2 2 Keystone Structural Engineering (SW) Limited 8524925 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is structral engineering Digita Accounts Production Advanced 6.30.9574.0 true 8524925 2023-06-01 2024-05-31 8524925 2024-05-31 8524925 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 8524925 core:FurnitureFittingsToolsEquipment 2024-05-31 8524925 core:MotorVehicles 2024-05-31 8524925 bus:SmallEntities 2023-06-01 2024-05-31 8524925 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 8524925 bus:FilletedAccounts 2023-06-01 2024-05-31 8524925 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 8524925 bus:RegisteredOffice 2023-06-01 2024-05-31 8524925 bus:CompanySecretary1 2023-06-01 2024-05-31 8524925 bus:Director1 2023-06-01 2024-05-31 8524925 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 8524925 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 8524925 core:MotorVehicles 2023-06-01 2024-05-31 8524925 countries:UnitedKingdom 2023-06-01 2024-05-31 8524925 2023-05-31 8524925 core:FurnitureFittingsToolsEquipment 2023-05-31 8524925 core:MotorVehicles 2023-05-31 8524925 2022-06-01 2023-05-31 8524925 2023-05-31 8524925 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 8524925 core:FurnitureFittingsToolsEquipment 2023-05-31 8524925 core:MotorVehicles 2023-05-31 xbrli:pure iso4217:GBP

Registration number: 8524925

Keystone Structural Engineering (SW) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Keystone Structural Engineering (SW) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Keystone Structural Engineering (SW) Limited

Company Information

Director

Mr Dudley James Lenard Hill

Company secretary

Rebecca Dawn Hill

Registered office

201 Risca Road
Newport
Gwent
NP20 3PQ

Accountants

AIMS Accountants for Business
 
C12
12 Cathedral Road
Cardiff
CF11 9LJ

 

Keystone Structural Engineering (SW) Limited

(Registration number: 8524925)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

27,708

36,943

Current assets

 

Cash at bank and in hand

 

36,630

26,355

Creditors: Amounts falling due within one year

5

(6,952)

(5,895)

Net current assets

 

29,678

20,460

Net assets

 

57,386

57,403

Capital and reserves

 

Called up share capital

100

100

Retained earnings

57,286

57,303

Shareholders' funds

 

57,386

57,403

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 January 2025
 

.........................................
Mr Dudley James Lenard Hill
Director

 

Keystone Structural Engineering (SW) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
201 Risca Road
Newport
Gwent
NP20 3PQ

These financial statements were authorised for issue by the director on 10 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Keystone Structural Engineering (SW) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% of reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

Keystone Structural Engineering (SW) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 June 2023

5,075

61,830

66,905

At 31 May 2024

5,075

61,830

66,905

Depreciation

At 1 June 2023

1,269

28,693

29,962

Charge for the year

951

8,284

9,235

At 31 May 2024

2,220

36,977

39,197

Carrying amount

At 31 May 2024

2,855

24,853

27,708

At 31 May 2023

3,806

33,137

36,943

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

5,915

5,087

Accruals and deferred income

720

720

Other creditors

317

88

6,952

5,895