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REGISTERED NUMBER: 02792644 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

KERRY PLANT & TRANSPORT LTD

KERRY PLANT & TRANSPORT LTD (REGISTERED NUMBER: 02792644)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KERRY PLANT & TRANSPORT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: T J McNamara
N T Cole





SECRETARY: E C McNamara





REGISTERED OFFICE: 108 The Hundred
Romsey
Hampshire
SO51 8BY





REGISTERED NUMBER: 02792644 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

KERRY PLANT & TRANSPORT LTD (REGISTERED NUMBER: 02792644)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 354,460 416,554

CURRENT ASSETS
Stocks 5 250,298 250,298
Debtors 6 33,417 15,252
Cash at bank 169,322 155,974
453,037 421,524
CREDITORS
Amounts falling due within one year 7 58,222 92,207
NET CURRENT ASSETS 394,815 329,317
TOTAL ASSETS LESS CURRENT
LIABILITIES

749,275

745,871

CREDITORS
Amounts falling due after more than one
year

8

(21,318

)

(30,833

)

PROVISIONS FOR LIABILITIES (88,412 ) (78,942 )
NET ASSETS 639,545 636,096

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 639,445 635,996
SHAREHOLDERS' FUNDS 639,545 636,096

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

KERRY PLANT & TRANSPORT LTD (REGISTERED NUMBER: 02792644)

BALANCE SHEET - continued
31 MAY 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 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 30 November 2023 and were signed on its behalf by:





N T Cole - Director


KERRY PLANT & TRANSPORT LTD (REGISTERED NUMBER: 02792644)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Kerry Plant & Transport 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 represents work done during the period, exclusive of Value Added Tax.

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 - 15% on reducing balance
Commercial vehicles - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 15% on reducing balance

Fixed assets are initially recorded at 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.


KERRY PLANT & TRANSPORT LTD (REGISTERED NUMBER: 02792644)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued
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.

Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

KERRY PLANT & TRANSPORT LTD (REGISTERED NUMBER: 02792644)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. TANGIBLE FIXED ASSETS
Plant and Commercial Motor Office
machinery vehicles vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022
and 31 May 2023 1,378,712 45,001 9,100 551 1,433,364
DEPRECIATION
At 1 June 2022 968,379 38,850 9,030 551 1,016,810
Charge for year 60,538 1,538 18 - 62,094
At 31 May 2023 1,028,917 40,388 9,048 551 1,078,904
NET BOOK VALUE
At 31 May 2023 349,795 4,613 52 - 354,460
At 31 May 2022 410,333 6,151 70 - 416,554

5. STOCKS
2023 2022
£    £   
Work-in-progress 250,298 250,298

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 32,609 14,419
Other debtors 808 833
33,417 15,252

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 214 552
Taxation and social security 30,191 9,887
Other creditors 17,817 71,768
58,222 92,207

KERRY PLANT & TRANSPORT LTD (REGISTERED NUMBER: 02792644)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 21,318 30,833

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 31,318 40,833

10. RELATED PARTY DISCLOSURES

TRANSACTIONS WITH DIRECTORS

A non interest bearing loan on which no terms of repayment have been agreed. The amount due to a director at the balance sheet date amounted to £7,553 (2022 - £394).

TRANSACTIONS WITH COMPANIES UNDER COMMON OWNERSHIP

A non interest bearing loan on which no terms of repayment have been agreed. The amount due to a company under common ownership at the balance sheet date amounted to £NIL (2022 - £65,000).