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REGISTERED NUMBER: 00657372 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Kents Cavern Limited

Kents Cavern Limited (Registered number: 00657372)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Kents Cavern Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: T Gorman





SECRETARY: A B Virani





REGISTERED OFFICE: Cavern House
91 Ilsham Road
Torquay
TQ1 2JF





REGISTERED NUMBER: 00657372 (England and Wales)





ACCOUNTANTS: AccountLets
Coveham House
Downside Bridge Road
Cobham
Surrey
KT11 3EP

Kents Cavern Limited (Registered number: 00657372)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 439,677 498,245

CURRENT ASSETS
Stocks 40,974 20,695
Debtors 5 27,639 61,518
Cash at bank and in hand 26,350 185,700
94,963 267,913
CREDITORS
Amounts falling due within one year 6 (209,615 ) 206,143
NET CURRENT ASSETS 304,578 61,770
TOTAL ASSETS LESS CURRENT LIABILITIES 744,255 560,015

PROVISIONS FOR LIABILITIES - 26,243
NET ASSETS 744,255 533,772

CAPITAL AND RESERVES
Called up share capital 12,900 12,900
Capital redemption reserve 600 600
Retained earnings 730,755 520,272
744,255 533,772

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 9 December 2024 and were signed by:





T Gorman - Director


Kents Cavern Limited (Registered number: 00657372)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Kents Cavern Limited 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.

Land and buildings - 2% on cost
Plant and machinery etc - 20% on cost

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.

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 33 (2023 - 33 ) .

Kents Cavern Limited (Registered number: 00657372)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 578,894 469,711 1,048,605
Additions 18,257 - 18,257
Disposals - (65,499 ) (65,499 )
At 30 June 2024 597,151 404,212 1,001,363
DEPRECIATION
At 1 July 2023 196,202 354,158 550,360
Charge for year 10,200 21,262 31,462
Eliminated on disposal 609 (20,745 ) (20,136 )
At 30 June 2024 207,011 354,675 561,686
NET BOOK VALUE
At 30 June 2024 390,140 49,537 439,677
At 30 June 2023 382,692 115,553 498,245

5. DEBTORS
30.6.24 30.6.23
£    £   
Amounts falling due within one year:
Trade debtors 4,177 4,714
Other debtors 20,403 56,804
24,580 61,518

Amounts falling due after more than one year:
Other debtors 3,059 -

Aggregate amounts 27,639 61,518

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 50,161 165,492
Taxation and social security 24,438 26,092
Other creditors (284,214 ) 14,559
(209,615 ) 206,143

Kents Cavern Limited (Registered number: 00657372)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 June 2024 and the period ended 30 June 2023:

30.6.24 30.6.23
£    £   
N T Powe
Balance outstanding at start of year 40,473 -
Amounts advanced - 40,473
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 40,473