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Registration number: 10460884

Kelston Actuation Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

Kelston Actuation Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Kelston Actuation Limited

Company Information

Director

D Sell

Registered office

Unit 2 Unicorn Business Park
Whitby Road
Brislington
Bristol
BS4 4EX

Accountants

Burton Sweet Limited
Chartered Accountants and Business Advisers
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

 

Kelston Actuation Limited

(Registration number: 10460884)
Balance Sheet
30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

448,513

531,020

Current assets

 

Stocks

5

948,050

940,495

Debtors

6

306,707

771,414

Cash at bank and in hand

 

732,157

692,496

 

1,986,914

2,404,405

Creditors: Amounts falling due within one year

7

(274,844)

(672,947)

Net current assets

 

1,712,070

1,731,458

Total assets less current liabilities

 

2,160,583

2,262,478

Creditors: Amounts falling due after more than one year

7

(56,667)

(96,667)

Provisions for liabilities

(112,128)

(100,894)

Net assets

 

1,991,788

2,064,917

Capital and reserves

 

Called up share capital

100

100

Share premium reserve

1,283,403

1,283,403

Retained earnings

708,285

781,414

Shareholders' funds

 

1,991,788

2,064,917

 

Kelston Actuation Limited

(Registration number: 10460884)
Balance Sheet
30 November 2024

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 July 2025
 

.........................................
D Sell
Director

 

Kelston Actuation Limited

Notes to the Unaudited Financial Statements
Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 2 Unicorn Business Park
Whitby Road
Brislington
Bristol
BS4 4EX

These financial statements were authorised for issue by the director on 18 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Kelston Actuation Limited

Notes to the Unaudited Financial Statements
Year Ended 30 November 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

Kelston Actuation Limited

Notes to the Unaudited Financial Statements
Year Ended 30 November 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

10% Straight Line

Fixtures and Fittings

10% Straight Line

Computer Equipment

33.3% Straight Line

Motor Vehilces & Bicycles

25% Straight Line

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

 

Kelston Actuation Limited

Notes to the Unaudited Financial Statements
Year Ended 30 November 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 18 (2023 - 18).

 

Kelston Actuation Limited

Notes to the Unaudited Financial Statements
Year Ended 30 November 2024

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles and bicycles
 £

Total
£

Cost or valuation

At 1 December 2023

49,651

750,124

57,511

68,722

926,008

Additions

-

21,143

1,442

-

22,585

Disposals

-

(231)

(134)

-

(365)

At 30 November 2024

49,651

771,036

58,819

68,722

948,228

Depreciation

At 1 December 2023

18,997

293,945

47,958

34,088

394,988

Charge for the year

4,966

76,198

6,912

16,910

104,986

Eliminated on disposal

-

(125)

(134)

-

(259)

At 30 November 2024

23,963

370,018

54,736

50,998

499,715

Carrying amount

At 30 November 2024

25,688

401,018

4,083

17,724

448,513

At 30 November 2023

30,654

456,179

9,553

34,634

531,020

 

Kelston Actuation Limited

Notes to the Unaudited Financial Statements
Year Ended 30 November 2024

5

Stocks

2024
£

2023
£

Raw materials and consumables

47,550

35,105

Work in progress

130,232

207,530

Finished goods and goods for resale

770,268

697,860

948,050

940,495

6

Debtors

2024
£

2023
£

Trade debtors

210,954

689,914

Prepayments

18,620

17,663

Other debtors

77,133

63,837

306,707

771,414

 

Kelston Actuation Limited

Notes to the Unaudited Financial Statements
Year Ended 30 November 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Loans and borrowings

40,000

40,000

Trade creditors

143,595

253,424

Amounts owed to group undertakings and undertakings in which the company has a participating interest

-

245,468

Taxation and social security

60,557

97,763

Accruals and deferred income

7,072

33,001

Other creditors

23,620

3,291

274,844

672,947

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Loans and borrowings

56,667

96,667