Kennek Construction Limited - Accounts to registrar (filleted) - small 18.2

Kennek Construction Limited - Accounts to registrar (filleted) - small 18.2

KENNEK CONSTRUCTION LIMITED - Company Information

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REGISTERED NUMBER: 04274450 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 September 2019

for

Kennek Construction Limited
Kennek Construction Limited (Registered number: 04274450)






Contents of the Financial Statements
for the year ended 30 September 2019




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Kennek Construction Limited

Company Information
for the year ended 30 September 2019







DIRECTORS: P Bradley
K Bradley Jnr
D W Bradley
D Bradley



REGISTERED OFFICE: The Bank Line
Woodbine Street
Hendon
Sunderland
Tyne and Wear
SR1 2NL



REGISTERED NUMBER: 04274450 (England and Wales)



ACCOUNTANTS: TTR Barnes
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG



BANKERS: National Westminster Bank Plc
52 Fawcett Street
Sunderland
Tyne and Wear
SR1 1SB
Page 1
Kennek Construction Limited (Registered number: 04274450)

Statement of Financial Position
30 September 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 105,453 128,551

CURRENT ASSETS
Stocks 5 2,063 1,500
Debtors 6 80,433 74,027
Cash at bank 627,416 606,978
709,912 682,505
CREDITORS
Amounts falling due within one year 7 104,637 101,206
NET CURRENT ASSETS 605,275 581,299
TOTAL ASSETS LESS CURRENT
LIABILITIES
710,728
709,850

PROVISIONS FOR LIABILITIES 16,925 23,103
NET ASSETS 693,803 686,747

CAPITAL AND RESERVES
Called up share capital 40 40
Capital redemption reserve 60 60
Retained earnings 693,703 686,647
SHAREHOLDERS' FUNDS 693,803 686,747

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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 notes form part of these financial statements

Page 2 continued...
Kennek Construction Limited (Registered number: 04274450)

Statement of Financial Position - continued
30 September 2019


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 13 December 2019 and were signed on its behalf
by:




D Bradley - Director



P Bradley - Director


The notes form part of these financial statements

Page 3
Kennek Construction Limited (Registered number: 04274450)

Notes to the Financial Statements
for the year ended 30 September 2019

1. STATUTORY INFORMATION

Kennek Construction 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.

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.

The financial statements have been prepared on the going concern basis, which assumes that the company will
continue in operational existence for the foreseeable future, which the directors consider to be appropriate.

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

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their
settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and
Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

Page 4 continued...
Kennek Construction Limited (Registered number: 04274450)

Notes to the Financial Statements - continued
for the year ended 30 September 2019

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2018 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2018 304,868
Additions 7,092
Disposals (18,909 )
At 30 September 2019 293,051
DEPRECIATION
At 1 October 2018 176,317
Charge for year 29,809
Eliminated on disposal (18,528 )
At 30 September 2019 187,598
NET BOOK VALUE
At 30 September 2019 105,453
At 30 September 2018 128,551

5. STOCKS
2019 2018
£    £   
Stock 2,063 1,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 38,910 26,437
Other debtors 41,523 47,590
80,433 74,027

Page 5 continued...
Kennek Construction Limited (Registered number: 04274450)

Notes to the Financial Statements - continued
for the year ended 30 September 2019

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 28,995 44,465
Taxation and social security 56,226 46,271
Other creditors 19,416 10,470
104,637 101,206

8. OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £10,025.

Page 6