KENT AUTO SALVAGE LIMITED

Company Registration Number:
03751528 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

KENT AUTO SALVAGE LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

KENT AUTO SALVAGE LIMITED

Balance sheet

As at 30 June 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 24,550 13,912
Total fixed assets: 24,550 13,912
Current assets
Stocks: 346,100 469,344
Debtors:   0 35,000
Cash at bank and in hand: 257 6,926
Total current assets: 346,357 511,270
Creditors: amounts falling due within one year:   (633,132) (542,590)
Net current assets (liabilities): (286,775) (31,320)
Total assets less current liabilities: (262,225) (17,408)
Creditors: amounts falling due after more than one year:   0 (12,500)
Provision for liabilities: (2,114) (2,387)
Total net assets (liabilities): (264,339) (32,295)
Capital and reserves
Called up share capital: 1,500 1,500
Profit and loss account: (265,839) (33,795)
Shareholders funds: (264,339) (32,295)

The notes form part of these financial statements

KENT AUTO SALVAGE LIMITED

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 September 2025
and signed on behalf of the board by:

Name: Mark Murray
Status: Director

The notes form part of these financial statements

KENT AUTO SALVAGE LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Tangible fixed assets and depreciation policy

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method or on reducing balance . Depreciation is provided on the following basis: Long term leasehold property - Over the term of the lease Plant and machinery - 15% on reducing balance Motor vehicles - 20% on reducing balance Equipment - 15% on cost

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stock. The general basis on which cost is determined is weighted average.

KENT AUTO SALVAGE LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

2024 2023
Average number of employees during the period 4 4

KENT AUTO SALVAGE LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible Assets

Total
Cost £
At 01 July 2023 381,777
Additions 13,422
At 30 June 2024 395,199
Depreciation
At 01 July 2023 367,865
Charge for year 2,784
At 30 June 2024 370,649
Net book value
At 30 June 2024 24,550
At 30 June 2023 13,912

KENT AUTO SALVAGE LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Financial commitments

At 30 June 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods: Not later than 1 year £52,500. (2023: £52,500) Later than 1 year and not later than 5 years £87,500. (2023 £140,000)