Kelisdar Enterprises Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03922172 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Kelisdar Enterprises Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Kellett

L Kellett

SECRETARY:

L Kellett

REGISTERED OFFICE:

The Riverside Building, Suite 1

Livingstone Road

Hessle

HULL

HU13 0DZ

REGISTERED NUMBER:

03922172 (England and Wales)

ACCOUNTANTS:

Harris Lacey and Swain

Chartered Accountants

Suite 1, The Riverside Building

Livingstone Road

Hessle,

Hull

HU13 0DZ

FIXED ASSETS

Intangible assets

4

461,189

461,189

Tangible assets

5

108,843

117,338

Investment property

6

200,000

200,000

770,032

778,527

CURRENT ASSETS

Stocks

224,479

289,038

Debtors

7

568,975

677,631

Cash at bank and in hand

911,888

644,410

1,705,342

1,611,079

CREDITORS

Amounts falling due within one year

8

530,458

603,442

NET CURRENT ASSETS

1,174,884

1,007,637

TOTAL ASSETS LESS CURRENT LIABILITIES

1,944,916

1,786,164

PROVISIONS FOR LIABILITIES

20,680

22,294

NET ASSETS

1,924,236

1,763,870

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

10

34,826

34,826

Retained earnings

1,889,408

1,729,042

SHAREHOLDERS' FUNDS

1,924,236

1,763,870

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2021 and were signed on its behalf by:

D Kellett - Director

1.	STATUTORY INFORMATION

Kelisdar Enterprises Limited 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 as modified by the revaluation of certain assets.

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 represents the excess of the cost of acquisition over the fair value of the separate net assets of the businesses acquired. An impairment review is undertaken each year to determine if the market value of the goodwill has fallen below the value in the balance sheet. The amount attributable to any impairment is charged to the profit and loss account.

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.

Improvements to property

-

5% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Hire purchase and leasing commitments

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

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 26 (2020 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2020

and 31 March 2021

508,915

AMORTISATION

At 1 April 2020

and 31 March 2021

47,726

NET BOOK VALUE

At 31 March 2021

461,189

At 31 March 2020

461,189

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2020

153,033

199,075

6,921

36,211

395,240

Additions

-

1,427

-

-

1,427

Disposals

-

-

(6,921

)

-

(6,921

)

At 31 March 2021

153,033

200,502

-

36,211

389,746

DEPRECIATION

At 1 April 2020

63,734

174,459

5,998

33,711

277,902

Charge for year

4,464

3,909

-

626

8,999

Eliminated on disposal

-

-

(5,998

)

-

(5,998

)

At 31 March 2021

68,198

178,368

-

34,337

280,903

NET BOOK VALUE

At 31 March 2021

84,835

22,134

-

1,874

108,843

At 31 March 2020

89,299

24,616

923

2,500

117,338

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2020

and 31 March 2021

200,000

NET BOOK VALUE

At 31 March 2021

200,000

At 31 March 2020

200,000

Fair value at 31 March 2021 is represented by:

£

Valuation in 2015

43,532

Cost

156,468

200,000

If Investment property had not been revalued it would have been included at the following historical cost:

2021

2020

£

£

Cost

156,468

156,468

Investment property was valued on an open market basis on 31 March 2015 by the Directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

498,384

619,293

Other debtors

70,591

58,338

568,975

677,631

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

399,226

502,686

Taxation and social security

120,510

83,553

Other creditors

10,722

17,203

530,458

603,442

9.	SECURED DEBTS

The overdraft is secured by a fixed and floating charge over the assets of the company and by personal charges on the directors.

10.

RESERVES

Fair

value

reserve

£

At 1 April 2020

and 31 March 2021

34,826

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2021 and 31 March 2020:

2021

2020

£

£

L Kellett and D Kellett

Balance outstanding at start of year

(636

)

(673

)

Amounts advanced

323,456

306,471

Amounts repaid

(323,211

)

(306,434

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(391

)

(636

)