2023-01-012023-12-312023-12-31falseSC147743J. KELLY & SONS LIMITED2024-09-0901420iso4217:GBPxbrli:pureSC1477432023-01-01SC1477432023-12-31SC1477432023-01-012023-12-31SC1477432022-01-01SC1477432022-12-31SC1477432022-01-012022-12-31SC147743bus:SmallEntities2023-01-012023-12-31SC147743bus:AuditExempt-NoAccountantsReport2023-01-012023-12-31SC147743bus:FullAccounts2023-01-012023-12-31SC147743bus:PrivateLimitedCompanyLtd2023-01-012023-12-31SC147743core:WithinOneYear2023-12-31SC147743core:AfterOneYear2023-12-31SC147743core:WithinOneYear2022-12-31SC147743core:AfterOneYear2022-12-31SC147743core:ShareCapital2023-12-31SC147743core:SharePremium2023-12-31SC147743core:RevaluationReserve2023-12-31SC147743core:OtherReservesSubtotal2023-12-31SC147743core:RetainedEarningsAccumulatedLosses2023-12-31SC147743core:ShareCapital2022-12-31SC147743core:SharePremium2022-12-31SC147743core:RevaluationReserve2022-12-31SC147743core:OtherReservesSubtotal2022-12-31SC147743core:RetainedEarningsAccumulatedLosses2022-12-31SC147743core:LandBuildings2023-12-31SC147743core:PlantMachinery2023-12-31SC147743core:Vehicles2023-12-31SC147743core:FurnitureFittings2023-12-31SC147743core:OfficeEquipment2023-12-31SC147743core:NetGoodwill2023-12-31SC147743core:IntangibleAssetsOtherThanGoodwill2023-12-31SC147743core:ListedExchangeTraded2023-12-31SC147743core:UnlistedNon-exchangeTraded2023-12-31SC147743core:LandBuildings2022-12-31SC147743core:PlantMachinery2022-12-31SC147743core:Vehicles2022-12-31SC147743core:FurnitureFittings2022-12-31SC147743core:OfficeEquipment2022-12-31SC147743core:NetGoodwill2022-12-31SC147743core:IntangibleAssetsOtherThanGoodwill2022-12-31SC147743core:ListedExchangeTraded2022-12-31SC147743core:UnlistedNon-exchangeTraded2022-12-31SC147743core:LandBuildings2023-01-012023-12-31SC147743core:PlantMachinery2023-01-012023-12-31SC147743core:Vehicles2023-01-012023-12-31SC147743core:FurnitureFittings2023-01-012023-12-31SC147743core:OfficeEquipment2023-01-012023-12-31SC147743core:NetGoodwill2023-01-012023-12-31SC147743core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-31SC147743core:ListedExchangeTraded2023-01-012023-12-31SC147743core:UnlistedNon-exchangeTraded2023-01-012023-12-31SC147743core:MoreThanFiveYears2023-01-012023-12-31SC147743core:Non-currentFinancialInstruments2023-12-31SC147743core:Non-currentFinancialInstruments2022-12-31SC147743dpl:CostSales2023-01-012023-12-31SC147743dpl:DistributionCosts2023-01-012023-12-31SC147743core:LandBuildings2023-01-012023-12-31SC147743core:PlantMachinery2023-01-012023-12-31SC147743core:Vehicles2023-01-012023-12-31SC147743core:FurnitureFittings2023-01-012023-12-31SC147743core:OfficeEquipment2023-01-012023-12-31SC147743dpl:AdministrativeExpenses2023-01-012023-12-31SC147743core:NetGoodwill2023-01-012023-12-31SC147743core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-31SC147743dpl:GroupUndertakings2023-01-012023-12-31SC147743dpl:ParticipatingInterests2023-01-012023-12-31SC147743dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-31SC147743core:ListedExchangeTraded2023-01-012023-12-31SC147743dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-31SC147743core:UnlistedNon-exchangeTraded2023-01-012023-12-31SC147743dpl:CostSales2022-01-012022-12-31SC147743dpl:DistributionCosts2022-01-012022-12-31SC147743core:LandBuildings2022-01-012022-12-31SC147743core:PlantMachinery2022-01-012022-12-31SC147743core:Vehicles2022-01-012022-12-31SC147743core:FurnitureFittings2022-01-012022-12-31SC147743core:OfficeEquipment2022-01-012022-12-31SC147743dpl:AdministrativeExpenses2022-01-012022-12-31SC147743core:NetGoodwill2022-01-012022-12-31SC147743core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-31SC147743dpl:GroupUndertakings2022-01-012022-12-31SC147743dpl:ParticipatingInterests2022-01-012022-12-31SC147743dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-31SC147743core:ListedExchangeTraded2022-01-012022-12-31SC147743dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-31SC147743core:UnlistedNon-exchangeTraded2022-01-012022-12-31SC147743core:NetGoodwill2023-12-31SC147743core:IntangibleAssetsOtherThanGoodwill2023-12-31SC147743core:LandBuildings2023-12-31SC147743core:PlantMachinery2023-12-31SC147743core:Vehicles2023-12-31SC147743core:FurnitureFittings2023-12-31SC147743core:OfficeEquipment2023-12-31SC147743core:AfterOneYear2023-12-31SC147743core:WithinOneYear2023-12-31SC147743core:ListedExchangeTraded2023-12-31SC147743core:UnlistedNon-exchangeTraded2023-12-31SC147743core:ShareCapital2023-12-31SC147743core:SharePremium2023-12-31SC147743core:RevaluationReserve2023-12-31SC147743core:OtherReservesSubtotal2023-12-31SC147743core:RetainedEarningsAccumulatedLosses2023-12-31SC147743core:NetGoodwill2022-12-31SC147743core:IntangibleAssetsOtherThanGoodwill2022-12-31SC147743core:LandBuildings2022-12-31SC147743core:PlantMachinery2022-12-31SC147743core:Vehicles2022-12-31SC147743core:FurnitureFittings2022-12-31SC147743core:OfficeEquipment2022-12-31SC147743core:AfterOneYear2022-12-31SC147743core:WithinOneYear2022-12-31SC147743core:Liste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J. KELLY & SONS LIMITED

