Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 01381285 Mr Lee Batson Mr Steven Booker Mrs Kandy Booker Miss Jadie Booker Mr Antony Booker Mr Matthew Booker Mrs Kandy Booker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01381285 2022-12-31 01381285 2023-12-31 01381285 2023-01-01 2023-12-31 01381285 frs-core:CurrentFinancialInstruments 2023-12-31 01381285 frs-core:Non-currentFinancialInstruments 2023-12-31 01381285 frs-core:BetweenOneFiveYears 2023-12-31 01381285 frs-core:ComputerEquipment 2023-12-31 01381285 frs-core:ComputerEquipment 2023-01-01 2023-12-31 01381285 frs-core:ComputerEquipment 2022-12-31 01381285 frs-core:FurnitureFittings 2023-12-31 01381285 frs-core:FurnitureFittings 2023-01-01 2023-12-31 01381285 frs-core:FurnitureFittings 2022-12-31 01381285 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 01381285 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 01381285 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 01381285 frs-core:MotorVehicles 2023-12-31 01381285 frs-core:MotorVehicles 2023-01-01 2023-12-31 01381285 frs-core:MotorVehicles 2022-12-31 01381285 frs-core:PlantMachinery 2023-12-31 01381285 frs-core:PlantMachinery 2023-01-01 2023-12-31 01381285 frs-core:PlantMachinery 2022-12-31 01381285 frs-core:WithinOneYear 2023-12-31 01381285 frs-core:RevaluationReserve 2022-12-31 01381285 frs-core:RevaluationReserve 2023-12-31 01381285 frs-core:ShareCapital 2023-12-31 01381285 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 01381285 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01381285 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 01381285 frs-bus:SmallEntities 2023-01-01 2023-12-31 01381285 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01381285 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01381285 frs-bus:Director1 2023-01-01 2023-12-31 01381285 frs-bus:Director2 2023-01-01 2023-12-31 01381285 frs-bus:Director3 2023-01-01 2023-12-31 01381285 frs-bus:Director4 2023-01-01 2023-12-31 01381285 frs-bus:Director5 2023-01-01 2023-12-31 01381285 frs-bus:Director6 2023-01-01 2023-12-31 01381285 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 01381285 frs-countries:EnglandWales 2023-01-01 2023-12-31 01381285 2021-12-31 01381285 2022-12-31 01381285 2022-01-01 2022-12-31 01381285 frs-core:CurrentFinancialInstruments 2022-12-31 01381285 frs-core:Non-currentFinancialInstruments 2022-12-31 01381285 frs-core:BetweenOneFiveYears 2022-12-31 01381285 frs-core:WithinOneYear 2022-12-31 01381285 frs-core:RevaluationReserve 2022-12-31 01381285 frs-core:ShareCapital 2022-12-31 01381285 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 01381285
Kentec Tool Hire Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 01381285
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 190,757 129,757
190,757 129,757
CURRENT ASSETS
Stocks 5 49,818 45,188
Debtors 6 69,286 122,140
Cash at bank and in hand 18,847 51,102
137,951 218,430
Creditors: Amounts Falling Due Within One Year 7 (90,178 ) (130,635 )
NET CURRENT ASSETS (LIABILITIES) 47,773 87,795
TOTAL ASSETS LESS CURRENT LIABILITIES 238,530 217,552
Creditors: Amounts Falling Due After More Than One Year 8 (6,152 ) (15,018 )
NET ASSETS 232,378 202,534
CAPITAL AND RESERVES
Called up share capital 10 1,050 1,050
Revaluation reserve 11 17,943 17,943
Profit and Loss Account 213,385 183,541
SHAREHOLDERS' FUNDS 232,378 202,534
Page 1
Page 2
For the year ending 31 December 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Steven Booker
Director
19th April 2024
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Kentec Tool Hire Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01381285 . The registered office is Unit 6 Ton 100 Park, , Morley Road, Tonbridge, Kent, TN9 1RA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Straight line over 15 years
Plant & Machinery Straight line over 6 years with 15% residual value
Motor Vehicles Straight line over 6 years
Fixtures & Fittings Straight line over 4 years
Computer Equipment Straight line over 2 years
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2022: 8)
8 8
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2023 56,731 509,644 60,314 40,105
Additions - 27,732 - -
Disposals - (1,224 ) - -
As at 31 December 2023 56,731 536,152 60,314 40,105
Depreciation
As at 1 January 2023 20,369 451,666 25,219 39,989
...CONTINUED
Page 4
Page 5
Provided during the period 4,097 (47,911 ) 9,679 65
Disposals - (584 ) - -
As at 31 December 2023 24,466 403,171 34,898 40,054
Net Book Value
As at 31 December 2023 32,265 132,981 25,416 51
As at 1 January 2023 36,362 57,978 35,095 116
Computer Equipment Total
£ £
Cost
As at 1 January 2023 11,524 678,318
Additions - 27,732
Disposals - (1,224 )
As at 31 December 2023 11,524 704,826
Depreciation
As at 1 January 2023 11,318 548,561
Provided during the period 162 (33,908 )
Disposals - (584 )
As at 31 December 2023 11,480 514,069
Net Book Value
As at 31 December 2023 44 190,757
As at 1 January 2023 206 129,757
5. Stocks
2023 2022
£ £
Stock 49,818 45,188
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 54,764 104,903
Other debtors 14,522 17,237
69,286 122,140
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 8,865 8,342
Trade creditors 45,418 64,093
Other creditors 23,843 41,380
Taxation and social security 12,052 16,820
90,178 130,635
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 6,152 15,018
6,152 15,018
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,865 8,342
Later than one year and not later than five years 6,152 15,018
15,017 23,360
15,017 23,360
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,050 1,050
Page 6
Page 7
2023
2022
No.
£
No.
£
Ordinary A of £1 each
588
588
588
588
Ordinary B of £1 each
178
178
178
178
Ordinary C of £1 each
284
image
284
image
284
image
284
image
1,050
image
1,050
image
1,050
image
1,050
image
11. Reserves
Revaluation Reserve
£
As at 1 January 2023 17,943
As at 31 December 2023 17,943
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