IRIS Accounts Production v24.3.2.46 00606638 Board of Directors Board of Directors 1.10.23 30.9.24 30.9.24 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh006066382023-09-30006066382024-09-30006066382023-10-012024-09-30006066382022-09-30006066382022-10-012023-09-30006066382023-09-3000606638ns15:EnglandWales2023-10-012024-09-3000606638ns14:PoundSterling2023-10-012024-09-3000606638ns10:Director12023-10-012024-09-3000606638ns10:Director22023-10-012024-09-3000606638ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3000606638ns10:SmallEntities2023-10-012024-09-3000606638ns10:AuditExemptWithAccountantsReport2023-10-012024-09-3000606638ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3000606638ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3000606638ns10:FullAccounts2023-10-012024-09-3000606638ns10:Director32023-10-012024-09-3000606638ns10:Director42023-10-012024-09-3000606638ns10:RegisteredOffice2023-10-012024-09-3000606638ns5:CurrentFinancialInstruments2024-09-3000606638ns5:CurrentFinancialInstruments2023-09-3000606638ns5:ShareCapital2024-09-3000606638ns5:ShareCapital2023-09-3000606638ns5:SharePremium2024-09-3000606638ns5:SharePremium2023-09-3000606638ns5:RetainedEarningsAccumulatedLosses2024-09-3000606638ns5:RetainedEarningsAccumulatedLosses2023-09-3000606638ns5:MotorVehicles2023-09-3000606638ns5:MotorVehicles2023-10-012024-09-3000606638ns5:MotorVehicles2024-09-3000606638ns5:MotorVehicles2023-09-3000606638ns5:CostValuation2023-09-3000606638ns5:AdditionsToInvestments2024-09-3000606638ns5:CostValuation2024-09-3000606638ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3000606638ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3000606638ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-09-3000606638ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-09-3000606638ns5:WithinOneYear2024-09-3000606638ns5:WithinOneYear2023-09-3000606638ns5:BetweenOneFiveYears2024-09-3000606638ns5:BetweenOneFiveYears2023-09-3000606638ns5:AllPeriods2024-09-3000606638ns5:AllPeriods2023-09-30
REGISTERED NUMBER: 00606638 (England and Wales)








KELLY'S REMOVALS & TRANSPORT (GUILDFORD)
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






KELLY'S REMOVALS & TRANSPORT (GUILDFORD)
LIMITED (REGISTERED NUMBER: 00606638)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 10

KELLY'S REMOVALS & TRANSPORT (GUILDFORD)
LIMITED

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTORS: C M Bazen
P R Martin
H M R Martin
G Hutchinson





REGISTERED OFFICE: Slyfield Green Industrial Estate
Westfield Road
Guildford
Surrey
GU1 1SB





REGISTERED NUMBER: 00606638 (England and Wales)





ACCOUNTANTS: Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR

KELLY'S REMOVALS & TRANSPORT (GUILDFORD)
LIMITED (REGISTERED NUMBER: 00606638)

BALANCE SHEET
30 September 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 - 19,727
Investments 5 4,480,222 4,390,122
4,480,222 4,409,849

CURRENT ASSETS
Debtors 6 1,831,423 2,419,737
Investments 7 4,000 4,000
Cash at bank 28,441 166,969
1,863,864 2,590,706
CREDITORS
Amounts falling due within one year 8 (1,796,836 ) (985,335 )
NET CURRENT ASSETS 67,028 1,605,371
TOTAL ASSETS LESS CURRENT LIABILITIES 4,547,250 6,015,220

CAPITAL AND RESERVES
Called up share capital 2,311 2,311
Share premium 4,407,469 4,407,469
Retained earnings 137,470 1,605,440
4,547,250 6,015,220

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

KELLY'S REMOVALS & TRANSPORT (GUILDFORD)
LIMITED (REGISTERED NUMBER: 00606638)

BALANCE SHEET - continued
30 September 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 27 February 2025 and were signed on its behalf by:




P R Martin - Director



G Hutchinson - Director


KELLY'S REMOVALS & TRANSPORT (GUILDFORD)
LIMITED (REGISTERED NUMBER: 00606638)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024


1. STATUTORY INFORMATION

Kelly's Removals & Transport (Guildford) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Kellys Removal & Transport (Guildford) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover in the prior year represents the net invoiced to group companies in respect of charges incurred on their behalf. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Other income
Other operating income relates to dividends received from subsidiary companies and bank interest received on deposits.

Tangible fixed assets
Tangible assets are stated at cost less accumulated depreciation. Cost includes the original purchase price and costs directly attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Motor vehicles-25% on reducing balance

On disposal, the difference between net proceeds and the carrying amount of item sold is recognised in the profit and loss account and is included in administrative expenses.

Financial instruments
Financial instruments are classified by directors as basic or non-basic following the conditions on FRS102 Section 11. Basic financial instruments are initially measured at transaction price and subsequently recognised at amortised cost using the effective interest method. The company does not have any financial non-basic instruments.


KELLY'S REMOVALS & TRANSPORT (GUILDFORD)
LIMITED (REGISTERED NUMBER: 00606638)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


2. ACCOUNTING POLICIES - continued
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.

Investments in subsidiary companies and unlisted investments
Investments in subsidiary companies and unlisted investments are initially recorded at cost, being the fair value of the consideration given and including acquisition costs associated with the investment. The investments are reviewed for impairment on an annual basis and provision is made where there has been a permanent diminution in their value.

