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Kent Home Improvements (Swale) Limited
Registered Number:00950990
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
Kent Home Improvements (Swale) Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
00950990
As at 31 March 2023
Kent Home Improvements (Swale) Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
127,355
166,899
2
127,355
166,899
Current assets
Inventories
153,518
91,326
3
Trade and other receivables
385,039
313,690
4
10,207
Cash and cash equivalents
63,967
468,983
548,764
Trade and other payables: amounts falling due within one year
(521,689)
(381,368)
5
27,075
87,615
Net current assets
Total assets less current liabilities
214,970
193,974
Trade and other payables: amounts falling due after more than
one year
(43,815)
(22,500)
6
192,470
Net assets
150,159
Capital and reserves
Called up share capital
7,900
7,900
Retained earnings
184,570
142,259
192,470
150,159
Shareholders' funds
For the year ended 31 March 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 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 proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr William Frederick Callow Director
These financial statements were approved and authorised for issue by the Board on 23 November 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2023
Kent Home Improvements (Swale) Limited
Notes to the Financial Statements
Statutory Information
Kent Home Improvements (Swale) Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 00950990.
Principal place of business:
13 Stanley Avenue
Minster
Sheppey
Kent
ME12 2EY
Registered address:
3 Conqueror Court
Sittingbourne
Kent
ME10 5BH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 ''The
Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
15% per annum on cost
33% per annum on cost
Computer Equipment
15% per annum on cost
Motor Vehicles
33% per annum on cost
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 31 March 2023
Kent Home Improvements (Swale) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
£
£
£
£
£
Cost or valuation
At 01 April 2022
662,299
21,312
3,618
41,500
595,869
6,258
6,258
-
-
-
Additions
At 31 March 2023
41,500
3,618
27,570
668,557
595,869
Provision for depreciation and impairment
At 01 April 2022
495,400
19,328
3,618
6,225
466,229
Charge for year
45,802
3,336
-
6,225
36,241
At 31 March 2023
541,202
22,664
3,618
12,450
502,470
At 31 March 2023
Net book value
93,399
29,050
-
4,906
127,355
At 31 March 2022
129,640
35,275
-
1,984
166,899
3. Inventories
2022
2023
£
£
Stocks
91,326
153,518
4. Trade and other receivables
2022
2023
£
£
Trade debtors
312,192
230,870
Amounts owed by group undertakings and participating interests
-
150,000
Other debtors
1,498
4,169
385,039
313,690
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6
For the year ended 31 March 2023
Kent Home Improvements (Swale) Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
10,000
11,164
Trade creditors
145,608
129,410
Amounts owed to group undertaking and undertaking in which the company has a
participating interest
150,000
300,000
Taxation and social security
29,367
32,647
Other creditors
46,393
48,468
381,368
521,689
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
22,500
31,286
Other creditors
-
12,529
22,500
43,815
7. Average number of persons employed
During the year the average number of employees was 12 (2022 : 12)
8. Parent-subsidiary relationship
The company is a wholly owned subsidiary of Bespoke Affordable Kitchens Limited (company number 07584198). This is a company registered in Enland and Wales with the registered office address of 3 Conqueror Court, Sittingbourne, Kent, ME10 5BH. It's principal place of business is Tileworks, Borough Road, Queenborough, Kent, ME11 5DN.
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