Kelmec Ltd. - Filleted accounts

Kelmec Ltd.
Registered number:		08490877
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		230,121			306,321

Current assets
Stocks		488,337			480,015
Debtors	4	267,200			157,827
Cash at bank and in hand		11,738			59
		767,275			637,901

Creditors: amounts falling due within one year	5	(672,251)			(369,560)

#NAME?			95,024			268,341

Total assets less current liabilities			325,145			574,662

Creditors: amounts falling due after more than one year	6		(290,422)			(515,690)

Provisions for liabilities			(34,543)			(45,284)


#NAME?			180			13,688

Capital and reserves
Called up share capital			180			180
Profit and loss account			-			13,508

Shareholders' funds			180			13,688

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


Mark Killeen
Director
Approved by the board on 11 December 2025

Kelmec Ltd.
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor vehicles			25% - diminishing balance method
	Equipment			25% - diminishing balance method

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.


	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.





2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					13		13


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	125,185		70,508		278,399		474,092
	Additions	-		5,488		-		5,488
	Disposals	(22,819)		(22,444)		(15,829)		(61,092)
	At 31 March 2025	102,366		53,552		262,570		418,488

	Depreciation
	At 1 April 2024	-		46,130		121,641		167,771
	Charge for the year	-		6,363		36,222		42,585
	On disposals	-		(18,032)		(3,957)		(21,989)
	At 31 March 2025	-		34,461		153,906		188,367

	Net book value
	At 31 March 2025	102,366		19,091		108,664		230,121
	At 31 March 2024	125,185		24,378		156,758		306,321





4	Debtors					2025		2024
£							£

	Trade debtors					230,755		120,204
	Other debtors					36,445		37,623
						267,200		157,827


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					110,511		71,862
	Obligations under finance lease and hire purchase contracts					65,652		44,155
	Trade creditors					141,859		176,739
	Corporation tax					37,808		43,691
	Other taxes and social security costs					56,784		20,034
	Other creditors					259,637		13,079
						672,251		369,560


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					193,785		402,143
	Obligations under finance lease and hire purchase contracts					96,637		113,547
						290,422		515,690


7	Loans					2025		2024
£							£
	Creditors include:

	Secured bank loans					277,449		442,638

	North East Property LP holds a fixed and floating charge over all the companies assets, created on 30 June 2023..


8	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Stacey Killeen
	[Loan 1]	(276)		276				-

		(276)		276		-		-


9	Controlling party

	The company is controlled by Mr Mark Killeen by virtue of his holding 51% of the voting shares.


10	Other information

	Kelmec Ltd. is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 1B
	Chipchase Court
	Seaham Grange Industrial Estate
	Seaham
	SR7 0PP