KELEA J FINANCIAL LTD

Company Registration Number:
12983753 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

KELEA J FINANCIAL LTD

Contents of the Financial Statements

for the Period Ended 31 October 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

KELEA J FINANCIAL LTD

Company Information

for the Period Ended 31 October 2023




Director: Miss Kelly Joseph
Registered office: 40
Livingstone Road
West Bromwich
England
B70 7HZ
Company Registration Number: 12983753 (England and Wales)

KELEA J FINANCIAL LTD

Directors' Report Period Ended 31 October 2023

The directors present their report with the financial statements of the company for the period ended 31 October 2023

Principal Activities

Provision of book-keeping and financial accounting services.

Directors

The directors shown below have held office during the whole of the period from 01 November 2022 to 31 October 2023
Miss Kelly Joseph

This report was approved by the board of directors on 29 July 2024
And Signed On Behalf Of The Board By:

Name: Miss Kelly Joseph
Status: Director

KELEA J FINANCIAL LTD

Profit and Loss Account

for the Period Ended 31 October 2023


Notes

2023
£

2022
£
Gross Profit or (Loss) 2,024 1,918
Administrative Expenses ( 2,002 ) ( 1,187 )
Operating Profit or (Loss) 22 731
Profit or (Loss) Before Tax 22 731
Tax on Profit ( 61 ) 75
Profit or (Loss) for Period ( 39 ) 806

The notes form part of these financial statements

KELEA J FINANCIAL LTD

Balance sheet

As at 31 October 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 744 1,065
Total fixed assets: 744 1,065
Current assets
Debtors: 1,061 556
Cash at bank and in hand: 319 132
Total current assets: 1,380 688
Creditors: amounts falling due within one year: ( 874 ) ( 487 )
Net current assets (liabilities): 506 201
Total assets less current liabilities: 1,250 1,266
Provision for liabilities: ( 146 ) ( 150 )
Accruals and deferred income: ( 65 ) ( 38 )
Total net assets (liabilities): 1,039 1,078

The notes form part of these financial statements

KELEA J FINANCIAL LTD

Balance sheet continued

As at 31 October 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 1,038 1,077
Shareholders funds: 1,039 1,078

For the year ending 31 October 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

This report was approved by the board of directors on 29 July 2024
And Signed On Behalf Of The Board By:

Name: Miss Kelly Joseph
Status: Director

The notes form part of these financial statements

KELEA J FINANCIAL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.

    Revenue from the sale of goods is recognised when all the following conditions are satisfied:

    - the company has transferred to the buyer the significant risks and rewards of ownership of the goods;

    - the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

    - the amount of revenue can be measured reliably;

    - it is probable that the economic benefits associated with the transaction will flow to the company; and

    - the costs incurred or to be incurred in respect of the transition can be measured reliably.

    Specifically, revenue from the sale of goods is recognised when the goods are delivered and legal title has passed.

    Tangible fixed assets depreciation policy

    Fixed assets held for the company’s own use are stated at cost less accumulated depreciation and accumulated impairment losses.

    Items are depreciated on a straight line basis over their remaining useful economic lives, between 5 and 10 years.

KELEA J FINANCIAL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 1

KELEA J FINANCIAL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 3. Off balance sheet disclosure

    No

KELEA J FINANCIAL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Tangible Assets

Total
Cost £
At 01 November 2022 1,662
Additions -
Disposals -
Revaluations -
Transfers -
At 31 October 2023 1,662
Depreciation
At 01 November 2022 597
Charge for year 321
On disposals -
Other adjustments -
At 31 October 2023 918
Net book value
At 31 October 2023 744
At 31 October 2022 1,065

KELEA J FINANCIAL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

5.1.Related party disclosures

Name of related party: Miss Kelly Joseph
Description of relationship:
Director
Description of the transaction:
Miss Joseph has a directors loan in credit of £874
Balance at 01 November 2022 487
Balance at 31 October 2023 874