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REGISTERED NUMBER: 06266105 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

KERNON KELLEHER SOLICITORS LIMITED

KERNON KELLEHER SOLICITORS LIMITED (REGISTERED NUMBER: 06266105)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KERNON KELLEHER SOLICITORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: N S Kernon
S Kelleher





REGISTERED OFFICE: 7 Barnack Walk
Blandford Forum
Dorset
DT11 7AL





REGISTERED NUMBER: 06266105 (England and Wales)





ACCOUNTANTS: Andrews and Palmer
Chartered Accountants
32 The Square
Gillingham
Dorset
SP8 4AR

KERNON KELLEHER SOLICITORS LIMITED (REGISTERED NUMBER: 06266105)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,903 40,256
Investments 5 3,286 3,286
41,189 43,542

CURRENT ASSETS
Debtors 6 180,421 143,245
Cash at bank and in hand 378,129 209,429
558,550 352,674
CREDITORS
Amounts falling due within one year 7 157,569 120,349
NET CURRENT ASSETS 400,981 232,325
TOTAL ASSETS LESS CURRENT
LIABILITIES

442,170

275,867

CREDITORS
Amounts falling due after more than one
year

8

(20,833

)

(30,823

)

PROVISIONS FOR LIABILITIES (5,590 ) (6,050 )
NET ASSETS 415,747 238,994

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 415,647 238,894
SHAREHOLDERS' FUNDS 415,747 238,994

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

KERNON KELLEHER SOLICITORS LIMITED (REGISTERED NUMBER: 06266105)

BALANCE SHEET - continued
30 JUNE 2023


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 13 November 2023 and were signed on its behalf by:




N S Kernon - Director



S Kelleher - Director


KERNON KELLEHER SOLICITORS LIMITED (REGISTERED NUMBER: 06266105)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Kernon Kelleher Solicitors 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 30 June 2023 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with FRS 105, the date of transition to FRS 102 Section 1A is 1 July 2021.

Turnover
Turnover represents the value of services provided during the period, net of VAT. Turnover is recognised when the service is provided to the customer. Unbilled turnover is included in debtors as accrued income.

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 shorter.

Improvements to property-3% on cost
Plant and machinery-25% on reducing balance

Financial instruments
Basic financial instruments are measured at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.

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.

KERNON KELLEHER SOLICITORS LIMITED (REGISTERED NUMBER: 06266105)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued

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.

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 13 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 July 2022 17,080 49,901 66,981
Additions - 5,630 5,630
Disposals - (930 ) (930 )
At 30 June 2023 17,080 54,601 71,681
DEPRECIATION
At 1 July 2022 1,024 25,701 26,725
Charge for year 512 7,453 7,965
Eliminated on disposal - (912 ) (912 )
At 30 June 2023 1,536 32,242 33,778
NET BOOK VALUE
At 30 June 2023 15,544 22,359 37,903
At 30 June 2022 16,056 24,200 40,256

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2022
and 30 June 2023 3,286
NET BOOK VALUE
At 30 June 2023 3,286
At 30 June 2022 3,286

KERNON KELLEHER SOLICITORS LIMITED (REGISTERED NUMBER: 06266105)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 13,924 36,328
Other debtors 10,907 10,800
Accrued income 139,743 84,484
Prepayments 15,847 11,633
180,421 143,245

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 10,000 10,000
Taxation and social security 128,975 101,574
Other creditors 18,594 8,775
157,569 120,349

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 20,833 30,823

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.23 30.6.22
£    £   
Within one year 60,977 47,349
Between one and five years 123,221 115,697
In more than five years 57,751 52,769
241,949 215,815

10. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100