I J KELLAM LIMITED - Filleted accounts

Registered number

07777109

I J KELLAM LIMITED

Filleted Accounts

31 March 2026

I J KELLAM LIMITED
Registered number:		07777109
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		520,000			520,000
Tangible assets	4		86,115			26,483
			606,115			546,483

Current assets
Stocks		7,500			12,500
Debtors	5	262,917			180,738
Cash at bank and in hand		93,917			23,991
		364,334			217,229

Creditors: amounts falling due within one year	6	(156,929)			(145,450)

Net current assets			207,405			71,779

Total assets less current liabilities			813,520			618,262

Creditors: amounts falling due after more than one year	7		(151,669)			(65,982)

Provisions for liabilities			(19,817)			(6,622)


Net assets			642,034			545,658

Capital and reserves
Called up share capital			99			99
Profit and loss account			641,935			545,559

Shareholder's funds			642,034			545,658

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 and delivered 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.




Yahya Aziz Patel
Director
Approved by the board on 22 May 2026

I J KELLAM LIMITED
Notes to the Accounts
for the year ended 31 March 2026


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 (as applied to small entities by section 1A of the standard).

	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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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:

	Leasehold land and buildings	over the lease term
	Plant and machinery	20% Reducing Balance
	Fixtures, fittings, tools and equipment	20% Reducing Balance

	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. 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.

	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.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			11		10


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 April 2025					520,000
	At 31 March 2026					520,000

	Amortisation
	At 31 March 2026					-

	Net book value
	At 31 March 2026					520,000
	At 31 March 2025					520,000

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Leasehold improvements		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2025	-		98,527		98,527
	Additions	7,614		72,594		80,208
	At 31 March 2026	7,614		171,121		178,735

	Depreciation
	At 1 April 2025	-		72,044		72,044
	Charge for the year	761		19,815		20,576
	At 31 March 2026	761		91,859		92,620

	Net book value
	At 31 March 2026	6,853		79,262		86,115
	At 31 March 2025	-		26,483		26,483


5	Debtors			2026		2025
£					£

	Trade debtors			84,550		67,108
	Other debtors			178,367		113,630
				262,917		180,738


6	Creditors: amounts falling due within one year			2026		2025
£					£

	Obligations under finance lease and hire purchase contracts			15,767		-
	Trade creditors			121,579		110,329
	Taxation and social security costs			19,412		34,950
	Other creditors			171		171
				156,929		145,450


7	Creditors: amounts falling due after one year			2026		2025
£					£

	Obligations under finance lease and hire purchase contracts			34,518		-
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			117,151		65,982
				151,669		65,982


8	Related party transactions

	Other debtors includes loans to related parties of £175,462 (2025:£111,630). The companies are related by virtue of common shareholders. The loans are non interest bearing.


9	Controlling party

	The company is under the control of its Directors.


10	Other information

	I J KELLAM LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	The Martinwells Centre Thompson Avenue
	Edlington
	South Yorkshire
	DN12 1JD