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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
Page
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J Kerr Floors Limited Company Information for the year ended 31 March 2024
Director
Mr J R Kerr
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
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J Kerr Floors Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
216,326 
185,797 
Current assets
Inventories
24,742 
16,742 
Debtors
115,048 
93,391 
Cash at bank and in hand
65,106 
102,931 
204,896 
213,064 
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 
Capital and reserves
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
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J Kerr Floors Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 March 2024
21,430 
191,074 
3,822 
216,326 
At 31 March 2023
28,573 
155,817 
1,407 
185,797 
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J Kerr Floors Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
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 
115,048 
93,391 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
137,317 
105,568 
Taxes and social security
21,581 
38,507 
Other creditors
- 
2,983 
Loans from directors
(57,048)
(23,094)
Accruals
15,140 
9,670 
116,990 
133,634 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
40,715 
42,494 
Obligations under finance leases and hire purchase contracts
122,214 
102,181 
162,929 
144,675 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr J R Kerr
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).
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