Company registration number 04192706 (England and Wales)
KENT TRACTORS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
KENT TRACTORS LTD
COMPANY INFORMATION
Directors
Mr A T Hooker
Mrs G H Hooker
Secretary
Mrs G H Hooker
Company number
04192706
Registered office
Mincing Court Farm
Duck Lane
Shadoxhurst
Ashford
Kent
TN26 1LT
Accountants
Xeinadin
19 North Street
Ashford
Kent
TN24 8LF
KENT TRACTORS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
KENT TRACTORS LTD
BALANCE SHEET
AS AT
31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
322,592
346,562
Current assets
Stocks
388,000
368,000
Debtors
4
119,167
37,143
Cash at bank and in hand
866,456
760,308
1,373,623
1,165,451
Creditors: amounts falling due within one year
5
(221,528)
(197,576)
Net current assets
1,152,095
967,875
Net assets
1,474,687
1,314,437
Capital and reserves
Called up share capital
1,020
1,020
Share premium account
5,980
5,980
Profit and loss reserves
1,467,687
1,307,437
Total equity
1,474,687
1,314,437

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 3 October 2025 and are signed on its behalf by:
Mr A T Hooker
Director
Company registration number 04192706 (England and Wales)
KENT TRACTORS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 2 -
1
Accounting policies
Company information

Kent Tractors Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Mincing Court Farm, Duck Lane, Shadoxhurst, Ashford, Kent, TN26 1LT.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Long leasehold
no dep charge
Plant and machinary
25% on reducing balance
Computers
33% straight lin method

Freehold land is not depreciated.

1.4
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

KENT TRACTORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
5
KENT TRACTORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 4 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 June 2024
236,838
305,380
542,218
Additions
-
0
5,278
5,278
At 31 May 2025
236,838
310,658
547,496
Depreciation and impairment
At 1 June 2024
-
0
195,656
195,656
Depreciation charged in the year
-
0
29,248
29,248
At 31 May 2025
-
0
224,904
224,904
Carrying amount
At 31 May 2025
236,838
85,754
322,592
At 31 May 2024
236,838
109,724
346,562
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
116,683
34,863
Other debtors
2,484
2,280
119,167
37,143
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
26,660
29,314
Taxation and social security
134,972
87,226
Other creditors
59,896
81,036
221,528
197,576
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