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REGISTERED NUMBER: 04289461 (England and Wales)















KENTECH ELECTRONIC PRODUCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






KENTECH ELECTRONIC PRODUCTION LIMITED (REGISTERED NUMBER: 04289461)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KENTECH ELECTRONIC PRODUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: D L Kent
Ms H Burke





SECRETARY: D L Kent





REGISTERED OFFICE: 12 Leigh Road
Haine Industrial Park
Ramsgate
Kent
CT12 5EU





REGISTERED NUMBER: 04289461 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

KENTECH ELECTRONIC PRODUCTION LIMITED (REGISTERED NUMBER: 04289461)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 108,330 141,063

CURRENT ASSETS
Stocks 5 84,877 257,975
Debtors 6 206,224 173,458
Cash at bank and in hand 196,947 78,503
488,048 509,936
CREDITORS
Amounts falling due within one year 7 (329,155 ) (380,579 )
NET CURRENT ASSETS 158,893 129,357
TOTAL ASSETS LESS CURRENT
LIABILITIES

267,223

270,420

CREDITORS
Amounts falling due after more than one
year

8

(41,245

)

(94,548

)

PROVISIONS FOR LIABILITIES (20,401 ) (26,581 )
NET ASSETS 205,577 149,291

CAPITAL AND RESERVES
Called up share capital 66 44
Capital redemption reserve 34 60
Retained earnings 205,477 149,187
SHAREHOLDERS' FUNDS 205,577 149,291

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

KENTECH ELECTRONIC PRODUCTION LIMITED (REGISTERED NUMBER: 04289461)

BALANCE SHEET - continued
30 SEPTEMBER 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 6 March 2024 and were signed on its behalf by:





D L Kent - Director


KENTECH ELECTRONIC PRODUCTION LIMITED (REGISTERED NUMBER: 04289461)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

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

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

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

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.

KENTECH ELECTRONIC PRODUCTION LIMITED (REGISTERED NUMBER: 04289461)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2022 - 30 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 October 2022 447,376 46,860 494,236
Additions 1,559 1,921 3,480
At 30 September 2023 448,935 48,781 497,716
DEPRECIATION
At 1 October 2022 312,814 40,359 353,173
Charge for year 34,109 2,104 36,213
At 30 September 2023 346,923 42,463 389,386
NET BOOK VALUE
At 30 September 2023 102,012 6,318 108,330
At 30 September 2022 134,562 6,501 141,063

5. STOCKS
2023 2022
£    £   
Stocks 81,232 256,517
Work-in-progress 3,645 1,458
84,877 257,975

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 196,807 158,120
Tax - 6,765
Prepayments 9,417 8,573
206,224 173,458

KENTECH ELECTRONIC PRODUCTION LIMITED (REGISTERED NUMBER: 04289461)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 43,303 37,429
Trade creditors 139,641 222,704
Corporation Tax 34,539 -
Social security and other taxes 47,188 42,318
Sundry creditors 9,953 20,051
Directors' current accounts 18,907 19,350
Accrued expenses 25,624 28,727
329,155 380,579

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 6,667 16,667
Hire purchase contracts 24,578 67,881
41,245 94,548

9. RELATED PARTY DISCLOSURES

All the directors and shareholders are Related Parties in respect of their control of the company.