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Company Registration No. 05015474 (England and Wales)
Keyshel Interiors (04) Limited Unaudited accounts for the year ended 31 January 2023
Keyshel Interiors (04) Limited Unaudited accounts Contents
Page
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Keyshel Interiors (04) Limited Company Information for the year ended 31 January 2023
Directors
Thomas Nimmo Darrell Knights Thomas Coton
Company Number
05015474 (England and Wales)
Registered Office
Keyshel House Bank Street Lutterworth Leicestershire LE17 4AG
Accountants
Gray Accountancy 8 Botolph Green Peterborough PE2 7WG
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Keyshel Interiors (04) Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
215,357 
158,012 
Current assets
Inventories
360,219 
- 
Debtors
135,518 
830,664 
Cash at bank and in hand
126,366 
27,916 
622,103 
858,580 
Creditors: amounts falling due within one year
(274,245)
(346,922)
Net current assets
347,858 
511,658 
Total assets less current liabilities
563,215 
669,670 
Creditors: amounts falling due after more than one year
(120,820)
(103,645)
Net assets
442,395 
566,025 
Capital and reserves
Called up share capital
12 
12 
Capital redemption reserve
90 
90 
Profit and loss account
442,293 
565,923 
Shareholders' funds
442,395 
566,025 
For the year ending 31 January 2023 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by
Thomas Nimmo Director Company Registration No. 05015474
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Keyshel Interiors (04) Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Keyshel Interiors (04) Limited is a private company, limited by shares, registered in England and Wales, registration number 05015474. The registered office is Keyshel House, Bank Street, Lutterworth, Leicestershire, LE17 4AG.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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:
Plant & machinery
25%
Motor vehicles
25%
Fixtures & fittings
25%
Computer equipment
25%
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Keyshel Interiors (04) Limited Notes to the Accounts for the year ended 31 January 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 February 2022
51,777 
28,637 
98,735 
104,071 
- 
283,220 
Additions
- 
7,832 
232,632 
- 
716 
241,180 
Disposals
- 
- 
(174,995)
- 
- 
(174,995)
At 31 January 2023
51,777 
36,469 
156,372 
104,071 
716 
349,405 
Depreciation
At 1 February 2022
- 
20,462 
30,919 
73,827 
- 
125,208 
Charge for the year
- 
3,411 
39,593 
7,561 
45 
50,610 
On disposals
- 
- 
(41,770)
- 
- 
(41,770)
At 31 January 2023
- 
23,873 
28,742 
81,388 
45 
134,048 
Net book value
At 31 January 2023
51,777 
12,596 
127,630 
22,683 
671 
215,357 
At 31 January 2022
51,777 
8,175 
67,816 
30,244 
- 
158,012 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,616 
544,838 
Accrued income and prepayments
803 
- 
Other debtors
69,040 
285,826 
80,459 
830,664 
Amounts falling due after more than one year
Accrued income and prepayments
55,059 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
11,547 
- 
VAT
64,242 
- 
Trade creditors
188,715 
211,087 
Taxes and social security
9,185 
122,209 
Other creditors
- 
13,626 
Loans from directors
556 
- 
274,245 
346,922 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
23,333 
43,333 
Obligations under finance leases and hire purchase contracts
97,487 
- 
Other creditors
- 
60,312 
120,820 
103,645 
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Keyshel Interiors (04) Limited Notes to the Accounts for the year ended 31 January 2023
8
Average number of employees
During the year the average number of employees was 9 (2022: 8).
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