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REGISTERED NUMBER: 01320465 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

KEYNOTE AUDIO SERVICES LTD

KEYNOTE AUDIO SERVICES LTD (REGISTERED NUMBER: 01320465)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KEYNOTE AUDIO SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: T C Wheatley





SECRETARY: M Wheatley





REGISTERED OFFICE: 9 Abbey Business Park
Monks Walk
Farnham
Surrey
GU9 8HT





REGISTERED NUMBER: 01320465 (England and Wales)





ACCOUNTANTS: Maxwell & Co
9 Abbey Business Park
Monks Walk
Farnham
Surrey
GU9 8HT

KEYNOTE AUDIO SERVICES LTD (REGISTERED NUMBER: 01320465)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,648 3,242

CURRENT ASSETS
Stocks 5 500 500
Debtors 6 175 304
Cash at bank 634 934
1,309 1,738
CREDITORS
Amounts falling due within one year 7 96,783 90,533
NET CURRENT LIABILITIES (95,474 ) (88,795 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(92,826

)

(85,553

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (92,926 ) (85,653 )
SHAREHOLDERS' FUNDS (92,826 ) (85,553 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 September 2024 and were signed by:




T C Wheatley - Director


KEYNOTE AUDIO SERVICES LTD (REGISTERED NUMBER: 01320465)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Keynote Audio Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The Financial Statements have been prepared on a going concern basis as Mr T C Wheatley, the director, continues to provide financial support to the company and in giving this assurance he has considered a period in excess of twelve months.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

KEYNOTE AUDIO SERVICES LTD (REGISTERED NUMBER: 01320465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 22,856 22,014 44,870
DEPRECIATION
At 1 November 2022 19,781 21,847 41,628
Charge for year 561 33 594
At 31 October 2023 20,342 21,880 42,222
NET BOOK VALUE
At 31 October 2023 2,514 134 2,648
At 31 October 2022 3,075 167 3,242

5. STOCKS
2023 2022
£    £   
Stocks 500 500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
VAT 175 304

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts 96,203 89,953
Accrued expenses 580 580
96,783 90,533

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T C Wheatley.