Kent Home Improvements (Swale) Limited |
Registered Number:00950990 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2024
Kent Home Improvements (Swale) Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Kent Home Improvements (Swale) Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
106,908
127,355
2
106,908
127,355
91,326
163,588
3
Trade and other receivables |
313,690
333,670
4
63,967
Cash and cash equivalents |
173,127
670,385
468,983
Trade and other payables: amounts falling due within one year |
(381,368)
(444,629)
5
87,615
225,756
Net current assets
Total assets less current liabilities |
332,664
214,970
Trade and other payables: amounts falling due after more than |
one year |
(22,500)
(13,634)
6
319,030
Net assets
192,470
7,900
7,900
311,130
184,570
319,030
192,470
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr William Frederick Callow Director |
These financial statements were approved and authorised for issue by the Board on 07 November 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2024
Kent Home Improvements (Swale) Limited
Notes to the Financial Statements
Statutory Information
Kent Home Improvements (Swale) Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 00950990. |
Principal place of business: |
Tileworks, Borough Road
Queenborough
Sheerness
Kent
ME11 5DN.
3 Conqueror Court
Sittingbourne
Kent
ME10 5BH
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 ''The |
Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have |
been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Motor Vehicles
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 March 2024
Kent Home Improvements (Swale) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor Vehicles
668,557
27,570
3,618
41,500
595,869
29,221
-
-
-
29,221
41,500
3,618
27,570
697,778
625,090
Provision for depreciation and impairment |
541,202
22,664
3,618
12,450
502,470
Charge for year
49,668
2,818
-
6,225
40,625
590,870
25,482
3,618
18,675
543,095
81,995
22,825
-
2,088
106,908
93,399
29,050
-
4,906
127,355
2023
2024
163,588
91,326
4. Trade and other receivables |
2023
2024
333,670
312,192
-
1,498
313,690
333,670
5. Trade and other payables: amounts falling due within one year |
2023
2024
10,000
10,000
136,851
145,608
Amounts owed to group undertaking and undertaking in which the company has a |
participating interest |
180,000
150,000
Taxation and social security |
82,317
29,367
35,461
46,393
444,629
381,368
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For the year ended 31 March 2024
Kent Home Improvements (Swale) Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
13,634
22,500
7. Average number of persons employed |
During the year the average number of employees was 12 (2023 : 12)
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