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Registration number: 06426225

Careful Kelly Removals Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Careful Kelly Removals Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Careful Kelly Removals Limited

Company Information

Directors

Mr P Kelly

Mrs H Kelly

Registered office

Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

 

Careful Kelly Removals Limited

(Registration number: 06426225)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

156,088

165,227

Current assets

 

Debtors

5

-

1,579

Creditors: Amounts falling due within one year

6

(110,006)

(126,073)

Net current liabilities

 

(110,006)

(124,494)

Total assets less current liabilities

 

46,082

40,733

Creditors: Amounts falling due after more than one year

6

(33,962)

(52,130)

Net assets/(liabilities)

 

12,120

(11,397)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

12,020

(11,497)

Shareholders' funds/(deficit)

 

12,120

(11,397)

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 February 2025 and signed on its behalf by:
 

.........................................
Mr P Kelly
Director

 

Careful Kelly Removals Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD
England

These financial statements were authorised for issue by the Board on 7 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

Careful Kelly Removals Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

25% Straight Line Basis

Land and buildings

5% Straight Line Basis

Furniture, fittings and equipment

20% Straight Line Basis

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Careful Kelly Removals Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2022

140,871

26,483

60,500

227,854

Additions

13,900

-

-

13,900

At 30 November 2023

154,771

26,483

60,500

241,754

Depreciation

At 1 December 2022

15,734

8,754

38,139

62,627

Charge for the year

7,317

5,297

10,425

23,039

At 30 November 2023

23,051

14,051

48,564

85,666

Carrying amount

At 30 November 2023

131,720

12,432

11,936

156,088

At 30 November 2022

125,137

17,729

22,361

165,227

Included within the net book value of land and buildings above is £131,720 (2022 - £125,137) in respect of short leasehold land and buildings.
 

5

Debtors

Current

2023
£

2022
£

Other debtors

-

1,579

 

-

1,579

 

Careful Kelly Removals Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

68,281

61,622

Trade creditors

 

1,785

7,548

Taxation and social security

 

9,582

-

Accruals and deferred income

 

2,233

506

Other creditors

 

28,125

56,397

 

110,006

126,073

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

33,962

52,130

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

29,557

35,686

Hire purchase contracts

4,405

16,444

33,962

52,130

2023
£

2022
£

Current loans and borrowings

Bank borrowings

6,129

5,978

Bank overdrafts

19,529

17,566

Hire purchase contracts

12,038

11,459

Other borrowings

30,585

26,619

68,281

61,622