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REGISTERED NUMBER: 06510845 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

KELLEY & LOWE LIMITED

KELLEY & LOWE LIMITED (REGISTERED NUMBER: 06510845)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KELLEY & LOWE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mrs B Kelley
S P Lowe





SECRETARY: S P Lowe





REGISTERED OFFICE: Gwynfa House
677 Princes Road
Dartford
Kent
DA2 6EF





REGISTERED NUMBER: 06510845 (England and Wales)





ACCOUNTANTS: Kelley & Lowe Limited
Gwynfa House
677 Princes Road
Dartford
Kent
DA2 6EF

KELLEY & LOWE LIMITED (REGISTERED NUMBER: 06510845)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 18,709 28,331
18,709 28,331

CURRENT ASSETS
Debtors 6 377,327 339,505
Cash at bank and in hand 114,038 225,183
491,365 564,688
CREDITORS
Amounts falling due within one year 7 248,966 359,202
NET CURRENT ASSETS 242,399 205,486
TOTAL ASSETS LESS CURRENT
LIABILITIES

261,108

233,817

PROVISIONS FOR LIABILITIES 4,420 6,720
NET ASSETS 256,688 227,097

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 256,488 226,897
SHAREHOLDERS' FUNDS 256,688 227,097

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

KELLEY & LOWE LIMITED (REGISTERED NUMBER: 06510845)

BALANCE SHEET - continued
31 MAY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:




Mrs B Kelley - Director



S P Lowe - Director


KELLEY & LOWE LIMITED (REGISTERED NUMBER: 06510845)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Kelley & Lowe 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.

Turnover
Turnover represents the value of services provided, excluding value added tax, recognised as the company obtains the right to consideration.

Goodwill
Goodwill represents the amounts paid in connection with the acquisition of businesses in 2008 and 2013. Amortisation has been provided to write off these amounts over their estimated useful lives of four and three years, respectively.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

KELLEY & LOWE LIMITED (REGISTERED NUMBER: 06510845)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 June 2023
and 31 May 2024 295,500
AMORTISATION
At 1 June 2023
and 31 May 2024 295,500
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 June 2023 2,183 74,343 76,526
Additions - 454 454
At 31 May 2024 2,183 74,797 76,980
DEPRECIATION
At 1 June 2023 727 47,468 48,195
Charge for year 436 9,640 10,076
At 31 May 2024 1,163 57,108 58,271
NET BOOK VALUE
At 31 May 2024 1,020 17,689 18,709
At 31 May 2023 1,456 26,875 28,331

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 349,905 302,656
Other debtors 27,422 36,849
377,327 339,505

KELLEY & LOWE LIMITED (REGISTERED NUMBER: 06510845)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 21,620 3,350
Taxation and social security 77,903 118,460
Other creditors 149,443 237,392
248,966 359,202