Company Registration No. 2830425 (England and Wales)
Kent Flush Doors & Joinery Limited
Unaudited accounts
for the year ended 31 July 2023
Kent Flush Doors & Joinery Limited
Unaudited accounts
Contents
Kent Flush Doors & Joinery Limited
Company Information
for the year ended 31 July 2023
Directors
Robert Foster
Fiona Foster
Company Number
2830425 (England and Wales)
Registered Office
76 Glebe Lane
Barming
Maidstone
Kent
ME16 9BD
United Kingdom
Accountants
Bowyer Pounds & Co
76 Glebe Lane
Barming
Maidstone
Kent
ME16 9BD
Kent Flush Doors & Joinery Limited
Statement of financial position
as at 31 July 2023
Tangible assets
98,150
93,315
Cash at bank and in hand
721,316
349,885
Creditors: amounts falling due within one year
(489,444)
(230,926)
Net current assets
1,306,588
874,476
Total assets less current liabilities
1,404,738
967,791
Provisions for liabilities
Deferred tax
(24,538)
(17,730)
Net assets
1,380,200
950,061
Called up share capital
250
250
Profit and loss account
1,379,950
949,811
Shareholders' funds
1,380,200
950,061
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by
Robert Foster
Director
Company Registration No. 2830425
Kent Flush Doors & Joinery Limited
Notes to the Accounts
for the year ended 31 July 2023
Kent Flush Doors & Joinery Limited is a private company, limited by shares, registered in England and Wales, registration number 2830425. The registered office is 76 Glebe Lane, Barming, Maidstone, Kent, ME16 9BD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance basis
Motor vehicles
25% reducing balance basis
Fixtures & fittings
25% reducing balance basis
Computer equipment
25% reducing balance basis
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Kent Flush Doors & Joinery Limited
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2022
214,334
33,250
13,280
14,770
275,634
Additions
11,581
-
14,835
-
26,416
At 31 July 2023
225,915
33,250
28,115
14,770
302,050
At 1 August 2022
153,869
8,313
10,721
9,416
182,319
Charge for the year
10,373
6,234
3,635
1,339
21,581
At 31 July 2023
164,242
14,547
14,356
10,755
203,900
At 31 July 2023
61,673
18,703
13,759
4,015
98,150
At 31 July 2022
60,465
24,937
2,559
5,354
93,315
Amounts falling due within one year
Trade debtors
296,178
97,943
Amounts due from group undertakings etc.
705,559
602,859
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
254,883
153,460
Taxes and social security
226,602
67,450
Other creditors
2,435
5,752
Loans from directors
744
369
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Average number of employees
During the year the average number of employees was 14 (2022: 14).