Registered number
01570215
Kent Plant & Mechanical Engineering Limited
Filleted Accounts
31 October 2024
Beasley & Co
Chartered Accountants
Abbey House
105 Abbey Street
Nuneaton
Warwickshire
CV11 5BX
Kent Plant & Mechanical Engineering Limited
Registered number: 01570215
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 15,047 15,047
Cash at bank and in hand 253,914 263,388
268,961 278,435
Creditors: amounts falling due within one year 4 (1,591) (1,591)
Net current assets 267,370 276,844
Total assets less current liabilities 267,370 276,844
Creditors: amounts falling due after more than one year 5 (174,794) (119,438)
Net assets 92,576 157,406
Capital and reserves
Called up share capital 120 120
Profit and loss account 92,456 157,286
Shareholders' funds 92,576 157,406
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr K Mackenzie
Director
Approved by the board on 12 June 2025
Kent Plant & Mechanical Engineering Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover includes revenue earned from the sale of goods and from the rendering of services.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Debtors 2024 2023
£ £
Other debtors 15,047 15,047
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 1,051 1,051
Other creditors 540 540
1,591 1,591
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 174,794 119,438
6 Other information
Kent Plant & Mechanical Engineering Limited is a private company limited by shares and incorporated in England. Its registered office is:
22 The Raywoods
Nuneaton
Warwickshire
CV10 7LU
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