Ian A Kernohan (ni) Limited in Conlig, BT23 7SU

Description

Data updated on: 01-11-2023

This particular company is registered in Conlig under the following Company Registration No.: NI019120. The firm was established in the year 1986. The office of the company is situated at ""fir Trees"" Greenway Industrial Estate. The area code is BT23 7SU. The company's classified under the NACE and SIC code 46439 - Wholesale of radio, television goods & electrical household appliances (other than records, tapes, CD's & video tapes and the equipment used for playing them). Ian A Kernohan (ni) Ltd reported its latest accounts for the period up to 2022-05-31. The most recent confirmation statement was filed on 2023-10-11.

Considering this firm's size, it was necessary to appoint other executives: David R., Jocelyn S. and Victor S. who have been cooperating since 1986-01-21 to fulfil their statutory duties for the following firm. To help the directors in their tasks, this firm has been utilizing the skills of Victor S. as a secretary since the appointment on 1986-01-21.

Victor S. is the individual with significant control over this firm, owns over 3/4 of company shares.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2020-05-31	2021-05-31	2022-05-31	2023-05-31
Currency

Balance Sheet
Cash Bank On Hand	987 966	1 687 513	2 530 582	1 790 691
Current Assets	3 222 896	5 412 216	6 589 664	5 445 446
Debtors	768 631	2 020 250	2 062 895	1 260 318
Net Assets Liabilities	2 644 460	3 028 765	3 637 724	3 836 944
Other Debtors		8 171
Property Plant Equipment	1 008 931	981 594	975 486	939 981
Total Inventories	1 466 299	1 704 453	1 996 187	2 394 437

