Kent PHK Limited
Report and Financial Statements
31 January 2024
Registered number
02214532
Kent PHK Limited
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Strategic report 4
Independent auditor's report 5
Income statement 8
Statement of financial position 9
Statement of changes in equity 10
Statement of cash flows 11
Notes to the financial statements 12
Kent PHK Limited
Company Information
Directors
P H Kent
K P Kent
I M Kent
R J Kent
T P Kent
Auditors
Samantha Allan
3 Holloway Close
East Bridgford
Nottingham
NG13 8NG
Registered office
Kent House
Lower Oakham Way
Mansfield
Nottinghamshire
NG18 5BY
Registered number
02214532
Kent PHK Limited
Registered number: 02214532
Directors' Report
The directors present their report and financial statements for the year ended 31 January 2024.
Principal activities
The company's principal activity during the year continued to be that of electrical contractors and mechanical engineers.
Dividends
The directors do not recommend the payment of a final dividend. The interim dividends of £860,000 will be the only dividends paid on the results of the year.
Directors
The following persons served as directors during the year:
P H Kent
K P Kent
I M Kent
R J Kent
T P Kent
Strategic report
The company has chosen in accordance with Companies Act 2006 S414C(11) to set out in the company's strategic report information required by Schedule 7 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 to be contained in the director's report. It has done so in respect of future developments and financial instruments.
Directors' responsibilities
The directors are responsible for preparing the report and financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Disclosure of information to auditors
Each person who was a director at the time this report was approved confirms that:
so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and
he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.
This report was approved by the board on 30 October 2024 and signed on its behalf.
K Kent T Kent
Director Director
Kent PHK Limited
Strategic Report
Business review
Within this report the directors aim to present a balanced and comprehensive review of the development and performance of the business during the year and its position at the year end. Both the level of business and year end financial position were satisfactory in the light of year end trading conditions.
The results for the year are set out on page 8.

Turnover increased from £12,866,926 to £15,043,660 a rise of 16.9%. The percentage of gross profit to sales increased by 4% to 31%.

Profit before taxation increased by 115% to £1,736,704.

All resulting in the net cash generated at the year end amounting to £2,206,087 (2023: £542,917 generated).

The economic outlook remained relatively stable in the areas we operate.
Principal risks and uncertainties
The company has a strong balance sheet and settled management team. As with other businesses in our sector, any uncertainty will come from external influences.

The company faces a number of risks and uncertainties and the directors believe that the key business risk is that the Company's trade is dependent on conditions within the railway industry. In view of these risks and uncertainties the directors are aware that the development of the company may be affected by factors outside their control.

The key financial risk faced by the Company is the availability of funds to meet the business needs. The Company's operations are financed by internally generated cash flow.

The effects to the Company from the Brexit decision should be minimal given our turnover is domestic, however, our supply chain my be affected. Our evaluation is that given robust demand, any inflationary pressures that may be caused by Brexit, should not have detrimental effect on our contracts or margins achieved.
Financial instrument risk
The company has a normal level of exposure to price, credit, liquidity and cash flow risks arising from trading activities which are conducted in sterling. The company acquires some assets under finance leases and hire purchase contracts, but has no other external borrowings and as such, finance costs have no material impact on the financial position of the company.
Future developments
The directors anticipate the business environment will remain competitive. They believe that the company is in a good financial position and that the risks that have been identified are being well managed. With continuing review of the state of the market and the activities of competitors, the directors are confident in the company's ability to maintain and build on this position.
This report was approved by the board on 30 October 2024 and signed on its behalf.
K Kent T Kent
Director
Kent PHK Limited
Independent auditor's report
to the members of Kent PHK Limited
Opinion
We have audited the financial statements of Kent PHK Limited (the 'company') for the year ended 31 January 2024 which comprisethe Income Statement, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, includingFRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the company's affairs as at 31 January 2024 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the strategic report and the directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the strategic report and the directors’ report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors’ remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.
Responsibilities of directors
As explained more fully in the directors’ responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience through discussion with the Officers and other management (as required by auditing standards).

We had regard to laws and regulations in areas that directly affect the financial statements including financial reporting and taxation legislation. We considered that extent of compliance with those laws and regulations as part of our procedures on the related financial statement items.

With the exception of any known or possible non-compliance, and as required by auditing standards, our work in respect of these was limited to enquiry of the Officers.

We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.

