Kinsale Ltd - Filleted accounts

Registered number

10767182

Kinsale Ltd

Unaudited Filleted Accounts

31 May 2026

Kinsale Ltd
Registered number:		10767182
Balance Sheet
as at 31 May 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		16,502			3,293

Current assets
Stocks		2,161			2,035
Debtors	4	54,180			72,897
Cash at bank and in hand		55,366			12,508
		111,707			87,440

Creditors: amounts falling due within one year	5	(34,847)			(58,187)

Net current assets			76,860			29,253

Net assets			93,362			32,546

Capital and reserves
Called up share capital			1			1
Profit and loss account			93,361			32,545

Shareholders' funds			93,362			32,546

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Michael Dudley
Director
Approved by the board on 28 July 2026

Kinsale Ltd
Notes to the Accounts
for the year ended 31 May 2026


1	Accounting policies

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	20% Reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 June 2025	3,551		19,158		22,709
	Additions	-		22,333		22,333
	Disposals	-		(20,818)		(20,818)
	At 31 May 2026	3,551		20,673		24,224

	Depreciation
	At 1 June 2025	2,906		16,510		19,416
	Charge for the year	349		4,467		4,816
	On disposals	-		(16,510)		(16,510)
	At 31 May 2026	3,255		4,467		7,722

	Net book value
	At 31 May 2026	296		16,206		16,502
	At 31 May 2025	645		2,648		3,293


4	Debtors			2026		2025
£					£

	Trade debtors			20,897		34,708
	Other debtors			33,283		38,189
				54,180		72,897


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			-		5,875
	Trade creditors			6,333		31,980
	Taxation and social security costs			19,553		19,940
	Other creditors			8,961		392
				34,847		58,187


6	Other information

	Kinsale Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	300 St Marys Road
	Garston
	Liverpool
	Merseyside
	L19 0NQ