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REGISTERED NUMBER: 13219820 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

JAMES KILNER LIMITED

JAMES KILNER LIMITED (REGISTERED NUMBER: 13219820)






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


JAMES KILNER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: J D Kilner





REGISTERED OFFICE: 12 Victoria Road
Barnsley
United Kingdom
South Yorkshire
S70 2BB





REGISTERED NUMBER: 13219820 (England and Wales)





ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB

JAMES KILNER LIMITED (REGISTERED NUMBER: 13219820)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 175,000 200,000
Tangible assets 5 51,454 12,000
226,454 212,000

CURRENT ASSETS
Debtors 6 1,410 -
Cash at bank 204,074 154,018
205,484 154,018
CREDITORS
Amounts falling due within one year 7 120,653 111,428
NET CURRENT ASSETS 84,831 42,590
TOTAL ASSETS LESS CURRENT
LIABILITIES

311,285

254,590

PROVISIONS FOR LIABILITIES 2,174 -
NET ASSETS 309,111 254,590

CAPITAL AND RESERVES
Called up share capital 8 95 95
Retained earnings 309,016 254,495
SHAREHOLDERS' FUNDS 309,111 254,590

JAMES KILNER LIMITED (REGISTERED NUMBER: 13219820)

BALANCE SHEET - continued
31 MARCH 2024


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 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.

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:





J D Kilner - Director


JAMES KILNER LIMITED (REGISTERED NUMBER: 13219820)

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

1. STATUTORY INFORMATION

James Kilner 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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 and value added tax.

Sale of goods
Turnover from the sale of fitted wardrobes is recognised when significant risks and rewards of the ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on installation and handover of the fitted wardrobes to the customer.

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from fitting services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the progress of the installation.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Intangible assets - goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

A provision is made for any impairment

JAMES KILNER LIMITED (REGISTERED NUMBER: 13219820)

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

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment loss. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write of the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Motor Vehicles - 20% 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.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

JAMES KILNER LIMITED (REGISTERED NUMBER: 13219820)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 250,000
AMORTISATION
At 1 April 2023 50,000
Charge for year 25,000
At 31 March 2024 75,000
NET BOOK VALUE
At 31 March 2024 175,000
At 31 March 2023 200,000

5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 April 2023 20,000
Additions 52,145
At 31 March 2024 72,145
DEPRECIATION
At 1 April 2023 8,000
Charge for year 12,691
At 31 March 2024 20,691
NET BOOK VALUE
At 31 March 2024 51,454
At 31 March 2023 12,000

JAMES KILNER LIMITED (REGISTERED NUMBER: 13219820)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Prepayments and accrued income 1,410 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Corporation tax 37,622 34,372
VAT 23,266 20,578
Other creditors 126 118
Directors' current accounts 17,103 14,785
Accruals and deferred income 42,536 41,575
120,653 111,428

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
95 A Ordinary £1 95 95