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REGISTERED NUMBER: 10283200 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

KEHUI INTERNATIONAL LIMITED

KEHUI INTERNATIONAL LIMITED (REGISTERED NUMBER: 10283200)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEHUI INTERNATIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: W A Kibart





REGISTERED OFFICE: 2 Centrus
Mead Lane
Hertford
Hertfordshire
SG13 7GX





REGISTERED NUMBER: 10283200 (England and Wales)





ACCOUNTANTS: Barker Wilkinson Limited
19-21 Middle Row
Stevenage
Hertfordshire
SG1 3AW

KEHUI INTERNATIONAL LIMITED (REGISTERED NUMBER: 10283200)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 41,958
Tangible assets 5 1,689 3,317
1,689 45,275

CURRENT ASSETS
Debtors 6 591,769 197,006
Cash at bank 188,792 81,851
780,561 278,857
CREDITORS
Amounts falling due within one year 7 358,456 292,166
NET CURRENT ASSETS/(LIABILITIES) 422,105 (13,309 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

423,794

31,966

CAPITAL AND RESERVES
Called up share capital 8 1,000,001 1,000,001
Retained earnings 9 (576,207 ) (968,035 )
SHAREHOLDERS' FUNDS 423,794 31,966

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 director acknowledges his 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.

KEHUI INTERNATIONAL LIMITED (REGISTERED NUMBER: 10283200)

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.

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

The financial statements were approved by the director and authorised for issue on 4 September 2024 and were signed by:





W A Kibart - Director


KEHUI INTERNATIONAL LIMITED (REGISTERED NUMBER: 10283200)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Kehui International 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.

The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Further, the directors of the company's parent company (see note 12) have indicated that the company will be supported financially for the foreseeable future if required by its parent company.

Therefore the financial statements for the year ended 31st December 2023 have been prepared using the going concern basis of accounting.

Significant judgements and estimates
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from those estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

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 2018, is being amortised evenly over its estimated useful life of five 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.
Office equipment - 20% on cost

Financial instruments
The director considers all financial instruments to be basic financial instruments in accordance with section 11 of FRS102. All basic financial instruments including trade and other debtors, cash and cash equivalents, and trade and other creditors, are initially recognised at transaction price and thereafter stated at amortised cost.


KEHUI INTERNATIONAL LIMITED (REGISTERED NUMBER: 10283200)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current 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.

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.

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 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 265,000
AMORTISATION
At 1 January 2023 223,042
Amortisation for year 41,958
At 31 December 2023 265,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 41,958

KEHUI INTERNATIONAL LIMITED (REGISTERED NUMBER: 10283200)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 January 2023 12,490
Additions 251
At 31 December 2023 12,741
DEPRECIATION
At 1 January 2023 9,173
Charge for year 1,879
At 31 December 2023 11,052
NET BOOK VALUE
At 31 December 2023 1,689
At 31 December 2022 3,317

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 574,574 171,175
Other debtors 17,195 25,831
591,769 197,006

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade creditors 515 45,144
Amounts owed to group undertakings 327,210 210,753
Other creditors 30,731 36,269
358,456 292,166

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: as restated
£    £   
1,000,001 Ordinary £1 1,000,001 1,000,001

KEHUI INTERNATIONAL LIMITED (REGISTERED NUMBER: 10283200)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. RESERVES
Retained
earnings
£   

At 1 January 2023 (927,722 )
Prior year adjustment (40,313 )
(968,035 )
Profit for the year 391,828
At 31 December 2023 (576,207 )

10. RELATED PARTY DISCLOSURES

During the year the company procurred goods totalling £316,369 from and made recharges totalling £134,442 to the parent company (see note 12).

11. PARENT COMPANY AND ULTIMATE CONTROLLING PARTY

Kehui Power and Automation Limited (KPA) is this company's parent company. KPA is a company registered and trading in China. It is believed that the financial statements of this company are consolidated with those of KPA.

The ultimate controlling party is believed to be Dr Bingyin Xu.