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REGISTERED NUMBER: 11152252 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Interkey Contracting Ltd

Interkey Contracting Ltd (Registered number: 11152252)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Interkey Contracting Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr C F Nolan
Mr M Tomlinson
Mr L T Wright





REGISTERED OFFICE: Broom House
39/43 London Road
Hadleigh
Benfleet
Essex
SS7 2QL





REGISTERED NUMBER: 11152252 (England and Wales)





ACCOUNTANTS: BPSL
Brooms Professional Services Limited
Chartered Certified Accountants
Broom House
39/43 London Road
Hadleigh, Benfleet
Essex
SS7 2QL

Interkey Contracting Ltd (Registered number: 11152252)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,072 15,468

CURRENT ASSETS
Work-in-progress 492,883 485,863
Debtors 5 1,280,209 530,560
Cash at bank 1,077,807 430,867
2,850,899 1,447,290
CREDITORS
Amounts falling due within one year 6 2,092,173 899,674
NET CURRENT ASSETS 758,726 547,616
TOTAL ASSETS LESS CURRENT
LIABILITIES

768,798

563,084

CREDITORS
Amounts falling due after more than one
year

7

(9,476

)

(21,082

)

PROVISIONS FOR LIABILITIES 8 (1,914 ) (2,939 )
NET ASSETS 757,408 539,063

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 757,308 538,963
757,408 539,063

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

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

Interkey Contracting Ltd (Registered number: 11152252)

Balance Sheet - continued
31 March 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 November 2024 and were signed on its behalf by:




Mr M Tomlinson - Director Mr L T Wright - Director




Mr C F Nolan - Director


Interkey Contracting Ltd (Registered number: 11152252)

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

1. STATUTORY INFORMATION

Interkey Contracting Ltd 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.

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 - 25% on cost
Motor vehicles - 25% on cost
Equipment - 25% on cost

Work in progress
Work in progress is valued at the certified project value.

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.

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 8 (2023 - 10 ) .

Interkey Contracting Ltd (Registered number: 11152252)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Equipment Totals
£    £    £    £   
COST
At 1 April 2023 7,089 11,500 16,758 35,347
Additions - - 3,759 3,759
Disposals - (3,500 ) - (3,500 )
At 31 March 2024 7,089 8,000 20,517 35,606
DEPRECIATION
At 1 April 2023 4,182 6,592 9,105 19,879
Charge for year 1,773 2,000 4,474 8,247
Eliminated on disposal - (2,592 ) - (2,592 )
At 31 March 2024 5,955 6,000 13,579 25,534
NET BOOK VALUE
At 31 March 2024 1,134 2,000 6,938 10,072
At 31 March 2023 2,907 4,908 7,653 15,468

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,226,683 504,241
Other debtors 3,629 26,319
Prepayments and accrued income 49,897 -
1,280,209 530,560

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 9,476 10,541
Trade creditors 1,148,066 703,287
Tax 74,838 15,793
Social security and other taxes 16,931 43,572
Pension 613 680
VAT 527,856 97,718
Other Creditors 5,293 5,504
Subcontractor retentions - 6,618
Accrued expenses 309,100 15,961
2,092,173 899,674

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 9,476 10,541
Bank loans - 2-5 years - 10,541
9,476 21,082

Interkey Contracting Ltd (Registered number: 11152252)

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

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 1,914 2,939

Deferred
tax
£   
Balance at 1 April 2023 2,939
Credit to Income Statement during year (1,025 )
Balance at 31 March 2024 1,914