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Kelvik Welding Ltd
 
 
Company Registration Number
04503337
 
 
Report of the Directors and
Unaudited Financial Statements
 
 
Period of accounts
 
Start date 01/09/2023
 
End date 31/08/2024
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 1
Kelvik Welding Ltd
 
Contents of the Financial Statements
for the Period Ended 31 August 2024
 
 
Page
Company Information 3
 
Report of the Directors 4
 
Report of the Accountants 5
 
Profit and Loss Account 6
 
Balance Sheet 7 - 8
 
Notes to the Financial Statements 9 - 13
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 2
Kelvik Welding Ltd
Company Information
for the Period Ended 31 August 2024
 
Directors Victor Razzell
 
Company secretary Wendy Razzell
 
Registered office 24 Downsview
Chatham
Kent
ME5 0AP
 
Company Registration Number 04503337
 
Accountants Name B R Pusser & Co Ltd
Address 24 Downsview
Chatham
Kent
ME5 0AP
 
Bankers Name Barclays
Address Leicester
LE99 2BB
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 3
Kelvik Welding Ltd
Directors Report
for the Period Ended 31 August 2024
The directors present their report with the financial statements of the company for the
period ended 31 August 2024
Principal activities
The principal activity of the company in the period under review was
Metal Fabrication
Directors
The director(s) shown below have held office during the whole of the period
Victor Razzell
Company policy on the employment of disabled persons
It is the companys policy to give employment to disabled persons wherever practicable.
Small Company Provisions
These accounts have been prepared in accordance with the provisions applicable to
companies subject to the small companies regime.
 
This report was approved by the board of directors on 2025-05-09
and signed on behalf of the board by
Name Victor Razzell
Status Director
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 4
Kelvik Welding Ltd
 
Accountants' Report
for the Period Ended 31 August 2024
 
Independent accountants' report
 
Report to the directors on the preparation of the unaudited statutory accounts of the company for theperiod ended 31 August 2024. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of the company for the period ended 31 August 2024 as set out on pages 3 to 15 which comprise of Profit and Loss Account, the Balance Sheet and the related notes from the companys accounting records and from information and explanations you have given us. This report is made solely to the Board of Directors of the company, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the
accounts of the company and state those matters that we have agreed to state to the Board of Directors
of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the company and its Board of Directors as a body for our
work or for this report.
 
It is your duty to ensure the company has kept adequate accounting records and to prepare statutory
accounts that give a true and fair view of the assets, liabilities, financial position and profit/(loss) of
the company. You consider the company is exempt from the statutory audit requirement for the
period.
We have not been instructed to carry out an audit of the financial statements. 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 financial
statements.
 
 
 
 
 
 
 
B R Pusser & Co Ltd
24 Downsview
Chatham
Kent
ME5 0AP
 
Date 2025-05-09
Page 5
Kelvik Welding Ltd
 
Profit and Loss Account
for the Period Ended 31 August 2024
2024 2,023
Notes £ £
 
Turnover 2 626,721 628,084
Cost of sales 426,150 399,122
______ ______
Gross Profit/(Loss) 200,571 228,962
 
Administrative expenses 15,756 15,199
______ ______
Operating costs 15,756 15,199
 
______ ______
Operating Profit/(Loss) 3 184,815 213,763
______ ______
Profit/(Loss) on ordinary activities before taxation 184,815 213,763
 
Tax on profit on ordinary activities 6 45,226 45,768
______ ______
Profit/(Loss) for the financial period after taxation 139,589 167,995
There were no recognised gains or losses other than the profit/(loss) shown attributable to the
shareholders for the period ended 31 August 2024
 
The notes form part of these financial statements
 
 
 
 
 
 
 
 
 
 
 
Page 6
Kelvik Welding Ltd
Balance Sheet
for the Period Ended 31 August 2024
Company registration number 04503337
2024 2,023
Notes £ £
Fixed assets
Tangible fixed assets 8 261,904 262,418
_______ _______
Total fixed assets 261,904 262,418
Current assets
Debtors 9 21,516 16,350
Cash at bank and in hand 161,333 122,857
_______ _______
Total current assets/(liabilities) 182,849 139,207
Creditors
Creditors - amounts falling
due within one year 10 75,453 76,207
_______ _______
Net current assets 107,396 63,000
_______ _______
Total assets less current liabilities 369,300 325,418
_______ _______
Creditors - amounts falling
due after more than one year 11 40,416 60,683
_______ _______
Long term creditors 40,416 60,683
______ ______
Net assets/(liabilities) 328,884 264,735
Capital and reserves
Called up share capital 12 1 1
Profit and loss account 13 328,883 264,734
______ ______
Total shareholders funds 328,884 264,735
 
 
 
 
 
 
 
 
Page 7
Kelvik Welding Ltd
 
Balance Sheet
for the Period Ended 31 August 2024
 
 
 
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
 
For the year ending 31 August 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
 
The financial statements were approved by the Board of Directors on 2025-05-09
 
SIGNED ON BEHALF OF THE BOARD BY
 
 
 
 
 
 
 
Name Victor Razzell
 
The notes form part of these financial statements
Average number of employees during period 4
 
 
 
 
 
 
 
 
 
Page 8
Kelvik Welding Ltd
Notes to the Financial Statements
for the Period Ended 31 August 2024
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
Turnover
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.Long-term and ongoing contracts turnover represents the value of work done including estimates of amounts not yet invoiced and is recognised by reference to the stage of completion.
Tangible fixed assets Depreciation
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 9
Kelvik Welding Ltd
Notes to the Financial Statements
for the Period Ended 31 August 2024
2. Turnover 2024 2,023
£ £
United Kingdom 626,721 628,084
______ ______
Total 626,721 628,084
3. Operating profit/(loss) 2024 2,023
Profit before tax as stated after charging the following £ £
Accountants and audit fees 3,000 3,000
4. Directors' remuneration 2024 2,023
£ £
Directors remuneration 12,000 12,000
Value of directors pension contributions
_____ _____
Total 12,000 12,000
The number of Directors accruing pension benefits was
5. Employees 2024 2,023
£ £
Wages and salaries 168,287 156,453
______ ______
Total staff costs 168,287 156,453
6. Taxation
The tax charge on the profit on ordinary activities 2024 2,023
for the period was as follows £ £
UK Corporation Tax net of reliefs 45,226 45,768
_____ _____
Tax on profit on ordinary activities 45,226 45,768
7. Dividends 2024 2,023
£ £
Dividend on ordinary shares paid in period 75,440 93,600
 
 
 
 
 
 
 
 
 
 
 
 
Page 10
Kelvik Welding Ltd
Notes to the Financial Statements
for the Period Ended 31 August 2024
8. Tangible fixed assets
Land and Plant and Total
buildings machinery
Cost £ £ £
At 1 September 2023 320,875 430,655 751,530
______ ______ ______
At 31 August 2024 320,875 430,655 751,530
Depreciation
At 1 September 2023 61,312 427,800 489,112
Charge for year 514 514
_____ ______ ______
At 31 August 2024 61,312 428,314 489,626
Net book value
At 31 August 2024 259,563 2,341 261,904
At 31 August 2023 259,563 2,855 262,418
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 11
Kelvik Welding Ltd
Notes to the Financial Statements
for the Period Ended 31 August 2024
9. Debtors 2024 2,023
Trade debtors 21,516 16,350
_____ _____
Total 21,516 16,350
10. Creditors amounts falling due within one year 2024 2,023
Trade creditors 30,227 30,439
Corporation tax 45,226 45,768
_____ _____
Total 75,453 76,207
11. Creditors amounts falling due after more than one year 2024 2,023
Bank loans 40,416 60,683
_____ _____
Total 40,416 60,683
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 12
Kelvik Welding Ltd
Notes to the Financial Statements
for the Period Ended 31 August 2024
12. Share capital 2024 2,023
Authorised type Par value £ £
Ordinary 1 1 1
_ _
Total 1 1
Allotted, called up and paid £ £
Ordinary 1 1
_ _
Total 1 1
13. Reserves/Retained profit
Retained profit reconciliation £
Reserves at 1 September 2023 264,734
Profit/(Loss) for year 139,589
Dividends paid 75,440
______
Retained Profit/(Loss) at 31 August 2024 328,883
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 13