Registered number
01271995
J.A. Kent Services (East Midlands) Limited
Filleted Accounts
31 July 2023
J.A. Kent Services (East Midlands) Limited
Report to the directors on the preparation of the unaudited statutory accounts of J.A. Kent Services (East Midlands) Limited for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of J.A. Kent Services (East Midlands) Limited for the year ended 31 July 2023 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Poole & Co
Chartered Certified Accountants
6a George Street
Hockley
Nottingham
NG1 3BE
12 April 2024
J.A. Kent Services (East Midlands) Limited
Registered number: 01271995
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,123,377 1,007,827
Current assets
Stocks 592,437 589,145
Debtors 4 566,484 440,455
Cash at bank and in hand 56,136 117,885
1,215,057 1,147,485
Creditors: amounts falling due within one year 5 (358,928) (238,621)
Net current assets 856,129 908,864
Total assets less current liabilities 1,979,506 1,916,691
Creditors: amounts falling due after more than one year 6 (179,529) (236,578)
Provisions for liabilities (95,379) (62,290)
Net assets 1,704,598 1,617,823
Capital and reserves
Called up share capital 250 250
Share premium 999,850 999,850
Profit and loss account 704,498 617,723
Shareholders' funds 1,704,598 1,617,823
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 12 April 2024
J A Kent
Director
J.A. Kent Services (East Midlands) Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Not depreciated
Plant and machinery 15% on reducing balance
Motor vehicles 25% on reducing balance
Computer equipment 10% - 33% on reducing balance
The policy of not depreciating freehold buildings does not comply with current accounting standards. However, an impairment review is undertaken each year, and in the opinion of the directors, the current value of land and buildings is not less than their original cost at which they are included in the financial statements.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Long term contracts
Amounts recoverable on long term contracts, which are included in debtors, are stated at net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on accounts. Excess progress payments are included in creditors as payments on accounts.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 29 29
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 August 2022 662,378 578,725 344,969 1,586,072
Additions 79,842 74,799 52,945 207,586
Disposals - (66,578) (10,955) (77,533)
At 31 July 2023 742,220 586,946 386,959 1,716,125
Depreciation
At 1 August 2022 - 381,297 196,948 578,245
Charge for the year - 34,748 39,466 74,214
On disposals - (50,554) (9,157) (59,711)
At 31 July 2023 - 365,491 227,257 592,748
Net book value
At 31 July 2023 742,220 221,455 159,702 1,123,377
At 31 July 2022 662,378 197,428 148,021 1,007,827
4 Debtors 2023 2022
£ £
Trade debtors 544,053 338,515
Corporation tax recoverable - 34,110
Other debtors 22,431 67,830
566,484 440,455
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 50,000 50,000
Obligations under finance lease and hire purchase contracts 38,534 34,455
Trade creditors 161,387 82,747
Corporation tax payable 15,938 410
Other taxation and social security costs 77,671 59,735
Directors' current account 854 -
Other creditors 14,544 11,274
358,928 238,621
Hire purchase liabilities are secured on the assets to which they relate.
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 120,833 170,833
Obligations under finance lease and hire purchase contracts 58,696 65,745
179,529 236,578
Hire purchase liabilities are secured on the assets to which they relate.
7 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases - 1,022
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
J A Kent
Current account 49,564 22,190 (72,608) (854)
49,564 22,190 (72,608) (854)
9 Related party transactions
During the year the company paid £24,000 rent (2022 - £Nil) to Mrs M H Kent, a director, for the use of land and buildings.
10 Controlling party
The company is a wholly owned subsidiary of Kent Family Holdings Ltd whose registered office is 'Chestnut Farmhouse, Chestnut Lane, Barton in Fabis, Nottingham, NG11 0AE'.

The company is under the control of its directors.
11 Other information
J.A. Kent Services (East Midlands) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Chestnut Farmhouse
Chestnut Lane
Barton in Fabis
Nottingham
NG11 0AE
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