| London & Kent Electrical Ltd |
| Registered Number:02770562 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
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
London & Kent Electrical Ltd
Statement of Financial Position
2023
2024
| Property, plant and equipment |
106,843
105,800
2
106,843
105,800
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
100
100
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. |
| 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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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. |
Wycross
Ashen Grove
East Hill, Kemsing
Kent
TN15 6YE
| The presentation currency is £ sterling. |
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
Computer equipment
Motor vehicles
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.
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For the year ended 31 December 2024
London & Kent Electrical Ltd
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor vehicles
272,535
75,886
8,772
82,267
105,610
24,190
-
-
24,190
-
-
-
(17,987)
-
(17,987)
88,470
8,772
75,886
278,738
105,610
| Provision for depreciation and impairment |
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)
-
171,895
75,687
8,073
38,223
49,912
55,698
50,247
699
199
106,843
57,810
46,949
776
265
105,800
2023
2024
540,000
505,000
| 4. Trade and other receivables |
2023
2024
691,814
545,641
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
543,550
398,918
| Taxation and social security |
112,422
103,302
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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For the year ended 31 December 2024
London & Kent Electrical Ltd
Notes to the Financial Statements Continued
4 of 4