Company registration number 12306465 (England and Wales)
KELPIE (DEVON) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
KELPIE (DEVON) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
KELPIE (DEVON) LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2024
30 November 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
5,346
4,734
Current assets
Debtors
4
346,461
116,987
Cash at bank and in hand
227,317
258,272
573,778
375,259
Creditors: amounts falling due within one year
5
(204,207)
(63,576)
Net current assets
369,571
311,683
Net assets
374,917
316,417
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
374,817
316,317
Total equity
374,917
316,417

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

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 1 August 2025
Miss F Irvine
Director
Company registration number 12306465 (England and Wales)
KELPIE (DEVON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 2 -
1
Accounting policies
Company information

Kelpie (Devon) Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Summit, Woodwater Park, Pynes Hill, Exeter, United Kingdom, EX2 5WS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for services.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% per annum on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
KELPIE (DEVON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 3 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2023
6,489
Additions
1,809
At 30 November 2024
8,298
Depreciation and impairment
At 1 December 2023
1,755
Depreciation charged in the year
1,197
At 30 November 2024
2,952
Carrying amount
At 30 November 2024
5,346
At 30 November 2023
4,734
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
306,978
116,987
2024
2023
Amounts falling due after more than one year:
£
£
Other debtors
39,483
-
0
Total debtors
346,461
116,987
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
231
221
Taxation and social security
199,194
57,641
Other creditors
4,782
5,714
204,207
63,576
KELPIE (DEVON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 4 -
6
Directors' transactions

Advances or credits have been granted by the company to its director as follows:

Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
One director
2.25
36,987
178,284
3,261
(18,136)
200,396
36,987
178,284
3,261
(18,136)
200,396

The aforementioned advances and credits were unsecured and repayable on demand.

7
Participator transactions

Included within other debtors are total balances of £48,146 (2023: £80,000) relating to close family members that are also company participators. These loans were unsecured and repayable on demand. Interest was charged at a rate of 2.25% totalling £2,360.

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