2024-01-01 02770562 2024-12-31 02770562 2024-01-01 2024-12-31 02770562 2023-12-31 02770562 2023-01-01 2023-12-31 02770562 uk-core:WithinOneYear 2023-12-31 02770562 uk-core:WithinOneYear 2024-12-31 02770562 uk-core:ShareCapital 2024-12-31 02770562 uk-core:ShareCapital 2023-12-31 02770562 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 02770562 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 02770562 uk-bus:Director1 2024-01-01 2024-12-31 02770562 uk-core:Buildings 2024-01-01 2024-12-31 02770562 uk-core:OfficeEquipment 2024-01-01 2024-12-31 02770562 uk-core:VehiclesPlantMachinery 2024-01-01 2024-12-31 02770562 uk-core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 02770562 uk-core:OfficeEquipment 2023-12-31 02770562 uk-core:FurnitureFittingsToolsEquipment 2023-12-31 02770562 uk-core:VehiclesPlantMachinery 2023-12-31 02770562 uk-core:Buildings 2023-12-31 02770562 uk-core:VehiclesPlantMachinery 2024-12-31 02770562 uk-core:FurnitureFittingsToolsEquipment 2024-12-31 02770562 uk-core:OfficeEquipment 2024-12-31 02770562 uk-core:Buildings 2024-12-31 iso4217:GBP xbrli:pure 02770562 uk-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 02770562 uk-bus:FRS102 2024-01-01 2024-12-31 02770562 uk-bus:FilletedAccounts 2024-01-01 2024-12-31 02770562 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31
London & Kent Electrical Ltd
Registered Number:02770562
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2024
London & Kent Electrical Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
02770562
As at 31 December 2024
London & Kent Electrical Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
106,843
105,800
2
106,843
105,800
Current assets
Inventories
505,000
540,000
3
Trade and other receivables
545,641
691,814
4
917,437
Cash and cash equivalents
920,402
2,152,216
1,968,078
Trade and other payables: amounts falling due within one
year
(514,267)
(667,772)
5
1,453,811
1,484,444
Net current assets
Total assets less current liabilities
1,591,287
1,559,611
(750)
(750)
Provisions for liabilities
1,590,537
Net assets
1,558,861
Capital and reserves
Called up share capital
100
100
Retained earnings
1,590,437
1,558,761
1,590,537
1,558,861
Shareholders' funds
For the year ended 31 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
S J Glover Director
These financial statements were approved and authorised for issue by the Board on 25 July 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2024
London & Kent Electrical Ltd
Notes to the Financial Statements
Statutory Information
London & Kent Electrical Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 02770562.
Registered address:
Wycross
Ashen Grove
East Hill, Kemsing
Kent
TN15 6YE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
12% Straight line
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
10% Reducing balance
Fixtures and fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
2 of 4
5
For the year ended 31 December 2024
London & Kent Electrical Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Land and
buildings
£
£
£
£
£
Cost or
valuation
At 01 January 2024
272,535
75,886
8,772
82,267
105,610
24,190
-
-
24,190
-
Additions
-
-
(17,987)
-
Disposals
(17,987)
At 31 December 2024
88,470
8,772
75,886
278,738
105,610
Provision for depreciation and impairment
At 01 January 2024
166,735
75,621
7,996
35,318
47,800
Charge for year
7,147
66
77
4,892
2,112
(1,987)
-
-
(1,987)
-
On disposal
At 31 December 2024
171,895
75,687
8,073
38,223
49,912
At 31 December 2024
Net book value
55,698
50,247
699
199
106,843
At 31 December 2023
57,810
46,949
776
265
105,800
3. Inventories
2023
2024
£
£
Stocks
540,000
505,000
4. Trade and other receivables
2023
2024
£
£
Trade debtors
691,814
545,641
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
543,550
398,918
Taxation and social security
112,422
103,302
Other creditors
11,800
12,047
667,772
514,267
6. Average number of persons employed
During the year the average number of employees was 8 (2023 : 8)
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6
For the year ended 31 December 2024
London & Kent Electrical Ltd
Notes to the Financial Statements Continued
4 of 4