Registered number
04863969
HKE (UK) Ltd
Filleted Accounts
31 December 2023
HKE (UK) Ltd
Registered number: 04863969
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 158,436 129,965
Current assets
Debtors 4 30,215 98,859
Cash at bank and in hand 229,289 235,328
259,504 334,187
Creditors: amounts falling due within one year 5 (28,294) (64,213)
Net current assets 231,210 269,974
Net assets 389,646 399,939
Capital and reserves
Called up share capital 2 2
Profit and loss account 389,644 399,937
Shareholders' funds 389,646 399,939
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Lee Crump
Director
Approved by the board on 19 August 2024
HKE (UK) Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% on reducing balance
Motor Vehicle 20% on reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 221,478 275,593 497,071
Additions 6,400 111,075 117,475
Disposals - (184,300) (184,300)
At 31 December 2023 227,878 202,368 430,246
Depreciation
At 1 January 2023 168,783 198,323 367,106
Charge for the year 11,819 27,790 39,609
On disposals - (134,905) (134,905)
At 31 December 2023 180,602 91,208 271,810
Net book value
At 31 December 2023 47,276 111,160 158,436
At 31 December 2022 52,695 77,270 129,965
4 Debtors 2023 2022
£ £
Trade debtors 30,215 42,637
Other debtors - 56,222
30,215 98,859
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 864
Trade creditors 5,568 16,465
Taxation and social security costs 20,483 44,320
Other creditors 2,243 2,564
28,294 64,213
6 Other information
HKE (UK) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Bruges House
12 Franche Road
Kidderminster
Worcestershire
DY11 5AQ
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