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REGISTERED NUMBER: 06477399 (England and Wales)










John Kelly Construction Services Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






John Kelly Construction Services Limited (Registered number: 06477399)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


John Kelly Construction Services Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: Mr J P W Kelly





SECRETARY: Ms L M E Kelly





REGISTERED OFFICE: Penrallt, Llanddaniel
Gaerwen
Anglesey
LL60 6DY





REGISTERED NUMBER: 06477399 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

John Kelly Construction Services Limited (Registered number: 06477399)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,738,639 1,686,397

CURRENT ASSETS
Stocks 94,363 289,265
Debtors 5 1,137,284 871,160
Cash at bank 302,359 168,068
1,534,006 1,328,493
CREDITORS
Amounts falling due within one year 6 1,248,978 993,699
NET CURRENT ASSETS 285,028 334,794
TOTAL ASSETS LESS CURRENT LIABILITIES 2,023,667 2,021,191

CREDITORS
Amounts falling due after more than one year 7 (371,859 ) (379,564 )

PROVISIONS FOR LIABILITIES (246,284 ) (163,609 )
NET ASSETS 1,405,524 1,478,018

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,405,324 1,477,818
1,405,524 1,478,018

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

John Kelly Construction Services Limited (Registered number: 06477399)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





Mr J P W Kelly - Director


John Kelly Construction Services Limited (Registered number: 06477399)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

John Kelly Construction Services Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 20% on cost
Plant and machinery etc - 33% on cost, 25% on reducing balance, 20% on reducing balance and 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

John Kelly Construction Services Limited (Registered number: 06477399)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 24 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 860,078 1,446,233 2,306,311
Additions - 262,137 262,137
At 31 December 2023 860,078 1,708,370 2,568,448
DEPRECIATION
At 1 January 2023 34,780 585,134 619,914
Charge for year 71,625 138,270 209,895
At 31 December 2023 106,405 723,404 829,809
NET BOOK VALUE
At 31 December 2023 753,673 984,966 1,738,639
At 31 December 2022 825,298 861,099 1,686,397

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 935,302
Additions 262,137
At 31 December 2023 1,197,439
DEPRECIATION
At 1 January 2023 341,741
Charge for year 104,681
At 31 December 2023 446,422
NET BOOK VALUE
At 31 December 2023 751,017
At 31 December 2022 593,561

John Kelly Construction Services Limited (Registered number: 06477399)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 925,127 503,560
Amounts owed by related parties - 180,150
Other debtors 41,622 45,673
966,749 729,383

Amounts falling due after more than one year:
Trade debtors 170,535 141,777

Aggregate amounts 1,137,284 871,160

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 109,364 109,364
Hire purchase contracts 181,108 153,736
Trade creditors 746,433 597,583
Amounts owed to group undertakings 94,840 -
Taxation and social security 73,490 31,736
Other creditors 43,743 101,280
1,248,978 993,699

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 89,335 159,336
Hire purchase contracts 65,819 55,070
Other creditors 216,705 165,158
371,859 379,564

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £168,000 were paid to the director .