| J McKernon & Co Ltd |
| Registered number: |
06185094 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
4,179 |
|
|
4,362 |
|
| Current assets |
| Debtors |
4 |
|
3,150 |
|
|
7,250 |
| Cash at bank and in hand |
|
|
1,000 |
|
|
1,602 |
|
|
|
4,150 |
|
|
8,852 |
|
| Creditors: amounts falling due within one year |
5 |
|
(14,660) |
|
|
(14,530) |
|
| Net current liabilities |
|
|
|
(10,510) |
|
|
(5,678) |
|
| Total assets less current liabilities |
|
|
|
(6,331) |
|
|
(1,316) |
|
|
| Provisions for liabilities |
|
|
|
(104) |
|
|
(139) |
|
|
| Net liabilities |
|
|
|
(6,435) |
|
|
(1,455) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
10 |
|
|
10 |
| Profit and loss account |
|
|
|
(6,445) |
|
|
(1,465) |
|
| Shareholders' funds |
|
|
|
(6,435) |
|
|
(1,455) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| J McKernon |
| Director |
| Approved by the board on 24 December 2025 |
|
| J McKernon & Co Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
25% per annum of net book value |
|
|
Deferred Taxation |
|
Full provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2024 |
3,629 |
|
8,920 |
|
12,549 |
|
At 31 March 2025 |
3,629 |
|
8,920 |
|
12,549 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
- |
|
8,187 |
|
8,187 |
|
Charge for the year |
- |
|
183 |
|
183 |
|
At 31 March 2025 |
- |
|
8,370 |
|
8,370 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
3,629 |
|
550 |
|
4,179 |
|
At 31 March 2024 |
3,629 |
|
733 |
|
4,362 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
1,000 |
|
2,100 |
|
Other debtors |
2,150 |
|
5,150 |
|
|
|
|
|
|
3,150 |
|
7,250 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
2,814 |
|
1,189 |
|
Corporation tax |
|
|
|
|
9,617 |
|
8,183 |
|
Creditors less than 1yr - Other taxes and social security |
|
|
|
|
- |
|
2,786 |
|
Other creditors |
2,229 |
|
2,372 |
|
|
|
|
|
|
14,660 |
|
14,530 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Controlling party |
|
|
The company is controlled by the directors with no individual director having overall control. |
|
|
| 7 |
Other information |
|
|
J McKernon & Co Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is: |
|
9 Lloyd Street |
|
Llandudno |
|
Conwy |
|
LL30 2UU |