REGISTERED NUMBER: 10409063 (England and Wales)

Unaudited Financial Statements for the Year Ended 29 September 2024

for

Key Part Solutions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr. R J Hooson

Mr. B Shaw

REGISTERED OFFICE:

Dunkirk Mills

Dunkirk Street

Halifax

West Yorkshire

HX1 3TB

REGISTERED NUMBER:

10409063 (England and Wales)

ACCOUNTANTS:

Crowther Chartered Accountants

Abacus House

Pennine Business Park

Longbow Close

Huddersfield

West Yorkshire

HD2 1GQ

FIXED ASSETS

Tangible assets

4

205,573

157,702

CURRENT ASSETS

Stocks

5

102,275

113,000

Debtors

6

405,156

420,924

Cash at bank and in hand

17,401

1,099

524,832

535,023

CREDITORS

Amounts falling due within one year

7

499,140

537,670

NET CURRENT ASSETS/(LIABILITIES)

25,692

(2,647

)

TOTAL ASSETS LESS CURRENT LIABILITIES

231,265

155,055

CREDITORS

Amounts falling due after more than one year

8

71,111

58,441

NET ASSETS

160,154

96,614

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

160,054

96,514

SHAREHOLDERS' FUNDS

160,154

96,614

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 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.

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 16 September 2025 and were signed on its behalf by:

Mr. R J Hooson - Director

Mr. B Shaw - Director

1.	STATUTORY INFORMATION

Key Part Solutions 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.

Leasehold improvements

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 9 (2023 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Plant and

and

improvements

machinery

fittings

£

£

£

COST

At 30 September 2023

28,000

164,845

108

Additions

-

52,176

-

At 29 September 2024

28,000

217,021

108

DEPRECIATION

At 30 September 2023

1,120

68,103

20

Charge for year

560

20,628

13

At 29 September 2024

1,680

88,731

33

NET BOOK VALUE

At 29 September 2024

26,320

128,290

75

At 29 September 2023

26,880

96,742

88

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 30 September 2023

48,215

821

241,989

Additions

26,767

578

79,521

At 29 September 2024

74,982

1,399

321,510

DEPRECIATION

At 30 September 2023

14,314

730

84,287

Charge for year

10,214

235

31,650

At 29 September 2024

24,528

965

115,937

NET BOOK VALUE

At 29 September 2024

50,454

434

205,573

At 29 September 2023

33,901

91

157,702

5.

STOCKS

29.9.24

29.9.23

£

£

Stocks

102,275

113,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.9.24

29.9.23

£

£

Trade debtors

254,649

294,843

Amounts owed by associates

24,749

20,699

Other debtors

1,056

1,056

Directors' loan accounts

124,702

104,326

405,156

420,924

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.9.24

29.9.23

£

£

Bank loans and overdrafts (see note 9)

10,020

10,000

Other loans (see note 9)

7,640

5,382

Hire purchase contracts

46,823

33,170

Trade creditors

80,104

101,842

Factoring account

230,415

225,771

Amounts owed to associates

32,987

101,669

Social security and other tax

50,672

23,301

VAT

35,446

31,843

Pension fund

249

170

Accrued expenses

4,784

4,522

499,140

537,670

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.9.24

29.9.23

£

£

Bank loans (see note 9)

6,667

16,667

Hire purchase contracts

64,444

41,774

71,111

58,441

9.

LOANS

An analysis of the maturity of loans is given below:

29.9.24

29.9.23

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

20

-

Bank loans

10,000

10,000

Other loans

7,640

5,382

17,660

15,382

Amounts falling due between one and two years:

Bank loans - 1-2 years

6,667

10,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

6,667

10.	SECURED DEBTS

The following secured debts are included within creditors:

29.9.24

29.9.23

£

£

Bank loans

16,667

26,667

Other loans

7,640

5,382

Hire purchase contracts

111,267

74,944

Factoring account

-

225,771

135,574

332,764

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 September 2024 and 29 September 2023:

29.09.24

29.09.23

£

£

Director 1 & 2

Balance outstanding at start of year

104,326

85,707

Amounts advanced

155,404

125,505

Amounts repaid

(135,028

)

(106,886

)

Balance outstanding at end of year

124,702

104,326

12.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £20,234 (2023 - £17,774) from SCH Renewable Energies Limited. Mr R Hooson and Mr B Shaw, directors in Key Part Solutions Ltd are also directors in SCH Renewable Energies Limited.

At the balance sheet date, the company owed £32,987 (2023 - £101,669) to SCH Commercial Properties Limited. Mr R Hooson and Mr B Shaw, directors in Key Part Solutions Ltd are also directors in SCH Commercial Properties Limited.

At the balance sheet date, the company was owed £3,561 (2023 - £2,661) from Vandalite Partnership. Mr R Hooson and Mr B Shaw, directors in Key Part Solutions Ltd are partners in Vandalite Partnership.

At the balance sheet date, the company was owed £559 (2023 - £132) from KPS Graphics Ltd. Mr R Hooson and Mr B Shaw, directors in Key Part Solutions Ltd are partners in KPS Graphics Ltd.

At the balance sheet date, the company was owed £145 (2023 - £132) from Campervan Trade parts Ltd. Mr R Hooson and Mr B Shaw, directors in Key Part Solutions Ltd are partners in Campervan Trade parts Ltd.

At the balance sheet date, the company was owed £250 (2023 - £NIL) from Vandaled Technologies Ltd. Mr R Hooson and Mr B Shaw, directors in SCH Commercial Properties Limited are also directors in Vandaled Technologies Ltd.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is its directors.