Company Registration No. 12387999 (England and Wales)
KELLY ( WEST MIDLANDS) HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
PAGES FOR FILING WITH REGISTRAR
KELLY ( WEST MIDLANDS) HOLDINGS LIMITED
COMPANY INFORMATION
Director
Mr S A Kelly
Company number
12387999
Registered office
2b Dunstall Court
Astwood Lane
Feckenham
Redditch
B96 6QH
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
KELLY ( WEST MIDLANDS) HOLDINGS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
KELLY ( WEST MIDLANDS) HOLDINGS LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF KELLY ( WEST MIDLANDS) HOLDINGS LIMITED FOR THE YEAR ENDED 31 MAY 2023
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kelly ( West Midlands) Holdings Limited for the year ended 31 May 2023 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Kelly ( West Midlands) Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kelly ( West Midlands) Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Kelly ( West Midlands) Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kelly ( West Midlands) Holdings Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Kelly ( West Midlands) Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kelly ( West Midlands) Holdings Limited. You consider that Kelly ( West Midlands) Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kelly ( West Midlands) Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited
20 October 2023
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
KELLY ( WEST MIDLANDS) HOLDINGS LIMITED
BALANCE SHEET
AS AT 31 MAY 2023
31 May 2023
- 2 -
2023
2022
as restated
Notes
£
£
£
£
Fixed assets
Investments
3
550,054
550,054
Current assets
Debtors
4
464,206
380,499
Cash at bank and in hand
691,455
3
1,155,661
380,502
Creditors: amounts falling due within one year
5
(265,158)
(26,999)
Net current assets
890,503
353,503
Total assets less current liabilities
1,440,557
903,557
Capital and reserves
Called up share capital
6
3
3
Profit and loss reserves
1,440,554
903,554
Total equity
1,440,557
903,557

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 20 October 2023.
Mr S A Kelly
Director
Company Registration No. 12387999
KELLY ( WEST MIDLANDS) HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
- 3 -
1
Accounting policies
Company information

Kelly ( West Midlands) Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2b Dunstall Court, Astwood Lane, Feckenham, Redditch, B96 6QH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 1 (2022 - 1).

3
Fixed asset investments
2023
2022
£
£
Investments
550,054
550,054
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 June 2022 & 31 May 2023
550,054
Carrying amount
At 31 May 2023
550,054
At 31 May 2022
550,054
KELLY ( WEST MIDLANDS) HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
- 4 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
464,206
380,499
5
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
92,471
-
0
Other creditors
172,687
26,999
265,158
26,999
6
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
3 Ordinary of £1 each
3
3
3
3
7
Ultimate controlling party

The ultimate controlling party is Mr S Kelly.

 

8
Prior period adjustment
Reconciliation of changes in equity
1 February
31 May
2021
2022
Notes
£
£
Equity as previously reported
550,057
930,057
Adjustments to prior year
Correction of dividend paid
1
-
(26,500)
Equity as adjusted
550,057
903,557
Notes to reconciliation
Correction of dividends paid

A prior period adjustment has been made to adjust for dividends paid which were understated in the prior period.

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