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
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
Keyshel Interiors (04) Limited
Statement of financial position
as at 31 January 2023
Tangible assets
215,357
158,012
Cash at bank and in hand
126,366
27,916
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
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
Keyshel Interiors (04) Limited
Notes to the Accounts
for the year ended 31 January 2023
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.
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.
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:
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
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
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
Amounts falling due within one year
Trade debtors
10,616
544,838
Accrued income and prepayments
803
-
Other debtors
69,040
285,826
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
-
Trade creditors
188,715
211,087
Taxes and social security
9,185
122,209
Loans from directors
556
-
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
97,487
-
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).