Registered number
NI676235
Kilkeel Nursery Limited
Filleted Accounts
31 March 2024
Kilkeel Nursery Limited
Registered number: NI676235
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 10,000 10,000
Current assets
Stocks 4,000 20,000
Debtors 4 84,921 116,925
88,921 136,925
Creditors: amounts falling due within one year 5 (3,653) (46,855)
Net current assets 85,268 90,070
Net assets 95,268 100,070
Capital and reserves
Called up share capital 100 100
Profit and loss account 95,168 99,970
Shareholders' funds 95,268 100,070
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
David Campbell
Director
Approved by the board on 18 July 2024
Kilkeel Nursery Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 April 2023 10,000
At 31 March 2024 10,000
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 10,000
At 31 March 2023 10,000
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 84,921 116,925
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,212 1,044
Taxation and social security costs 1,735 5,453
Directors account - 39,964
Other creditors 706 394
3,653 46,855
6 Related party transactions
Leestone Sand & Gravel Limited is a related party to Kilkeel Nursery Ltd by virtue of common ownership. Monies due from the related party have been shown in note 4.
7 Controlling party
The controlling party has been identified as the director and shareholder, David Campbell.
8 Other information
Kilkeel Nursery Limited is a private company limited by shares and incorporated in N. Ireland. Its registered office is:
10c Marcus Square
Newry
Co Down
BT34 1AE
Kilkeel Nursery Limited NI676235 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 David Campbell No description of principal activity NI676235 2022-04-01 2023-03-31 NI676235 core:WithinOneYear 2023-03-31 NI676235 core:ShareCapital 2023-03-31 NI676235 core:RetainedEarningsAccumulatedLosses 2023-03-31 NI676235 2023-04-01 2024-03-31 NI676235 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI676235 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 NI676235 bus:Director40 2023-04-01 2024-03-31 NI676235 1 2023-04-01 2024-03-31 NI676235 2 2023-04-01 2024-03-31 NI676235 countries:England 2023-04-01 2024-03-31 NI676235 bus:FRS102 2023-04-01 2024-03-31 NI676235 bus:FilletedAccounts 2023-04-01 2024-03-31 NI676235 2024-03-31 NI676235 core:WithinOneYear 2024-03-31 NI676235 core:ShareCapital 2024-03-31 NI676235 core:RetainedEarningsAccumulatedLosses 2024-03-31 NI676235 core:PlantMachinery 2024-03-31 NI676235 2023-03-31 NI676235 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure