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REGISTERED NUMBER: 07895774 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

KEYFLOW (UK) LTD

KEYFLOW (UK) LTD (REGISTERED NUMBER: 07895774)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEYFLOW (UK) LTD

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTORS: Mr C W Price
Mr P Hunt





REGISTERED OFFICE: Kingscott Dix
7 Rockfield Business Park
Old Station Drive, Leckhampton
Cheltenham
Gloucestershire
GL53 0AN





REGISTERED NUMBER: 07895774 (England and Wales)





ACCOUNTANTS: Kingscott Dix (Cheltenham) Limited
7 Rockfield Business Park
Old Station Drive
Leckhampton
Cheltenham
GL53 0AN

KEYFLOW (UK) LTD (REGISTERED NUMBER: 07895774)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 11,922 10,860
Tangible assets 5 112,578 86,755
124,500 97,615

CURRENT ASSETS
Stocks 271,601 299,364
Debtors 6 283,255 300,586
Cash at bank and in hand 41,048 24,044
595,904 623,994
CREDITORS
Amounts falling due within one year 7 (378,302 ) (417,723 )
NET CURRENT ASSETS 217,602 206,271
TOTAL ASSETS LESS CURRENT
LIABILITIES

342,102

303,886

CREDITORS
Amounts falling due after more than one
year

8

(74,900

)

(40,442

)
NET ASSETS 267,202 263,444

CAPITAL AND RESERVES
Called up share capital 1,236 1,236
Share premium 139,627 139,627
Retained earnings 126,339 122,581
SHAREHOLDERS' FUNDS 267,202 263,444

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

KEYFLOW (UK) LTD (REGISTERED NUMBER: 07895774)

BALANCE SHEET - continued
31 January 2024


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 profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:




Mr C W Price - Director



Mr P Hunt - Director


KEYFLOW (UK) LTD (REGISTERED NUMBER: 07895774)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Keyflow (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The directors are of the opinion that no significant judgements or estimations have been used in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

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 - at varying rates on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computers and IT - 33% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


KEYFLOW (UK) LTD (REGISTERED NUMBER: 07895774)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 February 2023 25,002 14,127 39,129
Additions - 4,900 4,900
At 31 January 2024 25,002 19,027 44,029
AMORTISATION
At 1 February 2023 25,002 3,267 28,269
Charge for year - 3,838 3,838
At 31 January 2024 25,002 7,105 32,107
NET BOOK VALUE
At 31 January 2024 - 11,922 11,922
At 31 January 2023 - 10,860 10,860

KEYFLOW (UK) LTD (REGISTERED NUMBER: 07895774)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computers
machinery fittings vehicles and IT Totals
£    £    £    £    £   
COST
At 1 February 2023 74,073 5,887 61,655 33,772 175,387
Additions 512 513 78,600 1,867 81,492
Disposals - - (29,525 ) - (29,525 )
At 31 January 2024 74,585 6,400 110,730 35,639 227,354
DEPRECIATION
At 1 February 2023 33,676 3,152 22,782 29,022 88,632
Charge for year 15,248 903 19,096 3,371 38,618
Eliminated on disposal - - (12,474 ) - (12,474 )
At 31 January 2024 48,924 4,055 29,404 32,393 114,776
NET BOOK VALUE
At 31 January 2024 25,661 2,345 81,326 3,246 112,578
At 31 January 2023 40,397 2,735 38,873 4,750 86,755

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 250,725 239,589
Amounts owed by group undertakings - 12,245
Other debtors and prepayments 26,880 26,564
Directors' current accounts - 1,755
Tax - 14,204
VAT 5,650 6,229
283,255 300,586

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Other loans - 42,857
Hire purchase contracts 18,527 18,665
Trade creditors 209,094 208,800
Tax 4,953 158
Social security and other taxes 6,947 4,802
Other creditors 116,874 125,493
Accrued expenses 11,907 6,948
378,302 417,723

KEYFLOW (UK) LTD (REGISTERED NUMBER: 07895774)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 4,167 14,167
Hire purchase contracts 60,733 16,275
74,900 40,442

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr C W Price.