Company Registration No. 04127703 (England and Wales)
J Kerr Floors Limited
Unaudited accounts
for the year ended 31 March 2023
J Kerr Floors Limited
Unaudited accounts
Contents
J Kerr Floors Limited
Company Information
for the year ended 31 March 2023
Company Number
04127703 (England and Wales)
Registered Office
40 Barrowby Road
Grantham
Lincolnshire
NG31 6PD
England
Accountants
Tax Accounting & Business Solutions Limited
9 Sumner Street
Leyland
Lancashire
PR25 2LD
J Kerr Floors Limited
Statement of financial position
as at 31 March 2023
Tangible assets
185,797
180,364
Cash at bank and in hand
102,931
21,168
Creditors: amounts falling due within one year
(135,535)
(49,129)
Net current assets
87,529
80,272
Total assets less current liabilities
273,326
260,636
Creditors: amounts falling due after more than one year
(144,675)
(150,073)
Net assets
128,651
110,563
Called up share capital
1
1
Profit and loss account
128,650
110,562
Shareholders' funds
128,651
110,563
For the year ending 31 March 2023 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 December 2023 and were signed on its behalf by
Mr J R Kerr
Director
Company Registration No. 04127703
J Kerr Floors Limited
Notes to the Accounts
for the year ended 31 March 2023
J Kerr Floors Limited is a private company, limited by shares, registered in England and Wales, registration number 04127703. The registered office is 40 Barrowby Road, Grantham, Lincolnshire, NG31 6PD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
20% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
65,162
230,871
8,475
304,508
Additions
13,634
39,745
1,000
54,379
At 31 March 2023
78,796
270,616
9,475
358,887
At 1 April 2022
40,699
75,846
7,599
124,144
Charge for the year
9,524
38,953
469
48,946
At 31 March 2023
50,223
114,799
8,068
173,090
At 31 March 2023
28,573
155,817
1,407
185,797
At 31 March 2022
24,463
155,025
876
180,364
J Kerr Floors Limited
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
86,635
75,121
Accrued income and prepayments
1,370
1,370
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
105,568
80,198
Taxes and social security
40,408
35,482
Loans from directors
(23,094)
(76,077)
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
102,181
107,579
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest fee and repayable on demand
(76,077)
57,200
4,217
(23,094)
(76,077)
57,200
4,217
(23,094)
The director's loan account was repaid within nine months of the financial year end
9
Average number of employees
During the year the average number of employees was 6 (2022: 6).