Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Caroline Kersey 08/04/2014 James Kersey 08/04/2014 19 September 2024 The principal activity of the Company during the financial year was eye surgery. 08985945 2024-03-31 08985945 bus:Director1 2024-03-31 08985945 bus:Director2 2024-03-31 08985945 2023-03-31 08985945 core:CurrentFinancialInstruments 2024-03-31 08985945 core:CurrentFinancialInstruments 2023-03-31 08985945 core:ShareCapital 2024-03-31 08985945 core:ShareCapital 2023-03-31 08985945 core:RetainedEarningsAccumulatedLosses 2024-03-31 08985945 core:RetainedEarningsAccumulatedLosses 2023-03-31 08985945 core:CostValuation 2023-03-31 08985945 core:CostValuation 2024-03-31 08985945 2023-04-01 2024-03-31 08985945 bus:FilletedAccounts 2023-04-01 2024-03-31 08985945 bus:SmallEntities 2023-04-01 2024-03-31 08985945 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08985945 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08985945 bus:Director1 2023-04-01 2024-03-31 08985945 bus:Director2 2023-04-01 2024-03-31 08985945 core:PlantMachinery core:TopRangeValue 2023-04-01 2024-03-31 08985945 core:OfficeEquipment core:TopRangeValue 2023-04-01 2024-03-31 08985945 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 08985945 (England and Wales)

JAMES KERSEY LTD

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

JAMES KERSEY LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

JAMES KERSEY LTD

BALANCE SHEET

As at 31 March 2024
JAMES KERSEY LTD

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 835 0
Investments 3 100,000 100,000
100,835 100,000
Current assets
Debtors 4 20,427 7,211
Cash at bank and in hand 42,099 56,748
62,526 63,959
Creditors: amounts falling due within one year 5 ( 41,844) ( 30,698)
Net current assets 20,682 33,261
Total assets less current liabilities 121,517 133,261
Net assets 121,517 133,261
Capital and reserves
Called-up share capital 100 100
Profit and loss account 121,417 133,161
Total shareholders' funds 121,517 133,261

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of James Kersey Ltd (registered number: 08985945) were approved and authorised for issue by the Board of Directors on 19 September 2024. They were signed on its behalf by:

James Kersey
Director
JAMES KERSEY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
JAMES KERSEY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

James Kersey Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 10 Highland Road, Wimborne, BH21 2QN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery 4 years straight line
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

Listed investments Other investments Total
£ £ £
Cost or valuation before impairment
At 01 April 2023 85,000 15,000 100,000
At 31 March 2024 85,000 15,000 100,000
Carrying value at 31 March 2024 85,000 15,000 100,000
Carrying value at 31 March 2023 85,000 15,000 100,000

The fair value of listed investments was determined with reference to the quoted market price at the reporting date. The cost of the shares on acquisition was £85,000. Other investments are held at cost less impairment because their fair value cannot be measured reliably.

The market value of the listed investments at 31 March 2024 was £.... (2023: £101,808.27).

4. Debtors

2024 2023
£ £
Trade debtors 19,633 6,235
Other debtors 794 976
20,427 7,211

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 19 1,815
Taxation and social security 36,590 24,885
Other creditors 5,235 3,998
41,844 30,698