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REGISTERED NUMBER: 14917361 (England and Wales)















Kent Towing Solutions Ltd

Unaudited Financial Statements

for the Period 6 June 2023 to 31 July 2024






Kent Towing Solutions Ltd (Registered number: 14917361)






Contents of the Financial Statements
for the Period 6 June 2023 to 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Kent Towing Solutions Ltd

Company Information
for the Period 6 June 2023 to 31 July 2024







DIRECTORS: R E Friend
F Friend





REGISTERED OFFICE: Forstal Farm
Goudhurst Road
Lamberhurst
Tunbridge Wells
Kent
TN3 8AG





REGISTERED NUMBER: 14917361 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Kent Towing Solutions Ltd (Registered number: 14917361)

Statement of Financial Position
31 July 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 147,169

CURRENT ASSETS
Inventories 139,500
Debtors 5 155,320
Cash at bank 54,666
349,486
CREDITORS
Amounts falling due within one year 6 290,510
NET CURRENT ASSETS 58,976
TOTAL ASSETS LESS CURRENT LIABILITIES 206,145

CREDITORS
Amounts falling due after more than one
year

7

(81,226

)

PROVISIONS FOR LIABILITIES (29,698 )
NET ASSETS 95,221

CAPITAL AND RESERVES
Called up share capital 9 100
Retained earnings 95,121
SHAREHOLDERS' FUNDS 95,221

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Kent Towing Solutions Ltd (Registered number: 14917361)

Statement of Financial Position - continued
31 July 2024


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 Board of Directors and authorised for issue on 12 February 2025 and were signed on its behalf by:





R E Friend - Director


Kent Towing Solutions Ltd (Registered number: 14917361)

Notes to the Financial Statements
for the Period 6 June 2023 to 31 July 2024

1. STATUTORY INFORMATION

Kent Towing Solutions Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
Income represents the fair value of consideration received or receivable derived from the provision of goods and services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 10% on cost

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.
In respect of work in progress and finished goods, cost includes an appropriate proportion of attributable overheads according to the stage of manufacture/completion.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in the income statement.

Taxation
Taxation for the period 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 statement of financial position date.


Kent Towing Solutions Ltd (Registered number: 14917361)

Notes to the Financial Statements - continued
for the Period 6 June 2023 to 31 July 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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 period was 6 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 161,773
At 31 July 2024 161,773
DEPRECIATION
Charge for period 14,604
At 31 July 2024 14,604
NET BOOK VALUE
At 31 July 2024 147,169

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 87,745
Other debtors 67,575
155,320

Kent Towing Solutions Ltd (Registered number: 14917361)

Notes to the Financial Statements - continued
for the Period 6 June 2023 to 31 July 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 23,619
Hire purchase contracts (see note 8) 20,714
Taxation and social security 36,204
Other creditors 209,973
290,510

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 17,216
Hire purchase contracts (see note 8) 64,010
81,226

8. LEASING AGREEMENTS

Hire purchase agreements are secured against the relevant assets.

The company has total other operating lease commitments at 31 July 2024 of 293,250.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
49 Ordinary A £1 49
1 Ordinary B £1 1
25 Ordinary C £1 25
25 Ordinary D £1 25
100

The following shares were issued during the period for cash at par :

49 Ordinary A shares of £1
1 Ordinary B share of £1
25 Ordinary C shares of £1
25 Ordinary D shares of £1