Registered Number:04443787 |
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 May 2024
Keys Mobile Limited
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
Keys Mobile Limited
Statement of Financial Position
2023
2024
1
1
2
Property, plant and equipment |
13,512
16,477
3
13,513
16,478
25,000
25,000
4
150,060
Cash and cash equivalents |
155,109
180,109
175,060
Trade and other payables: amounts falling due within one |
year |
(65,449)
(74,735)
5
109,611
105,374
Net current assets
Total assets less current liabilities |
118,887
126,089
Trade and other payables: amounts falling due after more |
than one year |
(4,334)
(2,167)
6
(2,400)
(2,900)
Provisions for liabilities |
114,320
Net assets
118,855
100
100
114,220
118,755
114,320
118,855
Shareholders' funds
For the year ended 31 May 2024 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 of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 May 2024
Keys Mobile Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 30 July 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 May 2024
Keys Mobile Limited
Notes to the Financial Statements
Statutory Information
Keys Mobile Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 04443787. |
20 Beacon Road
Wincobank
Sheffield
S9 1AD
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and |
the Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Turnover is recognised on the completion of each large contract assignment or small job, in accordance with the contract terms. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Income on work in progress contracts is recognised by reference to the valuation of time spent on each contract, at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs. |
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For the year ended 31 May 2024
Keys Mobile Limited
Notes to the Financial Statements Continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 the 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 timing differences. 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 future profits. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
2. Intangible fixed assets |
Goodwill
10,000
10,000
9,999
9,999
1
1
4 of 6
For the year ended 31 May 2024
Keys Mobile Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment |
211,930
41,310
170,620
445
445
-
170,620
41,755
212,375
Provision for depreciation and impairment |
195,453
33,544
161,909
Charge for year
3,410
1,232
2,178
198,863
34,776
164,087
6,533
6,979
13,512
8,711
7,766
16,477
2023
2024
25,000
25,000
5. Trade and other payables: amounts falling due within one year |
2023
2024
2,000
1,833
6,023
8,741
Taxation and social security |
28,196
21,084
38,516
33,791
74,735
65,449
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
2,167
4,334
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For the year ended 31 May 2024
Keys Mobile Limited
Notes to the Financial Statements Continued
7. Related party transactions |
The director is also a shareholder of the company. Dividends paid to Mr N Clark, as director and shareholder |
of the company, during the year (with the previous year shown in brackets) were £18,000 (£18,000). |
8. Average number of persons employed |
During the year the average number of employees was 6 (2023 : 7)
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