1 January 2023 false No description of principal activity Taxfiler 2024.5 SC268149business:PrivateLimitedCompanyLtd2023-01-012023-12-31 SC2681492022-12-31 SC2681492023-01-012023-12-31 SC268149business:AuditExemptWithAccountantsReport2023-01-012023-12-31 SC268149business:FilletedAccounts2023-01-012023-12-31 SC2681492023-12-31 SC268149business:Director12023-01-012023-12-31 SC268149business:Director22023-01-012023-12-31 SC268149business:RegisteredOffice2023-01-012023-12-31 SC2681492022-12-31 SC268149core:WithinOneYear2023-12-31 SC268149core:WithinOneYear2022-12-31 SC268149core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC268149core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 SC268149core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC268149core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 SC268149core:PreviouslyStatedAmount2023-12-31 SC268149core:PreviouslyStatedAmount2022-12-31 SC268149business:SmallEntities2023-01-012023-12-31 SC268149countries:Scotland2023-01-012023-12-31 SC268149core:PlantMachinery2023-01-012023-12-31 SC268149core:MotorVehicles2023-01-012023-12-31 SC268149core:PlantMachinery2022-12-31 SC268149core:MotorVehicles2022-12-31 SC268149core:PlantMachinery2023-12-31 SC268149core:MotorVehicles2023-12-31 SC2681492022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC268149 (Scotland)
Kelly's Welders and Blacksmiths Limited Unaudited accounts for the year ended 31 December 2023
Kelly's Welders and Blacksmiths Limited Unaudited accounts Contents
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Kelly's Welders and Blacksmiths Limited Company Information for the year ended 31 December 2023
Directors
James Kelly Neil Kelly
Company Number
SC268149 (Scotland)
Registered Office
Unit 5a Thistle Industrial Estate Church Street Cowdenbeath Fife KY4 8LP
Accountants
Fraser + Accountants 3 Barossa Place Perth Perthshire PH1 5HG
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Kelly's Welders and Blacksmiths Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
52,426 
43,268 
Current assets
Inventories
74,310 
154,819 
Debtors
478,446 
393,578 
Cash at bank and in hand
84,858 
102,030 
637,614 
650,427 
Creditors: amounts falling due within one year
(127,104)
(169,393)
Net current assets
510,510 
481,034 
Net assets
562,936 
524,302 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
562,935 
524,301 
Shareholders' funds
562,936 
524,302 
For the year ending 31 December 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 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 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 of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by
Neil Kelly Director Company Registration No. SC268149
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Kelly's Welders and Blacksmiths Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Kelly's Welders and Blacksmiths Limited is a private company, limited by shares, registered in Scotland, registration number SC268149. The registered office is Unit 5a Thistle Industrial Estate , Church Street , Cowdenbeath , Fife , KY4 8LP.
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.
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.
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:
Plant & machinery
20% straight line
Motor vehicles
20% straight line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
76,519 
154,193 
230,712 
Additions
- 
23,275 
23,275 
Disposals
- 
(13,990)
(13,990)
At 31 December 2023
76,519 
163,478 
239,997 
Depreciation
At 1 January 2023
69,365 
118,079 
187,444 
Charge for the year
1,240 
12,877 
14,117 
On disposals
- 
(13,990)
(13,990)
At 31 December 2023
70,605 
116,966 
187,571 
Net book value
At 31 December 2023
5,914 
46,512 
52,426 
At 31 December 2022
7,154 
36,114 
43,268 
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Kelly's Welders and Blacksmiths Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
474,500 
378,550 
Accrued income and prepayments
3,946 
15,028 
478,446 
393,578 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
54,553 
44,365 
Trade creditors
31,984 
63,791 
Taxes and social security
19,407 
44,649 
Other creditors
4,705 
8,349 
Accruals
16,455 
8,239 
127,104 
169,393 
7
Average number of employees
During the year the average number of employees was 16 (2022: 16).
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