22 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2024 - FRS102_2024 31,000 6,200 6,200 12,400 18,600 24,800 xbrli:pure xbrli:shares iso4217:GBP 10146458 2023-05-01 2024-04-30 10146458 2024-04-30 10146458 2023-04-30 10146458 2022-05-01 2023-04-30 10146458 2023-04-30 10146458 2022-04-30 10146458 core:NetGoodwill 2023-05-01 2024-04-30 10146458 core:LandBuildings core:LongLeaseholdAssets 2023-05-01 2024-04-30 10146458 core:FurnitureFittings 2023-05-01 2024-04-30 10146458 core:MotorVehicles 2023-05-01 2024-04-30 10146458 bus:Director1 2023-05-01 2024-04-30 10146458 bus:Director2 2023-05-01 2024-04-30 10146458 core:NetGoodwill 2023-04-30 10146458 core:NetGoodwill 2024-04-30 10146458 core:LandBuildings 2023-04-30 10146458 core:FurnitureFittings 2023-04-30 10146458 core:MotorVehicles 2023-04-30 10146458 core:LandBuildings 2024-04-30 10146458 core:FurnitureFittings 2024-04-30 10146458 core:MotorVehicles 2024-04-30 10146458 core:LandBuildings 2023-05-01 2024-04-30 10146458 core:WithinOneYear 2024-04-30 10146458 core:WithinOneYear 2023-04-30 10146458 core:AfterOneYear 2024-04-30 10146458 core:AfterOneYear 2023-04-30 10146458 core:ShareCapital 2024-04-30 10146458 core:ShareCapital 2023-04-30 10146458 core:RetainedEarningsAccumulatedLosses 2024-04-30 10146458 core:RetainedEarningsAccumulatedLosses 2023-04-30 10146458 core:NetGoodwill 2023-04-30 10146458 core:LandBuildings 2023-04-30 10146458 core:FurnitureFittings 2023-04-30 10146458 core:MotorVehicles 2023-04-30 10146458 bus:SmallEntities 2023-05-01 2024-04-30 10146458 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 10146458 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10146458 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10146458 bus:FullAccounts 2023-05-01 2024-04-30 10146458 core:OfficeEquipment 2023-05-01 2024-04-30 10146458 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 10146458 core:OfficeEquipment 2023-04-30 10146458 core:FurnitureFittingsToolsEquipment 2023-04-30 10146458 core:OfficeEquipment 2024-04-30 10146458 core:FurnitureFittingsToolsEquipment 2024-04-30 10146458 core:AfterOneYear 2023-05-01 2024-04-30 10146458 core:KeyManagementPersonnel 2023-05-01 2024-04-30 10146458 core:AllAssociates 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: 10146458
Escape Kent Ltd
Filleted Unaudited Financial Statements
30 April 2024
Escape Kent Ltd
Financial Statements
Year ended 30 April 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Escape Kent Ltd
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
18,600
24,800
Tangible assets
6
80,264
101,546
--------
---------
98,864
126,346
Current assets
Debtors
7
512,711
499,734
Cash at bank and in hand
95,695
45,478
---------
---------
608,406
545,212
Creditors: amounts falling due within one year
8
395,215
406,640
---------
---------
Net current assets
213,191
138,572
---------
---------
Total assets less current liabilities
312,055
264,918
Creditors: amounts falling due after more than one year
9
23,259
50,297
Provisions
Taxation including deferred tax
23,640
25,386
---------
---------
Net assets
265,156
189,235
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
265,154
189,233
---------
---------
Shareholders funds
265,156
189,235
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Escape Kent Ltd
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 10 January 2025 , and are signed on behalf of the board by:
Mr C Knell
Mr M Knell
Director
Director
Company registration number: 10146458
Escape Kent Ltd
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 1, Simmonds Road, Wincheap Industrial Estate, Canterbury, Kent, CT1 3RA, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold property
-
20% straight line
Fixture and fittings
-
20% straight line
Motor vehicles
-
20% reducing balance
Equipment
-
25% straight line
Room sets
-
20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Government grants
Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 22 (2023: 24 ).
5. Intangible assets
Goodwill
£
Cost
At 1 May 2023 and 30 April 2024
31,000
--------
Amortisation
At 1 May 2023
6,200
Charge for the year
6,200
--------
At 30 April 2024
12,400
--------
Carrying amount
At 30 April 2024
18,600
--------
At 30 April 2023
24,800
--------
6. Tangible assets
Leasehold property
Fixtures and fittings
Motor vehicles
Equipment
Room sets
Total
£
£
£
£
£
£
Cost
At 1 May 2023
5,435
8,626
52,990
50,757
205,292
323,100
Additions
15,208
11,600
26,808
-------
-------
--------
--------
---------
---------
At 30 Apr 2024
5,435
8,626
68,198
50,757
216,892
349,908
-------
-------
--------
--------
---------
---------
Depreciation
At 1 May 2023
4,348
6,900
17,663
25,683
166,960
221,554
Charge for the year
1,087
1,725
13,640
7,621
24,017
48,090
-------
-------
--------
--------
---------
---------
At 30 Apr 2024
5,435
8,625
31,303
33,304
190,977
269,644
-------
-------
--------
--------
---------
---------
Carrying amount
At 30 Apr 2024
1
36,895
17,453
25,915
80,264
-------
-------
--------
--------
---------
---------
At 30 Apr 2023
1,087
1,726
35,327
25,074
38,332
101,546
-------
-------
--------
--------
---------
---------
7. Debtors
2024
2023
£
£
Other debtors
512,711
499,734
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
14,700
14,700
Trade creditors
128
2,042
Corporation tax
38,908
57,086
Social security and other taxes
17,782
21,531
Other creditors
323,697
311,281
---------
---------
395,215
406,640
---------
---------
The bank holds a fixed and floating charge over the assets of the company.
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
14,700
29,400
Other creditors
8,559
20,897
--------
--------
23,259
50,297
--------
--------
The bank holds a fixed and floating charge over the assets of the company.
10. Related party transactions
At the year end the company owed the directors £176,728 (2023: £270,605). At the year end the company was owed £509,614 (2023: £351,264) by a company related by common control.