Company No: 07448405 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	1,076,960		1,341,782
Investments	4	3,360		3,360
		1,080,320		1,345,142
Current assets
Debtors	5	1,364,108		1,248,453
Cash at bank and in hand		140,763		148,364
		1,504,871		1,396,817
Creditors: amounts falling due within one year	6	( 2,285,115)		( 1,979,856)
Net current liabilities		(780,244)		(583,039)
Total assets less current liabilities		300,076		762,103
Creditors: amounts falling due after more than one year	7	( 385,557)		( 736,041)
Net (liabilities)/assets		( 85,481)		26,062
Capital and reserves
Called-up share capital		3		3
Profit and loss account		( 85,484 )		26,059
Total shareholders' (deficit)/funds		( 85,481)		26,062

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of NORTH KENT DISTRIBUTION LIMITED (registered number: 07448405) were approved and authorised for issue by the Board of Directors on 24 December 2025. They were signed on its behalf by:

G Knight Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

North Kent Distribution Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Units A1 & A2 Manor Way Ind Estate, Manor Way, Swanscombe, DA10 0PP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £85,481. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	15 - 25 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the debtors are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	48		48

3. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 January 2024	951,620		922,845		27,917		44,358		1,946,740
Additions	7,536		8,439		550		0		16,525
Disposals	0		( 33,186)		0		0		( 33,186)
At 31 December 2024	959,156		898,098		28,467		44,358		1,930,079
Accumulated depreciation
At 01 January 2024	189,732		366,615		16,531		32,080		604,958
Charge for the financial year	117,656		141,167		2,903		11,746		273,472
Disposals	0		( 25,311)		0		0		( 25,311)
At 31 December 2024	307,388		482,471		19,434		43,826		853,119
Net book value
At 31 December 2024	651,768		415,627		9,033		532		1,076,960
At 31 December 2023	761,888		556,230		11,386		12,278		1,341,782

4. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 January 2024	3,360		3,360
At 31 December 2024	3,360		3,360
Carrying value at 31 December 2024	3,360		3,360
Carrying value at 31 December 2023	3,360		3,360

5. Debtors

	2024		2023
	£		£
Trade debtors	1,111,354		1,038,411
Other debtors	252,754		210,042
	1,364,108		1,248,453

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	514,507		485,108
Trade creditors	1,034,533		848,214
Other taxation and social security	187,190		161,487
Obligations under finance leases and hire purchase contracts	287,250		204,254
Other creditors	261,635		280,793
	2,285,115		1,979,856

Hire purchase contracts due within one year have a carrying amount at the year end of £204,254 (2023 - £204,254) and are secured over the assets concerned.

Included in bank loans due within one year is a factoring account with a carrying amount at the year end of £478,143 (2023 - £448,744) and are secured over the trade debtors concerned

7. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	15,151		51,515
Obligations under finance leases and hire purchase contracts	370,406		684,526
	385,557		736,041

Hire purchase contracts due after one year have a carrying amount at the year end of £453,403 (2023 - £684,526) and are secured over the assets concerned.

8. Related party transactions

Transactions with the entity's directors

	2024		2023
	£		£
Amounts due to directors	96,029		53,529

The loan from the director is unsecured and repayable on demand.