REGISTERED NUMBER: 03900183 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

K J Lines Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

49,518

64,345

CURRENT ASSETS

Stocks

5,330

3,983

Debtors

5

170,054

176,403

Cash at bank

491,021

402,015

666,405

582,401

CREDITORS

Amounts falling due within one year

6

123,168

93,508

NET CURRENT ASSETS

543,237

488,893

TOTAL ASSETS LESS CURRENT LIABILITIES

592,755

553,238

PROVISIONS FOR LIABILITIES

12,226

15,899

NET ASSETS

580,529

537,339

CAPITAL AND RESERVES

Called up share capital

81

81

Purchase of own shares

7

19

19

Retained earnings

580,429

537,239

SHAREHOLDERS' FUNDS

580,529

537,339

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

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2025 and were signed on its behalf by:

Mr K R Goostrey - Director

1.	STATUTORY INFORMATION

K J Lines Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03900183

Registered office:

Ebenezer House

Ryecroft

Newcastle

Staffordshire

ST5 2BE

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 net invoiced sales of services, excluding of value added tax.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% 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 Profit and Loss Account, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

23,983

3,486

213,155

240,624

Additions

1,500

183

-

1,683

At 31 March 2025

25,483

3,669

213,155

242,307

DEPRECIATION

At 1 April 2024

15,340

2,359

158,580

176,279

Charge for year

2,537

327

13,646

16,510

At 31 March 2025

17,877

2,686

172,226

192,789

NET BOOK VALUE

At 31 March 2025

7,606

983

40,929

49,518

At 31 March 2024

8,643

1,127

54,575

64,345

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

159,454

166,469

Other debtors

10,600

9,934

170,054

176,403

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

24,363

61,443

Taxation and social security

81,319

27,456

Other creditors

17,486

4,609

123,168

93,508

7.

RESERVES

Purchase

of own

shares

£

At 1 April 2024

and 31 March 2025

19