KEYSHEL INTERIORS (04) LIMITED


Directors	Thomas Coton
	Darrell Knights
	Thomas Nimmo


Company Secretary	NIMMO, Marie


Registered Address	Keyshel House
	Bank Street
	Lutterworth
	LE17 4AG


Registered Number	05015474 (England and Wales)

Statement of Financial Position
31 January 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		757,968		551,426
			757,968		551,426
Current assets
Stocks	4	461,436		261,431
Debtors		254,412		493,118
Cash at bank and on hand		343,504		92,002
		1,059,352		846,551
Creditors amounts falling due within one year	5	(708,027)		(395,031)
Net current assets (liabilities)			351,325		451,520
Total assets less current liabilities			1,109,293		1,002,946
Creditors amounts falling due after one year	6		(107,358)		(48,719)
Net assets			1,001,935		954,227
Capital and reserves
Called up share capital			12		12
Other reserves			90		90
Profit and loss account			1,001,833		954,125
Shareholders' funds			1,001,935		954,227

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 31 October 2026, and are signed on its behalf by:

Thomas Nimmo
Director
Registered Company No. 05015474

KEYSHEL INTERIORS (04) LIMITED

Notes to the Financial Statements
for the year ended 31 January 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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 sale of goods and from the rendering of services.

	Operating leases
	Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Plant and machinery	25
	Fixtures and fittings	25
	Vehicles	25
	Office Equipment	25

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	10		10

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 February 25	51,777	61,842	531,847	127,529	772,995
Additions	-	11,455	628,036	8,229	647,720
Disposals	-	-	(329,879)	-	(329,879)
At 31 January 26	51,777	73,297	830,004	135,758	1,090,836
Depreciation and impairment
At 01 February 25	-	36,347	88,848	96,374	221,569
Charge for year	-	7,081	136,911	9,184	153,176
On disposals	-	-	(41,877)	-	(41,877)
At 31 January 26	-	43,428	183,882	105,558	332,868
Net book value
At 31 January 26	51,777	29,869	646,122	30,200	757,968
At 31 January 25	51,777	25,495	442,999	31,155	551,426

4.	Stocks

	2026	2025
	£	£
Work in progress	461,436	261,431
Total	461,436	261,431

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	454,818	180,126
Bank borrowings and overdrafts	83,520	10,000
Taxation and social security	169,689	204,905
Total	708,027	395,031

6.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	107,358	48,719
Total	107,358	48,719