Company Registration No. 10697801 (England and Wales)
THE ESCAPE KEY LIMITED
Unaudited accounts
for the year ended 30 June 2023
THE ESCAPE KEY LIMITED
Unaudited accounts
Contents
THE ESCAPE KEY LIMITED
Company Information
for the year ended 30 June 2023
Directors
Martin Thomas Ashburn
Michael Robert Ashburn
Company Number
10697801 (England and Wales)
Registered Office
60-62 ST ANDREWS STREET
NEWCASTLE UPON TYNE
NE1 5SF
ENGLAND
THE ESCAPE KEY LIMITED
Statement of financial position
as at 30 June 2023
Tangible assets
7,310
10,216
Cash at bank and in hand
57,037
77,818
Creditors: amounts falling due within one year
(32,665)
(44,952)
Net current assets
49,250
36,538
Total assets less current liabilities
56,560
46,754
Creditors: amounts falling due after more than one year
(15,625)
(23,125)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
40,688
23,103
Shareholders' funds
40,788
23,203
For the year ending 30 June 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 26 February 2024 and were signed on its behalf by
Martin Thomas Ashburn
Director
Company Registration No. 10697801
THE ESCAPE KEY LIMITED
Notes to the Accounts
for the year ended 30 June 2023
THE ESCAPE KEY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10697801. The registered office is 60-62 ST ANDREWS STREET, NEWCASTLE UPON TYNE, NE1 5SF, ENGLAND.
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.
The accounts are presented in £ sterling.
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:
Land & buildings
25% straight line
Plant & machinery
50% reducing balance
Fixtures & fittings
25% straight line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2022
9,824
50,521
5,500
8,305
74,150
Additions
-
-
-
1,742
1,742
At 30 June 2023
9,824
50,521
5,500
10,047
75,892
At 1 July 2022
9,824
48,448
1,100
4,562
63,934
Charge for the year
-
1,036
1,100
2,512
4,648
At 30 June 2023
9,824
49,484
2,200
7,074
68,582
At 30 June 2023
-
1,037
3,300
2,973
7,310
At 30 June 2022
-
2,073
4,400
3,743
10,216
THE ESCAPE KEY LIMITED
Notes to the Accounts
for the year ended 30 June 2023
Amounts falling due within one year
Accrued income and prepayments
584
688
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
7,500
7,500
Taxes and social security
4,567
12,486
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 16 (2022: 16).