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REGISTERED NUMBER: 05092265 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

KERLAND PITMAN LIMITED

KERLAND PITMAN LIMITED (REGISTERED NUMBER: 05092265)

Contents of the Financial Statements
for the year ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KERLAND PITMAN LIMITED

Company Information
for the year ended 30 April 2024







Director: F S Dicker





Secretary: D T Bullman





Registered office: Icon Offices Suite 8
321-323 High Road
Chadwell Heath
Romford
Essex
RM6 6AX





Registered number: 05092265 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

KERLAND PITMAN LIMITED (REGISTERED NUMBER: 05092265)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 1,038 1,221
1,038 1,221

Current assets
Debtors 6 245,381 265,537
Cash at bank 14,800 10,444
260,181 275,981
Creditors
Amounts falling due within one year 7 22,004 38,280
Net current assets 238,177 237,701
Total assets less current liabilities 239,215 238,922

Creditors
Amounts falling due after more than one
year

8

(8,077

)

(15,045

)

Provisions for liabilities 10 (259 ) (232 )
Net assets 230,879 223,645

Capital and reserves
Called up share capital 11 100 100
Retained earnings 12 230,779 223,545
Shareholders' funds 230,879 223,645

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

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

KERLAND PITMAN LIMITED (REGISTERED NUMBER: 05092265)

Balance Sheet - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 31 March 2025 and were signed by:





F S Dicker - Director


KERLAND PITMAN LIMITED (REGISTERED NUMBER: 05092265)

Notes to the Financial Statements
for the year ended 30 April 2024


1. Statutory information

Kerland Pitman 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.

Turnover
Turnover represents commissions received and fees issued relating to will writing.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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.


KERLAND PITMAN LIMITED (REGISTERED NUMBER: 05092265)

Notes to the Financial Statements - continued
for the year ended 30 April 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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
Goodwill
£   
Cost
At 1 May 2023
and 30 April 2024 60,000
Amortisation
At 1 May 2023
and 30 April 2024 60,000
Net book value
At 30 April 2024 -
At 30 April 2023 -

5. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 May 2023
and 30 April 2024 2,207
Depreciation
At 1 May 2023 986
Charge for year 183
At 30 April 2024 1,169
Net book value
At 30 April 2024 1,038
At 30 April 2023 1,221

KERLAND PITMAN LIMITED (REGISTERED NUMBER: 05092265)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


6. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 72,180 81,670
Directors' current accounts 173,201 183,707
Prepayments and accrued income - 160
245,381 265,537

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 7,000 7,000
Trade creditors 2 7,770
Tax 6,084 9,316
Social security and other taxes - 4,394
Other creditors 1,084 4,080
Accrued expenses 7,834 5,720
22,004 38,280

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 2-5 years 8,077 15,045

9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 4,985 9,682
Between one and five years - 3,975
4,985 13,657

10. Provisions for liabilities
2024 2023
£    £   
Deferred tax 259 232

Deferred
tax
£   
Balance at 1 May 2023 232
Provided during year 27
Balance at 30 April 2024 259

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

KERLAND PITMAN LIMITED (REGISTERED NUMBER: 05092265)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


12. Reserves
Retained
earnings
£   

At 1 May 2023 223,545
Profit for the year 7,234
At 30 April 2024 230,779

13. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
F S Dicker
Balance outstanding at start of year 183,708 197,193
Amounts advanced 54,822 39,080
Amounts repaid (65,330 ) (52,565 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 173,200 183,708

Interest of 2.5% has been charged on the advance and it is repayable on demand.