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REGISTERED NUMBER: 13468013 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

KHE Steel Fabrications Limited

KHE Steel Fabrications Limited (Registered number: 13468013)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KHE Steel Fabrications Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mrs L Clarke





REGISTERED OFFICE: Unit 4
Astwith Close
Chesterfield
Derbyshire
S42 5UR





REGISTERED NUMBER: 13468013 (England and Wales)





ACCOUNTANTS: Hadfields Chartered Certified Accountants
Commerce House
658B Chatsworth Road
Chesterfield
Derbyshire
S40 3JZ

KHE Steel Fabrications Limited (Registered number: 13468013)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 60,000 -
Tangible assets 5 136,130 120,678
196,130 120,678

CURRENT ASSETS
Stocks 82,000 86,200
Debtors 6 214,607 197,099
Cash at bank 75 118
296,682 283,417
CREDITORS
Amounts falling due within one year 7 445,111 316,618
NET CURRENT LIABILITIES (148,429 ) (33,201 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,701

87,477

CREDITORS
Amounts falling due after more than one
year

8

22,926

41,381
NET ASSETS 24,775 46,096

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 23,551 23,551
Retained earnings 1,124 22,445
24,775 46,096

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

KHE Steel Fabrications Limited (Registered number: 13468013)

Balance Sheet - continued
30 June 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 director and authorised for issue on 20 September 2024 and were signed by:





Mrs L Clarke - Director


KHE Steel Fabrications Limited (Registered number: 13468013)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

KHE Steel Fabrications 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 as modified by the revaluation of certain assets.

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 2024, is being amortised evenly over its estimated useful life of ten 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 etc - 25% on reducing balance, 20% on reducing balance and at variable rates 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.

KHE Steel Fabrications Limited (Registered number: 13468013)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

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.

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 11 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 60,000
At 30 June 2024 60,000
NET BOOK VALUE
At 30 June 2024 60,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 July 2023 125,476
Additions 37,481
Disposals (18,595 )
At 30 June 2024 144,362
DEPRECIATION
At 1 July 2023 4,798
Charge for year 5,371
Eliminated on disposal (1,937 )
At 30 June 2024 8,232
NET BOOK VALUE
At 30 June 2024 136,130
At 30 June 2023 120,678

KHE Steel Fabrications Limited (Registered number: 13468013)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 June 2024 is represented by:

Plant and
machinery
etc
£   
Valuation in 2023 23,551
Valuation in 2024 120,811
144,362

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 181,948 155,896
Amounts owed by associates - 40,984
Other debtors 32,659 219
214,607 197,099

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 166,555 147,965
Hire purchase contracts 14,827 13,497
Trade creditors 155,971 98,572
Taxation and social security 91,006 48,920
Other creditors 16,752 7,664
445,111 316,618

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 22,926 41,381

9. SECURED DEBTS

Ecapital Commercial Finance (North) Ltd holds a fixed and floating charge with a negative pledge. The floating charge covers all the property or undertaking of the company

10. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 23,551