REGISTERED NUMBER: 13271309 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

KENILWORTH PICTURE FRAMING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Drakeley

Mrs J Drakeley

REGISTERED OFFICE:

70a Warwick Road

Kenilworth

United Kingdom

CV8 1HH

REGISTERED NUMBER:

13271309 (England and Wales)

ACCOUNTANTS:

Bernard Rogers & Co

Bank Gallery

High Street

Kenilworth

Warwickshire

CV8 1LY

FIXED ASSETS

Intangible assets

4

2,500

3,000

Tangible assets

5

10,758

16,195

13,258

19,195

CURRENT ASSETS

Stocks

7,950

8,300

Debtors

6

10,064

7,478

Cash at bank

9,604

13,122

27,618

28,900

CREDITORS

Amounts falling due within one year

7

20,716

29,424

NET CURRENT ASSETS/(LIABILITIES)

6,902

(524

)

TOTAL ASSETS LESS CURRENT LIABILITIES

20,160

18,671

CREDITORS

Amounts falling due after more than one year

8

(13,067

)

(16,773

)

PROVISIONS FOR LIABILITIES

(2,044

)

(1,896

)

NET ASSETS

5,049

2

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

5,047

-

5,049

2

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 10 September 2026 and were signed on its behalf by:

D Drakeley - Director

1.	STATUTORY INFORMATION

Kenilworth Picture Framing Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Tools and equipment

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company makes pension payments on behalf of the directors, the assets of the scheme are held separately from those of the company's in independently administered funds.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

5,000

AMORTISATION

At 1 April 2025

2,000

Charge for year

500

At 31 March 2026

2,500

NET BOOK VALUE

At 31 March 2026

2,500

At 31 March 2025

3,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Tools and

and

Computer

equipment

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2025

and 31 March 2026

26,265

2,153

1,248

29,666

DEPRECIATION

At 1 April 2025

10,890

2,153

428

13,471

Charge for year

5,125

-

312

5,437

At 31 March 2026

16,015

2,153

740

18,908

NET BOOK VALUE

At 31 March 2026

10,250

-

508

10,758

At 31 March 2025

15,375

-

820

16,195

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Tools and

equipment

£

COST

At 1 April 2025

and 31 March 2026

20,500

DEPRECIATION

At 1 April 2025

5,125

Charge for year

5,125

At 31 March 2026

10,250

NET BOOK VALUE

At 31 March 2026

10,250

At 31 March 2025

15,375

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

6,709

2,561

Other debtors

3,355

4,917

10,064

7,478

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

3,706

3,234

Trade creditors

47

115

Taxation and social security

4,444

2,585

Other creditors

12,519

23,490

20,716

29,424

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

13,067

16,773

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

16,773

20,007

10.	RELATED PARTY DISCLOSURES

At 31 March 2026 other creditors include loans made to the company by its directors amounting to £10,617 (2025 £15,141). The loans are interest free with no fixed date for repayment.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors.