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REGISTERED NUMBER: 04686941 (England and Wales)















KELVIN FRANCIS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025






KELVIN FRANCIS LTD (REGISTERED NUMBER: 04686941)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KELVIN FRANCIS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2025







DIRECTORS: A S Filice
K L Francis





SECRETARY: K L Francis





REGISTERED OFFICE: 362 Cyncoed Road
Cyncoed
Cardiff
South Glamorgan
CF23 6SA





REGISTERED NUMBER: 04686941 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

KELVIN FRANCIS LTD (REGISTERED NUMBER: 04686941)

BALANCE SHEET
31ST MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 20,802 27,737
20,802 27,737

CURRENT ASSETS
Debtors 6 160,185 152,002
Cash at bank and in hand 77 19
160,262 152,021
CREDITORS
Amounts falling due within one year 7 326,870 292,734
NET CURRENT LIABILITIES (166,608 ) (140,713 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(145,806

)

(112,976

)

CREDITORS
Amounts falling due after more than one
year

8

5,968

31,616
NET LIABILITIES (151,774 ) (144,592 )

KELVIN FRANCIS LTD (REGISTERED NUMBER: 04686941)

BALANCE SHEET - continued
31ST MARCH 2025

2025 2024
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 103 103
Retained earnings (151,877 ) (144,695 )
SHAREHOLDERS' FUNDS (151,774 ) (144,592 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th June 2025 and were signed on its behalf by:




K L Francis - Director



A S Filice - Director


KELVIN FRANCIS LTD (REGISTERED NUMBER: 04686941)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025

1. STATUTORY INFORMATION

Kelvin Francis Ltd 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 as modified by the revaluation of certain assets.

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

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 - Straight line over 15 years
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
Investments in shares are included at fair value through profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.


KELVIN FRANCIS LTD (REGISTERED NUMBER: 04686941)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

2. ACCOUNTING POLICIES - continued
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.

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 15 (2024 - 15 ) .

KELVIN FRANCIS LTD (REGISTERED NUMBER: 04686941)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2024
and 31st March 2025 250,000
AMORTISATION
At 1st April 2024
and 31st March 2025 250,000
NET BOOK VALUE
At 31st March 2025 -
At 31st March 2024 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1st April 2024
and 31st March 2025 30,609 76,582 29,454 136,645
DEPRECIATION
At 1st April 2024 30,609 49,329 28,970 108,908
Charge for year - 6,814 121 6,935
At 31st March 2025 30,609 56,143 29,091 115,843
NET BOOK VALUE
At 31st March 2025 - 20,439 363 20,802
At 31st March 2024 - 27,253 484 27,737

KELVIN FRANCIS LTD (REGISTERED NUMBER: 04686941)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures
and
fittings
£   
COST
At 1st April 2024
and 31st March 2025 38,550
DEPRECIATION
At 1st April 2024 18,673
Charge for year 4,970
At 31st March 2025 23,643
NET BOOK VALUE
At 31st March 2025 14,907
At 31st March 2024 19,877

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 35,497 32,874
Loan to Kelvin Francis & Co 44,760 36,986
Directors' current accounts 60,522 60,522
Prepayments 19,406 21,620
160,185 152,002

KELVIN FRANCIS LTD (REGISTERED NUMBER: 04686941)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 9,413 39,218
Other loans - 47,467
Hire purchase contracts 9,286 8,092
Trade creditors 12,233 22,621
Credit card 622 -
Corporation Tax 2,615 (9 )
Social security and other taxes 894 5,936
VAT 20,157 17,556
Other creditors 288 10,085
Directors' current accounts 263,356 130,074
Accrued expenses 8,006 11,694
326,870 292,734

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2025 2024
£    £   
Other loans - 1-2 years - 16,362
Hire purchase contracts 5,968 15,254
5,968 31,616

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
3 Ordinary A £1 3 3
100 Ordinary B £1 100 100
103 103

KELVIN FRANCIS LTD (REGISTERED NUMBER: 04686941)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

10. RELATED PARTY DISCLOSURES

As at 31 March 2025 the director loan account balances were:

A Filice £60,521 overdrawn (2024 - £60,521 overdrawn)
K L Francis £263,356 in credit (2024 - £130,074 in credit)

Kelvin Francis Ltd was owed £44,760 (2024 - £36,986) by Kelvin Francis and Co, a business also owned and controlled by the directors

A personal guarantee has been issued by both directors to secure the liabilities of Kelvin Francis Ltd to the sum of £60,000.