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REGISTERED NUMBER: 04565825 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

KEMP'S ACCOUNTING SOLUTIONS LIMITED

KEMP'S ACCOUNTING SOLUTIONS LIMITED (REGISTERED NUMBER: 04565825)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEMP'S ACCOUNTING SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: H C Kemp



REGISTERED OFFICE: 42A High Street
Broadstairs
Kent
CT10 1JT



REGISTERED NUMBER: 04565825 (England and Wales)



ACCOUNTANTS: Kemps Accounting Solutions Limited
Chartered Accountants
42A High Street
Broadstairs
Kent
CT10 1JT



BANKERS: LloydsTSB Plc
3 Queen Street
Ramsgate
Kent
CT11 9DL

KEMP'S ACCOUNTING SOLUTIONS LIMITED (REGISTERED NUMBER: 04565825)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,470 17,119

CURRENT ASSETS
Debtors 5 156,820 196,707
Cash at bank and in hand 177,517 84,479
334,337 281,186
CREDITORS
Amounts falling due within one year 6 127,751 104,324
NET CURRENT ASSETS 206,586 176,862
TOTAL ASSETS LESS CURRENT
LIABILITIES

217,056

193,981

CREDITORS
Amounts falling due after more than one year 7 (15,852 ) (26,963 )

PROVISIONS FOR LIABILITIES (2,743 ) (2,318 )
NET ASSETS 198,461 164,700

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 198,361 164,600
SHAREHOLDERS' FUNDS 198,461 164,700

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KEMP'S ACCOUNTING SOLUTIONS LIMITED (REGISTERED NUMBER: 04565825)

BALANCE SHEET - continued
31 DECEMBER 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 director and authorised for issue on 5 March 2024 and were signed by:





H C Kemp - Director


KEMP'S ACCOUNTING SOLUTIONS LIMITED (REGISTERED NUMBER: 04565825)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Kemp's Accounting Solutions 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 etc - 25% on cost and 10% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 11 ) .

KEMP'S ACCOUNTING SOLUTIONS LIMITED (REGISTERED NUMBER: 04565825)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 66,241
DEPRECIATION
At 1 January 2023 49,122
Charge for year 6,649
At 31 December 2023 55,771
NET BOOK VALUE
At 31 December 2023 10,470
At 31 December 2022 17,119

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 142,386 148,436
Other debtors 14,434 48,271
156,820 196,707

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 11,000 11,000
Trade creditors 5,637 -
Taxation and social security 80,849 63,091
Other creditors 30,265 30,233
127,751 104,324

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 15,852 26,963