Company Registration No. 05311633 (England and Wales)
Kenyon Agencies Ltd
Unaudited accounts
for the year ended 31 March 2018
Kenyon Agencies Ltd
Unaudited accounts
Contents
Kenyon Agencies Ltd
Company Information
for the year ended 31 March 2018
Directors
Mrs L Kenyon
Mr RP Kenyon
Mr RM Kenyon
Company Number
05311633 (England and Wales)
Registered Office
Fir Tree Cottage
Wheal Rose
Scorrier, Redruth
Cornwall
TR16 5DF
UK
Accountants
Laws Books Limited
Lukes Cottage
Green Lane Mawla
Redruth
Cornwall
TR16 5DW
Kenyon Agencies Ltd
Statement of financial position
as at
31 March 2018
Intangible assets
28,000
32,000
Tangible assets
275,049
283,068
Inventories
62,695
56,877
Cash at bank and in hand
1,506
438
Creditors: amounts falling due within one year
(152,830)
(210,494)
Net current assets/(liabilities)
36,735
(19,127)
Total assets less current liabilities
339,784
295,941
Creditors: amounts falling due after more than one year
(114,743)
(118,976)
Provisions for liabilities
Deferred tax
(2,807)
(2,601)
Net assets
222,234
174,364
Called up share capital
100
100
Profit and loss account
222,134
174,264
Shareholders' funds
222,234
174,364
For the year ending 31 March 2018 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.
Approved by the Board on 12 October 2018.
Mrs L Kenyon
Director
Company Registration No. 05311633
Kenyon Agencies Ltd
Notes to the Accounts
for the year ended 31 March 2018
Kenyon Agencies Ltd is a private company, limited by shares, registered in England and Wales, registration number 05311633. The registered office is Fir Tree Cottage, Wheal Rose, Scorrier, Redruth, Cornwall, TR16 5DF, UK.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Land & buildings
Land: None. Building: 25 years, straight line
Plant & machinery
20% reducing balance
Computer equipment
20% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Kenyon Agencies Ltd
Notes to the Accounts
for the year ended 31 March 2018
4
Intangible fixed assets
Goodwill
Charge for the year
4,000
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2017
320,876
52,187
373,063
At 31 March 2018
320,876
55,295
376,171
At 1 April 2017
48,240
41,755
89,995
Charge for the year
8,419
2,708
11,127
At 31 March 2018
56,659
44,463
101,122
At 31 March 2018
264,217
10,832
275,049
At 31 March 2017
272,636
10,432
283,068
Raw materials
62,695
56,877
Trade debtors
123,824
132,529
Accrued income and prepayments
1,540
1,523
Kenyon Agencies Ltd
Notes to the Accounts
for the year ended 31 March 2018
8
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
50,531
58,463
Trade creditors
72,162
62,861
Taxes and social security
17,589
33,226
Other creditors
2,500
2,500
Loans from directors
10,048
53,444
9
Creditors: amounts falling due after more than one year
2018
2017
Bank loans
114,743
118,976
The directors have made loans to the company totaling £10,048. The loans are interest free and have no fixed repayment term.
11
Average number of employees
During the year the average number of employees was 6 (2017: 6).