K KELMAN LTD


Director	Dr Kirsty Kelman


Registered Address	Pfm Townends Llp Fulford Lodge
	1 Heslington Lane
	Fulford
	YO10 4HW


Registered Number	14317832 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,130		1,507
			1,130		1,507
Current assets
Debtors	4	22,055		8,331
Cash at bank and on hand		47,962		35,449
		70,017		43,780
Creditors amounts falling due within one year	5	(22,443)		(23,429)
Net current assets (liabilities)			47,574		20,351
Total assets less current liabilities			48,704		21,858
Provisions for liabilities	6		(283)		(377)
Net assets			48,421		21,481
Capital and reserves
Called up share capital			1		1
Profit and loss account			48,420		21,480
Shareholders' funds			48,421		21,481

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 22 October 2025, and are signed on its behalf by:

Dr Kirsty Kelman
Director
Registered Company No. 14317832

K KELMAN LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	These financial statements have been prepared in compliance with FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Basis of preparation
	The financial statements have been prepared on the historical cost basis.

	Functional and presentation currency
	The financial statements are presented in sterling, which is the functional currency of the entity.

	Going concern
	The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.

Going concern

The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine.  All these matters have impacted the company's trading results to a greater or lesser extent.  At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.

	Turnover policy
	The revenue shown in the profit and loss account represents income receivable from dental treatments carries out during the period. Revenue in respect of dental treatment uncompleted at the year end date us recognised by reference to the state of completion.

	Current taxation
	The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amount of tax expected to pay or recover using the tax rates and laws that have been enacted, or substantively enacted, at the reporting date.

Current taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amount of tax expected to pay or recover using the tax rates and laws that have been enacted, or substantively enacted, at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Deferred tax

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

	Tangible fixed assets and depreciation
	Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


		Reducing balance (%)
	Plant and machinery	25

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Plant & machinery	Total
	£	£
Cost or valuation
At 01 April 24	2,680	2,680
At 31 March 25	2,680	2,680
Depreciation and impairment
At 01 April 24	1,173	1,173
Charge for year	377	377
At 31 March 25	1,550	1,550
Net book value
At 31 March 25	1,130	1,130
At 31 March 24	1,507	1,507

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	10,767	7,057
Other debtors	9,884	-
Prepayments and accrued income	1,404	1,274
Total	22,055	8,331

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	19,675	17,671
Other creditors	-	4,258
Accrued liabilities and deferred income	2,768	1,500
Total	22,443	23,429

6.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	283	377
Total	283	377

7.	Related party transactions
	During the year there was a directors loan in place. At the year end the balance of the loan was in an overdrawn position of -£9,884 (2024: £4,258). Interest was charged on this loan on a monthly basis, at the UK market rate. The director has confirmed that £10,000 will be paid into the company bank account before 31 December 2025 and as such, the overdrawn balance will be settled within 9 months of the accounting period end.

Related party transactions

During the year there was a directors loan in place. At the year end the balance of the loan was in an overdrawn position of -£9,884 (2024: £4,258). Interest was charged on this loan on a monthly basis, at the UK market rate. 

The director has confirmed that £10,000 will be paid into the company bank account before 31 December 2025 and as such, the overdrawn balance will be settled within 9 months of the accounting period end.