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REGISTERED NUMBER: 02342236 (England and Wales)















MID KENT WINDOWS LIMITED

Unaudited Financial Statements

For The Year Ended 30 April 2024






MID KENT WINDOWS LIMITED (REGISTERED NUMBER: 02342236)

Contents of the Financial Statements
For The Year Ended 30 April 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MID KENT WINDOWS LIMITED

Company Information
For The Year Ended 30 April 2024







DIRECTORS: Mr K A Wells
Mr S A Wells
Mrs S J Salsbury





SECRETARY: Mrs C Wells





REGISTERED OFFICE: Satellite Works
Swain Road
St Michaels
Tenterden
Kent
TN30 6SH





REGISTERED NUMBER: 02342236 (England and Wales)





ACCOUNTANTS: Hilden Park Accountants Limited
Hilden Park House
79 Tonbridge Road
Hildenborough
Tonbridge
Kent
TN11 9BH

MID KENT WINDOWS LIMITED (REGISTERED NUMBER: 02342236)

Abridged Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 789,462 821,338

CURRENT ASSETS
Stocks 79,865 97,017
Debtors 23,828 15,262
Cash at bank and in hand 444,165 436,392
547,858 548,671
CREDITORS
Amounts falling due within one year 128,523 109,033
NET CURRENT ASSETS 419,335 439,638
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,208,797

1,260,976

PROVISIONS FOR LIABILITIES 5 38,588 41,002
NET ASSETS 1,170,209 1,219,974

CAPITAL AND RESERVES
Called up share capital 560 560
Capital redemption reserve 440 440
Retained earnings 1,169,209 1,218,974
SHAREHOLDERS' FUNDS 1,170,209 1,219,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MID KENT WINDOWS LIMITED (REGISTERED NUMBER: 02342236)

Abridged Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 August 2024 and were signed on its behalf by:





Mr K A Wells - Director


MID KENT WINDOWS LIMITED (REGISTERED NUMBER: 02342236)

Notes to the Financial Statements
For The Year Ended 30 April 2024


1. STATUTORY INFORMATION

Mid Kent Windows 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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, net of discounts and value added taxes, in relation to the sale of glazed windows and window installation services. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Turnover in relation to the sale of windows is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. If the company is also contracted to install the windows, this is usually on completion of the installation.

Turnover from the provision of installation services is recognised according to the stage of completion of the installation.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Short leasehold - 10% on cost
Plant and machinery - 20% on cost
Motor vehicles - 25% on reducing balance

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

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.


MID KENT WINDOWS LIMITED (REGISTERED NUMBER: 02342236)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued
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 17 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 1,396,547
Disposals (12,595 )
At 30 April 2024 1,383,952
DEPRECIATION
At 1 May 2023 575,209
Charge for year 31,167
Eliminated on disposal (11,886 )
At 30 April 2024 594,490
NET BOOK VALUE
At 30 April 2024 789,462
At 30 April 2023 821,338

5. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 7,126 9,877
Warranty and rectification provisions 31,462 31,125
38,588 41,002

MID KENT WINDOWS LIMITED (REGISTERED NUMBER: 02342236)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024


5. PROVISIONS FOR LIABILITIES - continued

Deferred Other
tax provisions
£    £   
Balance at 1 May 2023 9,877 31,125
Provided during year (2,751 ) 337
Balance at 30 April 2024 7,126 31,462