Company Registration No. 04304099 (England and Wales)
Kent Drywall Solutions Limited
Unaudited accounts
for the year ended 31 January 2023
Kent Drywall Solutions Limited
Unaudited accounts
Contents
Kent Drywall Solutions Limited
Company Information
for the year ended 31 January 2023
Company Number
04304099 (England and Wales)
Registered Office
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Accountants
Clayton Stirling
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Kent Drywall Solutions Limited
Statement of financial position
as at 31 January 2023
Tangible assets
1,708
2,278
Cash at bank and in hand
778
3,619
Creditors: amounts falling due within one year
(26,761)
(25,738)
Net current liabilities
(19,826)
(15,679)
Net liabilities
(18,118)
(13,401)
Called up share capital
2
2
Profit and loss account
(18,120)
(13,403)
Shareholders' funds
(18,118)
(13,401)
For the year ending 31 January 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 director acknowledges his 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 and authorised for issue on 17 October 2023 and were signed on its behalf by
L Watts
Director
Company Registration No. 04304099
Kent Drywall Solutions Limited
Notes to the Accounts
for the year ended 31 January 2023
Kent Drywall Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 04304099. The registered office is 123 Cross Lane East, Gravesend, Kent, DA12 5HA.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
25% reducing balance basis
Computer equipment
25% straight line 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 completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The financial statements have been prepared on a going concern basis as the directors have indicated they will continue to provide finance to meet ongoing costs.
Kent Drywall Solutions Limited
Notes to the Accounts
for the year ended 31 January 2023
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2022
7,200
372
7,572
At 31 January 2023
7,200
372
7,572
At 1 February 2022
4,922
372
5,294
Charge for the year
570
-
570
At 31 January 2023
5,492
372
5,864
At 31 January 2023
1,708
-
1,708
At 31 January 2022
2,278
-
2,278
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
25,083
24,919
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).