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Registered number: 01560227
Kelsi 65 Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
The Tax Department Ltd
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01560227
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 47,305 59,875
47,305 59,875
CURRENT ASSETS
Stocks 5 186,177 229,527
Debtors 6 800,934 739,524
Cash at bank and in hand 266,632 180,960
1,253,743 1,150,011
Creditors: Amounts Falling Due Within One Year 7 (873,973 ) (833,904 )
NET CURRENT ASSETS (LIABILITIES) 379,770 316,107
TOTAL ASSETS LESS CURRENT LIABILITIES 427,075 375,982
Creditors: Amounts Falling Due After More Than One Year 8 (25,324 ) (64,106 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,507 ) (10,979 )
NET ASSETS 390,244 300,897
CAPITAL AND RESERVES
Called up share capital 9 25,200 25,200
Profit and Loss Account 365,044 275,697
SHAREHOLDERS' FUNDS 390,244 300,897
Page 1
Page 2
For the year ending 31 March 2025 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 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Gary Phillimore
Director
08/08/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Kelsi 65 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01560227 . The registered office is 4 Felthambrook Industrial Estate, Feltham, Middlesex, TW13 7DU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 3 3
Sales, marketing and distribution 2 2
Manufacturing 13 11
18 16
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2024 412,764
Additions 3,198
As at 31 March 2025 415,962
Depreciation
As at 1 April 2024 352,889
Provided during the period 15,768
As at 31 March 2025 368,657
Net Book Value
As at 31 March 2025 47,305
As at 1 April 2024 59,875
5. Stocks
2025 2024
£ £
Finished goods 186,177 229,527
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 800,934 739,524
Page 4
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 647,922 550,472
Bank loans and overdrafts 44,644 40,000
Other loans 23,193 -
Corporation tax 36,787 71,041
Other taxes and social security 33,564 25,892
VAT 34,187 78,379
Accruals and deferred income 28,295 33,000
Directors' loan accounts 25,381 35,120
873,973 833,904
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 25,324 64,106
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 25,200 25,200
Page 5