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Registered number: 11597753

Siop Kel Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/10/2023

Prepared By:
Hill and Roberts Limited
Chartered Accountants
50 High Street
Mold
Flintshire
CH7 1BH

Siop Kel Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/10/2023
DIRECTORS
Mrs K Nicholson
Mr M Nicholson
REGISTERED OFFICE
50 High Street
Mold
Flintshire
CH7 1BH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11597753
ACCOUNTANTS
Hill and Roberts Limited
Chartered Accountants
50 High Street
Mold
Flintshire
CH7 1BH

Siop Kel Ltd

ACCOUNTS
FOR THEYEARENDED31/10/2023
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-

Siop Kel Ltd

BALANCE SHEET AT 31/10/2023
20232022
Notes££
FIXED ASSETS
Tangible assets32,7303,640
CURRENT ASSETS
Stock10,05010,050
Debtors55,411393
Cash at bank and in hand1,375736
16,83611,179
CREDITORS: Amounts falling due within one year618,4928,255
NET CURRENT (LIABILITIES) / ASSETS(1,656)2,924
TOTAL ASSETS LESS CURRENT LIABILITIES1,0746,564
CAPITAL AND RESERVES
Called up share capital722
Profit and loss account1,0726,562
SHAREHOLDERS' FUNDS1,0746,564
For the year ending 31/10/2023 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 30/10/2024 and signed on their behalf by
.............................
Mrs K Nicholson
Director
.............................

Siop Kel Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2023
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.
Commercial Vehiclesreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20232022
No.No.
Average number of employees22

Siop Kel Ltd

3. TANGIBLE FIXED ASSETS
Commercial
VehiclesTotal
££
Cost
At 01/11/20228,3948,394
At 31/10/20238,3948,394
Depreciation
At 01/11/20224,7544,754
For the year910910
At 31/10/20235,6645,664
Net Book Amounts
At 31/10/20232,7302,730
At 31/10/20223,6403,640
4. STOCK 20232022
££
Stock comprises:
Stock10,05010,050
10,05010,050
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors1,183393
Directors current account4,228-
5,411393

Siop Kel Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax10,7816,518
VAT2,931-
Directors current account-51
Bank Loan397397
Hire purchase-373
Trade creditors2,492-
Other creditors316316
Accruals1,575600
18,4928,255
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22