IRIS Accounts Production v25.2.0.378 09619648 director 29.11.23 30.11.24 30.11.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh096196482023-11-28096196482024-11-30096196482023-11-292024-11-30096196482022-11-28096196482022-11-292023-11-28096196482023-11-2809619648ns15:EnglandWales2023-11-292024-11-3009619648ns14:PoundSterling2023-11-292024-11-3009619648ns10:Director12023-11-292024-11-3009619648ns10:PrivateLimitedCompanyLtd2023-11-292024-11-3009619648ns10:SmallEntities2023-11-292024-11-3009619648ns10:AuditExempt-NoAccountantsReport2023-11-292024-11-3009619648ns10:SmallCompaniesRegimeForDirectorsReport2023-11-292024-11-3009619648ns10:SmallCompaniesRegimeForAccounts2023-11-292024-11-3009619648ns10:FullAccounts2023-11-292024-11-300961964812023-11-292024-11-3009619648ns10:RegisteredOffice2023-11-292024-11-3009619648ns5:CurrentFinancialInstruments2024-11-3009619648ns5:CurrentFinancialInstruments2023-11-2809619648ns5:Non-currentFinancialInstruments2024-11-3009619648ns5:Non-currentFinancialInstruments2023-11-2809619648ns5:ShareCapital2024-11-3009619648ns5:ShareCapital2023-11-2809619648ns5:RetainedEarningsAccumulatedLosses2024-11-3009619648ns5:RetainedEarningsAccumulatedLosses2023-11-2809619648ns5:PatentsTrademarksLicencesConcessionsSimilar2023-11-292024-11-3009619648ns5:FurnitureFittings2023-11-292024-11-3009619648ns5:MotorVehicles2023-11-292024-11-3009619648ns5:ComputerEquipment2023-11-292024-11-3009619648ns5:PatentsTrademarksLicencesConcessionsSimilar2023-11-2809619648ns5:PatentsTrademarksLicencesConcessionsSimilar2024-11-3009619648ns5:PatentsTrademarksLicencesConcessionsSimilar2023-11-2809619648ns5:PlantMachinery2023-11-2809619648ns5:PlantMachinery2023-11-292024-11-3009619648ns5:PlantMachinery2024-11-3009619648ns5:PlantMachinery2023-11-2809619648ns5:LeasedAssetsHeldAsLesseens5:PlantMachinery2023-11-2809619648ns5:LeasedAssetsHeldAsLesseens5:PlantMachinery2023-11-292024-11-3009619648ns5:LeasedAssetsHeldAsLesseens5:PlantMachinery2024-11-3009619648ns5:LeasedAssetsHeldAsLesseens5:PlantMachinery2023-11-2809619648ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3009619648ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-28
REGISTERED NUMBER: 09619648 (England and Wales)











Unaudited Financial Statements

FOR THE PERIOD

29 November 2023 to 30 November 2024

for

ALTRUISTIC (NORTH KENT) LTD

ALTRUISTIC (NORTH KENT) LTD (REGISTERED NUMBER: 09619648)

Contents of the Financial Statements
FOR THE PERIOD 29 NOVEMBER 2023 TO 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALTRUISTIC (NORTH KENT) LTD

Company Information
FOR THE PERIOD 29 NOVEMBER 2023 TO 30 NOVEMBER 2024







DIRECTOR: M D Wiley





REGISTERED OFFICE: B5 Clover House
John Wilson Business Park
Harvey Drive
Whitstable
Kent
CT5 3QZ





REGISTERED NUMBER: 09619648 (England and Wales)





ACCOUNTANTS: Friend & Grant Ltd
Bryant House
Bryant Road
Strood
Rochester
Kent
ME2 3EW

ALTRUISTIC (NORTH KENT) LTD (REGISTERED NUMBER: 09619648)

Balance Sheet
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - 3,335
Tangible assets 6 38,569 50,617
38,569 53,952

CURRENT ASSETS
Debtors 7 145,750 181,295
Cash at bank and in hand 108,933 172,834
254,683 354,129
CREDITORS
Amounts falling due within one year 8 175,176 200,340
NET CURRENT ASSETS 79,507 153,789
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,076

207,741

CREDITORS
Amounts falling due after more than one
year

9

(80,687

)

(123,723

)

PROVISIONS FOR LIABILITIES (4,597 ) (8,832 )
NET ASSETS 32,792 75,186

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 32,692 75,086
SHAREHOLDERS' FUNDS 32,792 75,186

