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REGISTERED NUMBER: 01416470 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

KENTRAK LIMITED

KENTRAK LIMITED (REGISTERED NUMBER: 01416470)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


KENTRAK LIMITED (REGISTERED NUMBER: 01416470)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 126 167
Investments 5 790,828 733,916
790,954 734,083

CURRENT ASSETS
Stocks - 750
Debtors 6 7,314 914
Cash at bank 2,138 5,474
9,452 7,138
CREDITORS
Amounts falling due within one year 7 14,410 10,894
NET CURRENT LIABILITIES (4,958 ) (3,756 )
TOTAL ASSETS LESS CURRENT LIABILITIES 785,996 730,327

PROVISIONS FOR LIABILITIES 28,184 1,569
NET ASSETS 757,812 728,758

CAPITAL AND RESERVES
Called up share capital 8 100 100
Share premium 200 200
Non-distributable reserve 84,459 4,581
Retained earnings 673,053 723,877
SHAREHOLDERS' FUNDS 757,812 728,758

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 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.

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 28 February 2025 and were signed on its behalf by:





Mr J C Dalton - Director


KENTRAK LIMITED (REGISTERED NUMBER: 01416470)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Kentrak Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01416470

Registered office: Ingram House
6 Meridian Way
Norwich
NR7 0TA

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 as modified by the revaluation of certain assets.

At 30 June 2024 the company had net current liabilities of £4,958. The directors consider that, on the basis of anticipated trading and forecasts, and continued directors support, the company will trade profitably and meet its obligations as they fall due and, accordingly, the financial statements are prepared on the going concern basis.

The financial statements are presented in sterling, which is the functional currency of the company and rounded to the nearest £.

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 assets
Tangible assets are recorded at cost less accumulated depreciation. Depreciation is calculated so as to write off the cost of fixed assets, less their estimated residual values, over the expected useful economic lives of the assets concerned. The principal annual rate used for this purpose is as follows:

Plant and machinery etc - 25% reducing balance

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

KENTRAK LIMITED (REGISTERED NUMBER: 01416470)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Investments
Investments are initially measured at cost. Subsequent to initial recognition, all investments are measured at fair value and the gain or loss on revaluation is recognised through profit or loss in the period in which it arises. Such gains and losses are transferred from retained earnings to a non-distributable reserve.

3. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 15,207
DEPRECIATION
At 1 July 2023 15,040
Charge for year 41
At 30 June 2024 15,081
NET BOOK VALUE
At 30 June 2024 126
At 30 June 2023 167

5. INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 July 2023 733,916
Additions 15,253
Disposals (64,845 )
Revaluations 106,504
At 30 June 2024 790,828
NET BOOK VALUE
At 30 June 2024 790,828
At 30 June 2023 733,916

Cost or valuation at 30 June 2024 is represented by:

Other
investments
£   
Valuation in 2024 790,828

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 192
Other debtors 7,314 722
7,314 914

KENTRAK LIMITED (REGISTERED NUMBER: 01416470)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 719
Other creditors 14,410 10,175
14,410 10,894

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,002 Ordinary £0.01 100 100