Company registration number 11020154 (England and Wales)
MID KENT PET FOODS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
MID KENT PET FOODS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
MID KENT PET FOODS LIMITED (REGISTERED NUMBER: 11020154)
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
26,248
31,369
Current assets
Stocks
253,169
196,149
Debtors
4
16,263
17,403
Cash at bank and in hand
129,318
147,156
398,750
360,708
Creditors: amounts falling due within one year
5
(187,607)
(193,221)
Net current assets
211,143
167,487
Total assets less current liabilities
237,391
198,856
Provisions for liabilities
(6,023)
(5,879)
Net assets
231,368
192,977
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
231,268
192,877
Total equity
231,368
192,977

The director of the company has 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 director acknowledges his 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.

MID KENT PET FOODS LIMITED (REGISTERED NUMBER: 11020154)
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2023
31 December 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 28 June 2024
Mr K J Clements
Director
MID KENT PET FOODS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
1
Accounting policies
Company information

Mid Kent Pet Foods Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suite 2, Second Floor North, The Fitted Rigging House, Anchor Wharf, The Historic Dockyard, Chatham, Kent, ME4 4TZ.

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 director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of consideration received or receivable for the goods 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. The following criteria must also be met before turnover is recognised.

Sale of goods:

Turnover for the sale of goods is recognised when all of the following conditions are met:

- The company has transferred the significant risks and rewards of ownership to the buyer;

- the amount of turnover can be recognised reliably and;

- It is probable that the company will receive the consideration due under the transaction.    

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 equipment
25% reducing balance
Fixtures and fittings
25% reducing balance
Computers
25% reducing balance
Motor vehicles
25% 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.

MID KENT PET FOODS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 4 -
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.

 

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
9
7
MID KENT PET FOODS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2023
20,038
31,419
2,356
2,000
55,813
Additions
3,437
-
0
-
0
-
0
3,437
At 31 December 2023
23,475
31,419
2,356
2,000
59,250
Depreciation and impairment
At 1 January 2023
1,737
20,548
792
1,367
24,444
Depreciation charged in the year
5,291
2,718
391
158
8,558
At 31 December 2023
7,028
23,266
1,183
1,525
33,002
Carrying amount
At 31 December 2023
16,447
8,153
1,173
475
26,248
At 31 December 2022
18,301
10,871
1,564
633
31,369
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
16,263
17,403
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
3,996
32,990
Taxation and social security
29,061
14,320
Other creditors
154,550
145,911
187,607
193,221
2023-12-312023-01-01false28 June 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityK J Clements Esqfalsefalse110201542023-01-012023-12-31110201542023-12-31110201542022-12-3111020154core:PlantMachinery2023-12-3111020154core:FurnitureFittings2023-12-3111020154core:ComputerEquipment2023-12-3111020154core:MotorVehicles2023-12-3111020154core:PlantMachinery2022-12-3111020154core:FurnitureFittings2022-12-3111020154core:ComputerEquipment2022-12-3111020154core:MotorVehicles2022-12-3111020154core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3111020154core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3111020154core:CurrentFinancialInstruments2023-12-3111020154core:CurrentFinancialInstruments2022-12-3111020154core:ShareCapital2023-12-3111020154core:ShareCapital2022-12-3111020154core:RetainedEarningsAccumulatedLosses2023-12-3111020154core:RetainedEarningsAccumulatedLosses2022-12-3111020154bus:Director12023-01-012023-12-3111020154core:PlantMachinery2023-01-012023-12-3111020154core:FurnitureFittings2023-01-012023-12-3111020154core:ComputerEquipment2023-01-012023-12-3111020154core:MotorVehicles2023-01-012023-12-31110201542022-01-012022-12-3111020154core:PlantMachinery2022-12-3111020154core:FurnitureFittings2022-12-3111020154core:ComputerEquipment2022-12-3111020154core:MotorVehicles2022-12-31110201542022-12-3111020154core:WithinOneYear2023-12-3111020154core:WithinOneYear2022-12-3111020154bus:PrivateLimitedCompanyLtd2023-01-012023-12-3111020154bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3111020154bus:FRS1022023-01-012023-12-3111020154bus:AuditExemptWithAccountantsReport2023-01-012023-12-3111020154bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP