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REGISTERED NUMBER: 02586059 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Kellmatt Limited

Kellmatt Limited (Registered number: 02586059)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kellmatt Limited

Company Information
for the Year Ended 31 May 2023







Directors: M J Weir
L Grinnall





Secretary: G E Christie





Registered office: 87a High Street
The Old Town
Hemel Hempstead
HP1 3AH





Registered number: 02586059 (England and Wales)





Accountants: Pinkham Blair
Chartered Accountants
87a High Street
The Old Town
Hemel Hempstead
Hertfordshire
HP1 3AH

Kellmatt Limited (Registered number: 02586059)

Balance Sheet
31 May 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 348,947 385,079

Current assets
Stocks 58,067 81,368
Debtors 5 162,790 205,981
Cash at bank 355,848 233,457
576,705 520,806
Creditors
Amounts falling due within one year 6 138,850 202,346
Net current assets 437,855 318,460
Total assets less current liabilities 786,802 703,539

Creditors
Amounts falling due after more than
one year

7

(180,568

)

(200,754

)

Provisions for liabilities (59,597 ) (53,321 )
Net assets 546,637 449,464

Capital and reserves
Called up share capital 9 100 100
Retained earnings 546,537 449,364
Shareholders' funds 546,637 449,464

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

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

Kellmatt Limited (Registered number: 02586059)

Balance Sheet - continued
31 May 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by:





M J Weir - Director


Kellmatt Limited (Registered number: 02586059)

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

1. Statutory information

Kellmatt 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.

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 the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - over the unexpired term of the lease
Plant and machinery etc - 20% 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 Income Statement, 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.

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.

Kellmatt Limited (Registered number: 02586059)

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

2. Accounting policies - continued

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.

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.

3. Employees and directors

The average number of employees during the year was 12 (2022 - 10 ) .

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£ £ £
Cost
At 1 June 2022 94,851 738,376 833,227
Additions - 43,000 43,000
At 31 May 2023 94,851 781,376 876,227
Depreciation
At 1 June 2022 32,005 416,143 448,148
Charge for year 9,668 69,464 79,132
At 31 May 2023 41,673 485,607 527,280
Net book value
At 31 May 2023 53,178 295,769 348,947
At 31 May 2022 62,846 322,233 385,079

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 159,869 153,056
Other debtors 2,921 52,925
162,790 205,981

Kellmatt Limited (Registered number: 02586059)

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

6. Creditors: amounts falling due within one year
2023 2022
£ £
Hire purchase contracts (see note 8)
51,456

50,189
Trade creditors 59,285 126,829
Taxation and social security 25,581 5,232
Other creditors 2,528 20,096
138,850 202,346

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Hire purchase contracts (see note 8)
180,568

200,754

8. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£ £
Net obligations repayable:
Within one year 51,456 50,189
Between one and five years 180,568 200,754
232,024 250,943

Non-cancellable
operating leases
2023 2022
£ £
Within one year 73,325 66,007
Between one and five years 109,742 97,008
183,067 163,015

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100

Kellmatt Limited (Registered number: 02586059)

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

10. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£ £
M J Weir
Balance outstanding at start of year - -
Amounts advanced 488 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 488 -