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REGISTERED NUMBER: 01402688 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

F.A. KERRISON LIMITED

F.A. KERRISON LIMITED (REGISTERED NUMBER: 01402688)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


F.A. KERRISON LIMITED

Company Information
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: G J Kerrison
S P G Kerrison
Mrs E A Kerrison



SECRETARY: Mrs E A Kerrison



REGISTERED OFFICE: 353 Aylsham Rd
Norwich
NR3 2RX



REGISTERED NUMBER: 01402688 (England and Wales)



ACCOUNTANTS: Quinneys
Chartered Certified Accountants
Saxon House
Hellesdon Park Road
Norwich
Norfolk
NR6 5DR



BANKERS: HSBC
155 Mile Cross Lane
Norwich
Norfolk
NR6 6RL

F.A. KERRISON LIMITED (REGISTERED NUMBER: 01402688)

Balance Sheet
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 582,393 582,717
Investments 5 2,000 2,000
584,393 584,717

CURRENT ASSETS
Stocks 706,107 706,557
Debtors 6 14,884 10,283
Cash in hand - 7,015
720,991 723,855
CREDITORS
Amounts falling due within one year 7 574,735 536,761
NET CURRENT ASSETS 146,256 187,094
TOTAL ASSETS LESS CURRENT LIABILITIES 730,649 771,811

CREDITORS
Amounts falling due after more than one
year

8

(13,332

)

(23,333

)

PROVISIONS FOR LIABILITIES - (34 )
NET ASSETS 717,317 748,444

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 707,317 738,444
SHAREHOLDERS' FUNDS 717,317 748,444

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

F.A. KERRISON LIMITED (REGISTERED NUMBER: 01402688)

Balance Sheet - continued
31 JANUARY 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 18 October 2024 and were signed on its behalf by:





S P G Kerrison - Director


F.A. KERRISON LIMITED (REGISTERED NUMBER: 01402688)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

F.A. Kerrison 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.
Plant and machinery etc - 33% on cost, 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

No depreciation has been provided on freehold buildings as both the charge and the accumulated depreciation would be immaterial.

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.

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.

F.A. KERRISON LIMITED (REGISTERED NUMBER: 01402688)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 581,933 235,921 817,854
DEPRECIATION
At 1 February 2023 - 235,137 235,137
Charge for year - 324 324
At 31 January 2024 - 235,461 235,461
NET BOOK VALUE
At 31 January 2024 581,933 460 582,393
At 31 January 2023 581,933 784 582,717

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2023
and 31 January 2024 2,000
NET BOOK VALUE
At 31 January 2024 2,000
At 31 January 2023 2,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 14,884 10,283

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 132,362 93,784
Trade creditors 61,210 91,498
Taxation and social security 30,488 27,305
Other creditors 350,675 324,174
574,735 536,761

F.A. KERRISON LIMITED (REGISTERED NUMBER: 01402688)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Included within other creditors are loans from the directors, GJ Kerrison of £20,916 (2023: £29,225) and SPG Kerrison of £315,067 (2023: £285,845).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 13,332 23,333

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 122,362 83,784

Bank overdrafts are secured by a fixed and floating charge over the assets of the company together with a first fixed charge over goodwill, uncalled capital and intellectual property rights given by F A Kerrison Limited.