London & Kent Electrical Ltd |
Registered Number:02770562 |
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2023
London & Kent Electrical Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
London & Kent Electrical Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
105,800
96,647
2
105,800
96,647
486,000
505,000
3
Trade and other receivables |
554,427
545,641
4
863,730
Cash and cash equivalents |
917,437
1,968,078
1,904,157
Trade and other payables: amounts falling due within one |
year |
(525,267)
(514,267)
5
1,378,890
1,453,811
Net current assets
Total assets less current liabilities |
1,559,611
1,475,537
(750)
(750)
Provisions for liabilities |
1,558,861
Net assets
1,474,787
100
100
1,558,761
1,474,687
1,558,861
1,474,787
Shareholders' funds
For the 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 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 proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 15 August 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 December 2023
London & Kent Electrical Ltd
Notes to the Financial Statements
Statutory Information
London & Kent Electrical Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 02770562. |
Wycross
Ashen Grove
East Hill, Kemsing
Kent
TN15 6YE
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and buildings
Computer equipment
Motor vehicles
Fixtures and fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
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For the year ended 31 December 2023
London & Kent Electrical Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
245,447
75,886
8,772
55,179
105,610
27,088
-
-
27,088
-
82,267
8,772
75,886
272,535
105,610
Provision for depreciation and impairment |
148,800
75,533
7,910
19,669
45,688
Charge for year
17,935
88
86
15,649
2,112
166,735
75,621
7,996
35,318
47,800
57,810
46,949
776
265
105,800
59,922
35,510
862
353
96,647
2022
2023
505,000
486,000
4. Trade and other receivables |
2022
2023
545,641
554,427
5. Trade and other payables: amounts falling due within one year |
2022
2023
398,918
405,907
Taxation and social security |
103,302
87,666
12,047
31,694
514,267
525,267
6. Average number of persons employed |
During the year the average number of employees was 8 (2022 : 8)
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