ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

KENNEDY SOLUTIONS LIMITED - Company Information

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Caseware UK (AP4) 2018.0.196 2018.0.196 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseNo description of principal activityfalse2019-01-01 08578984 2019-01-01 2019-12-31 08578984 2018-01-01 2018-12-31 08578984 2019-12-31 08578984 2018-12-31 08578984 c:Director1 2019-01-01 2019-12-31 08578984 c:Director2 2019-01-01 2019-12-31 08578984 c:RegisteredOffice 2019-01-01 2019-12-31 08578984 d:OfficeEquipment 2019-01-01 2019-12-31 08578984 d:OfficeEquipment 2019-12-31 08578984 d:OfficeEquipment 2018-12-31 08578984 d:CurrentFinancialInstruments 2019-12-31 08578984 d:CurrentFinancialInstruments 2018-12-31 08578984 d:CurrentFinancialInstruments d:WithinOneYear 2019-12-31 08578984 d:CurrentFinancialInstruments d:WithinOneYear 2018-12-31 08578984 d:ShareCapital 2019-12-31 08578984 d:ShareCapital 2018-12-31 08578984 d:RetainedEarningsAccumulatedLosses 2019-12-31 08578984 d:RetainedEarningsAccumulatedLosses 2018-12-31 08578984 c:FRS102 2019-01-01 2019-12-31 08578984 c:AuditExemptWithAccountantsReport 2019-01-01 2019-12-31 08578984 c:FullAccounts 2019-01-01 2019-12-31 08578984 c:PrivateLimitedCompanyLtd 2019-01-01 2019-12-31 iso4217:GBP xbrli:pure

Registered number: 08578984










Kennedy Solutions Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 December 2019
 
Kennedy Solutions Limited
 

Company Information


Directors
Mr George Kennedy 
Mrs Christine Kennedy 




Registered number
08578984



Registered office
Deepwell House
Chilham Castle Estate

Canterbury

CT4 8DB




Accountants
Kreston Reeves LLP
Chartered Accountants

37 St Margaret's Street

Canterbury

Kent

CT1 2TU




 
Kennedy Solutions Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Kennedy Solutions Limited for the year ended 31 December 2019

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kennedy Solutions Limited for the year ended 31 December 2019 which comprise the Balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/ members/regulations-standards-and-guidance/.

This report is made solely to the Board of directors of Kennedy Solutions Limited, as a body, in accordance with the terms of our engagement letter dated 23 February 2017. Our work has been undertaken solely to prepare for your approval the financial statements of Kennedy Solutions Limited and state those matters that we have agreed to state to the Board of directors of Kennedy Solutions Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kennedy Solutions Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Kennedy Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kennedy Solutions Limited. You consider that Kennedy Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Kennedy Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
 
Chartered Accountants
  
37 St Margaret's Street
Canterbury
Kent
CT1 2TU
17 February 2020
Page 1
 
Kennedy Solutions Limited
Registered number: 08578984

Balance sheet
As at 31 December 2019

2019
2018
Note
£
£

Fixed assets
  

Tangible assets
 4 
4
4

  
4
4

Current assets
  

Debtors: amounts falling due within one year
 5 
230,000
16,482

Cash at bank and in hand
  
967
221,886

  
230,967
238,368

Creditors: amounts falling due within one year
 6 
(4,039)
(900)

Net current assets
  
 
 
226,928
 
 
237,468

Total assets less current liabilities
  
226,932
237,472

  

Net assets
  
226,932
237,472


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
226,930
237,470

  
226,932
237,472


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 February 2020.




Mr George Kennedy
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2
 
Kennedy Solutions Limited
 

 
Notes to the financial statements
For the year ended 31 December 2019

1.


General information

Kennedy Solutions Limited is a private company limited by shares which was incorporated in England and Wales.
The company’s registered office is Deepwell House, Chilham Castle Estate, Canterbury, Kent, CT4 8DB. 
The financial statements are presented in pound Sterling, and rounded to the nearest pound.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

 
2.3

Taxation

Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

Page 3
 
Kennedy Solutions Limited
 

 
Notes to the financial statements
For the year ended 31 December 2019

2.Accounting policies (continued)

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2018 - 2).

Page 4
 
Kennedy Solutions Limited
 

 
Notes to the financial statements
For the year ended 31 December 2019

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2019
2,740



At 31 December 2019

2,740



Depreciation


At 1 January 2019
2,736



At 31 December 2019

2,736



Net book value



At 31 December 2019
4



At 31 December 2018
4


5.


Debtors

2019
2018
£
£


Other debtors
230,000
16,482



6.


Creditors: Amounts falling due within one year

2019
2018
£
£

Corporation tax
1,724
-

Other creditors
1,415
-

Accruals and deferred income
900
900

4,039
900



Page 5