Kent Cooling Solutions Limited


FINANCIAL STATEMENTS


for the year ended 31st August 2024



Kent Cooling Solutions Limited

CONTENTS

for the year ended 31st August 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 Cooling Solutions Limited

Company No. 08659176

STATEMENT OF FINANCIAL POSITION

as at 31st August 2024

20242023
Note£££
FIXED ASSETS
Property, plant and equipment445311451
45311451
CURRENT ASSETS
Debtors58992466303
Cash at bank and in hand384385053
12836271356
CURRENT LIABILITIES
Creditors: amounts falling due
within one year69025371782
NET CURRENT ASSETS/(LIABILITIES)38109(426)
TOTAL ASSETS LESS CURRENT LIABILITIES3856211025
 
Creditors: amounts falling due
after more than one year7-1315
 
NET ASSETS385629710
 
CAPITAL AND RESERVES
Called up share capital22
Retained earnings385609708
SHAREHOLDERS FUNDS385629710

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 August 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 21 March 2025


J Mansell

Director

Company Number 08659176 (England)

Kent Cooling Solutions Limited

NOTES TO THE ACCOUNTS

for the year ended 31st August 2024


1   Statutory information

Kent Cooling Solutions Limited is a private company limited by shares and registered under company number 08659176 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 vehicles25% 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 - 2).

4   Property, plant and equipment
 
PlantFixtures
Motorandand
VehiclesMachineryFittingsTotal
££££
Cost
At 1st September 2023 260003575199931574
Disposals(26000)--(26000)
At 31st August 2024-357519995574
 
Depreciation
At 1st September 2023 151543184178520123
Charge for year-9854152
On disposals(15154)--(15154)
At 31st August 2024-328218395121
 
Net Book Value
At 31st August 2024-293160453
At 31st August 20231084639121411451
 
Net book value of assets included above held
 under finance leases and hire purchase contracts
 
At 31st August 20248135--8135
At 31st August 202310847--10847

5   Debtors20242023
££
 
Trade Debtors809218361
Other debtors8183247942
8992466303

6   Creditors: amounts falling due within one year20242023
££
 
Loans and Overdrafts3700639506
Obligations under finance lease and hire purchase contracts22884700
Trade Creditors-805
Corporation tax3893414696
Other creditors1202512075
9025371782

7   Creditors: amounts falling due after one year20242023
££
 
Obligations under finance lease and hire purchase contracts-1315
-1315

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