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ALTRUISTIC (NORTH KENT) LTD (REGISTERED NUMBER: 09619648)

Balance Sheet - continued
30 NOVEMBER 2024


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 28 August 2025 and were signed by:





M D Wiley - Director


ALTRUISTIC (NORTH KENT) LTD (REGISTERED NUMBER: 09619648)

Notes to the Financial Statements
FOR THE PERIOD 29 NOVEMBER 2023 TO 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Altruistic (North Kent) Ltd 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. STATEMENT OF COMPLIANCE

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 presentation and disclosure requirements of Section 1A applicable to small companies, and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured as the fair value of the consideration received or receivable from the sale of goods or exchange of services, excluding discounts, rebates, value added tax and other sales taxes.

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

- the company has transferred the significant risks and rewards of ownership to the buyer;
- the company retains neither continuing managerial involvement to the degree usually associated with the ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due under the transaction;
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

The percentage of completion method is used to calculate the turnover recognised at the period end.

Turnover from the rendering of services is recognised when all of the following conditions are satisfied:

- the amount of turnover can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the entity;
- the stage of completion of the transaction at the end of the reporting period can be measured reliably; and
- the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

Intangible assets
Intangible assets are initially measured at costs. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise buyout costs are being amortised evenly over the estimated useful life of six years.

ALTRUISTIC (NORTH KENT) LTD (REGISTERED NUMBER: 09619648)

Notes to the Financial Statements - continued
FOR THE PERIOD 29 NOVEMBER 2023 TO 30 NOVEMBER 2024


3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on reducing balance

Taxation
Taxation for the period 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 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 period 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.

Hire purchase and leasing commitments
Assets held under finance lease and hire purchase contracts are capitalised in the balance sheet and depreciated over their expected useful lives. The interest element of the leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease.

All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employee benefits
The company recognises a provision for annual leave accrued by employees as a result of services rendered in current period, and which employees are entitled to carry forward and use within the next 12 months. The provision is measured at the salary cost payable for the period of absence.

Financial instruments
Basic financial assets/liabilities including trade and other receivables/payables, cash and bank balances, are initially recognised at transaction price unless the arrangement constitutes a financing transaction (loan over period of time) where the transaction is measured at present value of the future receipts discounted at a market rate of interest. Such assets/liabilities are subsequently carried at amortised cost using the effective interest method.

ALTRUISTIC (NORTH KENT) LTD (REGISTERED NUMBER: 09619648)

Notes to the Financial Statements - continued
FOR THE PERIOD 29 NOVEMBER 2023 TO 30 NOVEMBER 2024


4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 56 (2023 - 50 ) .

5. INTANGIBLE FIXED ASSETS
Franchise
buyout
£   
COST
At 29 November 2023
and 30 November 2024 20,000
AMORTISATION
At 29 November 2023 16,665
Amortisation for period 3,335
At 30 November 2024 20,000
NET BOOK VALUE
At 30 November 2024 -
At 28 November 2023 3,335

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 29 November 2023 85,477
Additions 6,188
At 30 November 2024 91,665
DEPRECIATION
At 29 November 2023 34,860
Charge for period 18,236
At 30 November 2024 53,096
NET BOOK VALUE
At 30 November 2024 38,569
At 28 November 2023 50,617

ALTRUISTIC (NORTH KENT) LTD (REGISTERED NUMBER: 09619648)

Notes to the Financial Statements - continued
FOR THE PERIOD 29 NOVEMBER 2023 TO 30 NOVEMBER 2024


6. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 29 November 2023
and 30 November 2024 52,190
DEPRECIATION
At 29 November 2023 22,616
Charge for period 10,438
At 30 November 2024 33,054
NET BOOK VALUE
At 30 November 2024 19,136
At 28 November 2023 29,574

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 116,233 173,356
Other debtors 29,517 7,939
145,750 181,295

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 15,306 22,206
Hire purchase contracts 9,114 8,638
Trade creditors 29,280 40,068
Taxation and social security 86,313 89,431
Other creditors 35,163 39,997
175,176 200,340

ALTRUISTIC (NORTH KENT) LTD (REGISTERED NUMBER: 09619648)

Notes to the Financial Statements - continued
FOR THE PERIOD 29 NOVEMBER 2023 TO 30 NOVEMBER 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 5,000 15,000
Hire purchase contracts 7,934 15,997
Other creditors 67,753 92,726
80,687 123,723