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REGISTERED NUMBER: 11781186 (England and Wales)

















Unaudited Financial Statements

For The Period 1 March 2023 to 31 August 2023

for

Kellica Limited

Kellica Limited (Registered number: 11781186)

Contents of the Financial Statements
For The Period 1 March 2023 to 31 August 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Kellica Limited

Company Information
For The Period 1 March 2023 to 31 August 2023







DIRECTORS: Mrs A L May
Mrs C E Reilly





REGISTERED OFFICE: Grasslands
Pye Corner
Gilston
Harlow
Essex
CM20 2RB





REGISTERED NUMBER: 11781186 (England and Wales)





ACCOUNTANTS: Giess Wallis Crisp LLP
10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET

Kellica Limited (Registered number: 11781186)

Statement of Financial Position
31 August 2023

2023 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 79,408

CURRENT ASSETS
Debtors 5 5,254 21,018
Cash at bank and in hand 4,446 7,637
9,700 28,655
CREDITORS
Amounts falling due within one year 6 219,195 243,148
NET CURRENT LIABILITIES (209,495 ) (214,493 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(209,495

)

(135,085

)

CREDITORS
Amounts falling due after more than one
year

7

(23,333

)

(28,333

)

PROVISIONS FOR LIABILITIES 9 - (19,852 )
NET LIABILITIES (232,828 ) (183,270 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 (232,928 ) (183,370 )
SHAREHOLDERS' FUNDS (232,828 ) (183,270 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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.

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



Mrs A L May - Director


Kellica Limited (Registered number: 11781186)

Notes to the Financial Statements
For The Period 1 March 2023 to 31 August 2023


1. STATUTORY INFORMATION

Kellica Limited 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. 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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions which have had a significant risk of causing a material adjustment to the carrying amount of assets and liabilities

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% straight line basis

Financial instruments
The company has elected to apply the provisions of Section 11:'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues ' of FRS 102 to all of its financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors and creditors.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Short terms debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by current accounts, cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.


Kellica Limited (Registered number: 11781186)

Notes to the Financial Statements - continued
For The Period 1 March 2023 to 31 August 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023 149,317
Disposals (149,317 )
At 31 August 2023 -
DEPRECIATION
At 1 March 2023 69,909
Eliminated on disposal (69,909 )
At 31 August 2023 -
NET BOOK VALUE
At 31 August 2023 -
At 28 February 2023 79,408

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade debtors 7 -
Amounts owed by group undertakings 4,948 5,260
Other debtors 100 100
Merchant Holding Accounts 44 100
VAT 155 10,333
Prepayments and accrued income - 5,225
5,254 21,018

Kellica Limited (Registered number: 11781186)

Notes to the Financial Statements - continued
For The Period 1 March 2023 to 31 August 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Bank loans and overdrafts (see note 8) 10,000 10,000
Trade creditors 72,262 57,461
Amounts owed to group undertakings 134,513 174,237
Accrued expenses 2,420 1,450
219,195 243,148

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2023
£    £   
Bank loans (see note 8) 23,333 28,333

8. LOANS

An analysis of the maturity of loans is given below:

2023 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 13,333 18,333

9. PROVISIONS FOR LIABILITIES
2023 2023
£    £   
Deferred tax - 19,852

Deferred
tax
£   
Balance at 1 March 2023 19,852
Utilised during period (19,852 )
Balance at 31 August 2023 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2023
value: £    £   
100 Ordinary GBP Shares £1 100 100

Kellica Limited (Registered number: 11781186)

Notes to the Financial Statements - continued
For The Period 1 March 2023 to 31 August 2023


11. RESERVES
Retained
earnings
£   

At 1 March 2023 (183,370 )
Deficit for the period (49,558 )
At 31 August 2023 (232,928 )