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REGISTERED NUMBER: 03936477 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

IJS KIRKMAN LIMITED

IJS KIRKMAN LIMITED (REGISTERED NUMBER: 03936477)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IJS KIRKMAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr I J S Kirkman
Mrs FJ Kirkman





SECRETARY: Mrs FJ Kirkman





REGISTERED OFFICE: C/O Mark J Rees LLP
Granville Hall
Granville Road
Leicester
Leicestershire
LE1 7RU





REGISTERED NUMBER: 03936477 (England and Wales)

IJS KIRKMAN LIMITED (REGISTERED NUMBER: 03936477)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 58,687 2,041
Investments 6 30,364 30,364
89,051 32,405

CURRENT ASSETS
Debtors 7 107,370 448,407
Cash at bank and in hand 105,852 14,208
213,222 462,615
CREDITORS
Amounts falling due within one year 8 16,580 187,481
NET CURRENT ASSETS 196,642 275,134
TOTAL ASSETS LESS CURRENT
LIABILITIES

285,693

307,539

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 285,593 307,439
SHAREHOLDERS' FUNDS 285,693 307,539

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

IJS KIRKMAN LIMITED (REGISTERED NUMBER: 03936477)

BALANCE SHEET - continued
31 MARCH 2024


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 Board of Directors and authorised for issue on 17 August 2024 and were signed on its behalf by:





Mr I J S Kirkman - Director


IJS KIRKMAN LIMITED (REGISTERED NUMBER: 03936477)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

IJS Kirkman 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 represents net invoiced sales of services, excluding value added tax. It is recognised at the point the service is provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - over 3 years
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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.


IJS KIRKMAN LIMITED (REGISTERED NUMBER: 03936477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

Investments
Investments are included at cost. Profits or losses arising from disposal of fixed asset investments are treated as part of the result from ordinary activities.

Investment income
Investment income comprises of dividends and is accounted for on a receivable basis.

Debtors
Short term debtors are measured at transaction price

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 11,815
AMORTISATION
At 1 April 2023
and 31 March 2024 11,815
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

IJS KIRKMAN LIMITED (REGISTERED NUMBER: 03936477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 - 258 - 5,631 5,889
Additions 6,489 - 70,000 1,791 78,280
At 31 March 2024 6,489 258 70,000 7,422 84,169
DEPRECIATION
At 1 April 2023 - 78 - 3,770 3,848
Charge for year 1,622 38 17,500 2,474 21,634
At 31 March 2024 1,622 116 17,500 6,244 25,482
NET BOOK VALUE
At 31 March 2024 4,867 142 52,500 1,178 58,687
At 31 March 2023 - 180 - 1,861 2,041

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 82,476
PROVISIONS
At 1 April 2023
and 31 March 2024 52,112
NET BOOK VALUE
At 31 March 2024 30,364
At 31 March 2023 30,364

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 87,434 447,817
Other debtors 19,936 590
107,370 448,407

IJS KIRKMAN LIMITED (REGISTERED NUMBER: 03936477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,036 14,372
Trade creditors - 22
Taxation and social security 1,716 6,216
Other creditors 2,828 166,871
16,580 187,481

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr I J S Kirkman
Balance outstanding at start of year (164,947 ) (114,530 )
Amounts advanced 241,935 26,083
Amounts repaid (59,500 ) (76,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,488 (164,947 )

The loan to directors is interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The immediate and ultimate controlling party is Mr & Mrs IJS Kirkman, the directors, who own 100% of the issued share capital of the company.