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REGISTERED NUMBER: 00296528 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Kort Propulsion Company Limited

Kort Propulsion Company Limited (Registered number: 00296528)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Kort Propulsion Company Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mrs R A E Parsons
D Parsons





SECRETARY: Mrs R A E Parsons





REGISTERED OFFICE: The Boat House
20 Erith High Street
Erith
Kent
DA8 1QY





REGISTERED NUMBER: 00296528 (England and Wales)





ACCOUNTANTS: RBS Accountancy Ltd
Suite 17
Cautrac Serviced Offices
Great Horkesley
Colchester
Essex
CO6 4EJ

Kort Propulsion Company Limited (Registered number: 00296528)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,378 14,074

CURRENT ASSETS
Stocks 130,000 36,000
Debtors 5 445,881 300,298
Cash at bank and in hand 91,216 278,587
667,097 614,885
CREDITORS
Amounts falling due within one year 6 418,241 380,613
NET CURRENT ASSETS 248,856 234,272
TOTAL ASSETS LESS CURRENT
LIABILITIES

266,234

248,346

CREDITORS
Amounts falling due after more than one
year

7

18,100

28,002
NET ASSETS 248,134 220,344

CAPITAL AND RESERVES
Called up share capital 2,560 2,560
Capital redemption reserve 10,400 10,400
Retained earnings 235,174 207,384
SHAREHOLDERS' FUNDS 248,134 220,344

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Kort Propulsion Company Limited (Registered number: 00296528)

Balance Sheet - continued
30 September 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 5 December 2024 and were signed on its behalf by:




Mrs R A E Parsons - Director



D Parsons - Director


Kort Propulsion Company Limited (Registered number: 00296528)

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

1. STATUTORY INFORMATION

Kort Propulsion Company 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2023 - 5 ) .

Kort Propulsion Company Limited (Registered number: 00296528)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 October 2023 20,970 49,204 61,602 131,776
Additions - - 6,370 6,370
At 30 September 2024 20,970 49,204 67,972 138,146
DEPRECIATION
At 1 October 2023 16,685 48,909 52,108 117,702
Charge for year 642 44 2,380 3,066
At 30 September 2024 17,327 48,953 54,488 120,768
NET BOOK VALUE
At 30 September 2024 3,643 251 13,484 17,378
At 30 September 2023 4,285 295 9,494 14,074

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 424,416 280,055
Other debtors 21,465 20,243
445,881 300,298

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 309,774 342,330
Taxation and social security 77,396 2,525
Other creditors 31,071 35,758
418,241 380,613

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 18,100 28,002

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 18,100 28,002

Kort Propulsion Company Limited (Registered number: 00296528)

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

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Kort Propulsion Company Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kort Propulsion Company Limited for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Kort Propulsion Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kort Propulsion Company Limited and state those matters that we have agreed to state to the Board of Directors of Kort Propulsion Company Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kort Propulsion Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kort Propulsion Company Limited. You consider that Kort Propulsion Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kort Propulsion Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






RBS Accountancy Ltd
Suite 17
Cautrac Serviced Offices
Great Horkesley
Colchester
Essex
CO6 4EJ


5 December 2024