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Company registration number: 08900319
KES Facilities Limited
Unaudited filleted financial statements
28 February 2023
KES Facilities Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
KES Facilities Limited
Directors and other information
Director M B Hale
Company number 08900319
Registered office 10 Cliff Parade
Wakefield
West Yorkshire
WF1 2TA
Accountants Andrew Wright & Co
10 Cliff Parade
Wakefield
WF1 2TA
KES Facilities Limited
Statement of financial position
28 February 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 65,616 38,402
_______ _______
65,616 38,402
Current assets
Stocks 22,900 25,800
Debtors 6 95,710 88,382
Cash at bank and in hand 208,668 148,031
_______ _______
327,278 262,213
Creditors: amounts falling due
within one year 7 ( 111,290) ( 61,688)
_______ _______
Net current assets 215,988 200,525
_______ _______
Total assets less current liabilities 281,604 238,927
Creditors: amounts falling due
after more than one year 8 ( 25,000) ( 44,396)
_______ _______
Net assets 256,604 194,531
_______ _______
Capital and reserves
Called up share capital 3 3
Profit and loss account 256,601 194,528
_______ _______
Shareholders funds 256,604 194,531
_______ _______
For the year ending 28 February 2023 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 financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 05 October 2023 , and are signed on behalf of the board by:
M B Hale
Director
Company registration number: 08900319
KES Facilities Limited
Notes to the financial statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 10 Cliff Parade, Wakefield, West Yorkshire, WF1 2TA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 15 % reducing balance
Motor vehicles - 25 % reducing balance
Office equipment - 33 % straight line
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2022: 7 ).
5. Tangible assets
Plant and machinery Motor vehicles Office equipment Total
£ £ £ £
Cost
At 1 March 2022 7,130 89,351 8,914 105,395
Additions - 48,740 - 48,740
_______ _______ _______ _______
At 28 February 2023 7,130 138,091 8,914 154,135
_______ _______ _______ _______
Depreciation
At 1 March 2022 4,158 54,421 8,414 66,993
Charge for the year 445 20,917 164 21,526
_______ _______ _______ _______
At 28 February 2023 4,603 75,338 8,578 88,519
_______ _______ _______ _______
Carrying amount
At 28 February 2023 2,527 62,753 336 65,616
_______ _______ _______ _______
At 28 February 2022 2,972 34,930 500 38,402
_______ _______ _______ _______
6. Debtors
2023 2022
£ £
Trade debtors 83,207 42,064
Other debtors 12,503 46,318
_______ _______
95,710 88,382
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 10,000 -
Trade creditors 42,357 13,503
Corporation tax 30,384 16,567
Social security and other taxes 21,590 14,063
Other creditors 6,959 17,555
_______ _______
111,290 61,688
_______ _______
8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans and overdrafts 25,000 44,396
_______ _______
9. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
M B Hale ( 248) ( 64) - ( 312)
_______ _______ _______ _______
2022
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
M B Hale ( 12,906) - 12,658 ( 248)
_______ _______ _______ _______
10. Controlling party
The director is the controlling party of the company.