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REGISTERED NUMBER: 09663987 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Celkom Limited

Celkom Limited (Registered number: 09663987)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Celkom Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr L Komarnicki
Mrs C Komarnicka





SECRETARY: Mrs C Komarnicka





REGISTERED OFFICE: Unit 8
Brockett Industrial Estate
Acaster Malbis
York
North Yorkshire
YO23 2PT





REGISTERED NUMBER: 09663987 (England and Wales)





ACCOUNTANTS: The Sanders Partnership
Chartered Accountants
19 King Street
The Civic Quarter
Wakefield
West Yorkshire
WF1 2SQ

Celkom Limited (Registered number: 09663987)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 982,936 748,455
Investments 6 10,122 10,000
993,058 758,455

CURRENT ASSETS
Debtors 7 937,967 714,756
Cash at bank 12,322 26,437
950,289 741,193
CREDITORS
Amounts falling due within one year 8 1,269,398 855,341
NET CURRENT LIABILITIES (319,109 ) (114,148 )
TOTAL ASSETS LESS CURRENT LIABILITIES 673,949 644,307

CREDITORS
Amounts falling due after more than one year 9 (272,160 ) (289,385 )

PROVISIONS FOR LIABILITIES (188,805 ) (144,071 )
NET ASSETS 212,984 210,851

CAPITAL AND RESERVES
Called up share capital 122 122
Retained earnings 212,862 210,729
212,984 210,851

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

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

Celkom Limited (Registered number: 09663987)

Balance Sheet - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by:




Mr L Komarnicki - Director



Mrs C Komarnicka - Director


Celkom Limited (Registered number: 09663987)

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

1. STATUTORY INFORMATION

Celkom 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - at varying rates on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 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.

Celkom Limited (Registered number: 09663987)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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.

Provisions
Provisions are only set up where it is probable that a present obligation exists as a result of an event prior to the balance sheet and that a payment will be required in settlement that can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 10,000
AMORTISATION
At 1 August 2023
and 31 July 2024 10,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

Celkom Limited (Registered number: 09663987)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 August 2023 15,831 11,736 16,097
Additions - 29,900 -
Disposals - - -
At 31 July 2024 15,831 41,636 16,097
DEPRECIATION
At 1 August 2023 10,044 4,214 4,293
Charge for year 2,533 1,787 1,609
Eliminated on disposal - - -
At 31 July 2024 12,577 6,001 5,902
NET BOOK VALUE
At 31 July 2024 3,254 35,635 10,195
At 31 July 2023 5,787 7,522 11,804

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 1,127,008 2,307 1,172,979
Additions 560,411 1,419 591,730
Disposals (195,535 ) - (195,535 )
At 31 July 2024 1,491,884 3,726 1,569,174
DEPRECIATION
At 1 August 2023 404,598 1,375 424,524
Charge for year 220,364 730 227,023
Eliminated on disposal (65,309 ) - (65,309 )
At 31 July 2024 559,653 2,105 586,238
NET BOOK VALUE
At 31 July 2024 932,231 1,621 982,936
At 31 July 2023 722,410 932 748,455

Celkom Limited (Registered number: 09663987)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2023 - 699,525 699,525
Additions 25,000 429,745 454,745
Disposals - (167,990 ) (167,990 )
Transfer to ownership - (47,000 ) (47,000 )
At 31 July 2024 25,000 914,280 939,280
DEPRECIATION
At 1 August 2023 - 167,775 167,775
Charge for year 417 159,339 159,756
Eliminated on disposal - (47,330 ) (47,330 )
Transfer to ownership - (31,303 ) (31,303 )
At 31 July 2024 417 248,481 248,898
NET BOOK VALUE
At 31 July 2024 24,583 665,799 690,382
At 31 July 2023 - 531,750 531,750

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 August 2023 - 10,000 10,000
Additions 122 - 122
At 31 July 2024 122 10,000 10,122
NET BOOK VALUE
At 31 July 2024 122 10,000 10,122
At 31 July 2023 - 10,000 10,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 891,620 679,633
Amounts owed by group undertakings 2,378 -
Other debtors 5,455 7,782
Directors' current accounts - 2,465
Prepayments 38,514 24,876
937,967 714,756

Celkom Limited (Registered number: 09663987)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 423,398 295,674
Hire purchase contracts 282,705 180,700
Trade creditors 348,949 234,988
Taxation and social security 132,780 100,170
Other creditors 81,566 43,809
1,269,398 855,341

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 8,333 18,333
Hire purchase contracts 263,827 271,052
272,160 289,385

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 546,532 451,752
Bank loan 392,369 270,931
938,901 722,683

The hire purchase contract debt is secured against the asset to which it relates.

The bank loan debt is secured by the way of an all asset debenture and by a personal guarantee limited to £50,000 by the director Mr L Komarnicki.

11. OTHER FINANCIAL COMMITMENTS

At 31st July 2024 the company had financial commitments not provided for the financial statements totalling £nil (2023: £14,000).

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Mrs C Komarnicka
Balance outstanding at start of year 2,465 -
Amounts advanced - 24,951
Amounts repaid (2,465 ) (22,486 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,465

Celkom Limited (Registered number: 09663987)

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

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr L Komarnicki
Balance outstanding at start of year - -
Amounts advanced - 31,543
Amounts repaid - (31,543 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loan is repayable on demand and interest of 2.25% has been charged on the loan (2023: 2.25%).

13. RELATED PARTY DISCLOSURES

Included within debtors is a loan of £2,378 (2023: £nil) made to the subsidiary company Celkom Warehousing Ltd. No interest is
charged on this loan and it is repayable on demand.

14. POST BALANCE SHEET EVENTS

On 1st October 2024 Celkom Limited signed a guarantee on behalf of a subsidiary company, Celkom Warehousing Limited, in relation to a lease agreement for a warehouse at Acaster Airfield for £17,060 per month plus VAT for 10 years to 30 September 2034. This is subject to a rent review in October 2029.