Operating leases
Rentals paid under operating leases are charged on a straight line basis over the life of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

KELLY'S REMOVALS & TRANSPORT (GUILDFORD)
LIMITED (REGISTERED NUMBER: 00606638)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


4. TANGIBLE FIXED ASSETS
Motor
vehicles
£
COST
At 1 October 2023 84,775
Disposals (84,775 )
At 30 September 2024 -
DEPRECIATION
At 1 October 2023 65,048
Charge for year 2,466
Eliminated on disposal (67,514 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 19,727

5. FIXED ASSET INVESTMENTS

2024 2023
£ £
Shares in group undertakings 4,480,222 4,390,122

Additional information is as follows:
Shares in
group
undertakings
£
COST
At 1 October 2023 4,390,122
Additions 90,100
At 30 September 2024 4,480,222
NET BOOK VALUE
At 30 September 2024 4,480,222
At 30 September 2023 4,390,122

Investments (neither listed nor unlisted) were as follows:
2024 2023
£ £
Other investments - 10,603
Eliminated on disposal - (10,603 )
- -

KELLY'S REMOVALS & TRANSPORT (GUILDFORD)
LIMITED (REGISTERED NUMBER: 00606638)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


5. FIXED ASSET INVESTMENTS - continued

During the year, a £90,100 investment was made into two new subsidiaries, Spaceways Storage Limited and George Lambert & Son Limited which have been included within shares in group undertakings. The brought forward balance represents the investment in Kelly's Storage Limited, Kellys Self Storage Limited and Kellys International Limited.

6. DEBTORS
2024 2023
£ £
Amounts falling due within one year:
Trade debtors 4,902 2,598
Amounts owed by group undertakings 930,822 1,529,891
Other debtors 92,249 83,798
1,027,973 1,616,287

Amounts falling due after more than one year:
Other debtors 803,450 803,450

Aggregate amounts 1,831,423 2,419,737

Included within other debtors within one year is a corporation tax asset of £Nil (2023: £29,224).

7. CURRENT ASSET INVESTMENTS
2024 2023
£ £
Unlisted investments 4,000 4,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 4,593 2,397
Amounts owed to group undertakings 1,762,856 794,772
Taxation and social security 4,729 -
Other creditors 24,658 188,166
1,796,836 985,335

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year - 9,642
Between one and five years - 52,894
- 62,536

KELLY'S REMOVALS & TRANSPORT (GUILDFORD)
LIMITED (REGISTERED NUMBER: 00606638)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


9. LEASING AGREEMENTS - continued

Rentals due in the prior year relate to a motor vehicle where the company held responsibility for the lease. The amounts paid were recharged under a separate informal agreement.

10. SECURED DEBTS

Barclays Bank PLC held a charge over the land at Slyfield Industrial Estate, Guildford and a fixed charge over all assets held by Kellys Removals & Transport Limited. A floating charge is also held over all assets not secured by the fixed charge together with a negative pledge. Following the sale of the land, Barclays still retain a charge over the land which is covered by the cross guarantee noted below.

There are also cross guarantees and debentures held by Barclays Bank between the entities in the table below. These relate to a debt owed by Henry Walter Martin Limited, a company owned and controlled by The Martin Family Trust of which P R Martin is a beneficiary.

- Kelly's Removals & Transport (Guildford) Limited - MB&H Limited
- Kelly's Storage Limited - Henry Walter Martin Limited
- Kellys Self Storage Limited

11. RELATED PARTY DISCLOSURES

Kelly's International Partnership
P R Martin and G J Hutchinson are partners.

Included within other debtors is a balance of £Nil owed by Kelly's International Partnership (2023: £16,000).

MB&H Limited
Included within amounts owed to group undertakings is a balance of £1,762,756 (2023: £794,772) owed to MB&H Limited, a company of which P R Martin is a shareholder and director.

Henry Walter Martin Limited
A company owned and controlled by The Martin Family Trust of which P R Martin is a beneficiary. Henry Walter Martin Limited (HWM) owed the company £823,916 (2023: £818,527) which is included within other debtors, £20,466 (2023: £15,071) is due within one year and £803,450 (2023: £803,450) is due in more than one year.

The amounts due in more than one year of £803,450, are the balance of loan notes issued to HWM following the sale of the property to in the year. These amounts are subordinated in favour of other loan notes in HWM and are not repayable until these loans have been repaid and as such are shown as a long term debtor. The loan notes attract interest at the Bank of England's base rate but the directors have waived this interest in the current year.

Kelly's SCCS Limited
Included within other debtors is a balance of £53,117 owed by Kelly's SCCS Limited, a company of which P R Martin and G J Hutchinson are shareholders and directors.

Movesecured Limited
Included within other creditors is a balance of £99 owed to Movesecured Limited, a company of which P R Martin is a shareholder and director.

Kelly's Removals & Transport (Guildford) Limited has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. This allowed for transactions with members of the group headed Kelly's Removals & Transport (Guildford) Limited not to be disclosed on the grounds that 100% of the voting rights in the company are controlled within the group.

KELLY'S REMOVALS & TRANSPORT (GUILDFORD)
LIMITED (REGISTERED NUMBER: 00606638)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P R Martin.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
KELLY'S REMOVALS & TRANSPORT (GUILDFORD)
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 Balance Sheet. 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 Kelly's Removals & Transport (Guildford) Limited for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Kelly's Removals & Transport (Guildford) 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 Kelly's Removals & Transport (Guildford) Limited and state those matters that we have agreed to state to the Board of Directors of Kelly's Removals & Transport (Guildford) 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 Kelly's Removals & Transport (Guildford) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kelly's Removals & Transport (Guildford) 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 Kelly's Removals & Transport (Guildford) Limited. You consider that Kelly's Removals & Transport (Guildford) 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 Kelly's Removals & Transport (Guildford) 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.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Director, who obtain access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.






Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR


27 February 2025