1 false false false false false false false false false true true true false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2024 - FRS102_2024 3,584 249 3,833 675 691 1,366 2,467 2,909 xbrli:pure xbrli:shares iso4217:GBP 14401346 2023-10-01 2024-09-30 14401346 2024-09-30 14401346 2023-09-30 14401346 2022-10-05 2023-09-30 14401346 2023-09-30 14401346 2022-10-04 14401346 core:PlantMachinery 2023-10-01 2024-09-30 14401346 bus:Director1 2023-10-01 2024-09-30 14401346 core:PlantMachinery 2023-09-30 14401346 core:PlantMachinery 2024-09-30 14401346 core:WithinOneYear 2024-09-30 14401346 core:WithinOneYear 2023-09-30 14401346 core:ShareCapital 2024-09-30 14401346 core:ShareCapital 2023-09-30 14401346 core:RetainedEarningsAccumulatedLosses 2024-09-30 14401346 core:RetainedEarningsAccumulatedLosses 2023-09-30 14401346 core:PlantMachinery 2023-09-30 14401346 bus:SmallEntities 2023-10-01 2024-09-30 14401346 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 14401346 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 14401346 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 14401346 bus:FullAccounts 2023-10-01 2024-09-30 14401346 bus:Director1 1 2023-10-01 2024-09-30
COMPANY REGISTRATION NUMBER: 14401346
South Kent Brickwork Limited
Filleted Unaudited Financial Statements
30 September 2024
South Kent Brickwork Limited
Statement of Financial Position
30 September 2024
2024
2023
(restated)
Note
£
£
Fixed assets
Tangible assets
5
2,467
2,909
Current assets
Debtors
6
83,807
86,502
Cash at bank and in hand
11,009
1,359
--------
--------
94,816
87,861
Creditors: amounts falling due within one year
7
38,033
42,814
--------
--------
Net current assets
56,783
45,047
--------
--------
Total assets less current liabilities
59,250
47,956
--------
--------
Net assets
59,250
47,956
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
59,150
47,856
--------
--------
Shareholders funds
59,250
47,956
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
South Kent Brickwork Limited
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 4 July 2025 , and are signed on behalf of the board by:
Mr J R Holmberg
Director
Company registration number: 14401346
South Kent Brickwork Limited
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Church Lane, Waltham, Canterbury, CT45SG, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Plant and machinery
£
Cost
At 1 October 2023 (as restated)
3,584
Additions
249
-------
At 30 September 2024
3,833
-------
Depreciation
At 1 October 2023
675
Charge for the year
691
-------
At 30 September 2024
1,366
-------
Carrying amount
At 30 September 2024
2,467
-------
At 30 September 2023
2,909
-------
6. Debtors
2024
2023
(restated)
£
£
Trade debtors
19,984
35,049
Other debtors
63,823
51,453
--------
--------
83,807
86,502
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
(restated)
£
£
Trade creditors
12,681
30,111
Corporation tax
23,752
11,103
Other creditors
1,600
1,600
--------
--------
38,033
42,814
--------
--------
8. Prior period errors
The prio year figures have been restated due to timing issues. This has increased retained earnings by £41,828.
9. Director's advances, credits and guarantees
At the year end the directors owed the company £47,518 (2023: £40,759).