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REGISTERED NUMBER: 12636038 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

CHARLES PITON (LONDON & KENT) LIMITED

CHARLES PITON (LONDON & KENT) LIMITED (REGISTERED NUMBER: 12636038)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHARLES PITON (LONDON & KENT) LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: W H P Charles
B Foster
Mrs H Foster
Mrs R C H Charles
Miss O S M Charles





REGISTERED OFFICE: 100 Church Street
Brighton
East Sussex
BN1 1UJ





REGISTERED NUMBER: 12636038 (England and Wales)





ACCOUNTANTS: Paddenburg & Co Limited
100 Church Street
Brighton
East Sussex
BN1 1UJ

CHARLES PITON (LONDON & KENT) LIMITED (REGISTERED NUMBER: 12636038)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,250 23,250
Tangible assets 5 147,839 112,898
162,089 136,148

CURRENT ASSETS
Debtors 6 368,285 305,144
Cash at bank and in hand 328,626 101,932
696,911 407,076
CREDITORS
Amounts falling due within one year 7 413,884 238,607
NET CURRENT ASSETS 283,027 168,469
TOTAL ASSETS LESS CURRENT
LIABILITIES

445,116

304,617

CREDITORS
Amounts falling due after more than one
year

8

(68,402

)

(51,587

)

PROVISIONS FOR LIABILITIES 9 (37,061 ) (21,451 )
NET ASSETS 339,653 231,579

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 339,553 231,479
SHAREHOLDERS' FUNDS 339,653 231,579

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

CHARLES PITON (LONDON & KENT) LIMITED (REGISTERED NUMBER: 12636038)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





W H P Charles - Director


CHARLES PITON (LONDON & KENT) LIMITED (REGISTERED NUMBER: 12636038)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Charles Piton (London & Kent) 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 2020, is being amortised evenly over its estimated useful life of five 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

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.

CHARLES PITON (LONDON & KENT) LIMITED (REGISTERED NUMBER: 12636038)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 45,000
AMORTISATION
At 1 January 2023 21,750
Amortisation for year 9,000
At 31 December 2023 30,750
NET BOOK VALUE
At 31 December 2023 14,250
At 31 December 2022 23,250

CHARLES PITON (LONDON & KENT) LIMITED (REGISTERED NUMBER: 12636038)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 97,415 - 71,789 4,702 173,906
Additions 23,218 2,100 52,564 1,530 79,412
Disposals - - (3,650 ) (4,702 ) (8,352 )
At 31 December 2023 120,633 2,100 120,703 1,530 244,966
DEPRECIATION
At 1 January 2023 33,227 - 25,409 2,372 61,008
Charge for year 19,061 350 20,645 275 40,331
Eliminated on disposal - - (1,840 ) (2,372 ) (4,212 )
At 31 December 2023 52,288 350 44,214 275 97,127
NET BOOK VALUE
At 31 December 2023 68,345 1,750 76,489 1,255 147,839
At 31 December 2022 64,188 - 46,380 2,330 112,898

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 40,297 57,639 97,936
Additions - 52,564 52,564
At 31 December 2023 40,297 110,203 150,500
DEPRECIATION
At 1 January 2023 8,529 18,279 26,808
Charge for year 7,943 19,340 27,283
At 31 December 2023 16,472 37,619 54,091
NET BOOK VALUE
At 31 December 2023 23,825 72,584 96,409
At 31 December 2022 31,768 39,360 71,128

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 191,494 75,411
Other debtors 175,365 228,307
Prepayments 1,426 1,426
368,285 305,144

CHARLES PITON (LONDON & KENT) LIMITED (REGISTERED NUMBER: 12636038)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 25,713 16,033
Trade creditors 99,254 58,798
Tax 29,913 16,445
Social security and other taxes 12,863 6,180
VAT 50,986 27,543
Charles Piton Limited 166,322 88,582
Other creditors 2,502 1,331
Accrued expenses 26,331 23,695
413,884 238,607

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 68,402 51,587

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 37,061 21,451

Deferred
tax
£   
Balance at 1 January 2023 21,451
Accelerated capital allowances 15,610
Balance at 31 December 2023 37,061

10. RELATED PARTY DISCLOSURES

In the year under review, the company purchased services totalling £184,543 (2022: £31,298) from
Carter Revivals Limited.

The companies are under the control of the same parties and traded on normal commercial terms.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is W H P Charles.