Other Financial Data
Audit Fees Expenses		10 500	8 000	8 000
Description Share Type			1	1
Accrued Liabilities Deferred Income		458 755	650 446	495 751
Accumulated Amortisation Impairment Intangible Assets				14 121
Accumulated Depreciation Impairment Property Plant Equipment	616 626	665 396	740 713	789 580
Additions Other Than Through Business Combinations Intangible Assets			56 730	3 666
Additions Other Than Through Business Combinations Property Plant Equipment			69 209	58 229
Administration Support Average Number Employees		16	16	17
Administrative Expenses		2 294 497	2 499 519	2 487 308
Amortisation Expense Intangible Assets				14 121
Amortisation Government Grants		-200 258	-21 803	-4 622
Amortisation Rate Used For Intangible Assets			25	25
Applicable Tax Rate			19	19
Average Number Employees During Period	31	33	33	34
Bank Borrowings Overdrafts		47 707	36 475
Cash Cash Equivalents Cash Flow Value		1 687 513	2 530 582	1 790 691
Corporation Tax Payable		101 193	128 963	57 420
Cost Sales		11 940 093	13 545 025	9 000 316
Creditors	1 416 845	3 297 129	3 908 521	2 552 290
Current Tax For Period		102 823	128 960	57 418
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences		-3 015	28 514	-17 663
Deferred Tax Liabilities		23 878	52 392	34 729
Depreciation Expense Property Plant Equipment		70 270	75 317	91 145
Depreciation Rate Used For Property Plant Equipment		25	25	25
Disposals Decrease In Depreciation Impairment Property Plant Equipment		21 500		42 278
Disposals Property Plant Equipment		21 500		44 867
Distribution Average Number Employees		17	17	17
Finance Lease Liabilities Present Value Total		36 754	45 360	23 243
Finance Lease Payments Owing Minimum Gross		36 754	45 360	23 243
Finished Goods		1 704 453	1 996 187	2 394 437
Fixed Assets	1 008 931	981 594	1 032 216	986 256
Gain Loss In Cash Flows From Change In Accrued Items		186 632	191 691	-154 695
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables		1 625 022	410 506	-1 086 905
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables		-1 251 619	-42 645	802 577
Gain Loss In Cash Flows From Change In Inventories		-238 154	-291 734	-398 250
Gain Loss On Disposals Property Plant Equipment		5 400		13 865
Government Grant Income		200 258	21 803	4 622
Gross Profit Loss		2 584 160	3 248 001	2 721 859
Income Taxes Paid Refund Classified As Operating Activities		32 001	101 190	128 961
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation		699 547	843 069	-739 891
Increase Decrease In Existing Provisions			28 514	-17 663
Increase Decrease In Net Debt From Cash Flows			882 439	681 299
Increase From Amortisation Charge For Year Intangible Assets				14 121
Increase From Depreciation Charge For Year Property Plant Equipment		70 270	75 317	91 145
Intangible Assets			56 730	46 275
Intangible Assets Gross Cost			56 730	60 396
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings		3 814	2 080	387
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts		2 812	2 327	2 121
Interest Income On Bank Deposits		818	555	2 310
Interest Paid Classified As Operating Activities		6 626	4 407	2 508
Interest Payable Similar Charges Finance Costs		6 626	4 407	2 508
Interest Received Classified As Operating Activities		818	555	2 310
Net Cash Flows From Used In Financing Activities		98 681	-17 567	-53 970
Net Cash Flows From Used In Investing Activities		-37 533	-125 939	-45 441
Net Cash Flows From Used In Operating Activities		638 399	986 575	-640 480
Net Cash Generated From Operations		676 208	1 091 617	-511 321
Net Current Assets Liabilities	1 806 051	2 115 087	2 681 143	2 893 156
Net Debt Funds		-1 566 308	-2 448 747	-1 767 448
Net Deferred Tax Liability Asset		23 878	52 392	34 729
Operating Profit Loss		489 921	770 285	239 173
Other Creditors		74 333	98 051	208 092
Other Interest Receivable Similar Income Finance Income		818	555	2 310
Other Operating Income Format1		200 258	21 803	4 622
Other Taxation Social Security Payable		276 440	296 274	305 282
Par Value Share			1	1
Payments Finance Lease Liabilities Classified As Financing Activities		35 388	-8 606	22 117
Pension Costs Defined Contribution Plan		34 649	35 824	42 444
Pension Other Post-employment Benefit Costs Other Pension Costs		34 649	35 824	42 444
Prepayments Accrued Income		28 198	11 139	18 626
Proceeds From Borrowings Classified As Financing Activities		-66 189	-47 976
Proceeds From Government Grants Classified As Financing Activities		200 258	21 803	4 622
Proceeds From Sales Property Plant Equipment		5 400		16 454
Profit Loss		384 305	608 959	199 220
Profit Loss On Ordinary Activities Before Tax		484 113	766 433	238 975
Property Plant Equipment Gross Cost	1 625 557	1 646 990	1 716 199	1 729 561
Provisions		23 878	52 392	34 729
Provisions For Liabilities Balance Sheet Subtotal	27 099	23 878	52 392	34 729
Purchase Intangible Assets			56 730	3 666
Purchase Property Plant Equipment		42 933	69 209	58 229
Repayments Borrowings Classified As Financing Activities			47 976	36 475
Revenue From Sale Goods		14 524 253	16 793 026	11 722 175
Social Security Costs		185 805	197 379	176 820
Staff Costs Employee Benefits Expense		1 928 648	2 012 691	1 879 145
Tax Expense Credit Applicable Tax Rate		91 981	145 622	45 405
Tax Increase Decrease From Effect Capital Allowances Depreciation		7 166	-4 511	-9 026
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss		661	16 363	2 743
Tax Tax Credit On Profit Or Loss On Ordinary Activities		99 808	157 474	39 755
Total Additions Including From Business Combinations Property Plant Equipment		42 933
Total Assets Less Current Liabilities	2 814 982	3 096 681	3 713 359	3 879 412
Trade Creditors Trade Payables		2 309 241	2 676 195	1 470 241
Trade Debtors Trade Receivables		1 983 881	2 051 756	1 241 692
Turnover Revenue		14 524 253	16 793 026	11 722 175
Wages Salaries		1 708 194	1 779 488	1 659 881
Director Remuneration		647 733	720 250	490 250
Director Remuneration Benefits Excluding Payments To Third Parties		540 155	586 000	364 000

Account next due date	29 February 2024
Account last made up date	31 May 2022
Confirmation statement next due date	25 October 2024
Confirmation statement last made up date	11 October 2023

Annual Accounts
Start Date For Period Covered By Report	2020-06-01
End Date For Period Covered By Report	31/05/2021
Annual Accounts
Start Date For Period Covered By Report	2021-06-01
End Date For Period Covered By Report	31/05/2022
Annual Accounts
Start Date For Period Covered By Report	01/06/2022
End Date For Period Covered By Report	31/05/2023

Ian A Kernohan (ni) Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Victor S.

David R.

Jocelyn S.

Victor S.

Ronald G.

David M.

Victor S.

People with significant control

Victor S.

Accounts Documents

Company filings

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