REGISTERED NUMBER: 00568587 (England and Wales)

Kellands Plant (SE) Limited

Audited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

F D Jeanes

T P Hill

T L E Miller

N J Smith

P V Watts

REGISTERED OFFICE:

Salmon Parade

BRIDGWATER

Somerset

TA6 5JY

REGISTERED NUMBER:

00568587 (England and Wales)

AUDITORS:

Maxwells

Chartered Accountants

and Statutory Auditor

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

National Westminster Bank plc

9 York Buildings

Cornhill

Bridgwater

Somerset

TA6 3BU

FIXED ASSETS

Tangible assets

5

3,854

5,781

CURRENT ASSETS

Stocks

277,744

1,041,752

Debtors

730,062

258,608

Cash at bank

20,055

14,443

1,027,861

1,314,803

CREDITORS

Amounts falling due within one year

968,603

1,254,310

NET CURRENT ASSETS

59,258

60,493

TOTAL ASSETS LESS CURRENT LIABILITIES

63,112

66,274

PROVISIONS FOR LIABILITIES

1,400

1,400

NET ASSETS

61,712

64,874

CAPITAL AND RESERVES

Called up share capital

4,880

4,880

Other reserves

48

48

Retained earnings

56,784

59,946

SHAREHOLDERS' FUNDS

61,712

64,874

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

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

F D Jeanes - Director

P V Watts - Director

1.	STATUTORY INFORMATION

Kellands Plant (SE) Limited 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared in accordance with applicable accounting standards and estimation techniques.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

9,635

DEPRECIATION

At 1 January 2024

3,854

Charge for year

1,927

At 31 December 2024

5,781

NET BOOK VALUE

At 31 December 2024

3,854

At 31 December 2023

5,781

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Stocking loans

643,282

901,879

Stocking loans are secured over the machines disclosed in stock at the year-end, and also include a number of machines sold in December 2024 which are due to be paid 20 days after the delivery date which are disclosed in turnover. These machines remain secured until payment is made.

Stocking loans are stated inclusive of VAT.

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Nigel Blannin (Senior Statutory Auditor)

for and on behalf of Maxwells

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Kellands Holdings Limited.

The parent company is incorporated in the UK.