Key Energy Engineering Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 14538408

		31 December 2024		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,243		455

			1,243		455
CURRENT ASSETS
Debtors	5	-		5,796
Cash at bank and in hand		123,923		58,365

		123,923		64,161
Creditors: Amounts Falling Due Within One Year	6	(45,459 )		(31,854 )

NET CURRENT ASSETS (LIABILITIES)			78,464		32,307

TOTAL ASSETS LESS CURRENT LIABILITIES			79,707		32,762

NET ASSETS			79,707		32,762

CAPITAL AND RESERVES
Called up share capital	7		4		4
Profit and Loss Account			79,703		32,758

SHAREHOLDERS' FUNDS			79,707		32,762

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

J S Dolley

Director

15 September 2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Key Energy Engineering Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14538408 . The registered office is 17 Kings Crescent West, Chester, Cheshire, CH3 5TQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The presentational currency is £ Sterling and all amounts are rounded to the nearest £.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

20% reducing balance

2.4. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.

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Key Energy Engineering Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2024	569
Additions	1,099

As at 31 December 2024	1,668

Depreciation
As at 1 January 2024	114
Provided during the period	311

As at 31 December 2024	425

Net Book Value
As at 31 December 2024	1,243

As at 1 January 2024	455

5. Debtors

	31 December 2024	31 December 2023
	£	£
Due within one year
Other debtors	-	5,796

6. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023
	£	£
Trade creditors	-	13
Other creditors	14,966	1,020
Taxation and social security	30,493	30,821

	45,459	31,854

7. Share Capital

	31 December 2024	31 December 2023
	£	£
Allotted, Called up and fully paid	4	4

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Key Energy Engineering Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Jeffrey Dolley	5,796	-	(5,796 )	-	-

The above loan was provided interest free and was repaid in full as at 1 May 2024.

9. Related Party Transactions

The director has made a loan of £13,887 available to the company during the period, interest free and repayable on demand.

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