K DUNMORE REFRIGERATION LIMITED
K DUNMORE REFRIGERATION LIMITED
Company No:
K DUNMORE REFRIGERATION LIMITED
Unaudited Financial Statements
For the financial year ended 30 September 2022
Pages for filing with the registrar
For the financial year ended 30 September 2022
Pages for filing with the registrar
Unaudited Financial Statements
Contents
COMPANY INFORMATION
COMPANY INFORMATION (continued)
DIRECTORS | C Dunmore |
K Dunmore |
SECRETARY | C Dunmore |
REGISTERED OFFICE | Lowin House |
Tregolls road | |
Truro | |
United Kingdom |
BUSINESS ADDRESS | Unit 1 |
Victoria Business Park | |
Roche | |
Cornwall | |
PL26 8LG |
COMPANY NUMBER | 05914880 (England and Wales) |
CHARTERED ACCOUNTANTS | Francis Clark LLP |
Lowin House | |
Tregolls Road | |
Truro | |
Cornwall TR1 2NA |
BALANCE SHEET
BALANCE SHEET (continued)
Note | 2022 | 2021 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 4 |
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235,747 | 222,983 | |||
Current assets | ||||
Stocks | 5 |
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Debtors | 6 |
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Cash at bank and in hand | 7 |
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299,141 | 261,143 | |||
Creditors: amounts falling due within one year | 8 | (
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Net current assets | 48,149 | 37,392 | ||
Total assets less current liabilities | 283,896 | 260,375 | ||
Creditors: amounts falling due after more than one year | 9 | (
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Provision for liabilities | 10 | (
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Net assets |
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Capital and reserves | ||||
Called-up share capital | 11 |
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Profit and loss account |
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Total shareholders' funds |
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Directors' responsibilities:
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The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476; -
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; and -
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.
The financial statements of K Dunmore Refrigeration Limited (registered number:
C Dunmore
Director |
NOTES TO THE FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS
1. Accounting policies
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
General information and basis of accounting
K Dunmore Refrigeration Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls road, Truro, United Kingdom. The principal place of business is Unit 1, Victoria Business Park, Roche, Cornwall, PL26 8LG.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.
Turnover
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Taxation
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.
Intangible assets
Goodwill |
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Goodwill
Tangible fixed assets
Land and buildings | not depreciated |
Plant and machinery | 15 -
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Vehicles |
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Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
Stocks
Financial instruments
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Provisions
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.
2. Employees
2022 | 2021 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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3. Intangible assets
Goodwill | Total | ||
£ | £ | ||
Cost | |||
At 01 October 2021 |
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At 30 September 2022 |
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Accumulated amortisation | |||
At 01 October 2021 |
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At 30 September 2022 |
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Net book value | |||
At 30 September 2022 |
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At 30 September 2021 |
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4. Tangible assets
Land and buildings | Plant and machinery | Vehicles | Total | ||||
£ | £ | £ | £ | ||||
Cost | |||||||
At 01 October 2021 |
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Additions |
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Disposals |
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At 30 September 2022 |
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Accumulated depreciation | |||||||
At 01 October 2021 |
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Charge for the financial year |
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Disposals |
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At 30 September 2022 |
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Net book value | |||||||
At 30 September 2022 |
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At 30 September 2021 |
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5. Stocks
2022 | 2021 | ||
£ | £ | ||
Stocks |
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Work in progress |
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6. Debtors
2022 | 2021 | ||
£ | £ | ||
Trade debtors |
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Other debtors |
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7. Cash and cash equivalents
2022 | 2021 | ||
£ | £ | ||
Cash at bank and in hand |
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8. Creditors: amounts falling due within one year
2022 | 2021 | ||
£ | £ | ||
Bank loans |
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Trade creditors |
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Corporation tax |
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Other taxation and social security |
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Obligations under finance leases and hire purchase contracts |
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Other creditors |
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9. Creditors: amounts falling due after more than one year
2022 | 2021 | ||
£ | £ | ||
Bank loans |
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Obligations under finance leases and hire purchase contracts |
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Other creditors |
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131,871 | 139,065 |
10. Provision for liabilities
2022 | 2021 | ||
£ | £ | ||
Deferred tax |
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11. Called-up share capital
2022 | 2021 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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