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REGISTERED NUMBER: 04087674 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR


KENT GROUP LIMITED


KENT GROUP LIMITED (REGISTERED NUMBER: 04087674)


CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023











Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

4




KENT GROUP LIMITED


COMPANY INFORMATION

FOR THE YEAR ENDED 31 OCTOBER 2023









DIRECTOR:

P T Datta







REGISTERED OFFICE:

Tk House


Old Homesdale Road


Bromley


Kent


BR2 9SP







REGISTERED NUMBER:

04087674 (England and Wales)







ACCOUNTANTS:

Chapmans


Chartered Accountants


9 Churchill Court


58 Station Road


North Harrow


HA2 7SA


KENT GROUP LIMITED (REGISTERED NUMBER: 04087674)


BALANCE SHEET

31 OCTOBER 2023



2023

2022



Notes

£   

£   

£   

£   


FIXED ASSETS

Intangible assets

4

1


1



Tangible assets

5

168,655


163,604



168,656


163,605




CURRENT ASSETS

Stocks

208,180


24,833



Debtors

6

58,014


175,666



Cash at bank

210,628


287,034



476,822


487,533



CREDITORS

Amounts falling due within one year

7

202,037


193,823



NET CURRENT ASSETS

274,785


293,710



TOTAL ASSETS LESS CURRENT

LIABILITIES

443,441


457,315




CAPITAL AND RESERVES

Called up share capital

8

2


2



Capital redemption reserve

9

1


1



Retained earnings

9

443,438


457,312



SHAREHOLDERS' FUNDS

443,441


457,315




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


The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.


KENT GROUP LIMITED (REGISTERED NUMBER: 04087674)


BALANCE SHEET - continued

31 OCTOBER 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 29 July 2024 and were signed by:






P T Datta - Director



KENT GROUP LIMITED (REGISTERED NUMBER: 04087674)


NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023



1.

STATUTORY INFORMATION



Kent Group 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.


Goodwill


Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of ten years.  



Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.


Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.  



Stocks

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


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 4 (2022 - 1 ) .


KENT GROUP LIMITED (REGISTERED NUMBER: 04087674)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2023



4.

INTANGIBLE FIXED ASSETS


Goodwill

£   



COST


At 1 November 2022


and 31 October 2023

17,850




AMORTISATION


At 1 November 2022


and 31 October 2023

17,849




NET BOOK VALUE


At 31 October 2023

1




At 31 October 2022

1




5.

TANGIBLE FIXED ASSETS


Fixtures



Short


and



leasehold


fittings


Totals

£   

£   

£   



COST


At 1 November 2022

64,989


98,615


163,604




Additions

-


28,051


28,051




At 31 October 2023

64,989


126,666


191,655




DEPRECIATION


Charge for year

-


23,000


23,000




At 31 October 2023

-


23,000


23,000




NET BOOK VALUE


At 31 October 2023

64,989


103,666


168,655




At 31 October 2022

64,989


98,615


163,604




6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Debtors

56,832


87,560




Other debtors

-


88,106




VAT

1,182


-



58,014


175,666




KENT GROUP LIMITED (REGISTERED NUMBER: 04087674)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2023



7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Trade creditors

81,831


89,270




Tax

(4,621

)

(4,621

)



Social security and other taxes

682


-




Other creditors

120,145


109,174




Accrued expenses

4,000


-



202,037


193,823




8.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

2023

2022



value:

£   

£   



2

Ordinary

£1

2


2




9.

RESERVES


Capital



Retained


redemption



earnings


reserve


Totals

£   

£   

£   




At 1 November 2022

457,312


1


457,313




Deficit for the year

(13,874

)

(13,874

)



At 31 October 2023

443,438


1


443,439




10.

DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES



The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:


2023

2022


£   

£   



P T Datta


Balance outstanding at start of year

(105,174

)

(74,174

)



Amounts advanced

29


-




Amounts repaid

(15,000

)

(31,000

)



Amounts written off

-


-




Amounts waived

-


-




Balance outstanding at end of year

(120,145

)

(105,174

)



11.

RELATED PARTY DISCLOSURES



During the year the company had a management charge of £15,000 (2022: £25,000) from Vikas Buying Group, a business owned by the shareholders of the company.


KENT GROUP LIMITED (REGISTERED NUMBER: 04087674)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2023



12.

ULTIMATE CONTROLLING PARTY



The company is controlled by the director and his family by virtue of a controlling interest of 100% of the issued share capital.