Kent Structures Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09230414 (England and Wales)

KENT STRUCTURES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2020

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTOR:

Mr D J Calnan

REGISTERED OFFICE:

Suite 2079 Kent Space

Letraset Building

Wotton Road

Ashford

Kent

TN23 6LN

REGISTERED NUMBER:

09230414 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

King Arthur’s Court

Maidstone Road

Charing

Kent

TN27 0JS

FIXED ASSETS

Tangible assets

4

8,345

1,296

CURRENT ASSETS

Stocks

5

238,000

248,000

Debtors

6

471,358

61,205

Cash at bank and in hand

185,990

244,379

895,348

553,584

CREDITORS

Amounts falling due within one year

7

(739,801

)

(442,628

)

NET CURRENT ASSETS

155,547

110,956

TOTAL ASSETS LESS CURRENT LIABILITIES

163,892

112,252

CREDITORS

Amounts falling due after more than one year

8

(50,000

)

-

PROVISIONS FOR LIABILITIES

(11,078

)

(11,078

)

NET ASSETS

102,814

101,174

CAPITAL AND RESERVES

Called up share capital

100

100

Capital redemption reserve

9

100

100

Retained earnings

9

102,614

100,974

102,814

101,174

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 17 December 2020 and were signed by:

Mr D J Calnan - Director

1.	STATUTORY INFORMATION

Kent Structures 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.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2019 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 October 2019

-

1,934

1,934

Additions

9,046

2,277

11,323

Disposals

-

(1,810

)

(1,810

)

At 30 September 2020

9,046

2,401

11,447

DEPRECIATION

At 1 October 2019

-

638

638

Charge for year

2,261

800

3,061

Eliminated on disposal

-

(597

)

(597

)

At 30 September 2020

2,261

841

3,102

NET BOOK VALUE

At 30 September 2020

6,785

1,560

8,345

At 30 September 2019

-

1,296

1,296

5.

STOCKS

2020

2019

£

£

Work-in-progress

238,000

248,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

296,176

31,009

Amounts owed by group undertakings

157,017

23,624

Directors' current accounts

11,660

-

VAT

1,629

-

Prepayments

4,876

6,572

471,358

61,205

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

412,949

332,911

Corporation Tax

46,870

18,811

Social security and other taxes

11,326

22,683

VAT

-

37,489

Sundry creditors

18,813

18,560

Directors' current accounts

-

842

Accruals and deferred income

200,000

-

Accrued expenses

49,843

11,332

739,801

442,628

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Other loans - 1-2 years

50,000

-

9.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 October 2019

100,974

100

101,074

Profit for the year

206,640

206,640

Dividends

(205,000

)

(205,000

)

At 30 September 2020

102,614

100

102,714

10.	RELATED PARTY DISCLOSURES

The rents totalling £50,000, (2019 - £30,742) are paid to the director.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kent Structures Ltd for the year ended 30 September 2020 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Kent Structures Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kent Structures Ltd and state those matters that we have agreed to state to the director of Kent Structures Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Kent Structures Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kent Structures Ltd. You consider that Kent Structures Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kent Structures Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Spurling Cannon

King Arthur’s Court

Maidstone Road

Charing

Kent

TN27 0JS

17 December 2020