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Registered number: 11224473

Key Building Limited

ACCOUNTS
FOR THE YEAR ENDED 28/02/2023

Prepared By:
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

Key Building Limited

ACCOUNTS
FOR THE YEAR ENDED 28/02/2023
DIRECTORS
Charles Mandelovics
REGISTERED OFFICE
49 Mowbray Road
Edgware
Middlesex
HA8 8JL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11224473
BANKERS
Barclays
ACCOUNTANTS
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

Key Building Limited

ACCOUNTS
FOR THEYEARENDED28/02/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Key Building Limited

BALANCE SHEET AT 28/02/2023
20232022
Notes££
FIXED ASSETS
Tangible assets23,6418,157
CURRENT ASSETS
Debtors348,78148,603
Cash at bank and in hand416444
49,19749,047
CREDITORS: Amounts falling due within one year411,0897,135
NET CURRENT ASSETS38,10841,912
TOTAL ASSETS LESS CURRENT LIABILITIES41,74950,069
CREDITORS: Amounts falling due after more than one year547,22249,537
NET (LIABILITIES) / ASSETS(5,473)532
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account(5,573)432
SHAREHOLDERS' FUNDS(5,473)532
For the year ending 28/02/2023 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 27/06/2023 and signed on their behalf by
.............................
Charles Mandelovics
Director

Key Building Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28/02/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 25%
2. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/03/202214,26914,269
Disposals(8,123)(8,123)
At 28/02/20236,1466,146
Depreciation
At 01/03/20226,1126,112
Disposals(4,821)(4,821)
For the year1,2141,214
At 28/02/20232,5052,505
Net Book Amounts
At 28/02/20233,6413,641
At 28/02/20228,1578,157

Key Building Limited

3. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors7,0387,039
VAT801622
Amounts due from group companies40,94240,942
48,78148,603
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax160160
PAYE control214214
Other creditors10,7156,011
Accruals-750
11,0897,135
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr47,22249,537
47,22249,537
6. EMPLOYEES
20232022
No.No.
Average number of employees11

Key Building Limited

7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
8. CONTROLLING PARTY
The company is controlled by CM Safety Training Limited (company number 10179888) by virtue of the fact that it holds 100% of the company's issued and voting share capital.
The ultimate controlling party is C Mandelovics, the director, by virtue of the fact that, together with his spouse, he holds 100% of CM Safety Training Limited's issued and voting share capital.
9. RELATED PARTY TRANSACTIONS
During the year, certain loans were advanced to the company by C Mandelovics, the director. The loans are interest free and repayable on demand. At the year end, the balance due to the drector totalled £49 (2022: £49).