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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
Page
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KEY AIR & SEA LIMITED Company Information for the year ended 30 April 2024
Director
Mr. Jason Kiely
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
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KEY AIR & SEA LIMITED Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,944 
23,793 
Current assets
Debtors
1,232,320 
1,258,145 
Cash at bank and in hand
575,395 
541,992 
1,807,715 
1,800,137 
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 
Capital and reserves
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
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KEY AIR & SEA LIMITED Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
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
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
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 
Depreciation
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 
Net book value
At 30 April 2024
- 
4,054 
1,328 
14,562 
19,944 
At 30 April 2023
- 
5,405 
1,771 
16,617 
23,793 
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KEY AIR & SEA LIMITED Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
4,274 
6,382 
Trade debtors
58,033 
81,750 
Amounts due from group undertakings etc.
1,170,013 
1,170,013 
1,232,320 
1,258,145 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
149,632 
182,583 
Taxes and social security
99,191 
76,850 
Accruals
3,000 
2,900 
251,823 
262,333 
7
Transactions with related parties
Included within other debtors is an amount of £1,170,013 (2023: £1,170,013) due from the parent company.
8
Controlling party
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.
9
Average number of employees
During the year the average number of employees was 6 (2023: 4).
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