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COMPANY REGISTRATION NUMBER: 09283622
Kellsboro Advisory Limited
Filleted Unaudited Financial Statements
30 April 2023
Kellsboro Advisory Limited
Financial Statements
Year ended 30 April 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Kellsboro Advisory Limited
Statement of Financial Position
30 April 2023
2023
2022
Note
£
£
Current assets
Debtors
5
69,816
82,062
Cash at bank and in hand
95,420
20,315
---------
---------
165,236
102,377
Creditors: amounts falling due within one year
6
19,772
2,212
---------
---------
Net current assets
145,464
100,165
---------
---------
Total assets less current liabilities
145,464
100,165
---------
---------
Net assets
145,464
100,165
---------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
145,463
100,164
---------
---------
Shareholders funds
145,464
100,165
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 14 November 2023 , and are signed on behalf of the board by:
N Firman
Director
Company registration number: 09283622
Kellsboro Advisory Limited
Notes to the Financial Statements
Year ended 30 April 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 68 The Street, Rockland All Saints, Attleborough, NR17 1TP, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Debtors
2023
2022
£
£
Trade debtors
16,650
Other debtors
69,816
65,412
--------
--------
69,816
82,062
--------
--------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
16,460
1,073
Other creditors
3,312
1,139
--------
-------
19,772
2,212
--------
-------
7. Related party transactions
At the year end the company owed £Nil (2022: £339) to the directors. At the year end the company was owed £65,412 (2022: £65,412) by companies associated by common control.