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REGISTERED NUMBER: 01936035 (England and Wales)
























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

KELLY LIMITED

KELLY LIMITED (REGISTERED NUMBER: 01936035)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KELLY LIMITED

COMPANY INFORMATION
For The Year Ended 29 February 2024







DIRECTOR: Mrs D Kelly





REGISTERED OFFICE: 5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU





REGISTERED NUMBER: 01936035 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

KELLY LIMITED (REGISTERED NUMBER: 01936035)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,267 2,533
Investments 5 975,000 975,000
976,267 977,533

CURRENT ASSETS
Debtors 6 - 264
Cash at bank 831,277 800,010
831,277 800,274
CREDITORS
Amounts falling due within one year 7 372,499 377,887
NET CURRENT ASSETS 458,778 422,387
TOTAL ASSETS LESS CURRENT LIABILITIES 1,435,045 1,399,920

PROVISIONS FOR LIABILITIES 10,786 8,198
NET ASSETS 1,424,259 1,391,722

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 80,651 80,651
Retained earnings 1,343,508 1,310,971
SHAREHOLDERS' FUNDS 1,424,259 1,391,722

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

KELLY LIMITED (REGISTERED NUMBER: 01936035)

BALANCE SHEET - continued
29 February 2024


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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2024 and were signed by:





Mrs D Kelly - Director


KELLY LIMITED (REGISTERED NUMBER: 01936035)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 29 February 2024


1. STATUTORY INFORMATION

Kelly 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 as modified by the revaluation of certain assets.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

KELLY LIMITED (REGISTERED NUMBER: 01936035)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 February 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 4,500 424 4,924
DEPRECIATION
At 1 March 2023 2,250 141 2,391
Charge for year 1,125 141 1,266
At 29 February 2024 3,375 282 3,657
NET BOOK VALUE
At 29 February 2024 1,125 142 1,267
At 28 February 2023 2,250 283 2,533

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2023
and 29 February 2024 975,000
NET BOOK VALUE
At 29 February 2024 975,000
At 28 February 2023 975,000

Cost or valuation at 29 February 2024 is represented by:

Other
investments
£   
Valuation in 2015 975,000

Investment properties were valued on an open market basis on 5 January 2015 by CPH Chartered Surveyors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 264

KELLY LIMITED (REGISTERED NUMBER: 01936035)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 February 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 10,378 8,582
Other creditors 362,121 369,305
372,499 377,887

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Fair
value
reserve
£   
At 1 March 2023
and 29 February 2024 80,651