REGISTERED NUMBER: 12292619 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Kelo Engineering Ltd

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Director:

Mr. M Kemp

Registered office:

6 George Street

Driffield

East Yorkshire

YO25 6RA

Registered number:

12292619 (England and Wales)

Accountants:

Ullyott Limited

6 George Street

Driffield

East Yorkshire

YO25 6RA

FIXED ASSETS

Intangible assets

4

4,167

5,167

Tangible assets

5

38,777

21,522

42,944

26,689

CURRENT ASSETS

Stocks

6

1,000

1,000

Debtors

7

1,453

7,019

Cash at bank

34,935

23,471

37,388

31,490

CREDITORS

Amounts falling due within one year

8

46,832

42,762

NET CURRENT LIABILITIES

(9,444

)

(11,272

)

TOTAL ASSETS LESS CURRENT LIABILITIES

33,500

15,417

CREDITORS

Amounts falling due after more than one year

9

(26,024

)

(11,200

)

PROVISIONS FOR LIABILITIES

(7,367

)

(4,089

)

NET ASSETS

109

128

CAPITAL AND RESERVES

Called up share capital

10

101

101

Retained earnings

8

27

SHAREHOLDERS' FUNDS

109

128

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 January 2026 and were signed by:

Mr. M Kemp - Director

1.	STATUTORY INFORMATION

Kelo Engineering Ltd 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.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

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

TURNOVER

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

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

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 Statement of Income and Retained Earnings, 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 balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

10,000

AMORTISATION

At 1 November 2024

4,833

Amortisation for year

1,000

At 31 October 2025

5,833

NET BOOK VALUE

At 31 October 2025

4,167

At 31 October 2024

5,167

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 November 2024

22,944

666

13,902

37,512

Additions

22,500

-

-

22,500

At 31 October 2025

45,444

666

13,902

60,012

DEPRECIATION

At 1 November 2024

5,473

448

10,069

15,990

Charge for year

4,244

43

958

5,245

At 31 October 2025

9,717

491

11,027

21,235

NET BOOK VALUE

At 31 October 2025

35,727

175

2,875

38,777

At 31 October 2024

17,471

218

3,833

21,522

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 November 2024

14,000

Additions

22,500

At 31 October 2025

36,500

DEPRECIATION

At 1 November 2024

467

Charge for year

3,456

At 31 October 2025

3,923

NET BOOK VALUE

At 31 October 2025

32,577

At 31 October 2024

13,533

6.

STOCKS

2025

2024

£

£

Stocks

1,000

1,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

922

5,339

Other debtors

325

1,680

Directors' current accounts

206

-

1,453

7,019

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

7,301

5,600

Trade creditors

20,938

12,021

Corporation tax

14,571

7,547

VAT

2,447

914

Other creditors

-

9,909

Directors' current accounts

-

4,003

Accruals and deferred income

1,575

2,768

46,832

42,762

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

26,024

11,200

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary Shares

£1

100

100

1

A Ordinary

£1

1

1

101

101