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REGISTERED NUMBER: 03083236 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

KENT PRECISION PRODUCTS LIMITED

KENT PRECISION PRODUCTS LIMITED (REGISTERED NUMBER: 03083236)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KENT PRECISION PRODUCTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr P A Thomas
Mr D J West





SECRETARY: Mrs C A Thomas





REGISTERED OFFICE: Unit 9, Hailey Business Park
Hailey Road
Erith
Kent
DA18 4AA





REGISTERED NUMBER: 03083236 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL

KENT PRECISION PRODUCTS LIMITED (REGISTERED NUMBER: 03083236)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 63,032 72,716

CURRENT ASSETS
Stock 1,525 1,675
Debtors 5 568,958 481,005
Cash at bank 14 14
570,497 482,694
CREDITORS
Amounts falling due within one year 6 144,942 125,429
NET CURRENT ASSETS 425,555 357,265
TOTAL ASSETS LESS CURRENT
LIABILITIES

488,587

429,981

CREDITORS
Amounts falling due after more than one
year

7

67,439

81,425
NET ASSETS 421,148 348,556

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 421,048 348,456
SHAREHOLDERS' FUNDS 421,148 348,556

KENT PRECISION PRODUCTS LIMITED (REGISTERED NUMBER: 03083236)

BALANCE SHEET - continued
31 JULY 2024


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

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

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 19 March 2025 and were signed on its behalf by:





Mr D J West - Director


KENT PRECISION PRODUCTS LIMITED (REGISTERED NUMBER: 03083236)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Kent Precision Products 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

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

Stocks
Stock 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.

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 ) .

KENT PRECISION PRODUCTS LIMITED (REGISTERED NUMBER: 03083236)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 275,382
Additions 11,326
At 31 July 2024 286,708
DEPRECIATION
At 1 August 2023 202,666
Charge for year 21,010
At 31 July 2024 223,676
NET BOOK VALUE
At 31 July 2024 63,032
At 31 July 2023 72,716

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 28,247 41,626
Other debtors 530,319 428,987
558,566 470,613

Amounts falling due after more than one year:
Other debtors 10,392 10,392

Aggregate amounts 568,958 481,005

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank Loans and Overdrafts 46,212 46,493
Hire purchase contracts 15,265 16,330
Trade creditors 13,721 14,258
Taxation and social security 50,785 30,340
Other creditors 18,959 18,008
144,942 125,429

KENT PRECISION PRODUCTS LIMITED (REGISTERED NUMBER: 03083236)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 28,003 43,269
Other creditors 39,436 38,156
67,439 81,425