We addressed the risk of fraud through management override of controls, by testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.
A further description of our responsibilities for the audit of the financial statements is available on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Samantha Allan
(Senior Statutory Auditor) 3 Holloway Close
for and on behalf of East Bridgford
Samantha Allan Nottingham
Statutory Auditor NG13 8NG
30 October 2024
Kent PHK Limited
Income Statement
for the year ended 31 January 2024
Notes 2024 2023
£ £
Turnover 3 15,043,660 12,866,926
Cost of sales (10,436,813) (9,412,110)
Gross profit 4,606,847 3,454,816
Administrative expenses (3,020,696) (2,677,603)
Operating profit 4 1,586,151 777,213
Profit on sale of fixed assets 37,581 28,254
Interest receivable 129,836 17,801
Interest payable 7 (14,534) (16,864)
Profit on ordinary activities before taxation 1,739,034 806,404
Tax on profit on ordinary activities 8 (416,649) (49,978)
Profit for the financial year 1,322,385 756,426
Continuing operations
None of the Company's activities were acquired or discontinued during the above two years.
Comprehensive income
There were no recognised gains and losses for 2024 or 2023 other than those included in the statement of comprehensive income.
There was no other comprehensive income for 2024 (2023: £nil).
The note on pages 12 to 20 form part of these financial statements.
Kent PHK Limited
Statement of Financial Position
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 9 2,973,420 2,726,456
Current assets
Stocks 10 21,594 21,049
Debtors 11 2,024,647 2,969,241
Cash at bank and in hand 5,582,212 3,376,125
7,628,453 6,366,415
Creditors: amounts falling due within one year 12 (6,026,891) (5,106,698)
Net current assets 1,601,562 1,259,717
Total assets less current liabilities 4,574,982 3,986,173
Creditors: amounts falling due after more than one year 13 (159,763) (91,809)
Provisions for liabilities
Deferred taxation 16 (171,291) (112,821)
Net assets 4,243,928 3,781,543
Capital and reserves
Called up share capital 17 102 102
Profit and loss account 18 4,243,826 3,781,441
Total equity 4,243,928 3,781,543
K Kent T Kent
Director Director
Approved by the board on 30 October 2024
Kent PHK Limited
Statement of Changes in Equity
for the year ended 31 January 2024
Share Profit Total
capital and loss
account
£ £ £
At 1 February 2023 102 3,781,441 3,781,543
Profit for the financial year 1,322,385 1,322,385
Dividends (860,000) (860,000)
At 31 January 2024 102 4,243,826 4,243,928
Kent PHK Limited
Statement of Cash Flows
for the year ended 31 January 2024
Notes 2024 2023
£ £
Operating activities
Profit for the financial year 1,322,385 756,426
Adjustments for:
Profit on sale of fixed assets (37,581) (28,254)
Interest receivable (129,836) (17,801)
Interest payable 14,534 16,864
Tax on profit on ordinary activities 416,649 49,978
Depreciation 306,214 201,522
Increase in stocks (545) (4,469)
Decrease in debtors 944,594 (408,947)
Increase in creditors 617,040 885,681
3,453,454 1,451,000
Dividends received - -
Interest received 129,836 17,801
Interest paid (14,534) -
Interest element of finance lease payments - (16,864)
Corporation tax paid (81,905) 4,346
Cash generated by operating activities 3,486,851 1,456,283
Investing activities
Payments to acquire tangible fixed assets (598,297) (365,656)
Proceeds from sale of tangible fixed assets 82,700 66,500
Cash used in investing activities (515,597) (299,156)
Financing activities
Equity dividends paid (860,000) (600,000)
Repayment of loans (21,848) (87,392)
Capital element of finance lease payments 116,681 72,462
Cash used in financing activities (765,167) (614,930)
Net cash generated/(used)
Cash generated by operating activities 3,486,851 1,456,283
Cash used in investing activities (515,597) (299,156)
Cash used in financing activities (765,167) (614,930)
Net cash generated 2,206,087 542,197
Cash and cash equivalents at 1 February 3,376,125 2,833,928
Cash and cash equivalents at 31 January 5,582,212 3,376,125
Cash and cash equivalents comprise:
Cash at bank 5,582,212 3,376,125
Kent PHK Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Summary of significant accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Kent PHK Limited, a company limited by shares, is a limited company incorporated in England and Wales and has its registered office and principal place of business at Kent House, Lower Oakham Way, Mansfield, Nottinghamshire, NG18 5BY. The nature of the company's operations and principal activities are given in the Directors Report.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added taxes and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services:
Turnover from electrical contracting and mechanical engineering services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
• the amount of revenue can be measured reliably;
• it is probable that the Company will receive the consideration due under the contract;
• the stage of completion of the contract at the end of the reporting period can be measured reliably; and
• the costs incurred and the costs to complete the contract can be measured reliably.
Tangible fixed assets
Land and buildings held and used in the Company's own activities for production or for administrative purposes are stated in the statement of financial position at original cost.

