Earl Kendrick Associates (North) Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 11569464 (England and Wales)

EARL KENDRICK ASSOCIATES (NORTH) LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A J Banister

J E K Davies

REGISTERED OFFICE:

2nd Floor, One Hobbs House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

REGISTERED NUMBER:

11569464 (England and Wales)

ACCOUNTANTS:

Albury Associates Limited

2nd Floor, One Hobbs House,

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Tangible assets

4

-

153

CURRENT ASSETS

Debtors

5

148,885

105,524

Cash at bank

59,683

33,826

208,568

139,350

CREDITORS

Amounts falling due within one year

6

149,649

101,606

NET CURRENT ASSETS

58,919

37,744

TOTAL ASSETS LESS CURRENT LIABILITIES

58,919

37,897

CREDITORS

Amounts falling due after more than one year

7

18,283

25,118

NET ASSETS

40,636

12,779

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

9

39,636

11,779

SHAREHOLDERS' FUNDS

40,636

12,779

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 21 September 2023 and were signed on its behalf by:

J E K Davies - Director

A J Banister - Director

1.	STATUTORY INFORMATION

Earl Kendrick Associates (North) 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.

Turnover

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

Turnover represents rendering of services to customers in the United Kingdom. Revenues are recognised when surveying services are provided to the customers.

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 etc

-

Straight line over 3 years

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.

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 5 (2021 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2022

and 31 December 2022

1,578

DEPRECIATION

At 1 January 2022

1,425

Charge for year

153

At 31 December 2022

1,578

NET BOOK VALUE

At 31 December 2022

-

At 31 December 2021

153

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

94,209

72,079

Amounts owed by associates

31,798

22,842

Other debtors

22,878

10,603

148,885

105,524

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

7,177

7,177

Trade creditors

24,340

2,828

Amounts owed to associates

56,028

28,388

Taxation and social security

37,508

36,480

Other creditors

24,596

26,733

149,649

101,606

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

18,283

25,118

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

150

Ordinary A Shares

£1

150

150

850

Ordinary B Shares

£1

850

850

1,000

1,000

All Ordinary shares rank pari passu, other than in relation to the distribution of dividends.

9.

RESERVES

Retained

earnings

£

At 1 January 2022

11,779

Profit for the year

88,357

Dividends

(60,500

)

At 31 December 2022

39,636

10.	RELATED PARTY DISCLOSURES

At the year-end date, included within debtors, is an amount of £31,798 (2021: £22,842) owed by related entities in which Mr J Davies has beneficial interest.

These amounts are unsecured, interest free and repayable on demand.

At the year-end date, included within creditors, amounts falling due within one year, is an amount of £56,028 (2021: £28,388) owed to related entities in which Mr J Davies has beneficial interest.

At the year-end date, included within debtors, amounts falling due within one year, is an amount of £16,289 (2021: £18,756) owed to the director Mr A J Banister.

These amounts are unsecured, interest free and payable on demand.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is A J Banister.

The ultimate controlling party is J E K Davies by virtue of his shareholdings in the holding company. The holding company is Earl Kendrick Associates Limited, a company registered in England.