IRIS Accounts Production v24.1.0.578 05149514 Board of Directors Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh051495142023-04-30051495142024-04-30051495142023-05-012024-04-30051495142022-04-30051495142022-05-012023-04-30051495142023-04-3005149514ns15:EnglandWales2023-05-012024-04-3005149514ns14:PoundSterling2023-05-012024-04-3005149514ns10:Director12023-05-012024-04-3005149514ns10:Director22023-05-012024-04-3005149514ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3005149514ns10:SmallEntities2023-05-012024-04-3005149514ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3005149514ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3005149514ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3005149514ns10:AbridgedAccounts2023-05-012024-04-3005149514ns10:Director32023-05-012024-04-3005149514ns10:CompanySecretary12023-05-012024-04-3005149514ns10:RegisteredOffice2023-05-012024-04-3005149514ns5:CurrentFinancialInstruments2024-04-3005149514ns5:CurrentFinancialInstruments2023-04-3005149514ns5:Non-currentFinancialInstruments2024-04-3005149514ns5:Non-currentFinancialInstruments2023-04-3005149514ns5:ShareCapital2024-04-3005149514ns5:ShareCapital2023-04-3005149514ns5:RetainedEarningsAccumulatedLosses2024-04-3005149514ns5:RetainedEarningsAccumulatedLosses2023-04-3005149514ns5:PlantMachinery2023-05-012024-04-30
REGISTERED NUMBER: 05149514 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th April 2024

for

Kent Waterjet Cutting Limited

Kent Waterjet Cutting Limited (Registered number: 05149514)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Kent Waterjet Cutting Limited

Company Information
for the Year Ended 30th April 2024







DIRECTORS: Mr M Hodgson
Mr C S Hodgson
Mr P A Roberts





SECRETARY:





REGISTERED OFFICE: 153 Mortimer Street
Herne Bay
Kent
CT6 5HA





REGISTERED NUMBER: 05149514 (England and Wales)





ACCOUNTANTS: CWW Accountants
153 Mortimer Street
Herne Bay
Kent
CT6 5HA

Kent Waterjet Cutting Limited (Registered number: 05149514)

Abridged Balance Sheet
30th April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,383 90,871

CURRENT ASSETS
Stocks 8,620 11,000
Debtors 30,438 33,213
39,058 44,213
CREDITORS
Amounts falling due within one year 56,264 43,165
NET CURRENT (LIABILITIES)/ASSETS (17,206 ) 1,048
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,177

91,919

CREDITORS
Amounts falling due after more than one
year

5

40,180

56,581
NET ASSETS 10,997 35,338

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 10,895 35,236
SHAREHOLDERS' FUNDS 10,997 35,338

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 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.

Kent Waterjet Cutting Limited (Registered number: 05149514)

Abridged Balance Sheet - continued
30th April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 27th September 2024 and were signed on its behalf by:




Mr M Hodgson - Director



Mr C S Hodgson - Director


Kent Waterjet Cutting Limited (Registered number: 05149514)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

Kent Waterjet Cutting 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

Kent Waterjet Cutting Limited (Registered number: 05149514)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1st May 2023
and 30th April 2024 394,443
DEPRECIATION
At 1st May 2023 303,572
Charge for year 22,488
At 30th April 2024 326,060
NET BOOK VALUE
At 30th April 2024 68,383
At 30th April 2023 90,871

Cost or valuation at 30th April 2024 is represented by:

Totals
£   
Valuation in 2024 394,443

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
30.4.24 30.4.23
£    £   
Repayable by instalments
Bank loans more 5 yr by instal - 34,024

6. RELATED PARTY DISCLOSURES

The company was under the control of the directors in the current and previous year.