Registered Number
SC147743
(Scotland)

Unaudited Financial Statements for the Year ended
31 December 2023

J. KELLY & SONS LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

KELLY, Andrew Semple

Company Secretary

DAVIDSON, Emily

Registered Address

Airdrie Farm
Kirkbean
Dumfries
DG2 8AB

Registered Number

SC147743 (Scotland)
J. KELLY & SONS LIMITED
Statement of Financial Position
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3296,711129,583
296,711129,583
Current assets
Stocks4599,248514,084
Debtors577,65421,794
Cash at bank and on hand752,998971,405
1,429,9001,507,283
Creditors amounts falling due within one year6(1,285,560)(1,269,363)
Net current assets (liabilities)144,340237,920
Total assets less current liabilities441,051367,503
Provisions for liabilities7(50,600)(14,400)
Net assets390,451353,103
Capital and reserves
Called up share capital10,00010,000
Profit and loss account380,451343,103
Shareholders' funds390,451353,103
The financial statements were approved and authorised for issue by the Director on 9 September 2024, and are signed on its behalf by:
KELLY, Andrew Semple
Director
Registered Company No. SC147743
J. KELLY & SONS LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page. The ultimate controlling party is J Kelly & Sons (Hamilton) Limited, a company incorporated in Scotland. That company was under the control of the John Kelly 1995 Trust, being the majority shareholder in the parent company. The address of the parent company is Airdrie Farm, Kirkbean, Dumfries DG2 8AB.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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/or 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.
Employee benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery4
Vehicles4
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement
Trade and other 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.
Trade and other 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.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20232022
Average number of employees during the year34
3.Tangible fixed assets

Plant & machinery

Vehicles

Total

£££
Cost or valuation
At 01 January 2396,44976,327172,776
Additions199,295107,854307,149
Disposals-(76,327)(76,327)
At 31 December 23295,744107,854403,598
Depreciation and impairment
At 01 January 2324,11219,08143,193
Charge for year55,81226,96382,775
On disposals-(19,081)(19,081)
At 31 December 2379,92426,963106,887
Net book value
At 31 December 23215,82080,891296,711
At 31 December 2272,33757,246129,583
4.Stocks

2023

2022

££
Other stocks599,248514,084
Total599,248514,084
5.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables35,4544,153
Other debtors34,73915,205
Prepayments and accrued income7,4612,436
Total77,65421,794
6.Creditors: amounts due within one year

2023

2022

££
Amounts owed to related parties1,207,8621,169,582
Taxation and social security1,8911,591
Accrued liabilities and deferred income75,80798,190
Total1,285,5601,269,363
7.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)50,60014,400
Total50,60014,400
8.Pension commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. At the balance sheet date, the company owed the pension fund £433 (2022: £134).