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REGISTERED NUMBER: 07205742 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

KENT TACKLE (HAWKHURST) LIMITED

KENT TACKLE (HAWKHURST) LIMITED (REGISTERED NUMBER: 07205742)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

KENT TACKLE (HAWKHURST) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: B J Hubble
K Muzeen





REGISTERED OFFICE: 20 Havelock Road
Hastings
East Sussex
TN34 1BP





REGISTERED NUMBER: 07205742 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

KENT TACKLE (HAWKHURST) LIMITED (REGISTERED NUMBER: 07205742)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 35,699 33,778
35,699 33,778

CURRENT ASSETS
Stocks 335,000 430,000
Debtors 6 490,129 484,644
Cash at bank and in hand 27,847 5,716
852,976 920,360
CREDITORS
Amounts falling due within one year 7 198,076 231,799
NET CURRENT ASSETS 654,900 688,561
TOTAL ASSETS LESS CURRENT
LIABILITIES

690,599

722,339

CREDITORS
Amounts falling due after more than one
year

8

(226,641

)

(284,934

)

PROVISIONS FOR LIABILITIES (6,783 ) (6,418 )
NET ASSETS 457,175 430,987

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 457,075 430,887
SHAREHOLDERS' FUNDS 457,175 430,987

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

KENT TACKLE (HAWKHURST) LIMITED (REGISTERED NUMBER: 07205742)

BALANCE SHEET - continued
31 MARCH 2023


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 31 October 2023 and were signed on its behalf by:





B J Hubble - Director


KENT TACKLE (HAWKHURST) LIMITED (REGISTERED NUMBER: 07205742)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Kent Tackle (Hawkhurst) 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.

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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

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.

KENT TACKLE (HAWKHURST) LIMITED (REGISTERED NUMBER: 07205742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 10,000
AMORTISATION
At 1 April 2022
and 31 March 2023 10,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 8,353 43,057 40,913 23,498 115,821
Additions - 5,534 2,058 1,833 9,425
At 31 March 2023 8,353 48,591 42,971 25,331 125,246
DEPRECIATION
At 1 April 2022 7,165 23,945 28,621 22,312 82,043
Charge for year 178 4,778 1,948 600 7,504
At 31 March 2023 7,343 28,723 30,569 22,912 89,547
NET BOOK VALUE
At 31 March 2023 1,010 19,868 12,402 2,419 35,699
At 31 March 2022 1,188 19,112 12,292 1,186 33,778

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 485,820 482,368
Prepayments 4,309 2,276
490,129 484,644

KENT TACKLE (HAWKHURST) LIMITED (REGISTERED NUMBER: 07205742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,649 10,000
Hire purchase contracts (see note 9) 2,455 7,365
Trade creditors 63,768 121,974
Tax 13,093 43,347
Social security and other taxes 3,225 4,554
VAT 14,169 13,872
Other creditors - 20,000
Directors' current accounts 87,915 8,073
Accrued expenses 2,802 2,614
198,076 231,799

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 10,648 10,000
Bank loans - 2-5 years 15,993 26,865
Hire purchase contracts (see note 9) - 3,069
Directors Loan 200,000 245,000
226,641 284,934

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.23 31.3.22
£    £   
Net obligations repayable:
Within one year 2,455 7,365
Between one and five years - 3,069
2,455 10,434

Non-cancellable operating leases
31.3.23 31.3.22
£    £   
Within one year 25,413 25,412
Between one and five years 25,413 50,824
50,826 76,236

KENT TACKLE (HAWKHURST) LIMITED (REGISTERED NUMBER: 07205742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

10. RELATED PARTY DISCLOSURES

As at the balance sheet date the company owed £287,915 (2022 - £253,073) to its directors which is split as follows:

Short Term2023 2022

Ben Hubble£87,915£8,073
Total Short Term£87,915£8,073

Long Term

Ben Hubble£200,000£245,000
Total Long Term£200,000£245,000

The loan has no terms attached.

As at the balance sheet date the company was owed £485,820 (2022 £482,368) by ET Pursuits Ltd, a company which Mr Hubble is a joint director and 50% shareholder. This loan has no terms attached.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
KENT TACKLE (HAWKHURST) LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kent Tackle (Hawkhurst) Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Kent Tackle (Hawkhurst) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kent Tackle (Hawkhurst) Limited and state those matters that we have agreed to state to the Board of Directors of Kent Tackle (Hawkhurst) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kent Tackle (Hawkhurst) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kent Tackle (Hawkhurst) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kent Tackle (Hawkhurst) Limited. You consider that Kent Tackle (Hawkhurst) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kent Tackle (Hawkhurst) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP


1 November 2023