IRIS Accounts Production v23.4.0.336 14220091 Board of Directors 7.7.22 30.11.23 30.11.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh142200912022-07-06142200912023-11-30142200912022-07-072023-11-30142200912022-07-0614220091ns15:EnglandWales2022-07-072023-11-3014220091ns14:PoundSterling2022-07-072023-11-3014220091ns10:Director12022-07-072023-11-3014220091ns10:PrivateLimitedCompanyLtd2022-07-072023-11-3014220091ns10:SmallEntities2022-07-072023-11-3014220091ns10:AuditExempt-NoAccountantsReport2022-07-072023-11-3014220091ns10:SmallCompaniesRegimeForDirectorsReport2022-07-072023-11-3014220091ns10:SmallCompaniesRegimeForAccounts2022-07-072023-11-3014220091ns10:AbridgedAccounts2022-07-072023-11-3014220091ns10:Director22022-07-072023-11-3014220091ns10:Director32022-07-072023-11-3014220091ns10:Director42022-07-072023-11-3014220091ns10:RegisteredOffice2022-07-072023-11-3014220091ns5:CurrentFinancialInstruments2023-11-3014220091ns5:ShareCapital2023-11-3014220091ns5:RetainedEarningsAccumulatedLosses2023-11-3014220091ns5:PlantMachinery2022-07-072023-11-30
REGISTERED NUMBER: 14220091 (England and Wales)















Key Industrial Units Ltd

Unaudited Financial Statements

for the Period 7 July 2022 to 30 November 2023






Key Industrial Units Ltd (Registered number: 14220091)






Contents of the Financial Statements
for the Period 7 July 2022 to 30 November 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Key Industrial Units Ltd

Company Information
for the Period 7 July 2022 to 30 November 2023







DIRECTORS: P D Hockey
N J Hockey
Mrs J C Hockey
A N Hockey



REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF



REGISTERED NUMBER: 14220091 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: National Westminster Bank plc
9 The Parade
Minehead
TA24 5NL

Key Industrial Units Ltd (Registered number: 14220091)

Abridged Statement of Financial Position
30 November 2023

Notes £    £   
FIXED ASSETS
Tangible assets 5 12,002
Investment property 6 901,829
913,831

CURRENT ASSETS
Debtors 3,113
Cash at bank 50,127
53,240
CREDITORS
Amounts falling due within one year 21,745
NET CURRENT ASSETS 31,495
TOTAL ASSETS LESS CURRENT
LIABILITIES

945,326

PROVISIONS FOR LIABILITIES 177
NET ASSETS 945,149

CAPITAL AND RESERVES
Called up share capital 961,828
Retained earnings (16,679 )
SHAREHOLDERS' FUNDS 945,149

Key Industrial Units Ltd (Registered number: 14220091)

Abridged Statement of Financial Position - continued
30 November 2023


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

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

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the period ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2024 and were signed on its behalf by:





N J Hockey - Director


Key Industrial Units Ltd (Registered number: 14220091)

Notes to the Financial Statements
for the Period 7 July 2022 to 30 November 2023

1. STATUTORY INFORMATION

Key Industrial Units Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified for the revaluation of certain assets.

The financial statements have been prepared on a going concern basis which assumes the continued support of the company's directors.

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 - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period 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 period 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.

Key Industrial Units Ltd (Registered number: 14220091)

Notes to the Financial Statements - continued
for the Period 7 July 2022 to 30 November 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 14,120
At 30 November 2023 14,120
DEPRECIATION
Charge for period 2,118
At 30 November 2023 2,118
NET BOOK VALUE
At 30 November 2023 12,002

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 901,829
At 30 November 2023 901,829
NET BOOK VALUE
At 30 November 2023 901,829