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REGISTERED NUMBER: 00461171 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2022


for



Kaylee Transfers Limited



Kaylee Transfers Limited (Registered number: 00461171)








Contents of the Financial Statements

for the Year Ended 31 December 2022





Page




Abridged Balance Sheet  

1




Notes to the Financial Statements  

3





Kaylee Transfers Limited (Registered number: 00461171)



Abridged Balance Sheet

31 December 2022



2022

2021



as restated



Notes

£   

£   

£   

£   


FIXED ASSETS

Intangible assets

4

26,900


53,800



Tangible assets

5

179,405


212,163



Investments

6

833,981


897,413



1,040,286


1,163,376




CURRENT ASSETS

Stocks

130,748


120,634



Debtors

653,021


604,364



Cash at bank and in hand

1,499,302


1,164,096



2,283,071


1,889,094



CREDITORS

Amounts falling due within one year

732,323


589,030



NET CURRENT ASSETS

1,550,748


1,300,064



TOTAL ASSETS LESS CURRENT

LIABILITIES

2,591,034


2,463,440




PROVISIONS FOR LIABILITIES

70,536


53,873



NET ASSETS

2,520,498


2,409,567




CAPITAL AND RESERVES

Called up share capital

10,000


10,000



Fair value reserve

7

233,981


297,413



Retained earnings

7

2,276,517


2,102,154



SHAREHOLDERS' FUNDS

2,520,498


2,409,567





Kaylee Transfers Limited (Registered number: 00461171)



Abridged Balance Sheet - continued

31 December 2022



The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.  


All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.  


In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.  


The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by:






R I Hardiker - Director




Kaylee Transfers Limited (Registered number: 00461171)



Notes to the Financial Statements

for the Year Ended 31 December 2022


1.

STATUTORY INFORMATION



Kaylee Transfers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:



Registered number:

00461171



Registered office:

New Tythe Street


Long Eaton


Nottinghamshire


NG10 2DL


2.

ACCOUNTING POLICIES



Basis of preparing the financial statements


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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.    



Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.


Goodwill


Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.  



Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.


Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.  


Freehold property

-

2% on cost


Plant and machinery

-

20% on reducing balance


Fixtures and fittings

-

10% on reducing balance


Motor vehicles

-

25% on reducing balance



Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.



Kaylee Transfers Limited (Registered number: 00461171)



Notes to the Financial Statements - continued

for the Year Ended 31 December 2022


2.

ACCOUNTING POLICIES - continued


Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.


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.


Fixed asset investments


Fixed asset investments represents a unit linked investment and is held at fair value. Any change in fair value is recognised in the profit and loss account. The fair value is determined by the valuation provided by the investment company as at 31 December 2020.


3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 25 (2021 - 27 ) .


4.

INTANGIBLE FIXED ASSETS


Totals

£   



COST


At 1 January 2022


and 31 December 2022

134,500




AMORTISATION


At 1 January 2022

80,700




Amortisation for year

26,900




At 31 December 2022

107,600




NET BOOK VALUE



At 31 December 2022

26,900




At 31 December 2021

53,800





Kaylee Transfers Limited (Registered number: 00461171)



Notes to the Financial Statements - continued

for the Year Ended 31 December 2022


5.

TANGIBLE FIXED ASSETS


Totals

£   



COST


At 1 January 2022

2,089,610




Additions

2,621




At 31 December 2022

2,092,231




DEPRECIATION


At 1 January 2022

1,877,447




Charge for year

35,379




At 31 December 2022

1,912,826




NET BOOK VALUE


At 31 December 2022

179,405




At 31 December 2021

212,163




6.

FIXED ASSET INVESTMENTS



Information on investments other than loans is as follows:


Totals

£   



COST OR VALUATION


At 1 January 2022

897,413




Revaluations

(63,432

)



At 31 December 2022

833,981




NET BOOK VALUE


At 31 December 2022

833,981




At 31 December 2021

897,413





Cost or valuation at 31 December 2022 is represented by:


Totals

£   



Valuation in 2016

600,000




Valuation in 2017

77,909




Valuation in 2018

(37,587

)



Valuation in 2019

120,026




Valuation in 2020

18,200




Valuation in 2021

118,865




Valuation in 2022

(63,432

)


833,981





Kaylee Transfers Limited (Registered number: 00461171)



Notes to the Financial Statements - continued

for the Year Ended 31 December 2022


6.

FIXED ASSET INVESTMENTS - continued



If Listed shares had not been revalued they would have been included at the following historical cost:


2022

2021



as

restated


£   

£   



Cost

600,000


600,000





Listed shares were valued on an open market basis on 31 December 2022 by St James Place Wealth Management  .


7.

RESERVES


Fair



Retained


value



earnings


reserve


Totals

£   

£   

£   




At 1 January 2022

1,939,718


297,413


2,237,131




Prior year adjustment

162,436


162,436



2,102,154


2,399,567




Profit for the year

247,905


247,905




Dividends

(136,974

)

(136,974

)



Revaluation

63,432


(63,432

)

-




At 31 December 2022

2,276,517


233,981


2,510,498