2023-06-012024-05-312024-05-31false13414306KEY GLOBAL LOGISTICS 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KEY GLOBAL LOGISTICS LTD

Registered Number
13414306
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

KEY GLOBAL LOGISTICS LTD
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

READ, Alexander

Registered Address

Beech Cottage
Inglestone Common
Badminton
GL9 1BX

Registered Number

13414306 (England and Wales)
KEY GLOBAL LOGISTICS LTD
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3,8053,670
3,8053,670
Current assets
Debtors9,47612,446
Cash at bank and on hand20755
9,49613,201
Creditors amounts falling due within one year(14,034)(17,028)
Net current assets (liabilities)(4,538)(3,827)
Total assets less current liabilities(733)(157)
Net assets(733)(157)
Capital and reserves
Profit and loss account(733)(157)
Shareholders' funds(733)(157)
The financial statements were approved and authorised for issue by the Director on 25 July 2024, and are signed on its behalf by:
READ, Alexander
Director
Registered Company No. 13414306
KEY GLOBAL LOGISTICS LTD
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year00