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Company No: 08774086 (England and Wales)

KELLY UTILITIES & PLANT LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 29 FEBRUARY 2024
PAGES FOR FILING WITH THE REGISTRAR

KELLY UTILITIES & PLANT LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 29 FEBRUARY 2024

Contents

KELLY UTILITIES & PLANT LTD

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 29 FEBRUARY 2024
KELLY UTILITIES & PLANT LTD

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 29 FEBRUARY 2024
DIRECTOR J Kelly
REGISTERED OFFICE 24 Barnhill Road
Prestwich
Manchester
United Kingdom
COMPANY NUMBER 08774086 (England and Wales)
CHARTERED ACCOUNTANTS PM+M Solutions for Business LLP
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
BB1 5QB
KELLY UTILITIES & PLANT LTD

BALANCE SHEET

AS AT 29 FEBRUARY 2024
KELLY UTILITIES & PLANT LTD

BALANCE SHEET (continued)

AS AT 29 FEBRUARY 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 98,546 117,159
98,546 117,159
Current assets
Debtors 4 198,595 200,661
Cash at bank and in hand 211,290 153,853
409,885 354,514
Creditors: amounts falling due within one year 5 ( 67,305) ( 62,201)
Net current assets 342,580 292,313
Total assets less current liabilities 441,126 409,472
Creditors: amounts falling due after more than one year 6 ( 12,500) ( 21,777)
Provision for liabilities ( 24,637) ( 22,260)
Net assets 403,989 365,435
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 403,889 365,335
Total shareholders' funds 403,989 365,435

For the financial year ending 29 February 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Kelly Utilities & Plant Ltd (registered number: 08774086) were approved and authorised for issue by the Director on 27 November 2024. They were signed on its behalf by:

J Kelly
Director
KELLY UTILITIES & PLANT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 29 FEBRUARY 2024
KELLY UTILITIES & PLANT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 29 FEBRUARY 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Kelly Utilities & Plant Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 24 Barnhill Road, Prestwich, Manchester, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 12.5 - 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 3 3

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 March 2023 194,732 194,732
Additions 5,367 5,367
At 29 February 2024 200,099 200,099
Accumulated depreciation
At 01 March 2023 77,573 77,573
Charge for the financial year 23,980 23,980
At 29 February 2024 101,553 101,553
Net book value
At 29 February 2024 98,546 98,546
At 28 February 2023 117,159 117,159

4. Debtors

2024 2023
£ £
CIS suffered 183,595 179,802
Other debtors 15,000 20,859
198,595 200,661

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,000 10,000
Trade creditors 5,110 545
Taxation and social security 41,839 41,655
Other creditors 10,356 10,001
67,305 62,201

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 12,500 21,777

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100