Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31No description of principal activitytrue2023-08-01false65falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07243164 2023-08-01 2024-07-31 07243164 2022-08-01 2023-07-31 07243164 2024-07-31 07243164 2023-07-31 07243164 c:Director1 2023-08-01 2024-07-31 07243164 c:Director3 2023-08-01 2024-07-31 07243164 d:Buildings d:LongLeaseholdAssets 2023-08-01 2024-07-31 07243164 d:Buildings d:LongLeaseholdAssets 2024-07-31 07243164 d:Buildings d:LongLeaseholdAssets 2023-07-31 07243164 d:PlantMachinery 2023-08-01 2024-07-31 07243164 d:PlantMachinery 2024-07-31 07243164 d:PlantMachinery 2023-07-31 07243164 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 07243164 d:MotorVehicles 2023-08-01 2024-07-31 07243164 d:MotorVehicles 2024-07-31 07243164 d:MotorVehicles 2023-07-31 07243164 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 07243164 d:FurnitureFittings 2023-08-01 2024-07-31 07243164 d:FurnitureFittings 2024-07-31 07243164 d:FurnitureFittings 2023-07-31 07243164 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 07243164 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 07243164 d:CurrentFinancialInstruments 2024-07-31 07243164 d:CurrentFinancialInstruments 2023-07-31 07243164 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 07243164 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 07243164 d:ShareCapital 2024-07-31 07243164 d:ShareCapital 2023-07-31 07243164 d:RetainedEarningsAccumulatedLosses 2024-07-31 07243164 d:RetainedEarningsAccumulatedLosses 2023-07-31 07243164 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-07-31 07243164 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-07-31 07243164 c:FRS102 2023-08-01 2024-07-31 07243164 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 07243164 c:FullAccounts 2023-08-01 2024-07-31 07243164 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07243164 d:AcceleratedTaxDepreciationDeferredTax 2024-07-31 07243164 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 07243164 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure
Registered number: 07243164














KENT PLANT SERVICE LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 JULY 2024

 
KENT PLANT SERVICE LTD
REGISTERED NUMBER:07243164

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note

Fixed assets
  

Tangible assets
 4 
426,087
392,918

  
426,087
392,918

Current assets
  

Stocks
  
10,000
10,000

Debtors: amounts falling due within one year
 5 
146,275
147,629

Cash at bank and in hand
 6 
8,798
5,390

  
165,073
163,019

Creditors: amounts falling due within one year
 7 
(109,302)
(51,084)

Net current assets
  
 
 
55,771
 
 
111,935

Total assets less current liabilities
  
481,858
504,853

Provisions for liabilities
  

Deferred tax
 9 
(105,486)
(98,230)

  
 
 
(105,486)
 
 
(98,230)

Net assets
  
£376,372
£406,623


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
376,272
406,523

  
£376,372
£406,623


Page 1

 
KENT PLANT SERVICE LTD
REGISTERED NUMBER:07243164

BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 December 2024.



___________________________
Mr B Teehan
___________________________
Mr L Tegg
Director
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
KENT PLANT SERVICE LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Kent Plant Service Ltd is a private company, limited by shares, registered in England and Wales. The company registration number is 07243164. The registered office of the company is Henwood House, Henwood, Ashford, Kent. The principal place of business is Unit A1 ISIS Business Park, Orbital Park, The Courtyard, Ashford, Kent, TN24 0SQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue 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. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide 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.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
KENT PLANT SERVICE LTD
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
KENT PLANT SERVICE LTD
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Long-term leasehold property
-
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
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 profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
KENT PLANT SERVICE LTD
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 6

 
KENT PLANT SERVICE LTD
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 5).


4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total



Cost or valuation


At 1 August 2023
-
671,208
39,050
24,691
734,949


Additions
4,145
123,501
25,280
3,986
156,912


Disposals
-
(11,246)
(5,990)
-
(17,236)



At 31 July 2024

4,145
783,463
58,340
28,677
874,625



Depreciation


At 1 August 2023
-
310,755
14,792
16,484
342,031


Charge for the year on owned assets
-
106,032
7,590
2,278
115,900


Disposals
-
(8,270)
(1,123)
-
(9,393)



At 31 July 2024

-
408,517
21,259
18,762
448,538



Net book value



At 31 July 2024
£4,145
£374,946
£37,081
£9,915
£426,087



At 31 July 2023
£-
£360,452
£24,258
£8,207
£392,917

Page 7

 
KENT PLANT SERVICE LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Debtors

2024
2023


Trade debtors
92,079
144,923

Amounts owed by group undertakings
40,000
-

Other debtors
11,490
-

Prepayments and accrued income
2,706
2,706

£146,275
£147,629



6.


Cash and cash equivalents

2024
2023

Cash at bank and in hand
8,798
5,390

£8,798
£5,390



7.


Creditors: Amounts falling due within one year

2024
2023

Trade creditors
28,236
21,544

Corporation tax
32,744
10,162

Other taxation and social security
2,022
1,736

Other creditors
41,300
11,279

Accruals and deferred income
5,000
6,363

£109,302
£51,084



8.


Financial instruments

2024
2023

Financial assets


Financial assets measured at fair value through profit or loss
£8,798
£5,390




Financial assets measured at fair value through profit or loss comprise bank and cash balances.

Page 8

 
KENT PLANT SERVICE LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

9.


Deferred taxation




2024





At beginning of year
(98,230)


Charged to profit or loss
(7,256)



At end of year
£(105,486)

The provision for deferred taxation is made up as follows:

2024
2023


Accelerated capital allowances
105,486
98,230

£105,486
£98,230


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. Contributions totalling £501 (2023 - £260) were payable to the fund at the balance sheet date and are included in creditors.


11.


Ultimate parent undertaking and controlling party

The ultimate parent undertaking is Kent Plant Service Holdings Limited, a company incorporated in England and Wales.  The company is exempt from the requirement of preparing consolidated financial statements as it is a subsidiary undertaking of a small group under section of the Companies Act 2006.

Page 9