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Registration number: 05939587

Kelling Designs Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 August 2025

Kelling Designs Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 10

Kelling Designs Limited

(Registration number: 05939587)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 114,660 | 116,116
Other financial assets | 5 | 205,128 | 273,893
|  | 319,788 | 390,009
Current assets |  |  |
Stocks | 6 | 162,339 | 125,808
Debtors | 7 | 270,424 | 298,974
Investments | 8 | 49,537 | 33,424
Cash at bank and in hand |  | 9,716 | 18,651
|  | 492,016 | 476,857
Creditors: Amounts falling due within one year | 9 | (144,833) | (154,728)
Net current assets |  | 347,183 | 322,129
Total assets less current liabilities |  | 666,971 | 712,138
Creditors: Amounts falling due after more than one year | 9 | (6,134) | (15,832)
Provisions for liabilities |  | (8,432) | (9,914)
Net assets |  | 652,405 | 686,392
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Other reserves |  | 62,931 | 33,027
Retained earnings |  | 589,374 | 653,265
Shareholders' funds |  | 652,405 | 686,392

Kelling Designs Limited

(Registration number: 05939587)
Balance Sheet as at 31 August 2025

For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 August 2026

......................................... Mrs E S Deterding Director

Kelling Designs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Priory House
54 Langham Road
Field Dalling
Holt
Norfolk
NR25 7LG

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Kelling Designs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixture & Fittings | 33.33% Straight Line
Office Equipment | 33.33% Straight Line
Motor Vehicles | 20% Reducing Balance
Property Improvements | 10% Straight Line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Kelling Designs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2024 - 6).

Kelling Designs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4 | Tangible assets

| Property Improvements £ | Fixtures and fittings £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 September 2024 | 114,546 | 142,581 | 55,666 | 15,995 | 328,788
Additions | - | - | 1,648 | - | 1,648
At 31 August 2025 | 114,546 | 142,581 | 57,314 | 15,995 | 330,436
Depreciation
At 1 September 2024 | 5,555 | 142,346 | 52,655 | 12,116 | 212,672
Charge for the year | - | 167 | 2,161 | 776 | 3,104
At 31 August 2025 | 5,555 | 142,513 | 54,816 | 12,892 | 215,776
Carrying amount
At 31 August 2025 | 108,991 | 68 | 2,498 | 3,103 | 114,660
At 31 August 2024 | 108,991 | 235 | 3,011 | 3,879 | 116,116

Kelling Designs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

5 | Other financial assets (current and non-current)

| Financial assets at fair value through profit and loss £ | Total £
Non-current financial assets
Cost or valuation
At 1 September 2024 | 273,893 | 273,893
Fair value adjustments | (7,766) | (7,766)
Additions | 54,958 | 54,958
Disposals | (115,957) | (115,957)
At 31 August 2025 | 205,128 | 205,128
Carrying amount
At 31 August 2025 | 205,128 | 205,128

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 162,339 | 125,808

7 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 10,278 | 19,908
Amounts owed by related parties | 11 | 161,725 | 164,978
Prepayments |  | 10,549 | 11,183
Other debtors |  | 87,872 | 102,905
|  | 270,424 | 298,974

Kelling Designs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

8 | Current asset investments

| 2025 £ | 2024 £
Other investments - Wine | 49,537 | 33,424

Kelling Designs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

9 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 10 | 10,291 | 19,441
Trade creditors |  | 40,957 | 63,308
Taxation and social security |  | 65,317 | 41,894
Other creditors |  | 28,268 | 30,085
|  | 144,833 | 154,728

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | 6,134 | 15,832

10 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 10,291 | 10,648
Bank overdrafts | - | 8,793
| 10,291 | 19,441

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 6,134 | 15,832

Kelling Designs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

11 | Related party transactions

Other transactions with the director

During the year the director, E S Deterding, had a loan with the company. At the balance sheet date the amount due from the director was £64,763. (2024:£86,000)

Summary of transactions with other related parties

During the year the company had a loan with Kelling Developments Limited, a company for which E S Deterding is also a director. At year end the amount due from Kelling Developments was £161,725 (2024: £164,978).