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REGISTERED NUMBER: SC406516 (Scotland)











Financial Statements for the Year Ended 31st March 2025

for

M & M Kerr Limited

M & M Kerr Limited (Registered number: SC406516)






Contents of the Financial Statements
for the Year Ended 31st March 2025




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


M & M Kerr Limited

Company Information
for the Year Ended 31st March 2025







DIRECTORS: M Kerr
Mrs M Kerr





REGISTERED OFFICE: Unit 2A
Abercromby Industrial Estate
Castle Douglas
DG7 1LH





REGISTERED NUMBER: SC406516 (Scotland)





ACCOUNTANTS: Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ

M & M Kerr Limited (Registered number: SC406516)

Balance Sheet
31st March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,837,120 1,624,552
Investments 5 1,141 1,141
1,838,261 1,625,693

CURRENT ASSETS
Stocks 3,650 3,650
Debtors 6 908,167 777,325
Cash at bank 105,303 244,334
1,017,120 1,025,309
CREDITORS
Amounts falling due within one year 7 987,554 868,203
NET CURRENT ASSETS 29,566 157,106
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,867,827

1,782,799

CREDITORS
Amounts falling due after more than one year 8 (349,611 ) (348,841 )

PROVISIONS FOR LIABILITIES (345,772 ) (301,824 )
NET ASSETS 1,172,444 1,132,134

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,172,442 1,132,132
SHAREHOLDERS' FUNDS 1,172,444 1,132,134

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

M & M Kerr Limited (Registered number: SC406516)

Balance Sheet - continued
31st March 2025


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 by the Board of Directors and authorised for issue on 10th June 2025 and were signed on its behalf by:





M Kerr - Director


M & M Kerr Limited (Registered number: SC406516)

Notes to the Financial Statements
for the Year Ended 31st March 2025

1. STATUTORY INFORMATION

M & M 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on reducing balance
Motor Lorries/Units - 25% on reducing balance

Amounts written off each asset over the estimated useful life represent cost less residual value.

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period.

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 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.

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.

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.

M & M Kerr Limited (Registered number: SC406516)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

2. ACCOUNTING POLICIES - continued

Financial instruments
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities.

Borrowings
Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transactions costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Provisions and contingencies
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 14 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery Lorries/Units equipment Totals
£    £    £    £    £   
COST
At 1st April 2024 36,000 1,273,422 1,015,125 8,429 2,332,976
Additions - 190,800 429,420 861 621,081
Disposals - (146,780 ) (8,000 ) - (154,780 )
At 31st March 2025 36,000 1,317,442 1,436,545 9,290 2,799,277
DEPRECIATION
At 1st April 2024 - 353,377 350,881 4,166 708,424
Charge for year - 142,472 187,792 680 330,944
Eliminated on disposal - (70,872 ) (6,339 ) - (77,211 )
At 31st March 2025 - 424,977 532,334 4,846 962,157
NET BOOK VALUE
At 31st March 2025 36,000 892,465 904,211 4,444 1,837,120
At 31st March 2024 36,000 920,045 664,244 4,263 1,624,552

M & M Kerr Limited (Registered number: SC406516)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st April 2024
and 31st March 2025 1,141
NET BOOK VALUE
At 31st March 2025 1,141
At 31st March 2024 1,141

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 467,016 341,174
Inter Company Loan 441,151 436,151
908,167 777,325

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 406,673 298,995
Hire purchase contracts 403,503 367,822
Trade creditors 156,042 168,657
Tax - 10,196
Social security and other taxes 14,243 9,955
VAT 1,725 7,210
Directors' current accounts 1 1
Accrued expenses 5,367 5,367
987,554 868,203

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 349,611 348,841

9. ULTIMATE CONTROLLING PARTY

Michael and Michele Kerr own the entire issued share capital of the company and thus have ultimate control.