Kelly's of Bodmin Limited - Accounts to registrar (filleted) - small 18.2
Kelly's of Bodmin Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2020 |
| for |
| Kelly's of Bodmin Limited |
| Kelly's of Bodmin Limited (Registered number: 04569879) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2020 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Kelly's of Bodmin Limited |
| Company Information |
| for the Year Ended 31 December 2020 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| Kelly's of Bodmin Limited (Registered number: 04569879) |
| Abridged Balance Sheet |
| 31 December 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Kelly's of Bodmin Limited (Registered number: 04569879) |
| Abridged Balance Sheet - continued |
| 31 December 2020 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| Kelly's of Bodmin Limited (Registered number: 04569879) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2020 |
| 1. | STATUTORY INFORMATION |
| Kelly's of Bodmin Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Land and buildings | 2% on cost |
| Plant and machinery etc. | 10% on cost |
| Motor vehicles | 10% on cost |
| Computer equipment | 33% on cost |
| 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 Income Statement, 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Kelly's of Bodmin Limited (Registered number: 04569879) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2020 |
| 4. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 January 2020 |
| Additions |
| Disposals | ( |
) |
| At 31 December 2020 |
| DEPRECIATION |
| At 1 January 2020 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 December 2020 |
| NET BOOK VALUE |
| At 31 December 2020 |
| At 31 December 2019 |
| 5. | LEASING AGREEMENTS |
| Land and Buildings |
Other |
| 2020 | 2019 | 2020 | 2019 |
| £ | £ | £ | £ |
| Operating leases which expire:- |
| Not later than one year | 0 | 0 | 29,815 | 43,604 |
| Later than one year and not later than five years |
504,329 |
508,325 |
143,750 |
210,250 |
| 6. | RELATED PARTY DISCLOSURES |
| PK Investments (Cornwall) Ltd |
| During the year the company traded with PK Investments (Cornwall) Ltd (associated company). The company was reimbursed for expenses incurred totalling £7,936 (2019: £9,090) and purchased services totalling £40,000 (2019: £40,000) on normal commercial terms. |
| At 31 December 2020 the company owed PK Investments (Cornwall) Ltd £Nil (2019: £Nil), included in trade creditors. |
| The balance due from PK Investments (Cornwall) Ltd was £Nil (2019: £9,090), included in other debtors. |
| Controlling party |
| P Kelly is the ultimate controlling party, by virtue of his 100% ownership of the company's share capital. |