KEYWEST ELECTRONICS LIMITED

Company Registration Number:
03704640 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

KEYWEST ELECTRONICS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

KEYWEST ELECTRONICS LIMITED

Company Information

for the Period Ended 31 March 2023




Director: Clive Richard Marflow
Matthew Peter Naylor
Secretary: Matthew Peter Naylor
Registered office: 13
Walthew Green
Roby Mill
Upholland
Lancashire
WN8 0QT
Company Registration Number: 03704640 (England and Wales)

KEYWEST ELECTRONICS LIMITED

Balance sheet

As at 31 March 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 1,826 1,969
Total fixed assets: 1,826 1,969
Current assets
Stocks: 6,000 7,000
Debtors: 15,415 14,757
Cash at bank and in hand: 9,377 20,640
Total current assets: 30,792 42,397
Creditors: amounts falling due within one year: ( 3,703 ) ( 697 )
Net current assets (liabilities): 27,089 41,700
Total assets less current liabilities: 28,915 43,669
Accruals and deferred income: ( 11,808 ) ( 29,043 )
Total net assets (liabilities): 17,107 14,626

The notes form part of these financial statements

KEYWEST ELECTRONICS LIMITED

Balance sheet continued

As at 31 March 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 16,107 13,626
Shareholders funds: 17,107 14,626

For the year ending 31 March 2023 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 2 October 2023
And Signed On Behalf Of The Board By:

Name: Clive Richard Marflow
Status: Director

The notes form part of these financial statements

KEYWEST ELECTRONICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 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

    Turnover policy

    Turnover represents amounts invoiced and the sales value of uninvoiced work

    Tangible fixed assets depreciation policy

    Depreciation of tangible assets is calculated to write off their cost over their estimated useful lives at the following rates:
    Plant & equipment - 20% of written down value

KEYWEST ELECTRONICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 2 2

KEYWEST ELECTRONICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 3. Off balance sheet disclosure

    No

KEYWEST ELECTRONICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible Assets

Total
Cost £
At 01 April 2022 7,107
Additions 313
Disposals -
Revaluations -
Transfers -
At 31 March 2023 7,420
Depreciation
At 01 April 2022 5,138
Charge for year 456
On disposals -
Other adjustments -
At 31 March 2023 5,594
Net book value
At 31 March 2023 1,826
At 31 March 2022 1,969