Company Registration No. 3948414 (England and Wales)
Keytech Systems Limited
Unaudited accounts
for the year ended 31 March 2024
Keytech Systems Limited
Unaudited accounts
Contents
Keytech Systems Limited
Company Information
for the year ended 31 March 2024
Directors
Matthew Robert Alexander Platts
Ruth Elizabeth Platts
Robert Victor Graham Platts
Company Number
3948414 (England and Wales)
Registered Office
Unit 12, The Courtyard
Stenson Road
Coalville
Leicestershire
LE67 4JP
Accountants
121 Local Accounting Ltd
Unit 15, Whitwick Business Centre
Stenson Road
Coalville
Leicestershire
LE67 4JP
Keytech Systems Limited
Statement of financial position
as at 31 March 2024
Tangible assets
41,667
3,118
Inventories
79,962
113,627
Cash at bank and in hand
256,675
10,566
Creditors: amounts falling due within one year
(123,916)
(89,230)
Net current assets
382,718
377,694
Net assets
424,385
380,812
Called up share capital
100
100
Profit and loss account
424,285
380,712
Shareholders' funds
424,385
380,812
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by
Robert Victor Graham Platts
Director
Company Registration No. 3948414
Keytech Systems Limited
Notes to the Accounts
for the year ended 31 March 2024
Keytech Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 3948414. The registered office is Unit 12, The Courtyard, Stenson Road, Coalville , Leicestershire , LE67 4JP.
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:
Fixtures & fittings
25% on net book value
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2023
-
10,135
10,135
Additions
37,599
3,148
40,747
At 31 March 2024
37,599
13,283
50,882
At 1 April 2023
-
7,017
7,017
Charge for the year
783
1,415
2,198
At 31 March 2024
783
8,432
9,215
At 31 March 2024
36,816
4,851
41,667
At 31 March 2023
-
3,118
3,118
Keytech Systems Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
165,063
330,722
Accrued income and prepayments
1,536
701
Other debtors
2,587
11,308
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
84,486
8,113
Taxes and social security
12,320
34,083
Loans from directors
26,244
36,117
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).