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REGISTERED NUMBER: 07477885 (England and Wales)















Keg Line Control Systems Ltd

Unaudited Financial Statements for the Year Ended 31 December 2023






Keg Line Control Systems Ltd (Registered number: 07477885)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Keg Line Control Systems Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P Murr
Mrs D A Murr





REGISTERED OFFICE: 3 - 5 London Road
Rainham
Gillingham
Kent
ME8 7RG





BUSINESS ADDRESS: 34 Collet Walk
Gillingham
Kent
ME8 9RX





REGISTERED NUMBER: 07477885 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Keg Line Control Systems Ltd (Registered number: 07477885)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 269 4,587
Cash at bank and in hand 2,868 8,395
3,137 12,982
CREDITORS
Amounts falling due within one year 6 3,632 3,500
NET CURRENT (LIABILITIES)/ASSETS (495 ) 9,482
TOTAL ASSETS LESS CURRENT LIABILITIES (495 ) 9,482

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (1,495 ) 8,482
SHAREHOLDERS' FUNDS (495 ) 9,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by:





P Murr - Director


Keg Line Control Systems Ltd (Registered number: 07477885)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Keg Line Control Systems 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared adopting the going concern principle despite the balance sheet showing an excess of liabilities over assets of £495. The current liabilities include amounts of £2,487 owed to the director. The director has indicated that amounts due will not be repayable by the company until cash flow and profitability allow.

Income recognition
Turnover is measured at the fair value of the consideration received or receivable from the provision of services to customers, excluding discounts, rebates and value added tax.

Turnover is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Office equipment - 33% on cost

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 3 ) .

Keg Line Control Systems Ltd (Registered number: 07477885)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 January 2023
and 31 December 2023 3,738
DEPRECIATION
At 1 January 2023
and 31 December 2023 3,738
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 269 4,587

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 15
Taxation and social security - 5
Other creditors 3,632 3,480
3,632 3,500