Company registration number 04989557 (England and Wales)
ALL KENT WINDOWS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
ALL KENT WINDOWS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
ALL KENT WINDOWS LIMITED (REGISTERED NUMBER: 04989557)
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
12,737
11,924
Current assets
Stocks
180,000
140,000
Debtors
4
148,978
172,539
Cash at bank and in hand
8
2
328,986
312,541
Creditors: amounts falling due within one year
5
(300,991)
(275,603)
Net current assets
27,995
36,938
Total assets less current liabilities
40,732
48,862
Creditors: amounts falling due after more than one year
6
(21,101)
(28,170)
Provisions for liabilities
(2,367)
Net assets
19,631
18,325
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
19,531
18,225
Total equity
19,631
18,325
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
ALL KENT WINDOWS LIMITED (REGISTERED NUMBER: 04989557)
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2023
31 December 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 7 August 2024 and are signed on its behalf by:
Mr A Pettitt
Director
ALL KENT WINDOWS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
1
Accounting policies
Company information
All Kent Windows Limited is a private company limited by shares incorporated in England and Wales. The registered office is 32 Albert Road, Belvedere, England, DA17 5LJ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
25% on reducing balance
Fixtures, fittings & equipment
25% on reducing balance
Motor vehicles
25% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
ALL KENT WINDOWS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 4 -
1.6
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.7
Taxation
The tax expense represents the tax currently payable and deferred tax.
1.8
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
7
7
3
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2023
2,654
10,612
20,329
33,595
Additions
10,820
10,820
Disposals
(20,329)
(20,329)
At 31 December 2023
2,654
10,612
10,820
24,086
Depreciation and impairment
At 1 January 2023
1,506
8,603
11,562
21,671
Depreciation charged in the year
287
502
451
1,240
Eliminated in respect of disposals
(11,562)
(11,562)
At 31 December 2023
1,793
9,105
451
11,349
Carrying amount
At 31 December 2023
861
1,507
10,369
12,737
At 31 December 2022
1,148
2,009
8,767
11,924
ALL KENT WINDOWS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
59,868
160,361
Other debtors
89,110
12,178
148,978
172,539
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
59,023
12,595
Trade creditors
193,556
218,752
Taxation and social security
40,251
25,701
Other creditors
8,161
18,555
300,991
275,603
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
21,101
28,170
7
Financial commitments, guarantees and contingent liabilities
As at the balance sheet date, there was a bounce back loan of £28,945 (2022: £36,153) from the company's bankers. This is included within creditors within one year and more than one year.
8
Directors' transactions
As at the balance sheet date, there was an overdrawn directors' loan account balance of £33,192 (2022: £nil), this balance is included within other debtors.
This amount includes interest charged totalling £213 (2022: £818).