Kett Autopaints (Anglia) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06011566 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

KETT AUTOPAINTS (ANGLIA) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B F Kett

R C Gee

Mrs A Kett

Mrs J E Gee

SECRETARY:

Mrs A Kett

REGISTERED OFFICE:

3 Boleness Road

Wisbech

Cambridgeshire

PE13 2RB

REGISTERED NUMBER:

06011566 (England and Wales)

ACCOUNTANTS:

Wheelers

Chartered Accountants & Tax Consultants

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

357,861

317,972

Investments

6

1

357,862

317,973

CURRENT ASSETS

Stocks

504,301

630,261

Debtors

7

772,326

929,666

Cash at bank and in hand

922,146

798,345

2,198,773

2,358,272

CREDITORS

Amounts falling due within one year

8

1,116,191

1,186,403

NET CURRENT ASSETS

1,082,582

1,171,869

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,440,444

1,489,842

CREDITORS

Amounts falling due after more than one year

9

(148,650

)

(104,598

)

PROVISIONS FOR LIABILITIES

(63,600

)

(41,800

)

NET ASSETS

1,228,194

1,343,444

CAPITAL AND RESERVES

Called up share capital

80

Capital redemption reserve

20

Retained earnings

1,228,094

1,343,344

SHAREHOLDERS' FUNDS

1,228,194

1,343,444

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2026 and were signed on its behalf by:

B F Kett - Director

1.	STATUTORY INFORMATION

Kett Autopaints (Anglia) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Preparation of consolidated financial statements

The parent company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by section 398 of the Companies Act 2006 not to prepare group accounts.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill is initially measured at cost. After initial recognition, goodwill is amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

Over the period of the lease

Plant and machinery

-

33% on cost and 15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiaries are carried at cost less accumulated impairment losses in the Company's balance

sheet. On disposal of investments in subsidiaries, the difference between disposal proceeds and the carrying

amounts of the investments are recognised in profit or loss.

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2024 - 38 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

94,325

AMORTISATION

At 1 January 2025

and 31 December 2025

94,325

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

COST

At 1 January 2025

27,882

102,784

5,114

483,794

619,574

Additions

2,000

26,131

-

169,832

197,963

Disposals

-

(12,567

)

-

(142,217

)

(154,784

)

At 31 December 2025

29,882

116,348

5,114

511,409

662,753

DEPRECIATION

At 1 January 2025

24,742

87,147

3,140

186,573

301,602

Charge for year

2,034

5,475

296

92,717

100,522

Eliminated on disposal

-

(12,567

)

-

(84,665

)

(97,232

)

At 31 December 2025

26,776

80,055

3,436

194,625

304,892

NET BOOK VALUE

At 31 December 2025

3,106

36,293

1,678

316,784

357,861

At 31 December 2024

3,140

15,637

1,974

297,221

317,972

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2025

337,034

Additions

146,592

Disposals

(115,217

)

At 31 December 2025

368,409

DEPRECIATION

At 1 January 2025

125,491

Charge for year

69,246

Eliminated on disposal

(65,437

)

At 31 December 2025

129,300

NET BOOK VALUE

At 31 December 2025

239,109

At 31 December 2024

211,543

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

41,779

PROVISIONS

At 1 January 2025

and 31 December 2025

41,778

NET BOOK VALUE

At 31 December 2025

1

At 31 December 2024

1

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

716,737

713,128

Other debtors

55,589

216,538

772,326

929,666

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Hire purchase contracts (see note 10)

58,948

77,312

Trade creditors

520,483

613,333

Amounts owed to group undertakings

1

Taxation and social security

185,297

204,811

Other creditors

351,462

290,946

1,116,191

1,186,403

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.25

31.12.24

£

Hire purchase contracts (see note 10)

148,650

104,598

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.25

31.12.24

£

Net obligations repayable:

Within one year

58,948

77,312

Between one and five years

148,650

104,598

207,598

181,910

Non-cancellable

operating leases

31.12.25

31.12.24

£

Within one year

46,701

53,057

Between one and five years

117,550

130,675

In more than five years

72,050

98,250

236,301

281,982

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

Hire purchase contracts

207,598

181,910