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REGISTERED NUMBER: 06679455 (England and Wales)
















Financial Statements

for the Year Ended 30 June 2024

for

John Kerry & Sons Limited

John Kerry & Sons Limited (Registered number: 06679455)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


John Kerry & Sons Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: J E Kerry
J O D Kerry





REGISTERED OFFICE: 9 Gloucester Road
Stonehouse
Gloucestershire
GL10 2NZ





REGISTERED NUMBER: 06679455 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
John Kerry & Sons Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit. You consider that the Company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GCSD Accountants Limited


17 January 2025

John Kerry & Sons Limited (Registered number: 06679455)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 25,947 33,388
Tangible assets 5 1,370 849
27,317 34,237

CURRENT ASSETS
Stocks 6 71,000 81,500
Debtors 7 46,534 49,732
Cash at bank and in hand 284,733 223,192
402,267 354,424
CREDITORS
Amounts falling due within one year 8 106,548 103,493
NET CURRENT ASSETS 295,719 250,931
TOTAL ASSETS LESS CURRENT LIABILITIES 323,036 285,168

PROVISIONS FOR LIABILITIES 342 212
NET ASSETS 322,694 284,956

John Kerry & Sons Limited (Registered number: 06679455)

Balance Sheet - continued
30 June 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 322,574 284,836
SHAREHOLDERS' FUNDS 322,694 284,956

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by:




J E Kerry - Director



J O D Kerry - Director


John Kerry & Sons Limited (Registered number: 06679455)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

John Kerry & Sons 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 Statement of Income and Retained Earnings, 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.


John Kerry & Sons Limited (Registered number: 06679455)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST OR VALUATION
At 1 July 2023 102,200 2,728 104,928
Revaluations - 2,779 2,779
At 30 June 2024 102,200 5,507 107,707
AMORTISATION
At 1 July 2023 71,540 - 71,540
Charge for year 10,220 - 10,220
At 30 June 2024 81,760 - 81,760
NET BOOK VALUE
At 30 June 2024 20,440 5,507 25,947
At 30 June 2023 30,660 2,728 33,388

John Kerry & Sons Limited (Registered number: 06679455)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


4. INTANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 June 2024 is represented by:

Other
intangible
Goodwill assets Totals
£    £    £   
Valuation in 2022 - (4,512 ) (4,512 )
Valuation in 2023 - 991 991
Valuation in 2024 - 2,779 2,779
Cost 102,200 6,249 108,449
102,200 5,507 107,707

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 2,167 1 1,789 3,957
Additions - - 1,821 1,821
Disposals - - (391 ) (391 )
At 30 June 2024 2,167 1 3,219 5,387
DEPRECIATION
At 1 July 2023 1,868 1 1,239 3,108
Charge for year 149 - 889 1,038
Eliminated on disposal - - (129 ) (129 )
At 30 June 2024 2,017 1 1,999 4,017
NET BOOK VALUE
At 30 June 2024 150 - 1,220 1,370
At 30 June 2023 299 - 550 849

John Kerry & Sons Limited (Registered number: 06679455)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


6. STOCKS
2024 2023
£    £   
Stocks 71,000 81,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,382 4,471
Other debtors 44,152 45,261
46,534 49,732

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 39,039 44,158
Taxation and social security 53,482 52,955
Other creditors 14,027 6,380
106,548 103,493

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
J E Kerry and J O D Kerry
Balance outstanding at start of year 5,491 -
Amounts advanced - 5,491
Amounts repaid (5,491 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 5,491