Kenway Construction Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 05135011

Unaudited Financial Statements for the Year Ended 31 December 2022

for

Kenway Construction Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W Dewsbury

K Dewsbury

SECRETARY:

K Dewsbury

REGISTERED OFFICE:

6 Southdown Drive

Loughborough

Leics

LE11 3TE

REGISTERED NUMBER:

05135011

ACCOUNTANTS:

Elverstone Large Ltd

Chartered Certified Accountants

Temple Chambers

16a Belvoir Road

Coalville

Leics

LE67 3QE

FIXED ASSETS

Tangible assets

4

52,768

57,838

CURRENT ASSETS

Stocks

6,711

7,344

Debtors

5

151,243

58,481

157,954

65,825

CREDITORS

Amounts falling due within one year

6

156,871

91,774

NET CURRENT ASSETS/(LIABILITIES)

1,083

(25,949

)

TOTAL ASSETS LESS CURRENT LIABILITIES

53,851

31,889

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

53,751

31,789

SHAREHOLDERS' FUNDS

53,851

31,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2023 and were signed on its behalf by:

W Dewsbury - Director

1.	STATUTORY INFORMATION

Kenway Construction Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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.

Motor vehicles 25% reducing balance

Plant and machinery 15% reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2022

226,165

Additions

7,800

At 31 December 2022

233,965

DEPRECIATION

At 1 January 2022

168,327

Charge for year

12,870

At 31 December 2022

181,197

NET BOOK VALUE

At 31 December 2022

52,768

At 31 December 2021

57,838

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

146,132

58,481

Other debtors

5,111

-

151,243

58,481

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

16,818

5,770

Trade creditors

117,963

58,545

Taxation and social security

20,976

23,394

Other creditors

1,114

4,065

156,871

91,774