Company registration number 04243206 (England and Wales)
J. & R. KILLICK LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
J. & R. KILLICK LTD
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
J. & R. KILLICK LTD (REGISTERED NUMBER: 04243206)
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
30 June 2024
31 March 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
7,557
623,283
Current assets
Stocks
8,787
14,028
Debtors
4
17,269
15,852
Cash at bank and in hand
1,497,459
1,409,155
1,523,515
1,439,035
Creditors: amounts falling due within one year
5
(289,919)
(179,049)
Net current assets
1,233,596
1,259,986
Net assets
1,241,153
1,883,269
Capital and reserves
Called up share capital
1,000
1,000
Non-distributable profits reserve
6
-
0
373,900
Distributable profit and loss reserves
1,240,153
1,508,369
Total equity
1,241,153
1,883,269

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Period ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 30 July 2024 and are signed on its behalf by:
Mr Peter Killick
Director
J. & R. KILLICK LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 JUNE 2024
- 2 -
Share capital
Non-distri-butable profits
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 April 2022
1,000
373,900
1,345,081
1,719,981
Year ended 31 March 2023:
Profit and total comprehensive income
-
-
163,288
163,288
Balance at 31 March 2023
1,000
373,900
1,508,369
1,883,269
Period ended 30 June 2024:
Profit and total comprehensive income
-
(373,900)
434,426
60,526
Dividends
-
-
(702,642)
(702,642)
Balance at 30 June 2024
1,000
-
0
1,240,153
1,241,153
J. & R. KILLICK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information

J. & R. Killick Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 112 High Street, West Wickham, Kent, BR4 0ND.

1.1
Reporting period

These accounts are prepared for the 15 months to the 30th June 2024. The reason for the longer period is due to the company ceasing to trade on the 28th June 2024. Therefore the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Straight line over 18 years
Plant and equipment
Straight line over 15 years
Motor vehicles
Straight line over 10 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

J. & R. KILLICK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2024
2023
Number
Number
Total
11
17
3
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2023
595,900
143,360
730,230
1,469,490
Disposals
(595,900)
-
0
-
0
(595,900)
At 30 June 2024
-
0
143,360
730,230
873,590
Depreciation and impairment
At 1 April 2023
14,700
123,868
707,639
846,207
Depreciation charged in the Period
-
0
11,935
22,591
34,526
Eliminated in respect of disposals
(14,700)
-
0
-
0
(14,700)
At 30 June 2024
-
0
135,803
730,230
866,033
Carrying amount
At 30 June 2024
-
0
7,557
-
0
7,557
At 31 March 2023
581,200
19,492
22,591
623,283
J. & R. KILLICK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
- 5 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
17,269
14,852
Other debtors
-
0
1,000
17,269
15,852
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
35,843
61,074
Taxation and social security
175,687
96,026
Other creditors
78,389
21,949
289,919
179,049
6
Non-distributable profits reserve
2024
2023
£
£
At the beginning of the Period
373,900
373,900
Non distributable profits in the Period
(373,900)
-
At the end of the Period
-
373,900
7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
-
0
576,000
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