Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09693164 2023-04-01 2024-03-31 09693164 2022-04-01 2023-03-31 09693164 2024-03-31 09693164 2023-03-31 09693164 c:Director1 2023-04-01 2024-03-31 09693164 d:PlantMachinery 2023-04-01 2024-03-31 09693164 d:PlantMachinery 2024-03-31 09693164 d:PlantMachinery 2023-03-31 09693164 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09693164 d:OfficeEquipment 2023-04-01 2024-03-31 09693164 d:OfficeEquipment 2024-03-31 09693164 d:OfficeEquipment 2023-03-31 09693164 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09693164 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09693164 d:CurrentFinancialInstruments 2024-03-31 09693164 d:CurrentFinancialInstruments 2023-03-31 09693164 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09693164 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09693164 d:ShareCapital 2024-03-31 09693164 d:ShareCapital 2023-03-31 09693164 d:RetainedEarningsAccumulatedLosses 2024-03-31 09693164 d:RetainedEarningsAccumulatedLosses 2023-03-31 09693164 c:OrdinaryShareClass1 2023-04-01 2024-03-31 09693164 c:OrdinaryShareClass1 2024-03-31 09693164 c:OrdinaryShareClass1 2023-03-31 09693164 c:OrdinaryShareClass2 2023-04-01 2024-03-31 09693164 c:OrdinaryShareClass2 2024-03-31 09693164 c:OrdinaryShareClass2 2023-03-31 09693164 c:FRS102 2023-04-01 2024-03-31 09693164 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09693164 c:FullAccounts 2023-04-01 2024-03-31 09693164 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09693164 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09693164









KELCO HEATING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
KELCO HEATING LIMITED
REGISTERED NUMBER: 09693164

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
119

  
-
119

Current assets
  

Stocks
  
1,185
3,160

Debtors: amounts falling due within one year
 5 
12,344
19,399

Cash at bank and in hand
  
49,750
52,013

  
63,279
74,572

Creditors: amounts falling due within one year
 6 
(41,475)
(21,720)

Net current assets
  
 
 
21,804
 
 
52,852

Total assets less current liabilities
  
21,804
52,971

  

Net assets
  
21,804
52,971


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
21,704
52,871

  
21,804
52,971


Page 1

 
KELCO HEATING LIMITED
REGISTERED NUMBER: 09693164
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 December 2024.




G Kelly
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
KELCO HEATING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 09693164.  The Company's registered office is Sterling House, 71 Francis Road, Edgbaston, Birmingham, B16 8SP.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

The following principal accounting policies have been applied:

Page 3

 
KELCO HEATING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 4

 
KELCO HEATING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
KELCO HEATING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2024
2023
£
£

Wages and salaries
9,096
9,096

9,096
9,096


The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
480
11
491



At 31 March 2024

480
11
491



Depreciation


At 1 April 2023
361
11
372


Charge for the year on owned assets
119
-
119



At 31 March 2024

480
11
491



Net book value



At 31 March 2024
-
-
-



At 31 March 2023
119
-
119

Page 6

 
KELCO HEATING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
11,520
16,838

Prepayments and accrued income
824
2,561

12,344
19,399



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
830
453

Corporation tax
-
2,869

Other taxation and social security
111
1,684

Other creditors
40,534
16,714

41,475
21,720



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



50 (2023 - 50) Ordinary shares of £1.00 each
50
50
50 (2023 - 50) Ordinary 'A' shares of £1.00 each
50
50

100

100



8.Other financial commitments

At the balance sheet date the company had total commitments of £3,047 (2023 - £3,047).


9.


Related party transactions

As at the 31 March 2023 amounts were due to directors for loans received of £39,765 (2022 - £15,944).
Loans are interest free and repayable on demand.

 
Page 7