Registration number: 04289270

K.C. Enterprises (Kent) Limited

Statement of Financial Position as at 17 September 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	3,536	4,421
Current assets
Debtors	5	9,361	8,234
Cash at bank and in hand		25,995	51,643
		35,356	59,877
Creditors: Amounts falling due within one year	6	(50,018)	(32,748)
Net current (liabilities)/assets		(14,662)	27,129
Total assets less current liabilities		(11,126)	31,550
Creditors: Amounts falling due after more than one year	6	(7,015)	(27,244)
Net (liabilities)/assets		(18,141)	4,306
Capital and reserves
Called up share capital		1	1
Retained earnings		(18,142)	4,305
Shareholders' (deficit)/funds		(18,141)	4,306

For the financial year ending 17 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The director has elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, section 444.

K.C. Enterprises (Kent) Limited

Statement of Financial Position as at 17 September 2024

Approved and authorised by the director on 17 September 2025
 

.........................................

Mr K Coulter

Director

Company registration number: 04289270

K.C. Enterprises (Kent) Limited

Notes to the Unaudited Financial Statements for the Year Ended 17 September 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
14 Bushy Grove
Kingswood
Maidstone
Kent
ME17 3QL

The principal activity of the company is that of kitchen installation.

2	Accounting policies

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company had net liabilities at 17 September 2024 amounting to £18,141 and made a loss for the year then ended. At 17 September 2024 the company held cash at bank of £25,995 and an amount of £15,232 was owed to the director who has agreed not to call for repayment until such time as the company has sufficient working capital.

Taking into account the above and having made enquiries the directors have reasonable expectation that the company has adequate resources to remain in operational existence for the foreseeable future. Accordingly, the directors continue to prepare the financial statements on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue from kitchen fitting services according to the stage of contractual completion and when it future economic benefits will flow to the entity.

K.C. Enterprises (Kent) Limited

Notes to the Unaudited Financial Statements for the Year Ended 17 September 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	10% straight line
Motor vehicles	5% straight line
Computer equipment	25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

K.C. Enterprises (Kent) Limited

Notes to the Unaudited Financial Statements for the Year Ended 17 September 2024

3	Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0).

4	Tangible assets

	Computer equipment £	Motor vehicles  £	Plant and machinery £	Total £
Cost or valuation
At 18 September 2023	2,200	6,808	8,846	17,854
Disposals	(2,200)	(6,808)	-	(9,008)
At 17 September 2024	-	-	8,846	8,846
Depreciation
At 18 September 2023	2,200	6,808	4,425	13,433
Charge for the year	-	-	885	885
Eliminated on disposal	(2,200)	(6,808)	-	(9,008)
At 17 September 2024	-	-	5,310	5,310
Carrying amount
At 17 September 2024	-	-	3,536	3,536
At 17 September 2023	-	-	4,421	4,421

5

Debtors

	2024 £	2023 £
Trade debtors	9,361	8,234
	9,361	8,234

K.C. Enterprises (Kent) Limited

Notes to the Unaudited Financial Statements for the Year Ended 17 September 2024

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Loans and borrowings	7	14,571	-
Trade creditors		7,999	5,202
Taxation and social security		9,466	16,762
Accruals and deferred income		2,750	-
Other creditors		15,232	10,784
		50,018	32,748