Kent Telephones Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04186861 (England and Wales)

Financial Statements for the Year Ended 31 March 2023

for

Kent Telephones Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTORS:

Dr G Musselbrook

Mrs M D Musselbrook

D J Wheatley

SECRETARY:

Mrs M D Musselbrook

REGISTERED OFFICE:

351 Northdown Road

Margate

Kent

CT9 3PB

REGISTERED NUMBER:

04186861 (England and Wales)

ACCOUNTANTS:

MPH Accountancy and Business Advisors Ltd

99 Canterbury Road

Whitstable

Kent

CT5 4HG

FIXED ASSETS

Tangible assets

4

12,442

16,050

CURRENT ASSETS

Stocks

7,900

8,800

Debtors

5

3,606

18,716

Investments

6

33,000

33,000

Cash at bank

118,071

101,038

162,577

161,554

CREDITORS

Amounts falling due within one year

7

61,866

47,362

NET CURRENT ASSETS

100,711

114,192

TOTAL ASSETS LESS CURRENT LIABILITIES

113,153

130,242

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

113,149

130,238

SHAREHOLDERS' FUNDS

113,153

130,242

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 August 2023 and were signed on its behalf by:

Mrs M D Musselbrook - Director

1.	STATUTORY INFORMATION

Kent Telephones 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 etc

-

20% on reducing balance

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 Income Statement, 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 8 (2022 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

21,400

Additions

539

At 31 March 2023

21,939

DEPRECIATION

At 1 April 2022

5,350

Charge for year

4,147

At 31 March 2023

9,497

NET BOOK VALUE

At 31 March 2023

12,442

At 31 March 2022

16,050

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

3,381

9,460

Deposits

225

225

Tax

-

9,031

3,606

18,716

6.	CURRENT ASSET INVESTMENTS

2023

2022

£

£

Unlisted investments

33,000

33,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

5,519

5,572

Social security and other taxes

264

343

VAT

13,850

11,675

Directors' current accounts

40,093

27,722

Accrued expenses

2,140

2,050

61,866

47,362

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

MPH Accountancy and Business Advisors Ltd

99 Canterbury Road

Whitstable

Kent

CT5 4HG

3 August 2023