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REGISTERED NUMBER: 09440628 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 FEBRUARY 2023

FOR

KEYONE'S LIMITED

KEYONE'S LIMITED (REGISTERED NUMBER: 09440628)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KEYONE'S LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 27 FEBRUARY 2023







DIRECTOR: M J Keys





REGISTERED OFFICE: Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR





REGISTERED NUMBER: 09440628 (England and Wales)





ACCOUNTANTS: MDG Business Associates Limited
Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR

KEYONE'S LIMITED (REGISTERED NUMBER: 09440628)

BALANCE SHEET
27 FEBRUARY 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 2,110 1,600
Cash at bank and in hand 24,186 24,639
26,296 26,239
CREDITORS
Amounts falling due within one year 7 69,431 58,108
NET CURRENT LIABILITIES (43,135 ) (31,869 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(43,135

)

(31,869

)

CREDITORS
Amounts falling due after more than one year 8 44,083 53,685
NET LIABILITIES (87,218 ) (85,554 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (87,219 ) (85,555 )
SHAREHOLDERS' FUNDS (87,218 ) (85,554 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 15 October 2023 and were signed by:





M J Keys - Director


KEYONE'S LIMITED (REGISTERED NUMBER: 09440628)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 FEBRUARY 2023

1. STATUTORY INFORMATION

Keyone's 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.

After making enquires, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts received for goods supplied and services rendered, stated net of discounts and Value Added Tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

The coronavirus job retention scheme
The Coronavirus Job Retention Scheme (CJRS) is a government wage support measure. It is designed to protect jobs in the wake of the economic impacts of the Covid-19 pandemic, and to support employers to continue paying wages. The CJRS allows employers to reclaim up to 80% of the wage costs of 'furloughed employees', being those directly impacted by the pandemic, up to a cap of £2,500 per month per employee.

The bounce back loan scheme
The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access finance more quickly during the coronavirus outbreak. The scheme helps small and medium sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000. The government guarantees 100% of the loan and there are no fees or interest to pay for the first 12 months. After 12 months the interest rate is 2.5% per annum.

KEYONE'S LIMITED (REGISTERED NUMBER: 09440628)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 FEBRUARY 2023

3. ACCOUNTING POLICIES - continued

Other grants relating to covid-19
Eligible businesses that were forced to close due to the government lockdown of specific businesses during the Covid-19 pandemic were entitled to a cash grant from their local council for each period under national restrictions.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
Cost
At 28 February 2022
and 27 February 2023 14,950
Amortisation
At 28 February 2022
and 27 February 2023 14,950
Net book value
At 27 February 2023 -
At 27 February 2022 -

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
Cost
At 28 February 2022
and 27 February 2023 12,592 69,160 81,752
Depreciation
At 28 February 2022
and 27 February 2023 12,592 69,160 81,752
Net book value
At 27 February 2023 - - -
At 27 February 2022 - - -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,142 10,142
Social security and other taxes - 154
VAT 7,211 14,643
Director's loan account 51,078 32,169
Accruals and deferred income 1,000 1,000
69,431 58,108

Included within 'Bank loans' is a Bounce Back Loan which is 100% guaranteed by the UK government. Interest is charged at 2.5% per annum.

KEYONE'S LIMITED (REGISTERED NUMBER: 09440628)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 FEBRUARY 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 44,083 53,685

Included within 'Bank loans' is a Bounce Back Loan which is 100% guaranteed by the UK government. Interest is charged at 2.5% per annum.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

10. RELATED PARTY DISCLOSURES

Included within creditors is an amount of £51,078 (2022: £32,169) due to M J Keys, director. No interest has been charged
on this balance during the period (2022: £Nil) and there are no set repayment terms.