Kent Supreme Heating Ltd


FINANCIAL STATEMENTS


for the year ended 31st December 2024



Kent Supreme Heating Ltd

CONTENTS

for the year ended 31st December 2024







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Kent Supreme Heating Ltd

Company No. 09365676

STATEMENT OF FINANCIAL POSITION

as at 31st December 2024

20242023
Note£££
FIXED ASSETS
Property, plant and equipment4119700139863
119700139863
CURRENT ASSETS
Debtors52376738216
Cash at bank and in hand431083
6687538219
CURRENT LIABILITIES
Creditors: amounts falling due
within one year613175557960
NET CURRENT LIABILITIES(64880)(19741)
TOTAL ASSETS LESS CURRENT LIABILITIES54820120122
 
Creditors: amounts falling due
after more than one year75396658640
 
NET ASSETS85461482
 
CAPITAL AND RESERVES
Called up share capital100100
Retained earnings75461382
SHAREHOLDERS FUNDS85461482

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 31st December 2024 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

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

Approved by the Board on 20 February 2025


L V Martin

Director

Company Number 09365676 (England)

Kent Supreme Heating Ltd

NOTES TO THE ACCOUNTS

for the year ended 31st December 2024


1   Statutory information

Kent Supreme Heating Ltd is a private company limited by shares and registered under company number 09365676 in England. Its registered office address is 12, Hatherley Road, Sidcup, Kent, DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles10-25% reducing balance

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

Leasing and hire purchase commitments

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the Company, are capitalised in the Statement of Financial Position and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the Statement of Financial Position as a liability.

The interest element of the rental obligations is charged to the Income Statement over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

3   Employee information

The average number of employees during the accounting period was 1 (2023 - 1).

4   Property, plant and equipment
 
PlantFixtures
Motorandand
VehiclesMachineryFittingsTotal
££££
Cost
At 1st January 2024 16220467394605173548
Additions--529529
At 31st December 202416220467395134174077
 
Depreciation
At 1st January 2024 297542622130933685
Charge for year1986861820620692
At 31st December 2024496223240151554377
 
Net Book Value
At 31st December 202411258234993619119700
At 31st December 202313245041173296139863
 
Net book value of assets included above held
 under finance leases and hire purchase contracts
 
At 31st December 202486960--86960
At 31st December 2023102306--102306

5   Debtors20242023
££
 
Trade Debtors122071754
Other debtors511930021
Prepayments and accrued income64416441
2376738216

6   Creditors: amounts falling due within one year20242023
££
 
Loans and Overdrafts4934725432
Obligations under finance lease and hire purchase contracts1632527720
Corporation tax148612104
Taxes and social security costs25886-
Other creditors253362704
13175557960

7   Creditors: amounts falling due after one year20242023
££
 
Obligations under finance lease and hire purchase contracts5396658640
5396658640

8   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

20242023
££
 
L V Martin1359
1359

2024-12-31false2024-01-012024-12-3109365676uk-bus:Director12024-01-012024-12-3109365676uk-gaap:ShareCapital2024-12-3109365676uk-gaap:ShareCapital2023-12-3109365676uk-gaap:RetainedEarningsAccumulatedLosses2024-12-3109365676uk-gaap:RetainedEarningsAccumulatedLosses2023-12-3109365676uk-gaap:VehiclesPlantMachinery2024-01-012024-12-3109365676uk-gaap:MotorVehicles2023-12-3109365676uk-gaap:PlantMachinery2023-12-3109365676uk-gaap:FurnitureFittingsToolsEquipment2023-12-3109365676uk-gaap:MotorVehicles2024-01-012024-12-3109365676uk-gaap:PlantMachinery2024-01-012024-12-3109365676uk-gaap:FurnitureFittingsToolsEquipment2024-01-012024-12-3109365676uk-gaap:MotorVehicles2024-12-3109365676uk-gaap:PlantMachinery2024-12-3109365676uk-gaap:FurnitureFittingsToolsEquipment2024-12-3109365676uk-gaap:WithinOneYear2024-12-3109365676uk-gaap:WithinOneYear2023-12-3109365676uk-gaap:AfterOneYear2024-12-3109365676uk-gaap:AfterOneYear2023-12-31093656762024-01-012024-12-31093656762023-01-012023-12-31093656762024-12-31093656762023-12-3109365676uk-bus:SmallEntities2024-01-012024-12-3109365676uk-bus:AuditExempt-NoAccountantsReport2024-01-012024-12-3109365676uk-bus:FullAccounts2024-01-012024-12-3109365676uk-bus:PrivateLimitedCompanyLtd2024-01-012024-12-3109365676countries:EnglandWales2024-01-012024-12-3109365676uk-bus:Director112023-12-3109365676uk-bus:Director112024-12-31iso4217:GBPxbrli:purexbrli:shares