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Registered number: 07172480

L Kelton Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

L Kelton Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
Mrs L M Kelton
M Kelton
REGISTERED OFFICE
Langwath Cottage
Moorhouse
Carlisle
Cumbria
CA5 6HA
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07172480
BANKERS
HSBC Bank Plc
ACCOUNTANTS
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

L Kelton Limited

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

L Kelton Limited

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets3503,351503,580
CURRENT ASSETS
Cash at bank and in hand2,6621,776
2,6621,776
CREDITORS: Amounts falling due within one year5466,376470,816
NET CURRENT LIABILITIES(463,714)(469,040)
TOTAL ASSETS LESS CURRENT LIABILITIES39,63734,540
CREDITORS: Amounts falling due after more than one year67,18611,617
PROVISIONS FOR LIABILITIES AND CHARGES130174
NET ASSETS32,32122,749
CAPITAL AND RESERVES
Called up share capital8200200
Profit and loss account32,12122,549
SHAREHOLDERS' FUNDS32,32122,749
For the year ending 31/03/2024 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 23/08/2024 and signed on their behalf by
.............................
Mrs L M Kelton
Director

L Kelton Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 25%
1c. Investment Properties
Investment properties are included in the financial statements at fair value. No depreciation is provided on such property.
2. EMPLOYEES
20242023
No.No.
Average number of employees--

L Kelton Limited

3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsTotal
£££
Cost
At 01/04/20231,6701,0492,719
At 31/03/20241,6701,0492,719
Depreciation
At 01/04/20238729321,804
For the year20029229
At 31/03/20241,0729612,033
Net Book Amounts
At 31/03/202459888686
At 31/03/2023798117915
4. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/04/2023502,665502,665
At 31/03/2024502,665502,665
In the view of the directors, the Investment properties are carried at fair value at 31st March 2024.
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax2,7582,214
Directors current accounts457,425461,623
Bank loan5,1735,915
Other creditors-44
Accruals1,0201,020
466,376470,816

L Kelton Limited

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (secured) >1yr7,18611,617
7,18611,617
7. SECURED CREDITORS
20242023
££
Amount of bank loans and overdrafts which are secured12,35917,533
The bank loan is secured by way of directors personal guarantees.
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100 Ordinary A shares of £1 each100100
200200
9. RELATED PARTY TRANSACTIONS
No remuneration was paid to the directors during the year (2023 - £Nil).
Dividends of £2,000 were paid to the directors during the year (2023 - £4,000).
At the balance sheet date total loans of £457,425 were owed to the directors (2023 - £461,623). The loans are unsecured, interest free and repayable on demand.
10. ADDITIONAL INFORMATION
The company is a private company, limited by shares and registered in England & Wales.
The company's registered number is 07172480.
The company's registered office is Langwath Cottage, Moorhouse, Carlisle, Cumbria, CA5 6HA.