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REGISTERED NUMBER: 08567632 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Key Fire and Security Limited

Key Fire and Security Limited (Registered number: 08567632)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Key Fire and Security Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: K Montgomery





REGISTERED OFFICE: RCM Business Centres
Sandbeds Trading Estate
Dewsbury Road
Ossett
West Yorkshire
WF5 9ND





REGISTERED NUMBER: 08567632 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
Chartered Accountants
3 Park Square
Leeds
LS1 2NE

Key Fire and Security Limited (Registered number: 08567632)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,540 11,044

CURRENT ASSETS
Debtors 5 470,670 292,599
Cash at bank 873 14,320
471,543 306,919
CREDITORS
Amounts falling due within one year 6 492,773 330,074
NET CURRENT LIABILITIES (21,230 ) (23,155 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(12,690

)

(12,111

)

CREDITORS
Amounts falling due after more than one
year

7

31,904

41,775
NET LIABILITIES (44,594 ) (53,886 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (44,694 ) (53,986 )
SHAREHOLDERS' FUNDS (44,594 ) (53,886 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Key Fire and Security Limited (Registered number: 08567632)

Balance Sheet - continued
31 March 2023


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 2 August 2024 and were signed by:





K Montgomery - Director


Key Fire and Security Limited (Registered number: 08567632)

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

1. STATUTORY INFORMATION

Key Fire and Security 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. ACCOUNTING POLICIES

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

Turnover
Turnover represents net invoiced provision of services, excluding value added tax.

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 etc - 33% on cost, 20% on reducing balance and 20% on 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Key Fire and Security Limited (Registered number: 08567632)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 3,409 14,038 11,536 28,983
Additions 541 - - 541
At 31 March 2023 3,950 14,038 11,536 29,524
DEPRECIATION
At 1 April 2022 131 8,492 9,316 17,939
Charge for year 656 1,109 1,280 3,045
At 31 March 2023 787 9,601 10,596 20,984
NET BOOK VALUE
At 31 March 2023 3,163 4,437 940 8,540
At 31 March 2022 3,278 5,546 2,220 11,044

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 452,340 292,599
Amounts owed from group undertakings 18,330 -
470,670 292,599

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 444,285 304,394
Amounts owed to group undertakings - 13,615
Social security and other taxes 44,167 11,695
Accrued expenses 4,321 370
492,773 330,074

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Loan Creditor 31,904 41,775

The loan creditor represents a loan under HM Government Coronavirus Business Bounce Back Loan Scheme.

The loan creditor carries an interest rate of 2.5% per annum and it is repayable in accordance with the rules ofthe scheme.

Key Fire and Security Limited (Registered number: 08567632)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2022 (53,986 )
Profit for the year 9,292
At 31 March 2023 (44,694 )

10. RELATED PARTY DISCLOSURES

At 31 March 2023 the company was owed £18,330 (2022: £Nil) from Key Security (UK) Limited, a company in which Mr K Montgomery is a director.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K Montgomery.