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REGISTERED NUMBER: 09354038 (England and Wales)












Christopher Key Solicitors Limited

Unaudited Financial Statements

for the Year Ended 31st May 2023






Christopher Key Solicitors Limited (Registered number: 09354038)






Contents of the Financial Statements
for the Year Ended 31st May 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Christopher Key Solicitors Limited

Company Information
for the Year Ended 31st May 2023







DIRECTOR: C A Key





REGISTERED OFFICE: Trebiffen Farm
Boscastle
Cornwall
PL35 0BW





REGISTERED NUMBER: 09354038 (England and Wales)





ACCOUNTANTS: ATC Advisors
Chartered Accountants
Unit 2 Dunheved Court
Pennygillam Way
LAUNCESTON
Cornwall
PL15 7ED

Christopher Key Solicitors Limited (Registered number: 09354038)

Statement of Financial Position
31st May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 121,264 115,290

CURRENT ASSETS
Stocks 11,215 11,215
Debtors 5 49,898 43,246
Cash at bank 135,463 148,409
196,576 202,870
CREDITORS
Amounts falling due within one year 6 52,678 57,270
NET CURRENT ASSETS 143,898 145,600
TOTAL ASSETS LESS CURRENT
LIABILITIES

265,162

260,890

CREDITORS
Amounts falling due after more than one
year

7

(24,000

)

(36,000

)

PROVISIONS FOR LIABILITIES (3,831 ) (1,664 )
NET ASSETS 237,331 223,226

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 237,231 223,126
237,331 223,226

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 5th February 2024 and were signed by:





C A Key - Director


Christopher Key Solicitors Limited (Registered number: 09354038)

Notes to the Financial Statements
for the Year Ended 31st May 2023

1. STATUTORY INFORMATION

Christopher Key Solicitors 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 8 (2022 - 8 ) .

Christopher Key Solicitors Limited (Registered number: 09354038)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st June 2022 101,988 19,285 1,510 7,298 130,081
Additions - 10,355 - - 10,355
At 31st May 2023 101,988 29,640 1,510 7,298 140,436
DEPRECIATION
At 1st June 2022 - 9,246 664 4,881 14,791
Charge for year - 3,691 85 605 4,381
At 31st May 2023 - 12,937 749 5,486 19,172
NET BOOK VALUE
At 31st May 2023 101,988 16,703 761 1,812 121,264
At 31st May 2022 101,988 10,039 846 2,417 115,290

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 31,960 24,144
Other debtors 17,938 19,102
49,898 43,246

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 36,488 41,490
Other creditors 16,190 15,780
52,678 57,270

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 24,000 36,000

8. SECURED DEBTS

HSBC Bank PLC has a fixed and floating charge over all assets of the company.

Christopher Key Solicitors Limited (Registered number: 09354038)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st May 2023 and 31st May 2022:

2023 2022
£    £   
C A Key
Balance outstanding at start of year 4,787 2,041
Amounts advanced 33,429 37,317
Amounts repaid (37,898 ) (34,571 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 318 4,787

The overdrawn directors loan account balance has been cleared within 9 months of the year end through the declaration of a dividend.

10. RELATED PARTY DISCLOSURES

The property that the company operates from is rented from a partnership, one of the partners being the sole director of Christopher Key Solicitors Ltd. This is at a rate of £1,750 per month.