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REGISTERED NUMBER: 01060333 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023

FOR

KENT FRUIT SERVICES (JAN VOGELAAR)
LIMITED

KENT FRUIT SERVICES (JAN VOGELAAR)
LIMITED (REGISTERED NUMBER: 01060333)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KENT FRUIT SERVICES (JAN VOGELAAR)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: P K Kelly
Mrs. E K Vogelaar-Kelly





SECRETARY: Mrs. E K Vogelaar-Kelly





REGISTERED OFFICE:
Walnut Tree Farm
Chapel Lane
Blean, Canterbury
Kent
CT2 9HE





REGISTERED NUMBER: 01060333 (England and Wales)





ACCOUNTANTS: Spain Brothers & Co
Chartered Accountants
Westgate House
87 St Dunstans Street
Canterbury
Kent
CT2 8AE

KENT FRUIT SERVICES (JAN VOGELAAR)
LIMITED (REGISTERED NUMBER: 01060333)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 201,927 125,708
Investments 5 9,429 9,429
211,356 135,137

CURRENT ASSETS
Stocks 6 111,057 73,956
Debtors 7 585,546 294,207
Cash at bank and in hand 784,337 1,009,970
1,480,940 1,378,133
CREDITORS
Amounts falling due within one year 8 516,804 297,004
NET CURRENT ASSETS 964,136 1,081,129
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,175,492

1,216,266

PROVISIONS FOR LIABILITIES 21,135 4,978
NET ASSETS 1,154,357 1,211,288

CAPITAL AND RESERVES
Called up share capital 4,200 4,200
Revaluation reserve 10 65,536 65,536
Retained earnings 1,084,621 1,141,552
SHAREHOLDERS' FUNDS 12 1,154,357 1,211,288

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

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

KENT FRUIT SERVICES (JAN VOGELAAR)
LIMITED (REGISTERED NUMBER: 01060333)

BALANCE SHEET - continued
30TH JUNE 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 2nd February 2024 and were signed on its behalf by:





P K Kelly - Director


KENT FRUIT SERVICES (JAN VOGELAAR)
LIMITED (REGISTERED NUMBER: 01060333)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023


1. STATUTORY INFORMATION

Kent Fruit Services (Jan Vogelaar) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The company's functional currency is the Pound Sterling (£).

The company's principal activity was that of supplying horticultural and agricultural machinery to the fruit farming industry.

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 as modified by the revaluation of certain assets.

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

The policies adopted for the recognition of turnover are as follows:

Sale of goods
Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Government Grants
Government grants have been received by the company in the year. Grant income is not recognised until there is reasonable assurance that the entity will adhere to the conditions which are attached to the grant. There must also be reasonable assurance that the grant will be received by the entity in order to recognise the grant in the financial statements,

The accounting policy for recognising grant income adopted by the company is the accrual model:-

Revenue-based grant
Grant monies receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the company with no future related costs have been recognised in the period in which they are received or become receivable.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and
accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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

KENT FRUIT SERVICES (JAN VOGELAAR)
LIMITED (REGISTERED NUMBER: 01060333)

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


2. ACCOUNTING POLICIES - continued

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs.
Subsequently, they are measured at fair value through the profit and loss if the shares are publicly traded or their fair value can be measured reliably.

The fair value is ascertained from the market value of the investments at year end.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

KENT FRUIT SERVICES (JAN VOGELAAR)
LIMITED (REGISTERED NUMBER: 01060333)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1st July 2022 100,000 41,965 44,179 186,144
Additions 17,387 6,233 62,066 85,686
Disposals - (2,244 ) (281 ) (2,525 )
At 30th June 2023 117,387 45,954 105,964 269,305
DEPRECIATION
At 1st July 2022 - 38,157 22,279 60,436
Charge for year - 2,151 6,934 9,085
Eliminated on disposal - (1,865 ) (278 ) (2,143 )
At 30th June 2023 - 38,443 28,935 67,378
NET BOOK VALUE
At 30th June 2023 117,387 7,511 77,029 201,927
At 30th June 2022 100,000 3,808 21,900 125,708

Cost or valuation at 30th June 2023 is represented by:

Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
Valuation in 1996 30,356 - - 30,356
Valuation in 2015 35,180 - - 35,180
Cost 51,851 45,954 105,964 203,769
117,387 45,954 105,964 269,305

If freehold property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 51,851 34,464

Freehold property was valued on an open market basis on 30th June 2017 by the directors .

KENT FRUIT SERVICES (JAN VOGELAAR)
LIMITED (REGISTERED NUMBER: 01060333)

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


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st July 2022
and 30th June 2023 9,429
NET BOOK VALUE
At 30th June 2023 9,429
At 30th June 2022 9,429

Cost or valuation at 30th June 2023 is represented by:

Other
investments
£   
Valuation in 2015 (5,656 )
Valuation in 2016 170
Valuation in 2017 425
Valuation in 2018 170
Valuation in 2019 (255 )
Valuation in 2020 (170 )
Valuation in 2021 (170 )
Valuation in 2022 (85 )
Cost 15,000
9,429

The investments above represent the market value of a Holiday Property Bond from HPB Assurance Ltd (formerly Isle of Man Assurance Ltd).
The bond and bid offer prices at the balance sheet date were 48p and 63p respectively.

6. STOCKS
2023 2022
£    £   
Stocks 111,057 73,956

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 571,988 282,397
Other debtors 400 1,650
VAT 1,147 -
Prepayments 12,011 10,160
585,546 294,207

KENT FRUIT SERVICES (JAN VOGELAAR)
LIMITED (REGISTERED NUMBER: 01060333)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 135,564 218,267
Tax (154 ) 46,884
VAT - 5,692
Other creditors 109,111 -
Directors' current accounts 10,789 15,241
Accrued expenses 22,323 10,920
Deferred income and deposits in advance 239,171 -
516,804 297,004

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 2,438 4,407

10. RESERVES
Revaluation
reserve
£   
At 1st July 2022
and 30th June 2023 65,536

11. OTHER FINANCIAL COMMITMENTS

Pension
The company contributes to personal pension plans for each individual employee. The amount outstanding at year end amounted to £Nil (2022: £1,106).

12. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
2023 2022
£    £   
(Loss)/profit for the financial year (12,780 ) 199,565
Dividends (44,151 ) (91,355 )
Net (reduction)/addition to shareholders' funds (56,931 ) 108,210
Opening shareholders' funds 1,211,288 1,103,078
Closing shareholders' funds 1,154,357 1,211,288