KEYLAGO LIMITED

Company Registration Number:
SC097765 (Scotland)

Unaudited abridged accounts for the year ended 31 December 2021

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

KEYLAGO LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2021

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

KEYLAGO LIMITED

Company Information

for the Period Ended 31 December 2021




Director: Robert Wilson
Secretary: Robert Wilson
Registered office: 7 Mill Wynd
Mill Wynd
Lundin Links
Leven
Fife
KY8 6DF
Company Registration Number: SC097765 (Scotland)

KEYLAGO LIMITED

Directors' Report Period Ended 31 December 2021

The directors present their report with the financial statements of the company for the period ended 31 December 2021

Principal Activities

The Companies principal activity during the period was the manufacture of special purpose machinery

Directors

The directors shown below have held office during the whole of the period from 01 January 2021 to 31 December 2021
Robert Wilson

Secretary
Robert Wilson

This report was approved by the board of directors on 1 August 2022
And Signed On Behalf Of The Board By:

Name: Robert Wilson
Status: Director

KEYLAGO LIMITED

Profit and Loss Account

for the Period Ended 31 December 2021


Notes

2021
£

2020
£
Gross Profit or (Loss) ( 1,514 ) ( 3,442 )
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 0 ) ( 0 )
Operating Profit or (Loss) ( 1,514 ) ( 3,442 )
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 0 ) ( 0 )
Profit or (Loss) Before Tax ( 1,514 ) ( 3,442 )
Tax on Profit ( 0 ) ( 0 )
Profit or (Loss) for Period ( 1,514 ) ( 3,442 )

The notes form part of these financial statements

KEYLAGO LIMITED

Balance sheet

As at 31 December 2021


Notes

2021
£

2020
£
Fixed assets
Tangible assets: 4 16,780 17,426
Total fixed assets: 16,780 17,426
Current assets
Stocks: 0 0
Debtors: 0 0
Cash at bank and in hand: 57 48
Total current assets: 57 48
Net current assets (liabilities): 57 48
Total assets less current liabilities: 16,837 17,474
Creditors: amounts falling due after more than one year: ( 48,688 ) ( 47,811 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): ( 31,851 ) ( 30,337 )

The notes form part of these financial statements

KEYLAGO LIMITED

Balance sheet continued

As at 31 December 2021


Notes

2021
£

2020
£
Capital and reserves
Called up share capital: 3,000 3,000
Profit and loss account: ( 34,851 ) ( 33,337 )
Shareholders funds: ( 31,851 ) ( 30,337 )

For the year ending 31 December 2021 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 1 August 2022
And Signed On Behalf Of The Board By:

Name: Robert Wilson
Status: Director

The notes form part of these financial statements

KEYLAGO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

KEYLAGO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

  • 2. Employees


    2021

    2020
    Average number of employees during the period 1 1

KEYLAGO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

  • 3. Off balance sheet disclosure

    No

KEYLAGO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Tangible Assets

Total
Cost £
At 01 January 2021 33,280
Additions 0
Disposals (0)
Revaluations 0
Transfers 0
At 31 December 2021 33,280
Depreciation
At 01 January 2021 15,854
Charge for year 646
On disposals (0)
Other adjustments 0
At 31 December 2021 16,500
Net book value
At 31 December 2021 16,780
At 31 December 2020 17,426