Company registration number 12306465 (England and Wales)
KELPIE (DEVON) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
KELPIE (DEVON) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
KELPIE (DEVON) LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,734
3,837
Current assets
Debtors
4
116,987
36,262
Cash at bank and in hand
258,272
150,671
375,259
186,933
Creditors: amounts falling due within one year
5
(63,576)
(31,603)
Net current assets
311,683
155,330
Net assets
316,417
159,167
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
316,317
159,067
Total equity
316,417
159,167

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 26 November 2024
Miss F  Irvine
Director
Company registration number 12306465 (England and Wales)
KELPIE (DEVON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 2 -
1
Accounting policies
Company information

Kelpie (Devon) Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Summit, Woodwater Park, Pynes Hill, Exeter, United Kingdom, EX2 5WS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for services.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% per annum on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
KELPIE (DEVON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 3 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022
4,771
Additions
1,718
At 30 November 2023
6,489
Depreciation and impairment
At 1 December 2022
934
Depreciation charged in the year
821
At 30 November 2023
1,755
Carrying amount
At 30 November 2023
4,734
At 30 November 2022
3,837
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
116,987
36,262
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
221
209
Taxation and social security
57,641
27,777
Other creditors
5,714
3,617
63,576
31,603
KELPIE (DEVON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 4 -
6
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
One director
2.17
36,262
128,959
1,363
(49,597)
116,987
36,262
128,959
1,363
(49,597)
116,987

The aforementioned advances and credits were unsecured and repayable on demand.

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