KERRY RESEARCH AND SELECTION LTD


Director	MULVIHILL, Anthony Paul


Registered Address	20 Warnham Court Road
	Carshalton
	SM5 3LZ


Registered Number	13902701 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		672		896
			672		896
Current assets
Debtors	4	11,659		30,319
Cash at bank and on hand		21,965		9,831
		33,624		40,150
Creditors amounts falling due within one year	5	(12,982)		(18,905)
Net current assets (liabilities)			20,642		21,245
Total assets less current liabilities			21,314		22,141
Provisions for liabilities	6		(128)		(170)
Net assets			21,186		21,971
Capital and reserves
Called up share capital			100		100
Profit and loss account			21,086		21,871
Shareholders' funds			21,186		21,971

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 24 October 2025, and are signed on its behalf by:

MULVIHILL, Anthony Paul
Director
Registered Company No. 13902701

KERRY RESEARCH AND SELECTION LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Office Equipment	25

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 April 24	1,367	1,367
At 31 March 25	1,367	1,367
Depreciation and impairment
At 01 April 24	471	471
Charge for year	224	224
At 31 March 25	695	695
Net book value
At 31 March 25	672	672
At 31 March 24	896	896

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	11,659	30,319
Total	11,659	30,319

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	586	9,893
Other creditors	10,401	7,124
Accrued liabilities and deferred income	1,995	1,888
Total	12,982	18,905

6.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	128	170
Total	128	170