IRIS Accounts Production v24.1.4.33 02521006 Board of Directors Board of Directors 1.6.23 31.5.24 31.5.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh025210062023-05-31025210062024-05-31025210062023-06-012024-05-31025210062022-05-31025210062022-06-012023-05-31025210062023-05-3102521006ns15:EnglandWales2023-06-012024-05-3102521006ns14:PoundSterling2023-06-012024-05-3102521006ns10:Director12023-06-012024-05-3102521006ns10:Director22023-06-012024-05-3102521006ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3102521006ns10:SmallEntities2023-06-012024-05-3102521006ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3102521006ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3102521006ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3102521006ns10:FullAccounts2023-06-012024-05-310252100612023-06-012024-05-3102521006ns10:RegisteredOffice2023-06-012024-05-3102521006ns5:CurrentFinancialInstruments2024-05-3102521006ns5:CurrentFinancialInstruments2023-05-3102521006ns5:ShareCapital2024-05-3102521006ns5:ShareCapital2023-05-3102521006ns5:RetainedEarningsAccumulatedLosses2024-05-3102521006ns5:RetainedEarningsAccumulatedLosses2023-05-3102521006ns5:NetGoodwill2023-06-012024-05-3102521006ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3102521006ns5:PlantMachinery2023-06-012024-05-3102521006ns5:FurnitureFittings2023-06-012024-05-3102521006ns5:MotorVehicles2023-06-012024-05-3102521006ns5:ComputerEquipment2023-06-012024-05-3102521006ns5:NetGoodwill2023-05-3102521006ns5:NetGoodwill2024-05-3102521006ns5:NetGoodwill2023-05-3102521006ns5:LandBuildings2023-05-3102521006ns5:PlantMachinery2023-05-3102521006ns5:FurnitureFittings2023-05-3102521006ns5:LandBuildings2023-06-012024-05-3102521006ns5:LandBuildings2024-05-3102521006ns5:PlantMachinery2024-05-3102521006ns5:FurnitureFittings2024-05-3102521006ns5:LandBuildings2023-05-3102521006ns5:PlantMachinery2023-05-3102521006ns5:FurnitureFittings2023-05-3102521006ns5:MotorVehicles2023-05-3102521006ns5:ComputerEquipment2023-05-3102521006ns5:MotorVehicles2024-05-3102521006ns5:ComputerEquipment2024-05-3102521006ns5:MotorVehicles2023-05-3102521006ns5:ComputerEquipment2023-05-3102521006ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3102521006ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-31
REGISTERED NUMBER: 02521006 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Keyspline Engineering Limited

Keyspline Engineering Limited (Registered number: 02521006)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Keyspline Engineering Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr J Woodhead
Mr R Dodd





REGISTERED OFFICE: Unit 1
West Carr Road
Dinnington
S25 2RH





REGISTERED NUMBER: 02521006 (England and Wales)





ACCOUNTANTS: Hawson Jefferies
Suite 4
164-170 Queens Road
Sheffield
South Yorkshire
S2 4DH

Keyspline Engineering Limited (Registered number: 02521006)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,071,527 1,123,258
1,071,527 1,123,258

CURRENT ASSETS
Stocks 25,102 26,252
Debtors 6 256,275 277,312
Cash at bank and in hand 1,014,892 837,208
1,296,269 1,140,772
CREDITORS
Amounts falling due within one year 7 296,400 247,752
NET CURRENT ASSETS 999,869 893,020
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,071,396

2,016,278

PROVISIONS FOR LIABILITIES 87,628 83,818
NET ASSETS 1,983,768 1,932,460

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,983,766 1,932,458
SHAREHOLDERS' FUNDS 1,983,768 1,932,460

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Keyspline Engineering Limited (Registered number: 02521006)

Balance Sheet - continued
31 May 2024


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 12 August 2024 and were signed on its behalf by:




Mr J Woodhead - Director



Mr R Dodd - Director


Keyspline Engineering Limited (Registered number: 02521006)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Keyspline Engineering 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

Keyspline Engineering Limited (Registered number: 02521006)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 140,000
AMORTISATION
At 1 June 2023
and 31 May 2024 140,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2023 703,958 1,200,875 47,616
Additions - 900 -
Disposals - - -
At 31 May 2024 703,958 1,201,775 47,616
DEPRECIATION
At 1 June 2023 - 825,789 35,586
Charge for year - 56,400 1,806
Eliminated on disposal - - -
At 31 May 2024 - 882,189 37,392
NET BOOK VALUE
At 31 May 2024 703,958 319,586 10,224
At 31 May 2023 703,958 375,086 12,030

Keyspline Engineering Limited (Registered number: 02521006)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 64,430 4,591 2,021,470
Additions 19,696 - 20,596
Disposals (8,240 ) - (8,240 )
At 31 May 2024 75,886 4,591 2,033,826
DEPRECIATION
At 1 June 2023 32,907 3,930 898,212
Charge for year 12,438 217 70,861
Eliminated on disposal (6,774 ) - (6,774 )
At 31 May 2024 38,571 4,147 962,299
NET BOOK VALUE
At 31 May 2024 37,315 444 1,071,527
At 31 May 2023 31,523 661 1,123,258

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 119,536 241,960
Other debtors 136,739 35,352
256,275 277,312

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 80,613 69,931
Corporation tax 33,651 47,767
Social security and other taxes 11,015 14,005
VAT 47,842 73,526
Other creditors 501 721
Directors' current accounts 113,182 32,337
Accrued expenses 9,596 9,465
296,400 247,752