Keith Humphreys Limited


FINANCIAL STATEMENTS


for the year ended 31st July 2024



Keith Humphreys Limited

CONTENTS

for the year ended 31st July 2024







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Keith Humphreys Limited

Company No. 10284036

STATEMENT OF FINANCIAL POSITION

as at 31st July 2024

20242023
Note£££
FIXED ASSETS
Property, plant and equipment43472710746
3472710746
CURRENT ASSETS
Debtors5167084112540
Cash at bank and in hand3264119052
199725131592
CURRENT LIABILITIES
Creditors: amounts falling due
within one year6170535125040
NET CURRENT ASSETS291906552
TOTAL ASSETS LESS CURRENT LIABILITIES6391717298
 
Creditors: amounts falling due
after more than one year7637312103
 
NET ASSETS575445195
 
CAPITAL AND RESERVES
Called up share capital1010
Retained earnings575345185
SHAREHOLDERS FUNDS575445195

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 31st July 2024 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and 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.

Approved by the Board on 24 April 2025


Keith John Humphreys

Director

Company Number 10284036 (England)

Keith Humphreys Limited

NOTES TO THE ACCOUNTS

for the year ended 31st July 2024


1   Statutory information

Keith Humphreys Limited is a private company limited by shares and registered under company number 10284036 in England. Its registered office address is 17 Burleigh Avenue, Sidcup, Kent, England, DA15 8QA.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, 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, machinery and vehicles25% Reducing balance method

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

Leasing and hire purchase commitments

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the Company, are capitalised in the Statement of Financial Position and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the Statement of Financial Position as a liability.

The interest element of the rental obligations is charged to the Income Statement over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Pensions

The Company operates a defined contribution pension scheme. Contributions are charged to the Income Statement as they become payable in accordance with the rules of the scheme.

3   Employee information

The average number of employees during the accounting period was 4 (2023 - 4).

4   Property, plant and equipment
 
PlantFixtures
Motorandand
VehiclesMachineryFittingsTotal
££££
Cost
At 1st August 2023 2298010186365436820
Additions35558--35558
At 31st July 20245853810186365472378
 
Depreciation
At 1st August 2023 188315895134826074
Charge for year9927107357711577
At 31st July 2024287586968192537651
 
Net Book Value
At 31st July 2024297803218172934727
At 31st July 202341494291230610746

5   Debtors20242023
££
 
Trade Debtors14685761135
Other debtors1993651114
Prepayments and accrued income291291
167084112540

6   Creditors: amounts falling due within one year20242023
££
 
Loans and Overdrafts319076373
Corporation tax2511610444
Taxes and social security costs3631836918
Other creditors7556460255
Accruals and deferred income163011050
170535125040

7   Creditors: amounts falling due after one year20242023
££
 
Loans and Overdrafts637312103
637312103

8   Loans20242023
££
Analysis of maturity of debt:
 
Within one year319076373
Between one and five years637312103
3828018476

9   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

20242023
££
 
Keith John Humphreys7556452819
7556452819

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