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Registered number: 03652517









BARTLETT'S KEY SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
BARTLETT'S KEY SERVICES LIMITED
REGISTERED NUMBER: 03652517

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
51,673
54,489

  
51,673
54,489

Current assets
  

Stocks
  
28,441
26,609

Debtors: amounts falling due within one year
 5 
18,058
22,728

Cash at bank and in hand
 6 
7,796
41,054

  
54,295
90,391

Creditors: amounts falling due within one year
 7 
(184,981)
(184,489)

Net current liabilities
  
 
 
(130,686)
 
 
(94,098)

Total assets less current liabilities
  
(79,013)
(39,609)

Creditors: amounts falling due after more than one year
 8 
(15,911)
(26,804)

  

Net liabilities
  
(94,924)
(66,413)


Capital and reserves
  

Called up share capital 
  
56
56

Capital redemption reserve
  
44
44

Profit and loss account
  
(95,024)
(66,513)

  
(94,924)
(66,413)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
BARTLETT'S KEY SERVICES LIMITED
REGISTERED NUMBER: 03652517
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 November 2024.




G T Bull
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BARTLETT'S KEY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Bartlett's Key Services Limited is a  private  company  limited by shares  incorporated in  England and Wales. The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
BARTLETT'S KEY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Fixtures and fittings
-
10%
reducing balance
Office equipment
-
25%
reducing balance
Other fixed assets
-
2%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
BARTLETT'S KEY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

2024
2023
£
£

Wages and salaries
114,190
110,349

Social security costs
6,888
7,043

Cost of defined contribution scheme
2,831
2,727

123,909
120,119


The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 5

 
BARTLETT'S KEY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Other fixed assets
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
23,283
18,995
14,338
96,571
153,187



At 31 March 2024

23,283
18,995
14,338
96,571
153,187



Depreciation


At 1 April 2023
23,283
16,865
12,054
46,499
98,701


Charge for the year on owned assets
-
426
457
1,930
2,813



At 31 March 2024

23,283
17,291
12,511
48,429
101,514



Net book value



At 31 March 2024
-
1,704
1,827
48,142
51,673



At 31 March 2023
-
2,131
2,285
50,073
54,489


5.


Debtors

2024
2023
£
£


Trade debtors
12,864
17,607

Other debtors
5,194
5,121

18,058
22,728



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
7,796
41,054

7,796
41,054


Page 6

 
BARTLETT'S KEY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,648
9,599

Amounts owed to group undertakings
159,419
155,271

Other taxation and social security
12,372
16,914

Other creditors
2,542
2,705

184,981
184,489



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
15,911
26,804

15,911
26,804



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,648
9,599


10,648
9,599


Amounts falling due 2-5 years

Bank loans
15,913
26,802


15,913
26,802


26,561
36,401


Page 7

 
BARTLETT'S KEY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Controlling party

The company is owned by B. Properties Ltd, which is a company registered in the UK. 

 
Page 8