Ken Allen Autowreckers Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04848141

KEN ALLEN AUTOWRECKERS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 July 2026

KEN ALLEN AUTOWRECKERS LIMITED

STATEMENT OF FINANCIAL POSITION

31 July 2026

	2026	2025
Note	£	£

FIXED ASSETS

Tangible assets	6	428,619	505,124

CURRENT ASSETS

Stocks		56,450	49,720
Debtors	7	179,234	181,891
Cash at bank and in hand		85,056	116,296
		-----------	-----------
		320,740	347,907

CREDITORS: amounts falling due within one year	8	82,665	137,678
		-----------	-----------
NET CURRENT ASSETS		238,075	210,229
		-----------	-----------
TOTAL ASSETS LESS CURRENT LIABILITIES		666,694	715,353

CREDITORS: amounts falling due after more than one year	9	20,597	26,195

PROVISIONS	30,539	43,458
	-----------	-----------
NET ASSETS	615,558	645,700
	-----------	-----------

CAPITAL AND RESERVES

Called up share capital	100	100
Revaluation reserve	30,000	30,000
Profit and loss account	585,458	615,600
	-----------	-----------
SHAREHOLDERS FUNDS	615,558	645,700
	-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

KEN ALLEN AUTOWRECKERS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 July 2026

For the year ending 31 July 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 13 October 2026 , and are signed on behalf of the board by:

Mrs J Whatmuff

Director

Company registration number: 04848141

KEN ALLEN AUTOWRECKERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2026

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 9, Northgate, White Lund Industrial Estate, Morecambe, Lancashire, LA3 3AY, England.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

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

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	5% straight line

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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	15% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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 as a finance cost in profit or loss in the period it arises.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 13 (2025: 14 ).

5. INTANGIBLE ASSETS

	Goodwill
	£

Cost
At 1 August 2025 and 31 July 2026	120,000
	-----------
Amortisation
At 1 August 2025 and 31 July 2026	120,000
	-----------
Carrying amount
At 31 July 2026	–
	-----------
At 31 July 2025	–
	-----------

6. TANGIBLE ASSETS

Freehold property	Plant and machinery	Motor vehicles	Equipment	Total
£	£	£	£	£

Cost
At 1 August 2025	260,000	478,825	406,876	20,099	1,165,800
Additions	–	–	–	606	606
Disposals	–	–	( 143,948)	–	( 143,948)
	-----------	-----------	-----------	---------	--------------
At 31 July 2026	260,000	478,825	262,928	20,705	1,022,458
	-----------	-----------	-----------	---------	--------------
Depreciation
At 1 August 2025	–	390,723	251,901	18,052	660,676
Charge for the year	–	13,215	30,492	398	44,105
Disposals	–	–	( 110,942)	–	( 110,942)
	-----------	-----------	-----------	---------	--------------
At 31 July 2026	–	403,938	171,451	18,450	593,839
	-----------	-----------	-----------	---------	--------------
Carrying amount
At 31 July 2026	260,000	74,887	91,477	2,255	428,619
	-----------	-----------	-----------	---------	--------------
At 31 July 2025	260,000	88,102	154,975	2,047	505,124
	-----------	-----------	-----------	---------	--------------

7. DEBTORS

	2026	2025
	£	£

Trade debtors	66,769	72,583
Prepayments and accrued income	12,465	9,308
Other debtors	100,000	100,000
	-----------	-----------
	179,234	181,891
	-----------	-----------

8. CREDITORS: amounts falling due within one year

	2026	2025
	£	£

Trade creditors	8,861	7,239
Accruals and deferred income	3,410	3,285
Corporation tax	19,067	5,217
Social security and other taxes	45,521	48,799
Obligations under finance leases and hire purchase contracts	5,597	56,562
Director loan accounts	209	16,576
	---------	-----------
	82,665	137,678
	---------	-----------

9. CREDITORS: amounts falling due after more than one year

	2026	2025
	£	£

Obligations under finance leases and hire purchase contracts	20,597	26,195
	---------	---------

10. RELATED PARTY TRANSACTIONS

The company loaned Mackenzie Trading Limited £100,000 in 2023 as at 31st July 2026 this remains outstanding and is included in other debtors.