Company Registration No. 02601170 (England and Wales)
KEY AIR & SEA LIMITED
Unaudited accounts
for the year ended 30 April 2024
KEY AIR & SEA LIMITED
Unaudited accounts
Contents
KEY AIR & SEA LIMITED
Company Information
for the year ended 30 April 2024
Company Number
02601170 (England and Wales)
Registered Office
UNIT 17 BROOK INDUSTRIAL ESTATE
BULLSBROOK ROAD
HAYES
MIDDLESEX
UB4 0JZ
ENGLAND
Accountants
Property Accounting Here Limited T/a Ken Bell Accounting
1st Floor, Cashs Business Centre
228 Widdrington Road
Coventry
CV14PB
KEY AIR & SEA LIMITED
Statement of financial position
as at 30 April 2024
Tangible assets
19,944
23,793
Debtors
1,232,320
1,258,145
Cash at bank and in hand
575,395
541,992
Creditors: amounts falling due within one year
(251,823)
(262,333)
Net current assets
1,555,892
1,537,804
Total assets less current liabilities
1,575,836
1,561,597
Provisions for liabilities
Deferred tax
(7,389)
(7,389)
Net assets
1,568,447
1,554,208
Called up share capital
100
100
Profit and loss account
1,568,347
1,554,108
Shareholders' funds
1,568,447
1,554,208
For the year ending 30 April 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 13 August 2023 and were signed on its behalf by
Mr. Jason Kiely
Director
Company Registration No. 02601170
KEY AIR & SEA LIMITED
Notes to the Accounts
for the year ended 30 April 2024
KEY AIR & SEA LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02601170. The registered office is UNIT 17 BROOK INDUSTRIAL ESTATE, BULLSBROOK ROAD, HAYES, MIDDLESEX, UB4 0JZ, ENGLAND.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
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Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2023
5,290
22,967
47,759
57,368
133,384
Additions
-
-
-
2,799
2,799
At 30 April 2024
5,290
22,967
47,759
60,167
136,183
At 1 May 2023
5,290
17,562
45,988
40,751
109,591
Charge for the year
-
1,351
443
4,854
6,648
At 30 April 2024
5,290
18,913
46,431
45,605
116,239
At 30 April 2024
-
4,054
1,328
14,562
19,944
At 30 April 2023
-
5,405
1,771
16,617
23,793
KEY AIR & SEA LIMITED
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Trade debtors
58,033
81,750
Amounts due from group undertakings etc.
1,170,013
1,170,013
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
149,632
182,583
Taxes and social security
99,191
76,850
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Transactions with related parties
Included within other debtors is an amount of £1,170,013 (2023: £1,170,013) due from the parent company.
The company is a wholly owned subsidiary of Key Air & Sea Group Limited, a company registered in England and Wales, which is the ultimate parent company. The registered office is Unit 17, Brook Industrial Estate, Bullsbrook Road, Hayes, England, UB4 0JZ.
The ultimate controlling party is J. Kiely.
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Average number of employees
During the year the average number of employees was 6 (2023: 4).