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REGISTERED NUMBER: SC029941 (Scotland)

Financial Statements for the Year Ended 31 May 2024

for

James W. Kerr Limited

James W. Kerr Limited (Registered number: SC029941)

Contents of the Financial Statements

for the Year Ended 31 May 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

James W. Kerr Limited

Company Information

for the Year Ended 31 May 2024

| DIRECTORS: | Mrs. G F Kerr

| T W Kerr

| M Kerr

| Mrs A Kerr

| SECRETARY: | Mrs. G F Kerr

| REGISTERED OFFICE: | 237 Morningside Road

| Edinburgh

| EH10 4QU

| REGISTERED NUMBER: | SC029941 (Scotland)

| ACCOUNTANTS: | Neil Nisbet & Co.

| c/o Neil Nisbet & Co.

| Thain House

| 226 Queensferry Road

| Edinburgh

| EH4 2BP

James W. Kerr Limited (Registered number: SC029941)

Balance Sheet

31 May 2024

| 31.5.24 | 31.5.23 |

| Notes | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 24,340 |  | 25,072 |  |

Investments | 5 | 1 |  | 1 |  |

24,341 |  | 25,073 |  |

CURRENT ASSETS

Debtors | 6 | 118,925 |  | 112,704 |  |

Cash at bank | 96 |  | 22 |  |

119,021 |  | 112,726 |  |

CREDITORS

Amounts falling due within one year | 7 | 12,751 |  | 15,448 |  |

NET CURRENT ASSETS | 106,270 |  | 97,278 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 130,611 |  | 122,351 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 15,394 |  | 18,346 |  |

NET ASSETS | 115,217 |  | 104,005 |  |

CAPITAL AND RESERVES

Called up share capital | 25,000 |  | 25,000 |  |

Retained earnings | 90,217 |  | 79,005 |  |

SHAREHOLDERS' FUNDS | 115,217 |  | 104,005 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

James W. Kerr Limited (Registered number: SC029941)

Balance Sheet - continued

31 May 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 Board of Directors and authorised for issue on 26 May 2025 and were signed on its behalf by:

Mrs. G F Kerr - Director

James W. Kerr Limited (Registered number: SC029941)

Notes to the Financial Statements

for the Year Ended 31 May 2024

1. | STATUTORY INFORMATION

| James W. Kerr Limited is a private company, limited by shares , registered in Scotland. 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.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Land and buildings | - | 2% on cost

| Plant and machinery etc | - | 5% on cost

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| 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.

3. | EMPLOYEES AND DIRECTORS

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

James W. Kerr Limited (Registered number: SC029941)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2024

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 June 2023

| and 31 May 2024 | 49,236 |  | 11,180 |  | 60,416 |  |

| DEPRECIATION

| At 1 June 2023 | 24,406 |  | 10,938 |  | 35,344 |  |

| Charge for year | 492 |  | 240 |  | 732 |  |

| At 31 May 2024 | 24,898 |  | 11,178 |  | 36,076 |  |

| NET BOOK VALUE

| At 31 May 2024 | 24,338 |  | 2 |  | 24,340 |  |

| At 31 May 2023 | 24,830 |  | 242 |  | 25,072 |  |

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 June 2023

| and 31 May 2024 | 1 |  |

| NET BOOK VALUE

| At 31 May 2024 | 1 |  |

| At 31 May 2023 | 1 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.5.24 |  | 31.5.23

£ | £ |

| Other debtors | 118,925 |  | 112,704 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.5.24 |  | 31.5.23

£ | £ |

| Bank loans and overdrafts | 2,500 |  | 2,500 |  |

| Taxation and social security | 7,949 |  | 12,146 |  |

| Other creditors | 2,302 |  | 802 |  |

12,751 |  | 15,448 |  |

James W. Kerr Limited (Registered number: SC029941)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2024

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.5.24 |  | 31.5.23

£ | £ |

| Bank loans | 15,394 |  | 18,346 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 5,394 |  | 8,346 |  |

9. | ULTIMATE CONTROLLING PARTY

| The controlling party is Mrs. G F Kerr.