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Company Registration No. 10754829 (England and Wales)
Keystone Media Ltd Unaudited accounts for the year ended 31 May 2024
Keystone Media Ltd Unaudited accounts Contents
Page
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Keystone Media Ltd Company Information for the year ended 31 May 2024
Director
Peter Oluwaseni Soetan
Company Number
10754829 (England and Wales)
Registered Office
44 Brewers Square Birmingham West Midlands B16 0PN England
Accountants
Linda Kimberley-Brooks 73 Leicester Road Thurcaston Leicester LE7 7JH
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Keystone Media Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
38 
- 
Current assets
Debtors
5,406 
618 
Cash at bank and in hand
429 
867 
5,835 
1,485 
Creditors: amounts falling due within one year
(3,622)
(3,642)
Net current assets/(liabilities)
2,213 
(2,157)
Net assets/(liabilities)
2,251 
(2,157)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
2,250 
(2,158)
Shareholders' funds
2,251 
(2,157)
For the year ending 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 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 2024 and were signed on its behalf by
Peter Oluwaseni Soetan Director Company Registration No. 10754829
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Keystone Media Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Keystone Media Ltd is a private company, limited by shares, registered in England and Wales, registration number 10754829. The registered office is 44 Brewers Square, Birmingham, West Midlands, B16 0PN, 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.
3
Accounting policies
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.
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.
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
over 4 years, straight line
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2023
1,034 
Additions
51 
At 31 May 2024
1,085 
Depreciation
At 1 June 2023
1,034 
Charge for the year
13 
At 31 May 2024
1,047 
Net book value
At 31 May 2024
38 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
4,600 
- 
Accrued income and prepayments
806 
618 
5,406 
618 
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Keystone Media Ltd Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
883 
141 
Loans from directors
90 
3,009 
Accruals
507 
492 
Deferred income
2,142 
- 
3,622 
3,642 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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