2023-01-01 02770562 2023-12-31 02770562 2023-01-01 2023-12-31 02770562 2022-12-31 02770562 2022-01-01 2022-12-31 02770562 uk-core:WithinOneYear 2022-12-31 02770562 uk-core:WithinOneYear 2023-12-31 02770562 uk-core:ShareCapital 2023-12-31 02770562 uk-core:ShareCapital 2022-12-31 02770562 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 02770562 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 02770562 uk-bus:Director1 2023-01-01 2023-12-31 02770562 uk-core:Buildings 2023-01-01 2023-12-31 02770562 uk-core:OfficeEquipment 2023-01-01 2023-12-31 02770562 uk-core:VehiclesPlantMachinery 2023-01-01 2023-12-31 02770562 uk-core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 02770562 uk-core:OfficeEquipment 2022-12-31 02770562 uk-core:FurnitureFittingsToolsEquipment 2022-12-31 02770562 uk-core:VehiclesPlantMachinery 2022-12-31 02770562 uk-core:Buildings 2022-12-31 02770562 uk-core:VehiclesPlantMachinery 2023-12-31 02770562 uk-core:FurnitureFittingsToolsEquipment 2023-12-31 02770562 uk-core:OfficeEquipment 2023-12-31 02770562 uk-core:Buildings 2023-12-31 iso4217:GBP xbrli:pure 02770562 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 02770562 uk-bus:FRS102 2023-01-01 2023-12-31 02770562 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 02770562 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
London & Kent Electrical Ltd
Registered Number:02770562
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
02770562
As at 31 December 2023
London & Kent Electrical Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
105,800
96,647
2
105,800
96,647
Current assets
Inventories
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
Capital and reserves
Called up share capital
100
100
Retained earnings
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.
S J Glover Director
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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4
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.
Registered address:
Wycross
Ashen Grove
East Hill, Kemsing
Kent
TN15 6YE
The presentation currency is £ sterling.
1. Accounting policies
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
12% Straight line
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
10% Reducing balance
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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5
For the year ended 31 December 2023
London & Kent Electrical Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Land and
buildings
£
£
£
£
£
Cost or
valuation
At 01 January 2023
245,447
75,886
8,772
55,179
105,610
27,088
-
-
27,088
-
Additions
At 31 December 2023
82,267
8,772
75,886
272,535
105,610
Provision for depreciation and impairment
At 01 January 2023
148,800
75,533
7,910
19,669
45,688
Charge for year
17,935
88
86
15,649
2,112
At 31 December 2023
166,735
75,621
7,996
35,318
47,800
At 31 December 2023
Net book value
57,810
46,949
776
265
105,800
At 31 December 2022
59,922
35,510
862
353
96,647
3. Inventories
2022
2023
£
£
Stocks
505,000
486,000
4. Trade and other receivables
2022
2023
£
£
Trade debtors
545,641
554,427
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
398,918
405,907
Taxation and social security
103,302
87,666
Other creditors
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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