REGISTERED NUMBER: |
Financial Statements for the Year Ended 11 March 2024 |
for |
A Kelly Plastering Limited |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 11 March 2024 |
for |
A Kelly Plastering Limited |
A Kelly Plastering Limited (Registered number: 08951940) |
Contents of the Financial Statements |
for the Year Ended 11 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
A Kelly Plastering Limited |
Company Information |
for the Year Ended 11 March 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
116 Duke Street |
Liverpool |
Merseyside |
L1 5JW |
A Kelly Plastering Limited (Registered number: 08951940) |
Balance Sheet |
11 March 2024 |
11.3.24 | 11.3.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
A Kelly Plastering Limited (Registered number: 08951940) |
Balance Sheet - continued |
11 March 2024 |
The financial statements were approved by the director and authorised for issue on |
A Kelly Plastering Limited (Registered number: 08951940) |
Notes to the Financial Statements |
for the Year Ended 11 March 2024 |
1. | STATUTORY INFORMATION |
A Kelly Plastering Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Despite the net current liability position of the company it is still considered a going concern due to ongoing continued support from the director. |
Significant judgements and estimates |
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements. |
Turnover |
Turnover is derived from ordinary activities and is measured at the fair value of the consideration received or receivable from plastering services, excluding discounts, rebates, value added tax and other sales taxes. |
Turnover from the rendering of services is recognised by reference to stage of completion which is measured by comparing the costs incurred for work performed to date and the total estimated costs. |
Tangible fixed assets |
Plant and machinery etc | - |
Financial instruments |
Directors loans (being repayable on demand) and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be received. |
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. |
A Kelly Plastering Limited (Registered number: 08951940) |
Notes to the Financial Statements - continued |
for the Year Ended 11 March 2024 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 12 March 2023 |
and 11 March 2024 |
DEPRECIATION |
At 12 March 2023 |
Charge for year |
At 11 March 2024 |
NET BOOK VALUE |
At 11 March 2024 |
At 11 March 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
11.3.24 | 11.3.23 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
11.3.24 | 11.3.23 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
11.3.24 | 11.3.23 |
£ | £ |
Bank loans |
Hire purchase contracts |
8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
Included in debtors is £58,989 (2023 £54,405) due from the director which is repayable on demand. Interest is charged at a rate of 2.25%. |