KEY ENGINEERING (HULL) LIMITED

Company Registration Number:
10705847 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

KEY ENGINEERING (HULL) LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

KEY ENGINEERING (HULL) LIMITED

Company Information

for the Period Ended 31 March 2023




Director: NIGEL CLAPPISON
Registered office: 1
Etherington Close
Keyingham
Hull
East Yorkshire
GBR
HU12 9TJ
Company Registration Number: 10705847 (England and Wales)

KEY ENGINEERING (HULL) LIMITED

Balance sheet

As at 31 March 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 4,317 7,552
Total fixed assets: 4,317 7,552
Current assets
Debtors: 6,346 12,711
Cash at bank and in hand: 14,881 17,262
Total current assets: 21,227 29,973
Creditors: amounts falling due within one year: ( 10,793 ) ( 11,987 )
Net current assets (liabilities): 10,434 17,986
Total assets less current liabilities: 14,751 25,538
Creditors: amounts falling due after more than one year: ( 6,731 ) ( 9,716 )
Provision for liabilities: ( 820 ) ( 1,435 )
Total net assets (liabilities): 7,200 14,387

The notes form part of these financial statements

KEY ENGINEERING (HULL) LIMITED

Balance sheet continued

As at 31 March 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 7,100 14,287
Shareholders funds: 7,200 14,387

For the year ending 31 March 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 1 December 2023
And Signed On Behalf Of The Board By:

Name: NIGEL CLAPPISON
Status: Director

The notes form part of these financial statements

KEY ENGINEERING (HULL) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
    Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

    Sale of goods
    Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

    Rendering of services
    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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.
    Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

    Plant & Machinery - 25% Reducing Balance
    Motor Vehicles - 20% Straight Line
    Computer Equipment - 20% Straight Line

KEY ENGINEERING (HULL) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 1

KEY ENGINEERING (HULL) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 3. Off balance sheet disclosure

    No

KEY ENGINEERING (HULL) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible Assets

Total
Cost £
At 01 April 2022 20,026
Additions 563
Disposals -
Revaluations -
Transfers -
At 31 March 2023 20,589
Depreciation
At 01 April 2022 12,474
Charge for year 3,798
On disposals -
Other adjustments -
At 31 March 2023 16,272
Net book value
At 31 March 2023 4,317
At 31 March 2022 7,552