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Company Registration No. 3948414 (England and Wales)
Keytech Systems Limited Unaudited accounts for the year ended 31 March 2023
Keytech Systems Limited Unaudited accounts Contents
Page
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Keytech Systems Limited Company Information for the year ended 31 March 2023
Directors
Robert Victor Graham Platts Ruth Elizabeth Platts Matthew Robert Alexander Platts
Company Number
3948414 (England and Wales)
Registered Office
Unit 12, The Courtyard Stenson Road Coalville Leicestershire LE67 4JP
Accountants
121 Local Accounting Ltd Unit 15, Whitwick Business Centre Stenson Road Coalville Leicestershire LE67 4JP
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Keytech Systems Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,118 
3,410 
Current assets
Inventories
113,627 
96,397 
Debtors
342,731 
176,582 
Cash at bank and in hand
10,566 
85,281 
466,924 
358,260 
Creditors: amounts falling due within one year
(89,230)
(88,555)
Net current assets
377,694 
269,705 
Net assets
380,812 
273,115 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
380,712 
273,015 
Shareholders' funds
380,812 
273,115 
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2023 and were signed on its behalf by
Robert Victor Graham Platts Director Company Registration No. 3948414
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Keytech Systems Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Keytech Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 3948414. The registered office is Unit 12, The Courtyard, Stenson Road, Coalville , Leicestershire , LE67 4JP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on net book value
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2022
9,386 
Additions
749 
At 31 March 2023
10,135 
Depreciation
At 1 April 2022
5,976 
Charge for the year
1,041 
At 31 March 2023
7,017 
Net book value
At 31 March 2023
3,118 
At 31 March 2022
3,410 
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Keytech Systems Limited Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
330,722 
173,294 
Accrued income and prepayments
701 
701 
Other debtors
11,308 
2,587 
342,731 
176,582 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
8,127 
18,631 
Trade creditors
8,113 
23,597 
Taxes and social security
34,083 
10,941 
Other creditors
590 
- 
Loans from directors
36,117 
32,925 
Accruals
2,200 
2,461 
89,230 
88,555 
7
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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