IRIS Accounts Production v25.1.3.33 NI625904 Board of Directors Board of Directors 1.9.23 31.8.24 31.8.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI6259042023-08-31NI6259042024-08-31NI6259042023-09-012024-08-31NI6259042022-08-31NI6259042022-09-012023-08-31NI6259042023-08-31NI625904ns15:NorthernIreland2023-09-012024-08-31NI625904ns14:PoundSterling2023-09-012024-08-31NI625904ns10:Director12023-09-012024-08-31NI625904ns10:Director22023-09-012024-08-31NI625904ns10:PrivateLimitedCompanyLtd2023-09-012024-08-31NI625904ns10:SmallEntities2023-09-012024-08-31NI625904ns10:AuditExemptWithAccountantsReport2023-09-012024-08-31NI625904ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-31NI625904ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-31NI625904ns10:FullAccounts2023-09-012024-08-31NI62590412023-09-012024-08-31NI625904ns10:RegisteredOffice2023-09-012024-08-31NI625904ns5:CurrentFinancialInstruments2024-08-31NI625904ns5:CurrentFinancialInstruments2023-08-31NI625904ns5:Non-currentFinancialInstruments2024-08-31NI625904ns5:Non-currentFinancialInstruments2023-08-31NI625904ns5:ShareCapital2024-08-31NI625904ns5:ShareCapital2023-08-31NI625904ns5:RetainedEarningsAccumulatedLosses2024-08-31NI625904ns5:RetainedEarningsAccumulatedLosses2023-08-31NI625904ns5:NetGoodwill2023-09-012024-08-31NI625904ns5:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-31NI625904ns5:LongLeaseholdAssetsns5:LandBuildings2023-09-012024-08-31NI625904ns5:PlantMachinery2023-09-012024-08-31NI625904ns5:FurnitureFittings2023-09-012024-08-31NI625904ns5:MotorVehicles2023-09-012024-08-31NI625904ns5:ComputerEquipment2023-09-012024-08-31NI625904ns5:NetGoodwill2023-08-31NI625904ns5:NetGoodwill2024-08-31NI625904ns5:NetGoodwill2023-08-31NI625904ns5:LongLeaseholdAssetsns5:LandBuildings2023-08-31NI625904ns5:PlantMachinery2023-08-31NI625904ns5:FurnitureFittings2023-08-31NI625904ns5:LongLeaseholdAssetsns5:LandBuildings2024-08-31NI625904ns5:PlantMachinery2024-08-31NI625904ns5:FurnitureFittings2024-08-31NI625904ns5:LongLeaseholdAssetsns5:LandBuildings2023-08-31NI625904ns5:PlantMachinery2023-08-31NI625904ns5:FurnitureFittings2023-08-31NI625904ns5:MotorVehicles2023-08-31NI625904ns5:ComputerEquipment2023-08-31NI625904ns5:MotorVehicles2024-08-31NI625904ns5:ComputerEquipment2024-08-31NI625904ns5:MotorVehicles2023-08-31NI625904ns5:ComputerEquipment2023-08-31NI625904ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-31NI625904ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31
REGISTERED NUMBER: NI625904 (Northern Ireland)













KERR BROS BODYSHOP LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






KERR BROS BODYSHOP LTD (REGISTERED NUMBER: NI625904)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


KERR BROS BODYSHOP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: A Kerr
C Kerr



REGISTERED OFFICE: Unit 17
Gortrush Industrial Estate
OMAGH
Co. Tyrone
BT78 5EJ



REGISTERED NUMBER: NI625904 (Northern Ireland)



ACCOUNTANTS: McAleer Jackson Ltd
Chartered Accountants
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE



BANKERS: Danske Bank
5-7 Market Street
Omagh
Tyrone
BT781BN

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
KERR BROS BODYSHOP LTD

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 accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 31 August 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. 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 financial statements.






McAleer Jackson Ltd
Chartered Accountants
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE


28 May 2025

KERR BROS BODYSHOP LTD (REGISTERED NUMBER: NI625904)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - 20,000
Tangible assets 5 253,371 279,157
253,371 299,157

CURRENT ASSETS
Stocks 159,802 130,337
Debtors 6 80,255 122,294
Cash in hand 1,079 118
241,136 252,749
CREDITORS
Amounts falling due within one year 7 260,251 239,147
NET CURRENT (LIABILITIES)/ASSETS (19,115 ) 13,602
TOTAL ASSETS LESS CURRENT
LIABILITIES

234,256

312,759

CREDITORS
Amounts falling due after more than one year 8 (50,575 ) (79,197 )

PROVISIONS FOR LIABILITIES (43,223 ) (47,137 )
NET ASSETS 140,458 186,425

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 140,258 186,225
SHAREHOLDERS' FUNDS 140,458 186,425

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

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

KERR BROS BODYSHOP LTD (REGISTERED NUMBER: NI625904)

BALANCE SHEET - continued
31 AUGUST 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 28 May 2025 and were signed on its behalf by:




A Kerr - Director



C Kerr - Director


KERR BROS BODYSHOP LTD (REGISTERED NUMBER: NI625904)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Kerr Bros Bodyshop Ltd is a private company, limited by shares , registered in Northern Ireland. 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 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 2014, is being amortised evenly over its estimated useful life of nil 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.
Improvements to leasehold prop - 25% straight line
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Equipment - 15% on reducing balance

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 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.


KERR BROS BODYSHOP LTD (REGISTERED NUMBER: NI625904)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 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 20 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 200,000
AMORTISATION
At 1 September 2023 180,000
Charge for year 20,000
At 31 August 2024 200,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 20,000

KERR BROS BODYSHOP LTD (REGISTERED NUMBER: NI625904)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. TANGIBLE FIXED ASSETS
Improvements
to Fixtures
leasehold Plant and and
prop machinery fittings
£    £    £   
COST
At 1 September 2023 31,800 426,324 14,045
Additions - 24,892 -
Disposals - - -
At 31 August 2024 31,800 451,216 14,045
DEPRECIATION
At 1 September 2023 31,800 202,180 6,839
Charge for year - 37,355 1,081
Eliminated on disposal - - -
At 31 August 2024 31,800 239,535 7,920
NET BOOK VALUE
At 31 August 2024 - 211,681 6,125
At 31 August 2023 - 224,144 7,206

Motor
vehicles Equipment Totals
£    £    £   
COST
At 1 September 2023 80,202 11,512 563,883
Additions 12,000 473 37,365
Disposals (20,385 ) - (20,385 )
At 31 August 2024 71,817 11,985 580,863
DEPRECIATION
At 1 September 2023 39,675 4,232 284,726
Charge for year 7,244 1,163 46,843
Eliminated on disposal (4,077 ) - (4,077 )
At 31 August 2024 42,842 5,395 327,492
NET BOOK VALUE
At 31 August 2024 28,975 6,590 253,371
At 31 August 2023 40,527 7,280 279,157

KERR BROS BODYSHOP LTD (REGISTERED NUMBER: NI625904)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 78,255 122,294
Other debtors 2,000 -
80,255 122,294

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 66,353 64,954
Hire purchase contracts 20,987 20,977
Trade creditors 145,390 110,614
Taxation and social security 24,366 36,211
Other creditors 3,155 6,391
260,251 239,147

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 8,938 18,342
Hire purchase contracts 34,809 55,796
Other creditors 6,828 5,059
50,575 79,197

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Directors loan 6,828 5,059