Kelly Construction Limited - Filleted accounts

Registered number

01111824

Kelly Construction Limited

Report and Accounts

31 December 2025

Kelly Construction Limited
Registered number:		01111824
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		624,990			642,854
Investments	4		1,280,000			1,250,000
			1,904,990			1,892,854

Current assets
Stocks		609,935			389,368
Debtors	5	30,808			195,874
Cash at bank and in hand		27,797			21,740
		668,540			606,982

Creditors: amounts falling due within one year	6	(222,444)			(65,429)

Net current assets			446,096			541,553

Total assets less current liabilities			2,351,086			2,434,407

Creditors: amounts falling due after more than one year	7		(95,708)			(11,736)

Provisions for liabilities			(195,876)			(192,657)


Net assets			2,059,502			2,230,014

Capital and reserves
Called up share capital			1,000			1,000
Revaluation reserve	8		826,344			803,844
Profit and loss account			1,232,158			1,425,170

Shareholders' funds			2,059,502			2,230,014

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 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.




Mrs D Kelly
Director
Approved by the board on 22 September 2026

Kelly Construction Limited
Notes to the Accounts
for the year ended 31 December 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 (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.

	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:

	Plant and machinery			15% reducing balance
	Motor vehicles			25% reducing balance

	Investment property
	Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.The valuation for this accounting period has been supplied by the Directors.

	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.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					3		3


3	Tangible fixed assets
		Freehold property		Plant and machinery		Motor vehicles		Total
£			£		£		£
	Cost or valuation
	At 1 January 2025	552,955		102,480		79,934		735,369
	At 31 December 2025	552,955		102,480		79,934		735,369

	Depreciation
	At 1 January 2025	-		56,365		36,150		92,515
	Charge for the year	-		6,918		10,946		17,864
	At 31 December 2025	-		63,283		47,096		110,379

	Net book value
	At 31 December 2025	552,955		39,197		32,838		624,990
	At 31 December 2024	552,955		46,115		43,784		642,854

	The freehold property was revalued by the Directors at 31 December 2024. If it had not been revalued, its carrying value would be cost of £68,992.


4	Investments

Other
investments
£
	Cost or valuation
	At 1 January 2025							1,250,000
	Revaluation							30,000

	At 31 December 2025							1,280,000

	The investment property was revalued by the Directors at 31 December 2025. If it had not been revalued, its carrying value would be cost of £756,858.


5	Debtors					2025		2024
£							£

	Trade debtors					27,522		61,757
	Other debtors					3,286		134,117
						30,808		195,874


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

	Bank loans and overdrafts					141,472		-
	Trade creditors					23,709		27,763
	Taxation and social security costs					27,306		26,178
	Other creditors					29,957		11,488
						222,444		65,429


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

	Other creditors					95,708		11,736


8	Revaluation reserve					2025		2024
£							£

	At 1 January 2025					803,844		803,844
	Gain on revaluation of land and buildings					30,000		-
	Deferred taxation arising on the revaluation of land and buildings					(7,500)		-

	At 31 December 2025					826,344		803,844


9	Other information

	Kelly Construction Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Road Farm
	How End
	Houghton Conquest
	Bedfordshire
	MK45 3JS