REGISTERED NUMBER: 06822624 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

KENT & SONS PLASTERING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M J Kent

Mr N P Birch

SECRETARY:

Mrs E M Kent

REGISTERED OFFICE:

Wood View

Bury Road

Lawshall

Bury St Edmunds

Suffolk

IP29 4PL

REGISTERED NUMBER:

06822624 (England and Wales)

ACCOUNTANTS:

Twinn Accountants Limited

Suite 4, East Barton Barns

East Barton Road

Great Barton

Bury St. Edmunds

Suffolk

IP31 2QY

FIXED ASSETS

Tangible assets

4

36,410

48,274

CURRENT ASSETS

Debtors

5

18,401

55,042

Cash at bank

62,074

6,778

80,475

61,820

CREDITORS

Amounts falling due within one year

6

79,837

64,444

NET CURRENT ASSETS/(LIABILITIES)

638

(2,624

)

TOTAL ASSETS LESS CURRENT LIABILITIES

37,048

45,650

CREDITORS

Amounts falling due after more than one year

7

(13,282

)

(16,825

)

PROVISIONS FOR LIABILITIES

(8,374

)

(9,940

)

NET ASSETS

15,392

18,885

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

15,292

18,785

SHAREHOLDERS' FUNDS

15,392

18,885

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 10 October 2025 and were signed on its behalf by:

Mr M J Kent - Director

1.	STATUTORY INFORMATION

Kent & Sons Plastering 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.

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.

Tools & equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the asset's fair value at the date of inception and the present value of minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of the capital and interest elements. The interest is charged to the profit and loss so as to produce a constant periodic rate of interest of the remaining balance of liability.

Rentals payable under the operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Tools &

Motor

equipment

vehicles

Totals

£

£

£

COST

At 1 April 2024

7,734

46,105

53,839

Additions

207

-

207

At 31 March 2025

7,941

46,105

54,046

DEPRECIATION

At 1 April 2024

5,565

-

5,565

Charge for year

545

11,526

12,071

At 31 March 2025

6,110

11,526

17,636

NET BOOK VALUE

At 31 March 2025

1,831

34,579

36,410

At 31 March 2024

2,169

46,105

48,274

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

17,519

43,616

VAT

-

10,305

Prepayments

882

1,121

18,401

55,042

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

3,543

3,175

Trade creditors

4,120

4,571

Corporation tax

24,871

13,036

Social security and other taxes

2,307

1,690

VAT

1,239

-

Directors' current accounts

42,127

38,227

Accrued expenses

1,630

3,745

79,837

64,444

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

13,282

16,825

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

3,543

3,175

Amounts falling due between one and two years:

Bank loans - 1-2 years

3,952

3,543

Amounts falling due between two and five years:

Bank loans - 2-5 years

9,330

13,282

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

900

3,600

Between one and five years

-

900

900

4,500