Registered Number
:
02938430
|
For the year ended 31 October 2019
England and Wales
Unaudited Financial Statements
For the year ended 31 October 2019
J W Kelly Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
J W Kelly Limited
Statement of Financial Position
2018
2019
Property
,
plant and equipment
|
158,461
161,427
2
158,461
161,427
Trade and other receivables
|
196,899
159,708
3
64,577
Cash and cash equivalents
|
102,198
261,906
261,476
Trade and other payables
:
amounts falling due within one
|
year
|
(81,952)
(77,790)
4
179,524
184,116
Net current assets
Total assets less current liabilities
|
342,577
340,951
342,577
Net assets
340,951
100
100
342,477
340,851
342,577
340,951
Shareholders' funds
For the year ended 31 October 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 31 December 2019 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 October 2019
J W Kelly Limited
Notes to the Financial Statements
Statutory Information
J W Kelly Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration number
|
02938430
.
|
21 New Road
Seven Kings
Ilford
Essex
IG3 8AU
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and machinery
Computer equipment
Motor vehicles
No depreciation is provided on the company
''
s freehold properties since in the opinion of the directors the expected
|
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
|
would be immaterial
.
The directors undertake an annual impairment review of these properties
.
|
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Debtors include amounts recoverable on long term contracts which are stated at the net sales value of the work done after provision for contingencies and any anticipated future losses on contracts, less amounts received as progress payments on account. Any excess progress payments are included in creditors as payments on account.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 October 2019
J W Kelly Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
170,045
2,806
7,000
18,683
141,556
2,669
669
2,000
-
-
18,683
9,000
3,475
172,714
141,556
Provision for depreciation and impairment
|
8,618
1,041
6,299
1,278
-
Charge for year
5,635
609
675
4,351
-
14,253
1,650
6,974
5,629
-
141,556
13,054
2,026
1,825
158,461
141,556
17,405
701
1,765
161,427
3
.
Trade and other receivables
|
2018
2019
71,385
36,112
88,323
160,787
196,899
159,708
4
.
Trade and other payables
:
amounts falling due within one year
|
2018
2019
37,534
62,455
Taxation and social security
|
36,151
15,019
4,105
4,478
77,790
81,952
5
.
Average number of persons employed
|
During the year the average number of employees was 0
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