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Company Registration No. 11634626 (England and Wales)
Kellisum Cars Ltd Unaudited accounts for the year ended 31 October 2023
Kellisum Cars Ltd Unaudited accounts Contents
Page
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Kellisum Cars Ltd Company Information for the year ended 31 October 2023
Director
Kellsy Bekele EHORO
Company Number
11634626 (England and Wales)
Registered Office
Unit 4 wha ind estate allington lane west end southampton hampshire so303hp
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Kellisum Cars Ltd Accountants' report
Accountants' report to the director of Kellisum Cars Ltd on the preparation of the unaudited statutory accounts for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Kellisum Cars Ltd for the year ended 31 October 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Kellisum Cars Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Kellisum Cars Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kellisum Cars Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Kellisum Cars Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Kellisum Cars Ltd. You consider that Kellisum Cars Ltd 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 accounts of Kellisum Cars Ltd. 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 accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 22 February 2024
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Kellisum Cars Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
320 
426 
Current assets
Inventories
126,404 
149,208 
Debtors
10,345 
17,411 
Cash at bank and in hand
7,913 
12,512 
144,662 
179,131 
Creditors: amounts falling due within one year
(66,359)
(66,550)
Net current assets
78,303 
112,581 
Total assets less current liabilities
78,623 
113,007 
Creditors: amounts falling due after more than one year
(13,213)
(25,254)
Net assets
65,410 
87,753 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
65,409 
87,752 
Shareholders' funds
65,410 
87,753 
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 February 2024 and were signed on its behalf by
Kellsy Bekele EHORO Director Company Registration No. 11634626
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Kellisum Cars Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Kellisum Cars Ltd is a private company, limited by shares, registered in England and Wales, registration number 11634626. The registered office is Unit 4 wha ind estate allington lane, west end, southampton, hampshire, so303hp.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 November 2022
748 
At 31 October 2023
748 
Depreciation
At 1 November 2022
322 
Charge for the year
106 
At 31 October 2023
428 
Net book value
At 31 October 2023
320 
At 31 October 2022
426 
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Kellisum Cars Ltd Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,345 
16,780 
Accrued income and prepayments
- 
631 
10,345 
17,411 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
8,078 
11,168 
VAT
8,475 
1,993 
Trade creditors
4,090 
7,629 
Taxes and social security
(2,605)
13,335 
Other creditors
2,799 
204 
Loans from directors
43,261 
31,999 
Accruals
2,261 
222 
66,359 
66,550 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
13,213 
25,254 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Kellsy Bekele EHORO
Director Current Account
(31,999)
(16,250)
(4,988)
(43,261)
(31,999)
(16,250)
(4,988)
(43,261)
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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