

	34,526	33,635

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

12. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 November 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 October 2025
	£	£	£	£	£
Mr Andrew Kenny	6,885	81,450	(28,057 )	-	60,278

The above loan is unsecured, interest free and repayable on demand.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		100,232		102,471

			100,232		102,471
CURRENT ASSETS
Stocks	6	1,000		1,000
Debtors	7	279,669		183,703
Cash at bank and in hand		87,613		61,959

		368,282		246,662
Creditors: Amounts Falling Due Within One Year	8	(168,243 )		(115,626 )

NET CURRENT ASSETS (LIABILITIES)			200,039		131,036

TOTAL ASSETS LESS CURRENT LIABILITIES			300,271		233,507

Creditors: Amounts Falling Due After More Than One Year	9		(20,338 )		(31,210 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(21,478 )		(21,809 )

NET ASSETS			258,455		180,488

CAPITAL AND RESERVES
Called up share capital	11		100		100
Income Statement			258,355		180,388

SHAREHOLDERS' FUNDS			258,455		180,488