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REGISTERED NUMBER: 01870498 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Kiley Clinton Engineering Limited

Kiley Clinton Engineering Limited (Registered number: 01870498)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Kiley Clinton Engineering Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: R Clinton
Mrs P Clinton





SECRETARY: R Clinton





REGISTERED OFFICE: 52/53 Birchall Street
Birmingham
West Midlands
B12 0RP





REGISTERED NUMBER: 01870498 (England and Wales)





ACCOUNTANTS: Derek Young & Co Accountants LLP
Chartered Accountants
Estate House
Evesham Street
Redditch
Worcestershire
B97 4HP

Kiley Clinton Engineering Limited (Registered number: 01870498)

Abridged Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 12,637 13,571
12,637 13,571

CURRENT ASSETS
Stocks 62,210 64,750
Debtors 37,012 50,345
Cash at bank 65,420 32,432
164,642 147,527
CREDITORS
Amounts falling due within one year 77,176 68,066
NET CURRENT ASSETS 87,466 79,461
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,103

93,032

CREDITORS
Amounts falling due after more than one
year

6

30,286

35,800
NET ASSETS 69,817 57,232

CAPITAL AND RESERVES
Called up share capital 7 102 102
Retained earnings 69,715 57,130
SHAREHOLDERS' FUNDS 69,817 57,232

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.

Kiley Clinton Engineering Limited (Registered number: 01870498)

Abridged Balance Sheet - continued
31 December 2023


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 Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 4 March 2024 and were signed on its behalf by:





R Clinton - Director


Kiley Clinton Engineering Limited (Registered number: 01870498)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Kiley Clinton 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 represents amounts derived from the provision of goods and services falling within the company's ordinary activities, after deduction of trade discounts, value added tax and any other tax based on the amounts so derived.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1992, 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
Motor vehicles - 25% on reducing balance
Office equipment - 20% on reducing balance

Tangible fixed assets are stated at cost less depreciation.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Kiley Clinton Engineering Limited (Registered number: 01870498)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 120,000
AMORTISATION
At 1 January 2023
and 31 December 2023 120,000
NET BOOK VALUE

At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 184,598
Additions 2,365
At 31 December 2023 186,963
DEPRECIATION
At 1 January 2023 171,027
Charge for year 3,299
At 31 December 2023 174,326
NET BOOK VALUE
At 31 December 2023 12,637
At 31 December 2022 13,571

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 8,063 13,577

Kiley Clinton Engineering Limited (Registered number: 01870498)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary Shares £1 100 100
1 A Ordinary £1 1 1
1 B Ordinary £1 1 1
102 102

8. ULTIMATE CONTROLLING PARTY

The controlling parties throughout the year were the directors by virtue of their 99% holding of the company's
issued share capital.