Registration number: 09606414

Kelform Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Kelform Limited

Company Information

Director

Ms K A Giles

Registered office

94 Canterbury Road Hawkinge Folkestone Kent CT18 7BN

Kelform Limited

(Registration number: 09606414)
Balance Sheet as at 31 May 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	289,259	190,992
Current assets
Debtors	6	192,825	281,042
Cash at bank and in hand		118,852	226,455
		311,677	507,497
Creditors: Amounts falling due within one year	7	(46,588)	(188,105)
Net current assets		265,089	319,392
Total assets less current liabilities		554,348	510,384
Creditors: Amounts falling due after more than one year	7	-	(673)
Provisions for liabilities		(72,782)	(47,486)
Net assets		481,566	462,225
Capital and reserves
Called up share capital		2	2
Retained earnings		481,564	462,223
Shareholders' funds		481,566	462,225

For the financial year ending 31 May 2026 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 23 September 2026
 

......................................... Ms K A Giles Director

Kelform Limited

Notes to the Unaudited Financial Statements for the year ended 31 May 2026

1	General information

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

The address of its registered office is:
94 Canterbury Road
Hawkinge
Folkestone
Kent
CT18 7BN

These financial statements were authorised for issue by the director on 23 September 2026.

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.

Going concern

The financial statements have been prepared on a going concern basis, with management having given due consideration to the company’s ability to continue as a going concern for at least the next twelve months.

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.

The company recognises revenue when:
The amount of turnover can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

Kelform Limited

Notes to the Unaudited Financial Statements for the year ended 31 May 2026

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.

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:

Depreciation method and rate for tangible assets
Asset class	Depreciation method and rate
Plant & machinery	10% Straight line
Motor vehicles	10% Straight line

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.

Trade debtors

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

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Kelform Limited

Notes to the Unaudited Financial Statements for the year ended 31 May 2026

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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2025 - 2).

4

Taxation

Tax charged/(credited) in the profit and loss account

	2026 £	2025 £
Current taxation
UK corporation tax	-	78,739
Deferred taxation
Arising from origination and reversal of timing differences	25,296	25,395
Tax expense in the income statement	25,296	104,134

Kelform Limited

Notes to the Unaudited Financial Statements for the year ended 31 May 2026

5	Tangible assets

	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 June 2025	80,350	142,949	223,299
Additions	49,995	92,607	142,602
Disposals	(10,350)	-	(10,350)
At 31 May 2026	119,995	235,556	355,551
Depreciation
At 1 June 2025	14,158	18,149	32,307
Charge for the year	12,000	23,555	35,555
Eliminated on disposal	(1,570)	-	(1,570)
At 31 May 2026	24,588	41,704	66,292
Carrying amount
At 31 May 2026	95,407	193,852	289,259
At 31 May 2025	66,192	124,800	190,992

6

Debtors

Current	2026 £	2025 £
Trade debtors	186,931	257,884
Other debtors	5,894	23,158
	192,825	281,042

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	10	793	2,000
Trade creditors		7,739	52,186
Taxation and social security		4,234	90,861
Accruals and deferred income		3,000	3,900
Other creditors		30,822	39,158
		46,588	188,105

Creditors: amounts falling due after more than one year

Kelform Limited

Notes to the Unaudited Financial Statements for the year ended 31 May 2026

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	10	-	673

8	Provisions for liabilities

	Deferred tax £	Total £
At 1 June 2025	47,486	47,486
Increase (decrease) in existing provisions	25,296	25,296
At 31 May 2026	72,782	72,782

9	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	2	2	2	2

10	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	-	673

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	793	2,000

11

Dividends

		2026		2025
		£		£
Interim dividend of £18,000.00 (2025 - £18,000.00) per ordinary share		36,000		36,000

12	Related party transactions

Kelform Limited

Notes to the Unaudited Financial Statements for the year ended 31 May 2026

Director's remuneration

The director's remuneration for the year was as follows:

	2026 £	2025 £
Remuneration	12,600	12,600

13	Financial instruments

Categorisation of financial instruments

2026 £

2025 £