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REGISTERED NUMBER: 07602359 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

KENT AIR CONDITIONING CO LIMITED

KENT AIR CONDITIONING CO LIMITED (REGISTERED NUMBER: 07602359)






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


KENT AIR CONDITIONING CO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr M D Moore
Mrs T I Moore





REGISTERED OFFICE: 86 Bull Lane
Newington
Sittingbourne
Kent
ME9 7NA





REGISTERED NUMBER: 07602359 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL

KENT AIR CONDITIONING CO LIMITED (REGISTERED NUMBER: 07602359)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,906 7,481
Tangible assets 5 23,553 4,726
29,459 12,207

CURRENT ASSETS
Stocks 12,640 1,775
Debtors 6 49,848 38,846
Cash at bank 169,261 219,955
231,749 260,576
CREDITORS
Amounts falling due within one year 7 48,051 38,302
NET CURRENT ASSETS 183,698 222,274
TOTAL ASSETS LESS CURRENT
LIABILITIES

213,157

234,481

CREDITORS
Amounts falling due after more than one
year

8

1,250

-
NET ASSETS 211,907 234,481

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 211,807 234,381
SHAREHOLDERS' FUNDS 211,907 234,481

KENT AIR CONDITIONING CO LIMITED (REGISTERED NUMBER: 07602359)

BALANCE SHEET - continued
31 MARCH 2023


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.

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 30 October 2023 and were signed on its behalf by:





Mr M D Moore - Director


KENT AIR CONDITIONING CO LIMITED (REGISTERED NUMBER: 07602359)

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

1. STATUTORY INFORMATION

Kent Air Conditioning Co 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant & Equipment - 15% on reducing balance
Motor Vans - 25% on reducing balance

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.

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 4 (2022 - 4 ) .

KENT AIR CONDITIONING CO LIMITED (REGISTERED NUMBER: 07602359)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 15,750
AMORTISATION
At 1 April 2022 8,269
Amortisation for year 1,575
At 31 March 2023 9,844
NET BOOK VALUE
At 31 March 2023 5,906
At 31 March 2022 7,481

5. TANGIBLE FIXED ASSETS
Plant & Motor
Equipment Vans Totals
£    £    £   
COST
At 1 April 2022 1,049 11,995 13,044
Additions - 28,245 28,245
Disposals - (7,000 ) (7,000 )
At 31 March 2023 1,049 33,240 34,289
DEPRECIATION
At 1 April 2022 656 7,662 8,318
Charge for year 59 7,836 7,895
Eliminated on disposal - (5,477 ) (5,477 )
At 31 March 2023 715 10,021 10,736
NET BOOK VALUE
At 31 March 2023 334 23,219 23,553
At 31 March 2022 393 4,333 4,726

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade Debtors 45,918 34,116
Other Debtors & Prepayments 3,067 4,730
Corporation Tax Recoverable 863 -
49,848 38,846

KENT AIR CONDITIONING CO LIMITED (REGISTERED NUMBER: 07602359)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 2,500 -
Trade Creditors 33,095 14,367
Corporation Tax - 12,055
Social Security & other Taxes 1,624 319
Vat Creditor 8,467 7,526
Directors' Loan Accounts 76 1,896
Other Creditors & Accruals 2,289 2,139
48,051 38,302

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 1,250 -

9. RESERVES
Retained
earnings
£   

At 1 April 2022 234,381
Profit for the year 13,226
Dividends (35,800 )
At 31 March 2023 211,807