Kenfig Hill Limited Filleted accounts for Companies House (small and micro)

KENFIG HILL LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 11278968

Kenfig Hill Limited

Filleted Unaudited Financial Statements

31 July 2023

Kenfig Hill Limited

Statement of Financial Position

31 July 2023

	2023	2022
Note	£	£

Current assets

Debtors	5	165,500	30,500
Cash at bank and in hand		513	154,727
		---------	---------
		166,013	185,227

Creditors: amounts falling due within one year	6	133,855	147,144
		---------	---------
Net current assets		32,158	38,083
		--------	--------
Total assets less current liabilities		32,158	38,083

Creditors: amounts falling due after more than one year	7	34,206	36,385
		--------	--------
Net (liabilities)/assets		( 2,048)	1,698
		--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 2,148)	1,598
	-------	-------
Shareholders (deficit)/funds	( 2,048)	1,698
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 10 April 2024 , and are signed on behalf of the board by:

Mr J S Tal
Director

Company registration number: 11278968

Kenfig Hill Limited

Notes to the Financial Statements

Year ended 31 July 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Agincourt Villas, Uxbridge Road, Hillingdon, Middlesex, UB10 0NX.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	20% reducing balance

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2022: 13 ).

5. Debtors

	2023	2022
	£	£
Other debtors	165,500	30,500
	---------	--------

6. Creditors: amounts falling due within one year

	2023	2022
	£	£
Bank loans and overdrafts	11,009	10,648
Corporation tax	–	2,822
Social security and other taxes	–	8,937
Other creditors	122,846	124,737
	---------	---------
	133,855	147,144
	---------	---------

7. Creditors: amounts falling due after more than one year

	2023	2022
	£	£
Bank loans and overdrafts	34,206	36,385
	--------	--------

8. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2023
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr J S Tal	( 110,262)	17,585	( 92,677)
	---------	--------	--------

	2022
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr J S Tal	( 1,011)	( 109,251)	( 110,262)
	-------	---------	---------