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REGISTERED NUMBER: 00461171 (England and Wales)





















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Kaylee Transfers Limited

Kaylee Transfers Limited (Registered number: 00461171)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


Kaylee Transfers Limited (Registered number: 00461171)

Abridged Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 26,900
Tangible assets 5 157,433 179,405
Investments 6 928,458 833,981
1,085,891 1,040,286

CURRENT ASSETS
Stocks 171,084 130,748
Debtors 551,309 653,021
Cash at bank and in hand 1,613,494 1,499,302
2,335,887 2,283,071
CREDITORS
Amounts falling due within one year 589,374 732,323
NET CURRENT ASSETS 1,746,513 1,550,748
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,832,404

2,591,034

PROVISIONS FOR LIABILITIES 112,102 70,536
NET ASSETS 2,720,302 2,520,498

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Fair value reserve 7 328,458 233,981
Retained earnings 7 2,381,844 2,276,517
SHAREHOLDERS' FUNDS 2,720,302 2,520,498

Kaylee Transfers Limited (Registered number: 00461171)

Abridged Balance Sheet - continued
31 December 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





R I Hardiker - Director


Kaylee Transfers Limited (Registered number: 00461171)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Kaylee Transfers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00461171

Registered office: New Tythe Street
Long Eaton
Nottinghamshire
NG10 2DL

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Kaylee Transfers Limited (Registered number: 00461171)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments
Fixed asset investments represents a unit linked investment and is held at fair value. Any change in fair value is recognised in the profit and loss account. The fair value is determined by the valuation provided by the investment company as at 31 December 2020.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 134,500
AMORTISATION
At 1 January 2023 107,600
Amortisation for year 26,900
At 31 December 2023 134,500
NET BOOK VALUE

At 31 December 2023 -
At 31 December 2022 26,900

Kaylee Transfers Limited (Registered number: 00461171)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 2,092,231
Additions 8,526
At 31 December 2023 2,100,757
DEPRECIATION
At 1 January 2023 1,912,826
Charge for year 30,498
At 31 December 2023 1,943,324
NET BOOK VALUE
At 31 December 2023 157,433
At 31 December 2022 179,405

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 January 2023 833,981
Revaluations 94,477
At 31 December 2023 928,458
NET BOOK VALUE
At 31 December 2023 928,458
At 31 December 2022 833,981

Cost or valuation at 31 December 2023 is represented by:
Totals
£   
Valuation in 2016 600,000
Valuation in 2017 77,909
Valuation in 2018 (37,587 )
Valuation in 2019 120,026
Valuation in 2020 18,200
Valuation in 2021 118,865
Valuation in 2022 (63,432 )
Valuation in 2023 94,477
928,458

If Listed shares had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 600,000 600,000

Listed shares were valued on an open market basis on 31 December 2022 by St James Place Wealth Management .

Kaylee Transfers Limited (Registered number: 00461171)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2023 2,276,517 233,981 2,510,498
Profit for the year 304,675 304,675
Dividends (104,871 ) (104,871 )
Revaluation (94,477 ) 94,477 -
At 31 December 2023 2,381,844 328,458 2,710,302