All other tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses.

Assets held under finance leases or hire purchase contracts are depreciated in the same manner as owned assets.

Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold land no depreciation
Freehold buildings 2% on cost
Plant and machinery 20% reducing balance
Fixtures and equipment 20% reducing balance
Motor vehicles 25% reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Profit on long-term contracts is taken as work is carried out provided the final outcome can be assessed with reasonable certainty. Full provision is made for all known of expected losses as they are foreseen. The amount by which recorded turnover exceeds payments on account is classified in debtors as amounts recoverable on long term contracts.

Payment on account in excess of the amount matched with turnover are disclosed in creditors as payments on account on long term contract
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profits for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised in respect of all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. 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.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Critical accounting estimates and judgements
In the application of the Company's accounting policies, which are described in note 1, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Long term contracts - the company recognises profit on long-term contracts as work is carried out provided the final outcome can be assessed with reasonable certainty. The stage of completion of the contract requires judgement and assumptions on how the remainder of the contract will proceed and how the amounts recoverable on long term contracts and payments on account on long term contracts are accounted for.
3 Analysis of turnover 2024 2023
£ £
Sale of goods 15,043,660 12,866,926
By geographical market:
UK 15,043,660 12,866,926
4 Operating profit 2024 2023
£ £
This is stated after charging:
Depreciation of owned fixed assets 147,470 120,780
Depreciation of assets held under finance leases and hire purchase contracts 158,744 80,742
Auditors' remuneration for audit services 10,000 10,500
Key management personnel compensation (including directors' emoluments) 397,111 399,243
5 Directors' emoluments 2024 2023
£ £
Emoluments 397,111 383,099
Company contributions to defined contribution pension plans 116,290 16,144
513,401 399,243
Highest paid director:
Emoluments 91,665 88,995
Company contributions to defined contribution pension plans 28,522 5,577
120,187 94,572
Number of directors to whom retirement benefits accrued: 2024 2023
Number Number
Defined contribution plans 5 5
6 Staff costs 2024 2023
£ £
Wages and salaries 1,401,270 1,316,607
Other pension costs 215,551 108,912
1,616,821 1,425,519
Average number of employees during the year Number Number
Administration 49 44
Manufacturing 36 30
85 74
The Company operates a non-contributory defined contributions pension scheme for the benefit of employees and directors. The assets of the scheme are held separately from those of the company in an independently administered fund.
At the balance sheet date there were unpaid contributions of £13,127 (2023: £16,775) and are included in other creditors.
7 Interest payable 2024 2023
£ £
Loan interest 1,865 8,159
Finance charges payable under finance leases and hire purchase contracts 12,669 8,705
14,534 16,864
8 Taxation 2024 2023
£ £
Analysis of charge in period
Current tax:
UK corporation tax on profits of the period 358,179 104,302
Deferred tax:
Origination and reversal of timing differences 58,470 (54,324)
Tax on profit on ordinary activities 416,649 49,978
Factors affecting tax charge for period
The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows:
2024 2023
£ £
Profit on ordinary activities before tax 1,739,034 806,404
Standard rate of corporation tax in the UK 25% 19%
£ £
Profit on ordinary activities multiplied by the standard rate of corporation tax 434,759 153,217
Effects of:
Expenses not deductible for tax purposes (76,580) (48,915)
Current tax charge for period 358,179 104,302
9 Tangible fixed assets
Land and buildings Plant and machinery Fixtures, fittings, tools and equipment Total
At cost At cost At cost
£ £ £ £
Cost or valuation
At 1 February 2023 2,749,219 942,721 283,751 3,975,691
Additions - 529,455 68,842 598,297
Disposals - (142,514) - (142,514)
At 31 January 2024 2,749,219 1,329,662 352,593 4,431,474
Depreciation
At 1 February 2023 509,661 524,447 215,127 1,249,235
Charge for the year 48,627 223,182 34,405 306,214
On disposals - (97,395) - (97,395)
At 31 January 2024 558,288 650,234 249,532 1,458,054
Carrying amount
At 31 January 2024 2,190,931 679,428 103,061 2,973,420
At 31 January 2023 2,239,558 418,274 68,624 2,726,456
10 Stocks 2024 2023
£ £
Raw materials and consumables 21,594 21,049
11 Debtors 2024 2023
£ £
Trade debtors 1,824,400 2,676,609
Other debtors 75,791 155,302
Prepayments and accrued income 114,493 117,061
Construction contract debtors 9,963 20,269
2,024,647 2,969,241
12 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans - 21,848
Obligations under finance lease and hire purchase contracts 107,900 59,173
Construction contract creditors 2,979,162 2,191,183
Trade creditors 1,593,093 1,670,859
Corporation tax 276,274 -
Other taxes and social security costs 254,732 69,887
Other creditors 750,523 843,429
Accruals and deferred income 65,207 250,319
6,026,891 5,106,698
13 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 159,763 91,809
159,763 91,809
14 Loans 2024 2023
£ £
Analysis of maturity of debt:
Within one year - -
Between two and five years - -
- -
15 Obligations under finance leases and hire purchase 2024 2023
contracts £ £
Amounts payable:
Within one year 107,900 59,173
Within two to five years 159,763 91,809
267,663 150,982
16 Deferred taxation 2024 2023
£ £
Accelerated capital allowances 171,291 112,821
2024 2023
£ £
At 1 February 112,821 58,497
Charge to the profit and loss account 58,470 54,324
At 31 January 171,291 112,821
17 Share capital Nominal 2024 2024 2023
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 102 102 102
18 Profit and loss account 2024 2023
£ £
At 1 February 3,781,441 3,625,015
Profit for the financial year 1,322,385 756,426
Dividends (860,000) (600,000)
At 31 January 4,243,826 3,781,441
19 Dividends 2024 2023
£ £
Dividends on ordinary shares (note 18) 860,000 600,000
20 Related party transactions
During the year, sales amounting to £135,548 (2023: £29,557) and credit notes issued amounting to £nil (2023: £nil) were made to companies where there are directors in common. At the end of the year, an amount of £22,906 (2023: £24,998) was owed to the company by the related parties.

