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REGISTERED NUMBER: 13468013 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

KHE Steel Fabrications Limited

KHE Steel Fabrications Limited (Registered number: 13468013)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KHE Steel Fabrications Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mrs L Clarke





REGISTERED OFFICE: Unit 4
Astwith Close
Chesterfield
Derbyshire
S42 5UR





REGISTERED NUMBER: 13468013 (England and Wales)





ACCOUNTANTS: Hadfields Chartered Certified Accountants
Commerce House
658B Chatsworth Road
Chesterfield
Derbyshire
S40 3JZ

KHE Steel Fabrications Limited (Registered number: 13468013)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 120,678 17,029

CURRENT ASSETS
Stocks 86,200 9,460
Debtors 5 197,099 60,197
Cash at bank and in hand 118 21,966
283,417 91,623
CREDITORS
Amounts falling due within one year 6 316,618 78,970
NET CURRENT (LIABILITIES)/ASSETS (33,201 ) 12,653
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,477

29,682

CREDITORS
Amounts falling due after more than one
year

7

41,381

8,203
NET ASSETS 46,096 21,479

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 23,551 -
Retained earnings 22,445 21,379
46,096 21,479

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

KHE Steel Fabrications Limited (Registered number: 13468013)

Balance Sheet - continued
30 June 2023


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 11 March 2024 and were signed by:





Mrs L Clarke - Director


KHE Steel Fabrications Limited (Registered number: 13468013)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

KHE Steel Fabrications 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 as modified by the revaluation of certain assets.

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.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and at variable rates on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

KHE Steel Fabrications Limited (Registered number: 13468013)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 July 2022 17,181
Additions 91,544
Disposals (6,800 )
Revaluations 23,551
At 30 June 2023 125,476
DEPRECIATION
At 1 July 2022 152
Charge for year 4,701
Eliminated on disposal (55 )
At 30 June 2023 4,798
NET BOOK VALUE
At 30 June 2023 120,678
At 30 June 2022 17,029

Cost or valuation at 30 June 2023 is represented by:

Plant and
machinery
etc
£   
Valuation in 2023 23,551
Cost 101,925
125,476

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 155,896 60,197
Amounts owed by associates 40,984 -
Other debtors 219 -
197,099 60,197

KHE Steel Fabrications Limited (Registered number: 13468013)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 147,965 51,198
Hire purchase contracts 13,497 2,812
Trade creditors 98,572 22,265
Taxation and social security 48,920 1,217
Other creditors 7,664 1,478
316,618 78,970

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 41,381 8,203

8. SECURED DEBTS

Ecapital Commercial Finance (North) Ltd holds a fixed and floating charge with a negative pledge. The floating charge covers all the property or undertaking of the company

9. RESERVES
Revaluation
reserve
£   
Fixed asset revaluation reserv e 23,551

At 30 June 2023 23,551