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REGISTERED NUMBER: 02201692 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024

FOR

KEVIN THOMAS & COMPANY LIMITED

KEVIN THOMAS & COMPANY LIMITED (REGISTERED NUMBER: 02201692)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KEVIN THOMAS & COMPANY LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024







DIRECTOR: K G Thomas





REGISTERED OFFICE: 61 Berwick Avenue
Chelmsford
Essex
CM1 4AW





REGISTERED NUMBER: 02201692 (England and Wales)





ACCOUNTANTS: Advanta
Chartered Accountants
29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU

KEVIN THOMAS & COMPANY LIMITED (REGISTERED NUMBER: 02201692)

BALANCE SHEET
31 MARCH 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17 22

CURRENT ASSETS
Debtors 5 - 29,644
Cash at bank 33 48,114
33 77,758
CREDITORS
Amounts falling due within one year 6 173,624 138,538
NET CURRENT LIABILITIES (173,591 ) (60,780 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(173,574

)

(60,758

)

CREDITORS
Amounts falling due after more than one
year

7

-

78,584
NET LIABILITIES (173,574 ) (139,342 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (173,576 ) (139,344 )
SHAREHOLDERS' FUNDS (173,574 ) (139,342 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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.

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 14 August 2024 and were signed by:





K G Thomas - Director


KEVIN THOMAS & COMPANY LIMITED (REGISTERED NUMBER: 02201692)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024


1. STATUTORY INFORMATION

Kevin Thomas & Company 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

Going concern
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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise, and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover
Turnover represents profits and losses from trading in financial futures and options.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 25% on reducing balance
Furniture,fittings & equipment - 25% on reducing balance
Computer equipment - Over 3 years

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

KEVIN THOMAS & COMPANY LIMITED (REGISTERED NUMBER: 02201692)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant & Furniture,fittings Computer
machinery & equipment equipment Totals
£    £    £    £   
COST
At 1 October 2022
and 31 March 2024 10,590 159 2,445 13,194
DEPRECIATION
At 1 October 2022 10,590 137 2,445 13,172
Charge for period - 5 - 5
At 31 March 2024 10,590 142 2,445 13,177
NET BOOK VALUE
At 31 March 2024 - 17 - 17
At 30 September 2022 - 22 - 22

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Deferred tax asset - 29,644

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Other creditors 99 -
Credit card - 1,640
Directors' current accounts 172,661 135,794
Accrued expenses 864 1,104
173,624 138,538

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2022
£    £   
Other creditors - 78,584

8. DEFERRED TAX
£   
Balance at 1 October 2022 (29,644 )
Charge to Income Statement during period 29,644
Balance at 31 March 2024 -

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K G Thomas.