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Registered number: 08046527
Kent Asphalt Ltd
Financial Statements
For The Year Ended 30 April 2024
Apex Partners LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08046527
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 89,133 76,324
89,133 76,324
CURRENT ASSETS
Debtors 5 358,156 574,187
Cash at bank and in hand 1,252,207 1,007,164
1,610,363 1,581,351
Creditors: Amounts Falling Due Within One Year 6 (252,380 ) (215,365 )
NET CURRENT ASSETS (LIABILITIES) 1,357,983 1,365,986
TOTAL ASSETS LESS CURRENT LIABILITIES 1,447,116 1,442,310
NET ASSETS 1,447,116 1,442,310
CAPITAL AND RESERVES
Called up share capital 7 200 200
Capital redemption reserve 200 200
Profit and Loss Account 1,446,716 1,441,910
SHAREHOLDERS' FUNDS 1,447,116 1,442,310
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
K Salisbury
Director
26th September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Kent Asphalt Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08046527 . The registered office is Hildenbrook House, The Slade, Tonbridge, Kent, TN9 1HR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight Line
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 3)
4 3
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 23,615 158,017 10,399 7,315 199,346
Additions - 38,899 3,261 525 42,685
As at 30 April 2024 23,615 196,916 13,660 7,840 242,031
Depreciation
As at 1 May 2023 8,567 106,722 1,540 6,193 123,022
Provided during the period 5,549 22,549 1,366 412 29,876
As at 30 April 2024 14,116 129,271 2,906 6,605 152,898
Net Book Value
As at 30 April 2024 9,499 67,645 10,754 1,235 89,133
As at 1 May 2023 15,048 51,295 8,859 1,122 76,324
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 154,217 306,780
Amounts recoverable on contracts 125,452 161,565
Prepayments and accrued income - 5,588
Other debtors 50,000 30,000
Deferred tax current asset - 2,154
VAT 28,487 41,278
Other taxes and social security - 26,822
358,156 574,187
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 165,996 134,309
Corporation tax 76,625 77,245
Other taxes and social security 8,772 -
Net wages - 3,807
Director's loan account 987 4
252,380 215,365
Page 4
Page 5
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 5