1 July 2023 v2024.39.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP106978012023-07-012024-06-30106978012024-06-30106978012023-06-3010697801core:WithinOneYear2024-06-3010697801core:WithinOneYear2023-06-3010697801core:AfterOneYear2024-06-3010697801core:AfterOneYear2023-06-3010697801core:ShareCapital2024-06-3010697801core:ShareCapital2023-06-3010697801core:RetainedEarningsAccumulatedLosses2024-06-3010697801core:RetainedEarningsAccumulatedLosses2023-06-3010697801bus:Director12023-07-012024-06-3010697801bus:Director22023-07-012024-06-3010697801bus:RegisteredOffice2023-07-012024-06-3010697801core:LandBuildings2023-07-012024-06-3010697801core:PlantMachinery2023-07-012024-06-3010697801core:FurnitureFittings2023-07-012024-06-30106978012022-07-012023-06-3010697801core:LandBuildings2023-07-0110697801core:PlantMachinery2023-07-01106978012023-07-0110697801core:LandBuildings2024-06-3010697801core:PlantMachinery2024-06-3010697801core:PlantMachinery2023-06-301069780112023-07-012024-06-3010697801countries:EnglandWales2023-07-012024-06-3010697801bus:AuditExempt-NoAccountantsReport2023-07-012024-06-3010697801bus:PrivateLimitedCompanyLtd2023-07-012024-06-3010697801bus:SmallEntities2023-07-012024-06-3010697801bus:FullAccounts2023-07-012024-06-30
Company registration number:
10697801
THE ESCAPE KEY LIMITED
Unaudited Filleted Financial Statements for the year ended
30 June 2024
THE ESCAPE KEY LIMITED
Statement of Financial Position
30 June 2024
20242023
Note££
Fixed assets    
Tangible assets 5
5,216
 
7,310
 
Current assets    
Debtors 6
8,557
 
24,878
 
Cash at bank and in hand
39,898
 
57,037
 
48,455
 
81,915
 
Creditors: amounts falling due within one year 7
(24,603
)
(32,665
)
Net current assets
23,852
 
49,250
 
Total assets less current liabilities 29,068   56,560  
Creditors: amounts falling due after more than one year 8
(8,125
)
(15,625
)
Provisions for liabilities
(147
)
(147
)
Net assets
20,796
 
40,788
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
20,696
 
40,688
 
Shareholders funds
20,796
 
40,788
 
For the year ending
30 June 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
19 August 2024
, and are signed on behalf of the board by:
Mr Martin Thomas Ashburn
Mr Michael Robert Ashburn
DirectorDirector
Company registration number:
10697801
THE ESCAPE KEY LIMITED
Notes to the Financial Statements
Year ended
30 June 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
60-62 St Andrews Street
,
Newcastle upon Tyne
,
NE1 5SF
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods and services supplied, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
Straight line over 4 years
Plant and machinery
50% reducing balance
Fixtures and fittings
25% straight line

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
13
(2023:
16
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 July 2023
9,824
 
66,068
 
75,892
 
Additions -  
467
 
467
 
At
30 June 2024
9,824
 
66,535
 
76,359
 
Depreciation      
At
1 July 2023
9,824
 
58,758
 
68,582
 
Charge -  
2,561
 
2,561
 
At
30 June 2024
9,824
 
61,319
 
71,143
 
Carrying amount      
At
30 June 2024
-  
5,216
 
5,216
 
At 30 June 2023 -  
7,310
 
7,310
 

6 Debtors

20242023
££
Trade debtors -  
839
 
Other debtors
8,557
 
24,039
 
8,557
 
24,878
 

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
7,503
 
7,500
 
Taxation and social security
2,512
 
13,320
 
Other creditors
14,588
 
11,845
 
24,603
 
32,665
 

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
8,125
 
15,625