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REGISTERED NUMBER: 03809894 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Kelvinair Maintenance Services Ltd

Kelvinair Maintenance Services Ltd (Registered number: 03809894)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Kelvinair Maintenance Services Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: J G Halliday
D J Halliday





REGISTERED OFFICE: Unit 1
Sovereign Business Park
Butterley Street
Leeds
West Yorkshire
LS10 1AW





REGISTERED NUMBER: 03809894 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
BD21 3DS

Kelvinair Maintenance Services Ltd (Registered number: 03809894)

Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 12,295 20,533

CURRENT ASSETS
Stocks 6 8,865 7,322
Debtors 7 432,852 260,375
Cash at bank 30,334 33,204
472,051 300,901
CREDITORS
Amounts falling due within one year 8 (322,023 ) (192,568 )
NET CURRENT ASSETS 150,028 108,333
TOTAL ASSETS LESS CURRENT
LIABILITIES

162,323

128,866

CREDITORS
Amounts falling due after more than one
year

9

(28,808

)

(42,696

)

PROVISIONS FOR LIABILITIES (3,074 ) (3,901 )
NET ASSETS 130,441 82,269

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 130,341 82,169
SHAREHOLDERS' FUNDS 130,441 82,269

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

Kelvinair Maintenance Services Ltd (Registered number: 03809894)

Statement of Financial Position - continued
31 July 2023



The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2023 and were signed on its behalf by:





J G Halliday - Director


Kelvinair Maintenance Services Ltd (Registered number: 03809894)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Kelvinair Maintenance Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Kelvinair Maintenance Services Ltd (Registered number: 03809894)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 6,209 10,477 115,572 16,275 148,533
Disposals - - (24,668 ) (8,925 ) (33,593 )
At 31 July 2023 6,209 10,477 90,904 7,350 114,940
DEPRECIATION
At 1 August 2022 6,209 10,477 95,098 16,216 128,000
Charge for year - - 8,180 59 8,239
Eliminated on disposal - - (24,669 ) (8,925 ) (33,594 )
At 31 July 2023 6,209 10,477 78,609 7,350 102,645
NET BOOK VALUE
At 31 July 2023 - - 12,295 - 12,295
At 31 July 2022 - - 20,474 59 20,533

6. STOCKS
31.7.23 31.7.22
£    £   
Stocks 8,865 7,322

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 236,308 133,531
Amounts owed by group undertakings 178,441 113,649
Prepayments and accrued income 18,103 13,195
432,852 260,375

Kelvinair Maintenance Services Ltd (Registered number: 03809894)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 10,263 9,899
Hire purchase contracts 3,977 3,977
Trade creditors 172,397 78,933
Tax 35,184 15,963
Social security and other taxes 25,595 30,225
Other creditors 185 219
Directors' current accounts 71,410 50,033
Accrued expenses 3,012 3,319
322,023 192,568

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans - 1-2 years 10,654 10,276
Bank loans - 2-5 years 8,542 18,831
Hire purchase contracts 9,612 13,589
28,808 42,696

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Kelvinair Maintenance Services Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kelvinair Maintenance Services Ltd for the year ended 31 July 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Kelvinair Maintenance Services Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kelvinair Maintenance Services Ltd and state those matters that we have agreed to state to the Board of Directors of Kelvinair Maintenance Services Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kelvinair Maintenance Services Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kelvinair Maintenance Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kelvinair Maintenance Services Ltd. You consider that Kelvinair Maintenance Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kelvinair Maintenance Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
BD21 3DS


2 October 2023