Kempowell Holdings Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12346389 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Kempowell Holdings Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Directors:

P N Kemp

M T Powell

Registered office:

Unit 3a

Foley Works

Foley Trading Estate

Hereford

HR1 2SF

Registered number:

12346389 (England and Wales)

Accountants:

Acre Accountancy Limited

Unit 2 Foley Works

Foley Industrial Estate

Hereford

Herefordshire

HR1 2SF

FIXED ASSETS

Tangible assets

4

250,714

375

Investments

5

100

100

250,814

475

CURRENT ASSETS

Cash at bank

1,622

-

CREDITORS

Amounts falling due within one year

33,982

2,310

NET CURRENT LIABILITIES

(32,360

)

(2,310

)

TOTAL ASSETS LESS CURRENT LIABILITIES

218,454

(1,835

)

CREDITORS

Amounts falling due after more than one year

67,847

-

NET ASSETS/(LIABILITIES)

150,607

(1,835

)

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

150,507

(1,935

)

SHAREHOLDERS' FUNDS

150,607

(1,835

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2021 and were signed on its behalf by:

M T Powell - Director

1.	STATUTORY INFORMATION

Kempowell Holdings 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss, 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.

Financial instruments

Ordinary shares are classified as equity. Dividends payable on ordinary shares are recognised in equity in the period in which they are declared. The transaction costs of an equity transaction, other than in the context of a business combination are accounted for as a deduction from equity, net of tax.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

Cost

At 1 April 2020

375

Additions

250,339

At 31 March 2021

250,714

Net book value

At 31 March 2021

250,714

At 31 March 2020

375

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

Cost

At 1 April 2020

and 31 March 2021

100

Net book value

At 31 March 2021

100

At 31 March 2020

100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Kempowell Electrical Services Limited

Registered office: Inside the United Kingdom

Nature of business: Electrical Contractors

%

Class of shares:

holding

Ordinary A

92.40

Ordinary B

1.90

31/3/21

31/3/20

£

£

Aggregate capital and reserves

400,953

488,707

Profit for the year

193,679

188,585

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

98

Ordinary A

£1

98

98

2

Ordinary B

£1

2

2

100

100