Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-302true2true2023-10-01No description of principal activitytrue 07818532 2023-10-01 2024-09-30 07818532 2022-10-01 2023-09-30 07818532 2024-09-30 07818532 2023-09-30 07818532 c:Director1 2023-10-01 2024-09-30 07818532 d:CurrentFinancialInstruments 2024-09-30 07818532 d:CurrentFinancialInstruments 2023-09-30 07818532 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 07818532 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 07818532 d:ShareCapital 2024-09-30 07818532 d:ShareCapital 2023-09-30 07818532 d:RetainedEarningsAccumulatedLosses 2024-09-30 07818532 d:RetainedEarningsAccumulatedLosses 2023-09-30 07818532 c:OrdinaryShareClass1 2023-10-01 2024-09-30 07818532 c:OrdinaryShareClass1 2024-09-30 07818532 c:OrdinaryShareClass1 2023-09-30 07818532 c:EntityHasNeverTraded 2023-10-01 2024-09-30 07818532 c:FRS102 2023-10-01 2024-09-30 07818532 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 07818532 c:FullAccounts 2023-10-01 2024-09-30 07818532 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07818532









KELSON CONTRACTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
KELSON CONTRACTS LIMITED
REGISTERED NUMBER: 07818532

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 3 
12
12

Cash at bank and in hand
  
79
79

  
91
91

Creditors: amounts falling due within one year
 4 
(10,108)
(10,108)

Net current liabilities
  
 
 
(10,017)
 
 
(10,017)

Total assets less current liabilities
  
(10,017)
(10,017)

  

Net liabilities
  
(10,017)
(10,017)


Capital and reserves
  

Called up share capital 
 5 
2
2

Profit and loss account
  
(10,019)
(10,019)

  
(10,017)
(10,017)


Page 1

 
KELSON CONTRACTS LIMITED
REGISTERED NUMBER: 07818532
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

For the year ended 30 September 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 directors acknowledge their 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 17 February 2025.




Gerard Kelly
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
KELSON CONTRACTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 07818532.  The Company's registered office is Sterling House, 71 Francis Road, Edgbaston, Birmingham, United Kingdom, B16 8SP.
The company was dormant for the year covered in these financial statements.
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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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.

 
2.2

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.

 
2.3

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.

 
2.4

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Page 3

 
KELSON CONTRACTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.4
Financial instruments (continued)

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Debtors

2024
2023
£
£


Other debtors
12
12

12
12


Page 4

 
KELSON CONTRACTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
10,108
10,108

10,108
10,108



5.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2



6.


Related party transactions

Included within other creditors is a loan from the directors of the company amounting to £10,108 (2023 - £10,108).

Page 5