IRIS Accounts Production v24.2.0.383 06983758 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069837582022-12-31069837582023-12-31069837582023-01-012023-12-31069837582021-12-31069837582022-01-012022-12-31069837582022-12-3106983758ns15:EnglandWales2023-01-012023-12-3106983758ns14:PoundSterling2023-01-012023-12-3106983758ns10:Director12023-01-012023-12-3106983758ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3106983758ns10:SmallEntities2023-01-012023-12-3106983758ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3106983758ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3106983758ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106983758ns10:FullAccounts2023-01-012023-12-3106983758ns10:Director22023-01-012023-12-3106983758ns10:Director32023-01-012023-12-3106983758ns10:RegisteredOffice2023-01-012023-12-3106983758ns5:CurrentFinancialInstruments2023-12-3106983758ns5:CurrentFinancialInstruments2022-12-3106983758ns5:ShareCapital2023-12-3106983758ns5:ShareCapital2022-12-3106983758ns5:CapitalRedemptionReserve2023-12-3106983758ns5:CapitalRedemptionReserve2022-12-3106983758ns5:RetainedEarningsAccumulatedLosses2023-12-3106983758ns5:RetainedEarningsAccumulatedLosses2022-12-3106983758ns5:LandBuildings2023-01-012023-12-3106983758ns5:PlantMachinery2023-01-012023-12-3106983758ns5:LandBuildings2022-12-3106983758ns5:PlantMachinery2022-12-3106983758ns5:LandBuildings2023-12-3106983758ns5:PlantMachinery2023-12-3106983758ns5:LandBuildings2022-12-3106983758ns5:PlantMachinery2022-12-3106983758ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3106983758ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 06983758 (England and Wales)









Financial Statements

for the Year Ended 31 December 2023

for

Kelly Supply Solutions Limited

Kelly Supply Solutions Limited (Registered number: 06983758)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Kelly Supply Solutions Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: T J Kelly
L McGrane
A O'Reilly





REGISTERED OFFICE: Kelly House
Fourth Way
Wembley
Middlesex
HA9 0LH





REGISTERED NUMBER: 06983758 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

Kelly Supply Solutions Limited (Registered number: 06983758)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 217,956 460,375

CURRENT ASSETS
Stocks 82,798 13,185
Debtors 6 2,548,927 3,981,662
Cash at bank 1,937,248 253,729
4,568,973 4,248,576
CREDITORS
Amounts falling due within one year 7 (4,555,120 ) (4,431,601 )
NET CURRENT ASSETS/(LIABILITIES) 13,853 (183,025 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

231,809

277,350

CAPITAL AND RESERVES
Called up share capital 750 750
Capital redemption reserve 250 250
Retained earnings 230,809 276,350
231,809 277,350

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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





A O'Reilly - Director


Kelly Supply Solutions Limited (Registered number: 06983758)

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

1. STATUTORY INFORMATION

Kelly Supply Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 33.33% on cost
Plant and machinery etc - 25% Straight line and 20% on reducing balance

Stocks
Stocks 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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 21 ) .

Kelly Supply Solutions Limited (Registered number: 06983758)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 30,274 530,785 561,059
Additions - 6,559 6,559
Disposals - (271,778 ) (271,778 )
At 31 December 2023 30,274 265,566 295,840
DEPRECIATION
At 1 January 2023 1,682 99,002 100,684
Charge for year 10,091 57,598 67,689
Eliminated on disposal - (90,489 ) (90,489 )
At 31 December 2023 11,773 66,111 77,884
NET BOOK VALUE
At 31 December 2023 18,501 199,455 217,956
At 31 December 2022 28,592 431,783 460,375

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,325,108 3,601,445
Other debtors 223,819 380,217
2,548,927 3,981,662

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,428,248 1,377,760
Taxation and social security 180,403 106,322
Other creditors 2,946,469 2,947,519
4,555,120 4,431,601