"it turns over weather the key is pulled out or not"
What are you calling the key? Has somebody actually added asome kind of key and/or solenoid? Where you say "pulled out" I wonder if you're talking about the pull-out-to-run, push-in-to-stop button switch. If so, yes the tractor will crank no matter where that switch button is -- it controls only the current to the coil and has nothing to do with the starter.
And if that's the case, I dont' know the history and couldn't rule out you having other ignition issues to deal with, but it may be that all you've done is flood it, if you cranked it for any amount of time with the ignition off. Those 113/123 motors wouldn't take more than one or two cranks at full choke with the ignition on, and not too many more even without the choke before they'd flood. If the ignition was off when you cranked it, you need to consider that maybe you were just flooded. . .
If you truly have no fire/spark, then it's another ball of wax. Pull any plug wire from the plug. Place the plug-end terminal near (1/16"-1/8") a ground (the clip on your distributor cap is good). With the ignition ON and the fuel valve on the sediment bowl CLOSED (Why flood her any further?) see if you get spark when the tractor is cranked. The spark from the wire to ground might have some yellow with it, but should give the general impression of being blue. If so, then it may just have been flooding. If not, then have a good look at your ignition.
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