Keynsham Machinery Services Limited |
Registered Number:09046851 |
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2023
Keynsham Machinery Services Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Keynsham Machinery Services Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
1,725
933
2
1,725
933
59,768
62,863
3
Trade and other receivables |
12,321
13,595
4
32,069
Cash and cash equivalents |
23,880
100,338
104,158
Trade and other payables: amounts falling due within one year |
(38,250)
(31,725)
5
65,908
68,613
Net current assets
Total assets less current liabilities |
70,338
66,841
(328)
(177)
Provisions for liabilities |
70,010
Net assets
66,664
100
100
69,910
66,564
70,010
66,664
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Michael David Hemmings Director |
These financial statements were approved and authorised for issue by the Board on 19 February 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 December 2023
Keynsham Machinery Services Limited
Notes to the Financial Statements
Statutory Information
Keynsham Machinery Services Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 09046851. |
Principal place of business: |
Unit 31 Burnett Business Park
Gypsy Lane, Burnett
Keynsham
Bristol
BS31 2ED
Windyridge
Amberley
Stroud
Gloucestershire
GL5 5AA
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting |
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act |
2006. The financial statements have been prepared under the historical costs convention as modified by the revaluation |
of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Motor vehicles
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to sell. In respect of finished goods, cost includes a relevant proportion of overheads. |
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. |
Hire purchase and leasing commitments
Property, plant and equipment acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors. Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. |
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For the year ended 31 December 2023
Keynsham Machinery Services Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
6,995
2,300
(6,995)
2,300
Provision for depreciation and impairment |
6,062
Charge for year
575
(6,062)
575
1,725
933
2022
2023
62,863
59,768
4. Trade and other receivables |
2022
2023
13,539
11,631
56
690
12,321
13,595
5. Trade and other payables: amounts falling due within one year |
2022
2023
8,017
4,623
Taxation and social security |
6,447
4,937
17,261
28,690
31,725
38,250
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For the year ended 31 December 2023
Keynsham Machinery Services Limited
Notes to the Financial Statements Continued
6. Average number of persons employed |
During the year the average number of employees was 1 (2022 : 1)
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