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REGISTERED NUMBER: 12418077 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Keystone Design and Build Limited

Keystone Design and Build Limited (Registered number: 12418077)

Contents of the Financial Statements
for the Year Ended 31 January 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Keystone Design and Build Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Mr P S Bradbury
Mrs J A Bradbury
Mr J C Harvey
Mrs J M Harvey





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





BUSINESS ADDRESS: 19 Ramsey Road
Warboys
HUNTINGDON
PE28 2RW





REGISTERED NUMBER: 12418077 (England and Wales)

Keystone Design and Build Limited (Registered number: 12418077)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,406 1,875

CURRENT ASSETS
Stocks 285,339 198,905
Debtors 6 346 14,696
Cash at bank 4,529 24,991
290,214 238,592
CREDITORS
Amounts falling due within one year 7 303,024 245,542
NET CURRENT LIABILITIES (12,810 ) (6,950 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,404

)

(5,075

)

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings (11,408 ) (5,079 )
SHAREHOLDERS' FUNDS (11,404 ) (5,075 )

Keystone Design and Build Limited (Registered number: 12418077)

Balance Sheet - continued
31 January 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 11 October 2023 and were signed on its behalf by:




Mr P S Bradbury - Director Mrs J A Bradbury - Director




Mr J C Harvey - Director Mrs J M Harvey - Director


Keystone Design and Build Limited (Registered number: 12418077)

Notes to the Financial Statements
for the Year Ended 31 January 2023


1. STATUTORY INFORMATION

Keystone Design and Build 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

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.

Keystone Design and Build Limited (Registered number: 12418077)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


3. ACCOUNTING POLICIES - continued

Going concern
The Company incurred a loss for the year and as at the year end has, as disclosed on the balance sheet, net liabilities. The financial statements are prepared on the going concern basis on the assumption that the Company will continue to receive sufficient financial support from its shareholders to provide sufficient funds to enable it to meet its liabilities as they fall due.

Work in progress
Work in progress is stated at the lower of costs and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable labour costs and those overheads that have been incurred in bringing the work in progress to their present location and condition.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 2,500
DEPRECIATION
At 1 February 2022 625
Charge for year 469
At 31 January 2023 1,094
NET BOOK VALUE
At 31 January 2023 1,406
At 31 January 2022 1,875

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 346 14,696

Other debtors includes prepayments of £257 (2022 - £195), VAT balance of £89 (2022 - £2,101), and payments in advance of £nil (2022 - £12,400).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1 5,155
Other creditors 303,023 240,387
303,024 245,542

Keystone Design and Build Limited (Registered number: 12418077)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Other creditors includes accruals of £147 (2022 - £147) and directors loan account balances of £302,876 (2022 - £240,240).