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Company Registration No. 12105739 (England and Wales)
KEY IOT Limited Unaudited accounts for the year ended 31 July 2024
KEY IOT Limited Unaudited accounts Contents
Page
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KEY IOT Limited Company Information for the year ended 31 July 2024
Director
Graham William Robinson
Secretary
Caroline Christina Madden
Company Number
12105739 (England and Wales)
Registered Office
Unit 2 Buildbase Way Off Bird Hall Lane Cheadle Heath Stockport SK3 0SB UNITED KINGDOM
Accountants
Taxing Times Ltd 4 High Street Hanging Heaton Batley WF17 6DX
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KEY IOT Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,900 
2,317 
Tangible assets
543 
662 
2,443 
2,979 
Current assets
Debtors
83,175 
80,959 
Cash at bank and in hand
7,101 
12,781 
90,276 
93,740 
Creditors: amounts falling due within one year
(59,189)
(33,391)
Net current assets
31,087 
60,349 
Total assets less current liabilities
33,530 
63,328 
Creditors: amounts falling due after more than one year
(21,081)
(24,364)
Net assets
12,449 
38,964 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
12,349 
38,864 
Shareholders' funds
12,449 
38,964 
For the year ending 31 July 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 11 August 2024 and were signed on its behalf by
Graham William Robinson Director Company Registration No. 12105739
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KEY IOT Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
KEY IOT Limited is a private company, limited by shares, registered in England and Wales, registration number 12105739. The registered office is Unit 2 Buildbase Way, Off Bird Hall Lane , Cheadle Heath, Stockport, SK3 0SB, UNITED KINGDOM.
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
These financial statements for the year ended 31 July 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 August 2023
4,202 
At 31 July 2024
4,202 
Amortisation
At 1 August 2023
1,885 
Charge for the year
417 
At 31 July 2024
2,302 
Net book value
At 31 July 2024
1,900 
At 31 July 2023
2,317 
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KEY IOT Limited Notes to the Accounts for the year ended 31 July 2024
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2023
1,195 
At 31 July 2024
1,195 
Depreciation
At 1 August 2023
533 
Charge for the year
119 
At 31 July 2024
652 
Net book value
At 31 July 2024
543 
At 31 July 2023
662 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
43,037 
36,363 
Amounts due from group undertakings etc.
40,138 
44,596 
83,175 
80,959 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
15,529 
15,654 
Trade creditors
20,112 
10,505 
Taxes and social security
22,823 
6,717 
Other creditors
725 
515 
59,189 
33,391 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
21,081 
24,364 
9
Average number of employees
During the year the average number of employees was 4 (2023: 1).
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