Kerners Limited - Filleted accounts

Kerners Limited
Registered number:		04076076
Statement of Financial Position
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		24,578			24,353

Current assets
Stocks		31,300			25,953
Debtors	4	29,963			15,593
Cash at bank and in hand		5,023			3,032
		66,286			44,578

Creditors: amounts falling due within one year	5	(247,295)			(256,710)

Net current liabilities			(181,009)			(212,132)

Net liabilities			(156,431)			(187,779)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(156,531)			(187,879)

Shareholder's funds			(156,431)			(187,779)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 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.




AG Kerner
Director
Approved by the board on 23 April 2026

Kerners Limited
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.

	Going concern
	The company had retained losses as at the balance sheet date which were not covered by the share capital of the company. The director considers the company to be a going concern, notwithstanding that there are losses of £156,531. They have reviewed the potential future of the company and consider that it will continue to trade profitably for the foreseeable future.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	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:

	Office equipment			25% reducing balance
	Plant and machinery			15% reducing balance
	Motor vehicles			25% reducing balance

	Inventories
	Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2	Employees and directors					2026		2025
Number							Number

	Average number of directors and persons employed by the company					9		7


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 February 2025	9,340		29,006		23,073		61,419
	Additions	624		4,036		3,269		7,929
	Disposals	-		-		(2,350)		(2,350)
	At 31 January 2026	9,964		33,042		23,992		66,998

	Depreciation
	At 1 February 2025	5,975		16,865		14,226		37,066
	Charge for the year	997		2,426		2,612		6,035
	On disposals	-		-		(681)		(681)
	At 31 January 2026	6,972		19,291		16,157		42,420

	Net book value
	At 31 January 2026	2,992		13,751		7,835		24,578
	At 31 January 2025	3,365		12,141		8,847		24,353




4	Debtors					2026		2025
£							£

	Trade debtors					28,654		15,593
	Other debtors					1,309		-
						29,963		15,593


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					57,865		-
	Trade creditors					32,463		81,027
	Accruals					2,146		1,854
	Other taxes and social security costs					31,727		25,781
	Other creditors					123,094		148,048
						247,295		256,710


6	Other information

	Kerners Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Levers Piece Farm
	Ryehurst Lane
	Binfield, Bracknell
	Berkshire
	RG42 5QZ