Kege Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04792510 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

KEGE LIMITED

TRADING AS

TAIL LIFT ENGINEERING/ MOBILITY

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R K Airey

Mr G S J Powell

Mrs J Powell

Mr C R Brereton

REGISTERED OFFICE:

Unit 15

Sefton Lane Industrial Estate

Sefton Lane

Maghull

Merseyside

L31 8BX

REGISTERED NUMBER:

04792510 (England and Wales)

ACCOUNTANTS:

Hanleys

Chartered Accountants

Spring Court

Spring Road

Hale

Altrincham

Cheshire

WA14 2UQ

FIXED ASSETS

Tangible assets

4

320,093

353,254

CURRENT ASSETS

Stocks

201,084

193,177

Debtors

5

184,496

335,192

Cash at bank and in hand

445,022

200,873

830,602

729,242

CREDITORS

Amounts falling due within one year

6

320,081

234,968

NET CURRENT ASSETS

510,521

494,274

TOTAL ASSETS LESS CURRENT LIABILITIES

830,614

847,528

PROVISIONS FOR LIABILITIES

14,857

20,638

NET ASSETS

815,757

826,890

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

814,757

825,890

SHAREHOLDERS' FUNDS

815,757

826,890

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 29 March 2021 and were signed on its behalf by:

Mr R K Airey - Director

1.	STATUTORY INFORMATION

Kege Limited 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 represents net invoiced sales of goods, excluding value added tax and is recognised in the period to which it relates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

1% on cost

Plant and equipment

-

15% on reducing balance

Office equipment

-

25% on reducing balance

Motor vehicles

-

40% on reducing balance

Computer equipment

-

33.33% 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.

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 22 (2019 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Long

Plant and

Office

leasehold

equipment

equipment

£

£

£

COST

At 1 January 2020

273,602

78,037

24,906

Additions

-

1,750

-

Disposals

-

-

-

At 31 December 2020

273,602

79,787

24,906

DEPRECIATION

At 1 January 2020

28,969

42,289

18,986

Charge for year

2,736

5,427

1,480

Eliminated on disposal

-

-

-

At 31 December 2020

31,705

47,716

20,466

NET BOOK VALUE

At 31 December 2020

241,897

32,071

4,440

At 31 December 2019

244,633

35,748

5,920

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2020

336,916

6,870

720,331

Additions

-

1,556

3,306

Disposals

(4,500

)

-

(4,500

)

At 31 December 2020

332,416

8,426

719,137

DEPRECIATION

At 1 January 2020

271,390

5,443

367,077

Charge for year

26,179

566

36,388

Eliminated on disposal

(4,421

)

-

(4,421

)

At 31 December 2020

293,148

6,009

399,044

NET BOOK VALUE

At 31 December 2020

39,268

2,417

320,093

At 31 December 2019

65,526

1,427

353,254

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade debtors

163,183

268,826

Other debtors

2,480

8,662

Directors' current accounts

10,200

55,000

Accrued income

6,288

-

Prepayments

2,345

2,704

184,496

335,192

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Bank loans and overdrafts

-

34,418

Trade creditors

36,649

38,531

Taxation

30,814

39,471

Social security and other taxes

157,699

66,452

Other creditors

2,325

-

Directors' current accounts

51,196

16,196

Sundry creditors and accruals

41,398

39,900

320,081

234,968

7.	SECURED DEBTS

A legal mortgage was created on the 18th October 2007, securing all monies due or to become due from the company to HSBC Bank PLC on any account whatsoever.

A debenture was created on the 8th November 2007, securing all monies due or to become due to HSBC Bank PLC on any account whatsoever.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.20

31.12.19

value:

£

£

950

Ordinary A

£1

950

950

50

Ordinary B

£1

50

50

1,000

1,000

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr R K Airey who owns 95% of the issued shares.