Company Registration No. 04127703 (England and Wales)
J Kerr Floors Limited
Unaudited accounts
for the year ended 31 March 2024
J Kerr Floors Limited
Unaudited accounts
Contents
J Kerr Floors Limited
Company Information
for the year ended 31 March 2024
Company Number
04127703 (England and Wales)
Registered Office
40 Barrowby Road
Grantham
Lincolnshire
NG31 6PD
England
Accountants
Tax Accounting & Business Solutions Limited
Triad House
Mountbatten Court
Worrall Street
Congleton
Lancashire
CW12 1DT
J Kerr Floors Limited
Statement of financial position
as at 31 March 2024
Tangible assets
216,326
185,797
Cash at bank and in hand
65,106
102,931
Creditors: amounts falling due within one year
(116,990)
(133,634)
Net current assets
87,906
79,430
Total assets less current liabilities
304,232
265,227
Creditors: amounts falling due after more than one year
(162,929)
(144,675)
Net assets
141,303
120,552
Called up share capital
1
1
Profit and loss account
141,302
120,551
Shareholders' funds
141,303
120,552
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 August 2024 and were signed on its behalf by
Mr J R Kerr
Director
Company Registration No. 04127703
J Kerr Floors Limited
Notes to the Accounts
for the year ended 31 March 2024
J Kerr Floors Limited is a private company, limited by shares, registered in England and Wales, registration number 04127703. The registered office is 40 Barrowby Road, Grantham, Lincolnshire, NG31 6PD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
20% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
78,796
270,616
9,475
358,887
Additions
-
83,026
3,689
86,715
At 31 March 2024
78,796
353,642
13,164
445,602
At 1 April 2023
50,223
114,799
8,068
173,090
Charge for the year
7,143
47,769
1,274
56,186
At 31 March 2024
57,366
162,568
9,342
229,276
At 31 March 2024
21,430
191,074
3,822
216,326
At 31 March 2023
28,573
155,817
1,407
185,797
J Kerr Floors Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
61,510
86,635
Accrued income and prepayments
1,370
1,370
Other debtors
52,168
5,386
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
137,317
105,568
Taxes and social security
21,581
38,507
Loans from directors
(57,048)
(23,094)
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
122,214
102,181
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest fee and repayable on demand
(23,094)
-
33,954
(57,048)
(23,094)
-
33,954
(57,048)
The director's loan account was repaid within nine months of the financial year end
9
Average number of employees
During the year the average number of employees was 6 (2023: 6).