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J.KENT (AUCTIONEERS) LIMITED

Unaudited Financial Statements

for the Year Ended 31st August 2024






J.KENT (AUCTIONEERS) LIMITED (REGISTERED NUMBER: 00363332)






Contents of the Financial Statements
for the year ended 31st August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J.KENT (AUCTIONEERS) LIMITED

Company Information
for the year ended 31st August 2024







DIRECTOR: L R Thomas





SECRETARY: L R Thomas





REGISTERED OFFICE: 1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH





REGISTERED NUMBER: 00363332 (England and Wales)





ACCOUNTANTS: Haines Watts Wirral Limited
1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH

J.KENT (AUCTIONEERS) LIMITED (REGISTERED NUMBER: 00363332)

Balance Sheet
31st August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 750 -

CURRENT ASSETS
Debtors 5 41,683 41,483
Cash at bank 6,069 8,399
47,752 49,882
CREDITORS
Amounts falling due within one year 6 32,202 24,952
NET CURRENT ASSETS 15,550 24,930
TOTAL ASSETS LESS CURRENT LIABILITIES 16,300 24,930

CAPITAL AND RESERVES
Called up share capital 426 426
Share premium 4,499 4,499
Retained earnings 11,375 20,005
SHAREHOLDERS' FUNDS 16,300 24,930

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 28th August 2025 and were signed by:




G A Thomas - Director


J.KENT (AUCTIONEERS) LIMITED (REGISTERED NUMBER: 00363332)

Notes to the Financial Statements
for the year ended 31st August 2024

1. STATUTORY INFORMATION

J.Kent (Auctioneers) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

J.KENT (AUCTIONEERS) LIMITED (REGISTERED NUMBER: 00363332)

Notes to the Financial Statements - continued
for the year ended 31st August 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st September 2023 - 898 898
Additions 1,000 - 1,000
At 31st August 2024 1,000 898 1,898
DEPRECIATION
At 1st September 2023 - 898 898
Charge for year 250 - 250
At 31st August 2024 250 898 1,148
NET BOOK VALUE
At 31st August 2024 750 - 750
At 31st August 2023 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 41,683 41,483

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,124 3,326
Other creditors 30,078 21,626
32,202 24,952

7. RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £41,683 (2023 : £41,483) owed from Claremount Quality Motors Limited a company in which the director Mr G A Thomas is the sole director and shareholder.

Included in other creditors is an amount of £26,920 (2023 : £18,591) owed to the director, Mr G A Thomas.

The director and shareholder has given a personal guarantee to the company's bankers.

8. CONTROLLING PARTIES

The company is under the control of G A Thomas.