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REGISTERED NUMBER: 01936035 (England and Wales)
























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

KELLY LIMITED

KELLY LIMITED (REGISTERED NUMBER: 01936035)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KELLY LIMITED

COMPANY INFORMATION
For The Year Ended 28 February 2023







DIRECTOR: Mrs D Kelly





REGISTERED OFFICE: 5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU





BUSINESS ADDRESS: Tabara
12 Wheatcroft Avenue
Scarborough
North Yorkshire
YO11 3BN





REGISTERED NUMBER: 01936035 (England and Wales)





ACCOUNTANTS: Fortus North Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

KELLY LIMITED (REGISTERED NUMBER: 01936035)

BALANCE SHEET
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,533 3,375
Investments 5 975,000 975,000
977,533 978,375

CURRENT ASSETS
Debtors 6 264 264
Cash at bank 800,010 773,544
800,274 773,808
CREDITORS
Amounts falling due within one year 7 377,887 388,131
NET CURRENT ASSETS 422,387 385,677
TOTAL ASSETS LESS CURRENT LIABILITIES 1,399,920 1,364,052

PROVISIONS FOR LIABILITIES 8,198 8,198
NET ASSETS 1,391,722 1,355,854

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 80,651 80,651
Retained earnings 1,310,971 1,275,103
SHAREHOLDERS' FUNDS 1,391,722 1,355,854

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

KELLY LIMITED (REGISTERED NUMBER: 01936035)

BALANCE SHEET - continued
28 February 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2023 and were signed by:





Mrs D Kelly - Director


KELLY LIMITED (REGISTERED NUMBER: 01936035)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 28 February 2023


1. STATUTORY INFORMATION

Kelly 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 as modified by the revaluation of certain assets.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

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.

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.

Debtors and creditors receivable / payable within one year
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

KELLY LIMITED (REGISTERED NUMBER: 01936035)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28 February 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2022 4,500 - 4,500
Additions - 424 424
At 28 February 2023 4,500 424 4,924
DEPRECIATION
At 1 March 2022 1,125 - 1,125
Charge for year 1,125 141 1,266
At 28 February 2023 2,250 141 2,391
NET BOOK VALUE
At 28 February 2023 2,250 283 2,533
At 28 February 2022 3,375 - 3,375

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2022
and 28 February 2023 975,000
NET BOOK VALUE
At 28 February 2023 975,000
At 28 February 2022 975,000

Cost or valuation at 28 February 2023 is represented by:

Other
investments
£   
Valuation in 2015 975,000

Investment properties were valued on an open market basis on 5 January 2015 by CPH Chartered Surveyors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 264 264

KELLY LIMITED (REGISTERED NUMBER: 01936035)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28 February 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 8,582 14,170
Other creditors 369,305 373,961
377,887 388,131

8. CALLED UP SHARE CAPITAL

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

9. RESERVES
Fair
value
reserve
£   
At 1 March 2022
and 28 February 2023 80,651