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REGISTERED NUMBER: 09440628 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 FEBRUARY 2024

FOR

KEYONE'S LIMITED

KEYONE'S LIMITED (REGISTERED NUMBER: 09440628)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KEYONE'S LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 27 FEBRUARY 2024







DIRECTOR: M J Keys





REGISTERED OFFICE: Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR





REGISTERED NUMBER: 09440628 (England and Wales)





ACCOUNTANTS: MDG Business Associates Limited
Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR

KEYONE'S LIMITED (REGISTERED NUMBER: 09440628)

BALANCE SHEET
27 FEBRUARY 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 2,015 2,110
Cash at bank 26,995 24,186
29,010 26,296
CREDITORS
Amounts falling due within one year 7 75,482 69,431
NET CURRENT LIABILITIES (46,472 ) (43,135 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(46,472

)

(43,135

)

CREDITORS
Amounts falling due after more than one year 8 42,467 44,083
NET LIABILITIES (88,939 ) (87,218 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (88,940 ) (87,219 )
SHAREHOLDERS' FUNDS (88,939 ) (87,218 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 2024 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 20 November 2024 and were signed by:





M J Keys - Director


KEYONE'S LIMITED (REGISTERED NUMBER: 09440628)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 FEBRUARY 2024

1. STATUTORY INFORMATION

Keyone's Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

After making enquires, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts received for goods supplied and services rendered, stated net of discounts and Value Added Tax.

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.

Patents and licences are being amortised evenly over their estimated useful life of three 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 - 25% on cost
Fixtures and fittings - 25% 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 Income Statement, 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.

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.

The bounce back loan scheme
The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access finance more quickly during the coronavirus outbreak. The scheme helps small and medium sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000. The government guarantees 100% of the loan and there are no fees or interest to pay for the first 12 months. After 12 months the interest rate is 2.5% per annum.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

KEYONE'S LIMITED (REGISTERED NUMBER: 09440628)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 FEBRUARY 2024

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
Cost
At 28 February 2023
and 27 February 2024 14,950
Amortisation
At 28 February 2023
and 27 February 2024 14,950
Net book value
At 27 February 2024 -
At 27 February 2023 -

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
Cost
At 28 February 2023
and 27 February 2024 12,592 69,160 81,752
Depreciation
At 28 February 2023
and 27 February 2024 12,592 69,160 81,752
Net book value
At 27 February 2024 - - -
At 27 February 2023 - - -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,142 10,142
VAT 8,819 7,211
Director's loan account 55,521 51,078
Accruals and deferred income 1,000 1,000
75,482 69,431

Included within 'Bank loans' is a Bounce Back Loan which is 100% guaranteed by the UK government. Interest is charged at 2.5% per annum.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 42,467 44,083

Included within 'Bank loans' is a Bounce Back Loan which is 100% guaranteed by the UK government. Interest is charged at 2.5% per annum.

KEYONE'S LIMITED (REGISTERED NUMBER: 09440628)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 FEBRUARY 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

10. RELATED PARTY DISCLOSURES

Included within creditors is an amount of £55,521 (2023: £51,078) due to M J Keys, director. No interest has been charged
on this balance during the period (2023: £Nil) and there are no set repayment terms.