Keyrental Limited,Ltd - AccountsLtd - Accounts

Keyrental Limited,Ltd - AccountsLtd - Accounts

KEYRENTAL LIMITED - Company Information

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2018-11-01 06724139 2019-10-31 06724139 2018-11-01 2019-10-31 06724139 2018-10-31 06724139 2017-11-01 2018-10-31 06724139 uk-core:WithinOneYear 2018-10-31 06724139 uk-core:WithinOneYear 2019-10-31 06724139 uk-core:AfterOneYear 2018-10-31 06724139 uk-core:AfterOneYear 2019-10-31 06724139 uk-core:ShareCapital 2019-10-31 06724139 uk-core:ShareCapital 2018-10-31 06724139 uk-core:RetainedEarningsAccumulatedLosses 2019-10-31 06724139 uk-core:RetainedEarningsAccumulatedLosses 2018-10-31 06724139 uk-bus:Director1 2018-11-01 2019-10-31 06724139 uk-core:PlantMachinery 2018-11-01 2019-10-31 06724139 uk-core:ComputerEquipment 2018-11-01 2019-10-31 06724139 uk-core:Vehicles 2018-11-01 2019-10-31 06724139 uk-core:FurnitureFittingsToolsEquipment 2018-11-01 2019-10-31 06724139 uk-core:ComputerEquipment 2018-10-31 06724139 uk-core:FurnitureFittingsToolsEquipment 2018-10-31 06724139 uk-core:Vehicles 2018-10-31 06724139 uk-core:PlantMachinery 2018-10-31 06724139 uk-core:LeaseholdImprovements uk-core:LeasedAssetsHeldAsLessee 2018-10-31 06724139 uk-core:LeaseholdImprovements uk-core:LeasedAssetsHeldAsLessee 2018-11-01 2019-10-31 06724139 uk-core:LeaseholdImprovements uk-core:LeasedAssetsHeldAsLessee 2019-10-31 06724139 uk-core:Vehicles 2019-10-31 06724139 uk-core:FurnitureFittingsToolsEquipment 2019-10-31 06724139 uk-core:ComputerEquipment 2019-10-31 06724139 uk-core:PlantMachinery 2019-10-31 iso4217:GBP xbrli:pure 06724139 uk-bus:AuditExemptWithAccountantsReport 2018-11-01 2019-10-31 06724139 uk-bus:FRS102 2018-11-01 2019-10-31 06724139 uk-bus:FullAccounts 2018-11-01 2019-10-31 06724139 uk-bus:PrivateLimitedCompanyLtd 2018-11-01 2019-10-31
Keyrental Limited
Registered Number:06724139
For the year ended 31 October 2019
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2019
Keyrental Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 October 2019
Keyrental Limited
Statement of Financial Position
Registered Number :
06724139
£
£
2018
2019
Notes
Fixed assets
Property, plant and equipment
305,685
98,870
2
305,685
98,870
Current assets
Inventories
15,980
17,012
3
Trade and other receivables
177,525
138,415
4
50,679
Cash and cash equivalents
32,025
187,452
244,184
Trade and other payables: amounts falling due within one year
(400,486)
(591,771)
5
(156,302)
(404,319)
Net current liabilities
Total assets less current liabilities
(98,634)
(57,432)
Trade and other payables: amounts falling due after more than one year
(10,645)
(114,139)
6
(212,773)
Net liabilities
(68,077)
Capital and reserves
Called up share capital
2
2
Retained earnings
(212,775)
(68,079)
(212,773)
(68,077)
Shareholders' funds
For the year ended 31 October 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Kurt Eyre Director
These financial statements were approved and authorised for issue by the Board on 13 July 2020 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 October 2019
Keyrental Limited
Notes to the Financial Statements
Statutory Information
Keyrental Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 06724139.
Registered address:
Moorhead House
Moorhead Way, Off Bawtry Road
Bramley
Rotherham
S66 1YY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
10% Straight line
25% Straight line
Computer equipment
25% Straight line
Motor vehicles
25% Straight line
Fixtures and fittings
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and fittings
Motor vehicles
Plant and
machinery
Land and buildings
£
£
£
£
£
£
Cost or valuation
At 01 November
2018
309,242
11,394
96,034
187,061
14,753
-
262,699
-
70,695
187,640
639
3,725
Additions
-
-
(9,086)
-
-
Disposals
(9,086)
At 31 October 2019
3,725
365,615
166,729
11,394
562,855
15,392
Provision for depreciation and impairment
At 01 November
2018
210,372
1,187
34,448
174,338
399
-
Charge for year
55,884
2,848
12,666
38,859
1,511
-
(9,086)
-
-
(9,086)
-
-
On disposal
At 31 October 2019
257,170
4,035
47,114
204,111
1,910
-
At 31 October 2019
Net book value
3,725
13,482
161,504
119,615
7,359
305,685
-
14,354
12,723
61,586
10,207
98,870
At 31 October 2018
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5
For the year ended 31 October 2019
Keyrental Limited
Notes to the Financial Statements Continued
The net book value of tangible fixed assets includes £161,504 (2018: £12,723) in respect of assets held under finance leases or hire
purchase contracts. The depreciation charge in respect of such assets amounted to £38,859 (2018: £25,981).
3. Inventories
2018
2019
£
£
Stocks
17,012
15,980
4. Trade and other receivables
2018
2019
£
£
Trade debtors
79,800
69,073
Other debtors
58,615
108,452
177,525
138,415
5. Trade and other payables: amounts falling due within one year
2018
2019
£
£
Trade creditors
77,156
55,139
Taxation and social security
20,818
13,810
Other creditors
493,797
331,537
591,771
400,486
6. Trade and other payables: amounts falling due after more than one year
2018
2019
£
£
Other creditors
114,139
10,645
7. Related party transactions
Included within Other Creditors is £401,219 (2018: £256,219) owed to United Carpets Holdings Limited, a company owned by a family
member.
8. Average number of persons employed
During the year the average number of employees was 22 (2018 : 19)
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