Company Registration No. 08433575 (England and Wales)
Kelpie Solutions Limited
Unaudited accounts
for the year ended 31 March 2021
Kelpie Solutions Limited
Unaudited accounts
Contents
Kelpie Solutions Limited
Company Information
for the year ended 31 March 2021
Director
Mr Ian Hindley Powell
Company Number
08433575 (England and Wales)
Registered Office
9 Cardinal Crescent
Bromsgrove
B61 7PR
United Kingdom
Accountants
Virtue Accounting Limited
53 Warwick Street
Coventry
CV5 6ET
Kelpie Solutions Limited
Statement of financial position
as at
31 March 2021
Tangible assets
812
1,243
Cash at bank and in hand
11,632
25,995
Creditors: amounts falling due within one year
(81)
(4,979)
Net current assets
11,904
15,407
Total assets less current liabilities
12,716
16,650
Provisions for liabilities
Called up share capital
10
10
Profit and loss account
12,552
16,404
Shareholders' funds
12,562
16,414
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 May 2021 and were signed on its behalf by
Mr Ian Hindley Powell
Director
Company Registration No. 08433575
Kelpie Solutions Limited
Notes to the Accounts
for the year ended 31 March 2021
Kelpie Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 08433575. The registered office is 9 Cardinal Crescent, Bromsgrove, B61 7PR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% Straight Line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Kelpie Solutions Limited
Notes to the Accounts
for the year ended 31 March 2021
4
Tangible fixed assets
Total
Charge for the year
1,149
5
Share capital
2021
2020
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
At the reporting date the amount owed by the company to Mr Powell was £Nil, a movement of £3,962 from the £3,962 owed by the company at the beginning of the period.
7
Average number of employees
During the year the average number of employees was 0 (2020: 1).