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REGISTERED NUMBER: 04538185 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Nick Kellett Limited

Nick Kellett Limited (Registered number: 04538185)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nick Kellett Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: N C Kellett





SECRETARY: J Kellett





REGISTERED OFFICE: Shadwell House
65 Lower Green Road
Rusthall
Tunbridge Wells
Kent
TN4 8TW





REGISTERED NUMBER: 04538185 (England and Wales)





ACCOUNTANTS: Peter Hodgson & Co.
Chartered Accountants
Shadwell House
65 Lower Green Road
Tunbridge Wells
Kent
TN4 8TW

Nick Kellett Limited (Registered number: 04538185)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,939 3,415

CURRENT ASSETS
Inventories 13,886 14,136
Cash at bank 33,640 24,471
47,526 38,607
CREDITORS
Amounts falling due within one year 5 4,958 2,760
NET CURRENT ASSETS 42,568 35,847
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,507

39,262

CREDITORS
Amounts falling due after more than one
year

6

(16,754

)

(19,976

)

PROVISIONS FOR LIABILITIES 7 (558 ) (649 )
NET ASSETS 28,195 18,637

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 28,095 18,537
SHAREHOLDERS' FUNDS 28,195 18,637

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Nick Kellett Limited (Registered number: 04538185)

Balance Sheet - continued
30 November 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 September 2024 and were signed by:





N C Kellett - Director


Nick Kellett Limited (Registered number: 04538185)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Nick Kellett Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Significant judgements and estimates
There are no significant judgements or estimates pertaining to these accounts that the directors feel need to be brought to the attention of users of these accounts.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Financial instruments
Basic financial instruments comprising debtors, bank and cash balances are recorded at fair value.

Functional currency
The functional currency used by the company is £ Sterling.

Nick Kellett Limited (Registered number: 04538185)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures Motor
& equipment vehicles Totals
£    £    £   
COST
At 1 December 2022 20,808 9,500 30,308
Additions 504 - 504
At 30 November 2023 21,312 9,500 30,812
DEPRECIATION
At 1 December 2022 20,399 6,494 26,893
Charge for year 228 752 980
At 30 November 2023 20,627 7,246 27,873
NET BOOK VALUE
At 30 November 2023 685 2,254 2,939
At 30 November 2022 409 3,006 3,415

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,588 660
Tax 2,321 1,089
Accrued expenses 1,049 1,011
4,958 2,760

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Directors current accounts 16,754 19,976

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 558 649

Deferred
tax
£   
Balance at 1 December 2022 649
Provided during year (91 )
Balance at 30 November 2023 558

Nick Kellett Limited (Registered number: 04538185)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 December 2022 18,537
Profit for the year 9,558
At 30 November 2023 28,095