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Company Registration No. NI692907 (Northern Ireland)
Kennedy Joinery Ltd Unaudited accounts for the year ended 30 November 2025
Kennedy Joinery Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Kennedy Joinery Ltd Company Information for the year ended 30 November 2025
Directors
Stephen Kennedy Jonathan Kennedy
Company Number
NI692907 (Northern Ireland)
Registered Office
14d Carmavy Road Nutts Corner Crumlin BT29 4TF United Kingdom
Accountants
DJB Accounting Ltd 34 Knockmoyle Drive Greystone Road Antrim BT41 1HE
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Kennedy Joinery Ltd Accountants' report
Accountants' report to the board of directors of Kennedy Joinery Ltd on the preparation of the unaudited statutory accounts for the year ended 30 November 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Kennedy Joinery Ltd for the year ended 30 November 2025 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Kennedy Joinery Ltd, as a body, in accordance with the terms of our engagement letter dated 1 April 2021. Our work has been undertaken solely to prepare for your approval the accounts of Kennedy Joinery Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kennedy Joinery Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Kennedy Joinery Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Kennedy Joinery Ltd. You consider that Kennedy Joinery Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Kennedy Joinery Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
DJB Accounting Ltd 34 Knockmoyle Drive Greystone Road Antrim BT41 1HE 12 March 2026
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Kennedy Joinery Ltd Statement of financial position as at 30 November 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
68,891
60,495
Current assets
Debtors
5
3,708
2,172
Cash at bank and in hand
5,321
408
9,029
2,580
Creditors: amounts falling due within one year
6
(78,875)
(84,007)
Net current liabilities
(69,846)
(81,427)
Total assets less current liabilities
(955)
(20,932)
Creditors: amounts falling due after more than one year
7
(26,257)
-
Net liabilities
(27,212)
(20,932)
Capital and reserves
Called up share capital
2
2
Profit and loss account
(27,214)
(20,934)
Shareholders' funds
(27,212)
(20,932)
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 August 2026 and were signed on its behalf by
Stephen Kennedy Director Company Registration No. NI692907
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Kennedy Joinery Ltd Notes to the Accounts for the year ended 30 November 2025
1
Statutory information
Kennedy Joinery Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI692907. The registered office is 14d Carmavy Road, Nutts Corner, Crumlin, BT29 4TF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
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 accounts. 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Kennedy Joinery Ltd Notes to the Accounts for the year ended 30 November 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors shall continue to adopt the going concern basis of accounting in preparing the financial statements.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 December 2024
50,000
38,495
88,495
Additions
27,995
-
27,995
At 30 November 2025
77,995
38,495
116,490
Depreciation
At 1 December 2024
20,000
8,000
28,000
Charge for the year
15,599
4,000
19,599
At 30 November 2025
35,599
12,000
47,599
Net book value
At 30 November 2025
42,396
26,495
68,891
At 30 November 2024
30,000
30,495
60,495
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
3,416
2,172
Other debtors
292
-
3,708
2,172
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Kennedy Joinery Ltd Notes to the Accounts for the year ended 30 November 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
(4,539)
-
VAT
1,943
584
Trade creditors
22,994
22,994
Taxes and social security
-
499
Other creditors
17,204
860
Loans from directors
41,273
59,070
78,875
84,007
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
26,257
-
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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