Anderson Kelly Distribution Ltd NI695562 false 2023-03-20 2024-03-31 2024-03-31 The principal activity of the company is the distribution and wholesale of construction consumables. Digita Accounts Production Advanced 6.30.9574.0 true true NI695562 2023-03-20 2024-03-31 NI695562 2024-03-31 NI695562 core:CurrentFinancialInstruments 2024-03-31 NI695562 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 NI695562 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 NI695562 core:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 NI695562 core:FurnitureFittingsToolsEquipment 2024-03-31 NI695562 bus:SmallEntities 2023-03-20 2024-03-31 NI695562 bus:AuditExemptWithAccountantsReport 2023-03-20 2024-03-31 NI695562 bus:FullAccounts 2023-03-20 2024-03-31 NI695562 bus:SmallCompaniesRegimeForAccounts 2023-03-20 2024-03-31 NI695562 bus:RegisteredOffice 2023-03-20 2024-03-31 NI695562 bus:Director1 2023-03-20 2024-03-31 NI695562 bus:Director2 2023-03-20 2024-03-31 NI695562 bus:PrivateLimitedCompanyLtd 2023-03-20 2024-03-31 NI695562 bus:Agent1 2023-03-20 2024-03-31 NI695562 core:PatentsTrademarksLicencesConcessionsSimilar 2023-03-20 2024-03-31 NI695562 core:FurnitureFittingsToolsEquipment 2023-03-20 2024-03-31 NI695562 countries:NorthernIreland 2023-03-20 2024-03-31 iso4217:GBP xbrli:pure

Registration number: NI695562

Anderson Kelly Distribution Ltd

Unaudited Filleted Financial Statements

for the Period from 20 March 2023 to 31 March 2024

 

Anderson Kelly Distribution Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Anderson Kelly Distribution Ltd

Company Information

Directors

Mr Jack Robert Kelly

Mr Harris Larry Anderson

Registered office

176C Largy Road
Ahoghill
Ballymena
Co Antrim
BT42 2RH
Northern Ireland

Bankers

NatWest
148 High Street
Chatham
Co Kent
ME4 4DB
England

Accountants

TB Millar & Co
6 Doagh Road
Ballyclare
Co Antrim
BT39 9BG
Northern Ireland

 

Anderson Kelly Distribution Ltd

(Registration number: NI695562)
Balance Sheet as at 31 March 2024

Note

2024
£

Fixed assets

 

Intangible assets

4

214

Tangible assets

5

1,613

 

1,827

Current assets

 

Stocks

6

6,450

Debtors

7

4,214

Cash at bank and in hand

 

19,241

 

29,905

Creditors: Amounts falling due within one year

8

(15,559)

Net current assets

 

14,346

Total assets less current liabilities

 

16,173

Creditors: Amounts falling due after more than one year

8

(3,848)

Provisions for liabilities

(306)

Net assets

 

12,019

Capital and reserves

 

Called up share capital

9

2

Retained earnings

12,017

Shareholders' funds

 

12,019

For the financial period ending 31 March 2024 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 accounts for the period in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Anderson Kelly Distribution Ltd

(Registration number: NI695562)
Balance Sheet as at 31 March 2024

Approved and authorised by the Board on 1 May 2024 and signed on its behalf by:
 

.........................................
Mr Jack Robert Kelly
Director

 

Anderson Kelly Distribution Ltd

Notes to the Unaudited Financial Statements for the Period from 20 March 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
176C Largy Road
Ahoghill
Ballymena
Co Antrim
BT42 2RH
Northern Ireland

The principal place of business is:
Unit F18
48 Mill Lane
Liverpool
Co Merseyside
L13 5TF
England

These financial statements were authorised for issue by the Board on 1 May 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Anderson Kelly Distribution Ltd

Notes to the Unaudited Financial Statements for the Period from 20 March 2023 to 31 March 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Anderson Kelly Distribution Ltd

Notes to the Unaudited Financial Statements for the Period from 20 March 2023 to 31 March 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

 

Anderson Kelly Distribution Ltd

Notes to the Unaudited Financial Statements for the Period from 20 March 2023 to 31 March 2024

4

Intangible assets

Trademarks, patents and licenses
 £

Total
£

Cost or valuation

Additions acquired separately

220

220

At 31 March 2024

220

220

Amortisation

Amortisation charge

6

6

At 31 March 2024

6

6

Carrying amount

At 31 March 2024

214

214

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

2,129

2,129

At 31 March 2024

2,129

2,129

Depreciation

Charge for the period

516

516

At 31 March 2024

516

516

Carrying amount

At 31 March 2024

1,613

1,613

6

Stocks

2024
£

Finished goods and goods for resale

6,450

 

Anderson Kelly Distribution Ltd

Notes to the Unaudited Financial Statements for the Period from 20 March 2023 to 31 March 2024

7

Debtors

Current

2024
£

Trade debtors

134

Prepayments

4,080

 

4,214

8

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

2,638

Taxation and social security

8,525

Other creditors

4,396

15,559

Creditors: amounts falling due after more than one year

2024
£

Due after one year

Other non-current financial liabilities

3,848

9

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordinary shares of £1 each

2

2