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REGISTERED NUMBER: 04325210 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Kelvinair Limited

Kelvinair Limited (Registered number: 04325210)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Kelvinair Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: J G Halliday
D J Halliday





REGISTERED OFFICE: Sovereign Business Park
Butterley Street
Hunslet
Leeds
West Yorkshire
LS10 1AW





REGISTERED NUMBER: 04325210 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Kelvinair Limited (Registered number: 04325210)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 23,328 5,700

CURRENT ASSETS
Stocks 142,806 208,044
Debtors 6 854,038 1,281,620
Cash at bank 693 201,059
997,537 1,690,723
CREDITORS
Amounts falling due within one year 7 (425,316 ) (1,179,356 )
NET CURRENT ASSETS 572,221 511,367
TOTAL ASSETS LESS CURRENT
LIABILITIES

595,549

517,067

CREDITORS
Amounts falling due after more than one
year

8

(580,643

)

(594,927

)

PROVISIONS FOR LIABILITIES (5,832 ) (1,425 )
NET ASSETS/(LIABILITIES) 9,074 (79,285 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 8,074 (80,285 )
SHAREHOLDERS' FUNDS 9,074 (79,285 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Statement of Income and Retained Earnings has not been delivered.

Kelvinair Limited (Registered number: 04325210)

Statement of Financial Position - continued
31 December 2024



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:





J G Halliday - Director


Kelvinair Limited (Registered number: 04325210)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Kelvinair 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Kelvinair Limited (Registered number: 04325210)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 16 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2024 54,292 71,346 36,963
Additions - 22,440 -
Disposals - - -
At 31 December 2024 54,292 93,786 36,963
DEPRECIATION
At 1 January 2024 54,292 71,346 31,263
Charge for year - 3,164 1,648
Eliminated on disposal - - -
At 31 December 2024 54,292 74,510 32,911
NET BOOK VALUE
At 31 December 2024 - 19,276 4,052
At 31 December 2023 - - 5,700

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 102,254 76,515 341,370
Additions - - 22,440
Disposals (63,856 ) - (63,856 )
At 31 December 2024 38,398 76,515 299,954
DEPRECIATION
At 1 January 2024 102,254 76,515 335,670
Charge for year - - 4,812
Eliminated on disposal (63,856 ) - (63,856 )
At 31 December 2024 38,398 76,515 276,626
NET BOOK VALUE
At 31 December 2024 - - 23,328
At 31 December 2023 - - 5,700

Kelvinair Limited (Registered number: 04325210)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 807,735 1,068,663
Other debtors - 110,090
Prepayments 46,303 102,867
854,038 1,281,620

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 10,766 10,373
Trade creditors 346,053 1,049,897
Tax 26,991 18,660
Social security and other taxes 34,162 96,148
Accrued expenses 7,344 4,278
425,316 1,179,356

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans - 1-2 years 5,301 10,796
Bank loans - 2-5 years - 4,536
Other creditors 575,342 579,595
580,643 594,927

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Kelvinair Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kelvinair Limited for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Kelvinair Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kelvinair Limited and state those matters that we have agreed to state to the Board of Directors of Kelvinair Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kelvinair Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kelvinair Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kelvinair Limited. You consider that Kelvinair Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kelvinair Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


26 February 2025