Registered number
06338532
Kelkat Limited
Filleted Accounts
31 August 2024
Kelkat Limited
Registered number: 06338532
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 61,612 104,344
Current assets
Cash at bank and in hand 2 2
Creditors: amounts falling due within one year 4 (7,955) (25,926)
Net current liabilities (7,953) (25,924)
Total assets less current liabilities 53,659 78,420
Creditors: amounts falling due after more than one year 5 (2,717) (412)
Net assets 50,942 78,008
Capital and reserves
Called up share capital 2 2
Profit and loss account 50,940 78,006
Shareholders' funds 50,942 78,008
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Allen
Director
Approved by the board on 31 January 2025
Kelkat Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Investments
Investment in group undertaking Other
investments
£
Cost
At 1 September 2023 104,344
Movement in the year (42,732)
At 31 August 2024 61,612
Name of Undertaking and business Holding Year End
Mr & Mrs Allen and Kelkat Limited 5% 31 March
The group undertaking is established and trades within the UK.
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 6,742 12,621
Other creditors 1,213 13,305
7,955 25,926
5 Creditors: amounts falling due after one year 2024 2023
£ £
Directors loan account 2,717 412
6 Related party transactions
During the year the company was controlled by its directors.
The company received a profit share of £12,360 (2023: £22,560) from the partnership in which it is a corporate partner.
7 Other information
Kelkat Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Mill
Kingsteignton Road
Newton Abbot
Devon
TQ12 2QA
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