IRIS Accounts Production v24.3.0.553 08951940 director 12.3.23 11.3.24 11.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh089519402023-03-11089519402024-03-11089519402023-03-122024-03-11089519402022-03-12089519402022-03-132023-03-11089519402023-03-1108951940ns15:EnglandWales2023-03-122024-03-1108951940ns14:PoundSterling2023-03-122024-03-1108951940ns10:Director12023-03-122024-03-1108951940ns10:PrivateLimitedCompanyLtd2023-03-122024-03-1108951940ns10:SmallEntities2023-03-122024-03-1108951940ns10:AuditExempt-NoAccountantsReport2023-03-122024-03-1108951940ns10:SmallCompaniesRegimeForDirectorsReport2023-03-122024-03-1108951940ns10:SmallCompaniesRegimeForAccounts2023-03-122024-03-1108951940ns10:FullAccounts2023-03-122024-03-1108951940ns10:RegisteredOffice2023-03-122024-03-1108951940ns5:CurrentFinancialInstruments2024-03-1108951940ns5:CurrentFinancialInstruments2023-03-1108951940ns5:Non-currentFinancialInstruments2024-03-1108951940ns5:Non-currentFinancialInstruments2023-03-1108951940ns5:ShareCapital2024-03-1108951940ns5:ShareCapital2023-03-1108951940ns5:RetainedEarningsAccumulatedLosses2024-03-1108951940ns5:RetainedEarningsAccumulatedLosses2023-03-1108951940ns5:PlantMachinery2023-03-122024-03-1108951940ns5:PlantMachinery2023-03-1108951940ns5:PlantMachinery2024-03-1108951940ns5:PlantMachinery2023-03-1108951940ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-1108951940ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-11
REGISTERED NUMBER: 08951940 (England and Wales)















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: A Kelly





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 08951940 (England and Wales)





ACCOUNTANTS: Cobham Murphy
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 4,533 6,044

CURRENT ASSETS
Debtors 5 60,258 64,674
Cash at bank 164 7
60,422 64,681
CREDITORS
Amounts falling due within one year 6 52,360 52,055
NET CURRENT ASSETS 8,062 12,626
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,595

18,670

CREDITORS
Amounts falling due after more than one
year

7

9,538

14,345
NET ASSETS 3,057 4,325

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,957 4,225
SHAREHOLDERS' FUNDS 3,057 4,325

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 11 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 11 March 2024 in accordance with Section 476 of the Companies Act 2006.

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 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 director and authorised for issue on 11 March 2025 and were signed by:





A Kelly - Director


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 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on cost

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 12 March 2023
and 11 March 2024 13,945
DEPRECIATION
At 12 March 2023 7,901
Charge for year 1,511
At 11 March 2024 9,412
NET BOOK VALUE
At 11 March 2024 4,533
At 11 March 2023 6,044

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
11.3.24 11.3.23
£    £   
Other debtors 60,258 64,674

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
11.3.24 11.3.23
£    £   
Bank loans and overdrafts 3,406 3,687
Hire purchase contracts 2,556 2,397
Trade creditors 5,044 4,968
Taxation and social security 40,002 38,039
Other creditors 1,352 2,964
52,360 52,055

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
11.3.24 11.3.23
£    £   
Bank loans 7,584 10,140
Hire purchase contracts 1,954 4,205
9,538 14,345

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%.