During the year, sales amounting to £78,658 (2023: £417,774) and credit notes issued amounting to £nil (2023: £nil) were made to a business where a director is a partner. At the end of the year, an amount of £1,514 (2023: £6,231) was owed to the company by the partnership.

During the year, purchases amounting to £2,947,684 (2023: £633,766) were made to a company where there are directors in common. At the end of the year, an amount of £655,091 (2023: £416,979) was owed by the company to the related party.

During the year, purchases amounting to £297,253 (2023: £498,287) were made to a business where a director is a partner. At the end of the year, an amount of £22,909 (2023: £11,094) was owed by the company to the partnership.
During the year, the company operated a loan account to companies where there are directors in common. The total amount advanced during the year amounted to £nil (2023: £nil) and the total amount repaid amounted to £nil (2023: £16,395). At 31 January 2024, the balance on the loan accounts amounted to £nil (2023: £nil).

During the year, the company operated a loan account to a business where a director is a partner. The total amount advanced during the year amounted to £8,596 (2023: £50,000) and the total amount repaid amounted to £45,833 (2023: £12,733). At 31 January 2024, the balance on the loan account amounted to £75,791 (2023: £113,028) and is included in other debtors.

During the year, the company operated a loan account to companies where there are directors in common. The total amount advanced during the year amounted to £nil (2023: £124,591) and the total amount repaid amounted to £21,775 (2023: £nil ). At 31 January 2024, the balance on the loan accounts amounted to £644,202 (2023: £665,977) and is included in other creditors.

Each of the directors has a loan account with the company, this loan is interest free with no fixed repayment date, the loan account balances are included within other creditors.
21 Controlling party
Kent PHK Limited is controlled by P H Kent by virtue of his majority shareholding.
22 Presentation currency
The financial statements are presented in Sterling.
23 Legal form of entity and country of incorporation
Kent PHK Limited is a private company limited by shares and incorporated in England.
24 Principal place of business
The address of the company's principal place of business and registered office is:
Kent House
Lower Oakham Way
Mansfield
Nottinghamshire
NG18 5BY
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