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REGISTERED NUMBER: 01498292 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

KALESTEAD LIMITED

KALESTEAD LIMITED (REGISTERED NUMBER: 01498292)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KALESTEAD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: T E Hewitt
J P Hewitt
L J Hewitt





SECRETARY: J P Hewitt





REGISTERED OFFICE: Network House
300 - 302 Cressing Road
Braintree
Essex
CM7 3PG





REGISTERED NUMBER: 01498292 (England and Wales)





ACCOUNTANTS: THP Limited
Chartered Accountants
34-40 High Street
Wanstead
London
E11 2RJ

KALESTEAD LIMITED (REGISTERED NUMBER: 01498292)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,692 51,604

CURRENT ASSETS
Stocks 235,057 210,731
Debtors 5 1,019,762 890,393
Cash at bank and in hand 181,474 234,637
1,436,293 1,335,761
CREDITORS
Amounts falling due within one year 6 338,017 320,285
NET CURRENT ASSETS 1,098,276 1,015,476
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,138,968

1,067,080

CREDITORS
Amounts falling due after more than one
year

7

(16,369

)

(19,328

)

PROVISIONS FOR LIABILITIES 10 (2,832 ) (4,751 )
NET ASSETS 1,119,767 1,043,001

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Capital redemption reserve 50 50
Retained earnings 1,118,717 1,041,951
1,119,767 1,043,001

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





L J Hewitt - Director


KALESTEAD LIMITED (REGISTERED NUMBER: 01498292)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Kalestead 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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods and services supplied, net of returns, discounts and value added taxes.

Revenue relating to the sale of cable and lead is recognised when goods are delivered to the customer, such that the risks and rewards of ownership have passed to them.

Revenue relating to the children's nursery day care is recognised in the accounting period in which the services were rendered.

Rental income is recognised in the accounting period in which rents are receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell, after making due allowance for impairment of obsolete or slow moving items.

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.

KALESTEAD LIMITED (REGISTERED NUMBER: 01498292)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 53 (2023 - 53 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 451,722 77,817 91,664 83,490 704,693
Additions - - 2,800 - 2,800
At 30 June 2024 451,722 77,817 94,464 83,490 707,493
DEPRECIATION
At 1 July 2023 438,002 74,631 56,966 83,490 653,089
Charge for year 2,059 636 11,017 - 13,712
At 30 June 2024 440,061 75,267 67,983 83,490 666,801
NET BOOK VALUE
At 30 June 2024 11,661 2,550 26,481 - 40,692
At 30 June 2023 13,720 3,186 34,698 - 51,604

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2023 59,995
Transfer to ownership (29,995 )
At 30 June 2024 30,000
DEPRECIATION
At 1 July 2023 29,903
Charge for year 7,500
Transfer to ownership (22,403 )
At 30 June 2024 15,000
NET BOOK VALUE
At 30 June 2024 15,000
At 30 June 2023 30,092

KALESTEAD LIMITED (REGISTERED NUMBER: 01498292)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 501,701 449,577
Amounts owed by group undertakings 509,151 438,181
Other debtors 8,910 2,635
1,019,762 890,393

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 368 559
Hire purchase contracts (see note 8) 2,959 4,210
Trade creditors 176,514 166,826
Taxation and social security 132,080 121,987
Other creditors 26,096 26,703
338,017 320,285

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 16,369 19,328

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 2,959 4,210
Between one and five years 16,369 19,328
19,328 23,538

Non-cancellable operating leases
2024 2023
£    £   
Within one year 172,520 153,886
Between one and five years 26,543 -
199,063 153,886

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 19,328 23,538

The hire purchase contracts are secured against the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 2,832 4,751

KALESTEAD LIMITED (REGISTERED NUMBER: 01498292)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2023 4,751
Credit to Income Statement during year (1,919 )
Balance at 30 June 2024 2,832

11. RELATED PARTY DISCLOSURES

The company was owed £213,308 (2023: £138,615) from a company, with a director in common. The loan was interest free and receivable on demand.

The company receives a management charge of £66,341 (2023: £68,141) from a company, with a director in common.

The company was owed £295,843 (2023: £299,566) from it's parent company. The loan was interest free and receivable on demand.

The company pays a rent of £147,000 (2023: £147,000) to it's parent company.

12. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Kalestead Holdings Limited, whose registered office is the same as the company's registered office.