REGISTERED NUMBER: 14502390 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 AUGUST 2025

FOR

KILGANNON GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L O Kilgannon

P Kilgannon

REGISTERED OFFICE:

Unit 7 Sharvatt Business Centre

Keats Road

Belvedere

Kent

DA17 6BP

REGISTERED NUMBER:

14502390 (England and Wales)

ACCOUNTANTS:

Friend & Grant Ltd

Bryant House

Bryant Road

Strood

Rochester

Kent

ME2 3EW

FIXED ASSETS

Intangible assets

5

6,300

7,200

Tangible assets

6

64,062

54,445

70,362

61,645

CURRENT ASSETS

Debtors

7

622,091

327,557

Cash at bank

1,647

6,383

623,738

333,940

CREDITORS

Amounts falling due within one year

8

901,882

605,559

NET CURRENT LIABILITIES

(278,144

)

(271,619

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(207,782

)

(209,974

)

CREDITORS

Amounts falling due after more than one year

9

(27,927

)

(39,952

)

PROVISIONS FOR LIABILITIES

(6,246

)

(2,023

)

NET LIABILITIES

(241,955

)

(251,949

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(242,055

)

(252,049

)

SHAREHOLDERS' FUNDS

(241,955

)

(251,949

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2026 and were signed on its behalf by:

P Kilgannon - Director

1.	STATUTORY INFORMATION

Kilgannon Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured as the fair value of the consideration received or receivable from the sale of goods or exchange of services, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

The percentage of completion method is used to calculate the turnover recognised at the period end.

Turnover from the rendering of services is recognised when all of the following conditions are satisfied:

- the amount of turnover can be measured reliably;

- it is probable that the economic benefits associated with the transaction will flow to the entity;

- the stage of completion of the transaction at the end of the reporting period can be measured reliably; and

- the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on cost and 25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employee benefits

The company recognises a provision for annual leave accrued by employees as a result of services rendered in current period, and which employees are entitled to carry forward and use within the next 12 months. The provision is measured at the salary cost payable for the period of absence.

Financial instruments

Basic financial assets/liabilities including trade and other receivables/payables, cash and bank balances, are initially recognised at transaction price unless the arrangement constitutes a financing transaction (loan over period of time) where the transaction is measured at present value of the future receipts discounted at a market rate of interest. Such assets/liabilities are subsequently carried at amortised cost using the effective interest method.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 11 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 31 August 2024

and 30 August 2025

9,000

AMORTISATION

At 31 August 2024

1,800

Charge for year

900

At 30 August 2025

2,700

NET BOOK VALUE

At 30 August 2025

6,300

At 30 August 2024

7,200

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 31 August 2024

-

2,572

68,000

2,406

72,978

Additions

19,409

1,378

15,186

3,423

39,396

Disposals

(2,758

)

-

-

-

(2,758

)

At 30 August 2025

16,651

3,950

83,186

5,829

109,616

DEPRECIATION

At 31 August 2024

-

808

17,000

725

18,533

Charge for year

4,163

785

20,797

1,276

27,021

At 30 August 2025

4,163

1,593

37,797

2,001

45,554

NET BOOK VALUE

At 30 August 2025

12,488

2,357

45,389

3,828

64,062

At 30 August 2024

-

1,764

51,000

1,681

54,445

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

588,568

304,644

Other debtors

33,523

22,913

622,091

327,557

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

380,362

193,669

Hire purchase contracts

11,594

23,006

Trade creditors

138,215

92,146

Taxation and social security

201,411

188,177

Other creditors

170,300

108,561

901,882

605,559

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

27,927

39,952

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

380,362

193,669

The above is a factoring account that is secured by way of personal guarantee by the director as well as a corporate cross company guarantee.

11.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £99,500 (2024: £151,000).

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 August 2025 and the period ended 30 August 2024:

2025

2024

£

£

P Kilgannon

Balance outstanding at start of year

(57,131

)

-

Amounts advanced

335,413

23,152

Amounts repaid

(292,666

)

(80,283

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(14,384

)

(57,131

)

The loan from the director to the company is unsecured, interest free, and repayable on demand.

13.	RELATED PARTY DISCLOSURES

The company was charged £526,897 (2024: £418,957) during the year for the hire of equipment from a company in which the director Mr P Kilgannon is a shareholder.