Kent Vehicle Solutions Limited Filleted accounts for Companies House (small and micro)

KENT VEHICLE SOLUTIONS LIMITED - Company Information

3 false false false false false false false false false false true false false false false false false No description of principal activity 2022-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 265,930 265,930 265,930 xbrli:pure xbrli:shares iso4217:GBP 08754781 2022-01-01 2022-12-31 08754781 2022-12-31 08754781 2021-12-31 08754781 2021-01-01 2021-12-31 08754781 2021-12-31 08754781 2020-12-31 08754781 bus:Director2 2022-01-01 2022-12-31 08754781 bus:Director3 2022-01-01 2022-12-31 08754781 core:WithinOneYear 2022-12-31 08754781 core:WithinOneYear 2021-12-31 08754781 core:ShareCapital 2022-12-31 08754781 core:ShareCapital 2021-12-31 08754781 core:RetainedEarningsAccumulatedLosses 2022-12-31 08754781 core:RetainedEarningsAccumulatedLosses 2021-12-31 08754781 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 08754781 core:Non-currentFinancialInstruments 2022-12-31 08754781 core:Non-currentFinancialInstruments 2021-12-31 08754781 bus:SmallEntities 2022-01-01 2022-12-31 08754781 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 08754781 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 08754781 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 08754781 bus:FullAccounts 2022-01-01 2022-12-31

COMPANY REGISTRATION NUMBER: 08754781

Kent Vehicle Solutions Limited

Filleted Unaudited Financial Statements

31 December 2022

Kent Vehicle Solutions Limited

Financial Statements

Year ended 31 December 2022

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

Kent Vehicle Solutions Limited

Statement of Financial Position

31 December 2022

	2022		2021
Note	£	£	£

Fixed assets

Investments	5		265,930	265,930

Current assets

Cash at bank and in hand	26,945		26,988

Creditors: amounts falling due within one year	6	62,702		101,725
		--------		---------
Net current liabilities			35,757	74,737
			---------	---------
Total assets less current liabilities			230,173	191,193
			---------	---------
Net assets			230,173	191,193
			---------	---------

Capital and reserves

Called up share capital	4	4
Profit and loss account	230,169	191,189
	---------	---------
Shareholders funds	230,173	191,193
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2022 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 5 September 2023 , and are signed on behalf of the board by:

Mr P S Anderson	Mr T J Wood
Director	Director

Company registration number: 08754781

Kent Vehicle Solutions Limited

Notes to the Financial Statements

Year ended 31 December 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 80 Chatfield Way, East Malling, West Malling, Kent, ME19 6UE, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Government grants

Government grants are recognised using the accrual model and the performance model.Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in in the period in which it becomes receivable.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2021: 3 ).

5. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2022 and 31 December 2022	265,930
	---------
Impairment
At 1 January 2022 and 31 December 2022	–
	---------

Carrying amount
At 31 December 2022	265,930
	---------
At 31 December 2021	265,930
	---------

6. Creditors: amounts falling due within one year

	2022	2021
	£	£
Corporation tax	17,084	18,744
Social security and other taxes	6,917	6,481
Other creditors	38,701	76,500
	--------	---------
	62,702	101,725
	--------	---------