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REGISTERED NUMBER: 06767991 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Geoff Kilbey Plant & Commercial Ltd

Geoff Kilbey Plant & Commercial Ltd (Registered number: 06767991)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Geoff Kilbey Plant & Commercial Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs I E Kilbey
A B Kilbey
M G Kilbey





SECRETARY: Mrs I E Kilbey





REGISTERED OFFICE: 21 Church Road
Parkstone
Poole
Dorset
BH14 8UF





REGISTERED NUMBER: 06767991 (England and Wales)





ACCOUNTANT: Richard Allen & Associates
21 Church Road
Parkstone
Poole
Dorset
BH14 8UF

Geoff Kilbey Plant & Commercial Ltd (Registered number: 06767991)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,012,126 949,170

CURRENT ASSETS
Stocks 18,000 18,000
Debtors 5 399,174 421,360
Cash at bank and in hand 2,100,643 1,823,298
2,517,817 2,262,658
CREDITORS
Amounts falling due within one year 6 369,985 315,153
NET CURRENT ASSETS 2,147,832 1,947,505
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,159,958

2,896,675

CREDITORS
Amounts falling due after more than one
year

7

(48,009

)

(74,005

)

PROVISIONS FOR LIABILITIES (242,390 ) (237,293 )
NET ASSETS 2,869,559 2,585,377

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,869,459 2,585,277
SHAREHOLDERS' FUNDS 2,869,559 2,585,377

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Geoff Kilbey Plant & Commercial Ltd (Registered number: 06767991)

Balance Sheet - continued
31 January 2024


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

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 29 October 2024 and were signed on its behalf by:





Mrs I E Kilbey - Director


Geoff Kilbey Plant & Commercial Ltd (Registered number: 06767991)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Geoff Kilbey Plant & Commercial Ltd 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Geoff Kilbey Plant & Commercial Ltd (Registered number: 06767991)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 1,751,423
Additions 251,162
At 31 January 2024 2,002,585
DEPRECIATION
At 1 February 2023 802,253
Charge for year 188,206
At 31 January 2024 990,459
NET BOOK VALUE
At 31 January 2024 1,012,126
At 31 January 2023 949,170

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2023 250,850
Transfer to ownership (30,850 )
At 31 January 2024 220,000
DEPRECIATION
At 1 February 2023 50,835
Charge for year 28,050
Transfer to ownership (17,835 )
At 31 January 2024 61,050
NET BOOK VALUE
At 31 January 2024 158,950
At 31 January 2023 200,015

Geoff Kilbey Plant & Commercial Ltd (Registered number: 06767991)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 399,174 421,060
Other debtors - 300
399,174 421,360

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 25,995 30,782
Trade creditors 82,852 58,645
Taxation and social security 142,193 86,233
Other creditors 118,945 139,493
369,985 315,153

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 48,009 74,005