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REGISTERED NUMBER: 09535174 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

KEYSTONE COTSWOLD LIMITED

KEYSTONE COTSWOLD LIMITED (REGISTERED NUMBER: 09535174)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEYSTONE COTSWOLD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: R Wheeler
G Wheeler





REGISTERED OFFICE: The Wheelrights
Grosvenor Road
Stonehouse
Gloucestershire
GL10 2HD





REGISTERED NUMBER: 09535174 (England and Wales)





ACCOUNTANTS: Shiner Mitchell Fisher & Co Ltd
Smith House
George Street
Nailsworth
Stroud
Gloucestershire
GL6 0AG

KEYSTONE COTSWOLD LIMITED (REGISTERED NUMBER: 09535174)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 9,129 15,285
9,129 15,285

CURRENT ASSETS
Stocks 4,422 7,600
Debtors 6 10,500 3,798
Cash at bank 3,768 9,791
18,690 21,189
CREDITORS
Amounts falling due within one year 7 135,730 108,792
NET CURRENT LIABILITIES (117,040 ) (87,603 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(107,911

)

(72,318

)

CREDITORS
Amounts falling due after more than one year 8 31,794 33,215
NET LIABILITIES (139,705 ) (105,533 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (139,706 ) (105,534 )
SHAREHOLDERS' FUNDS (139,705 ) (105,533 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

KEYSTONE COTSWOLD LIMITED (REGISTERED NUMBER: 09535174)

BALANCE SHEET - continued
30 APRIL 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:





R Wheeler - Director


KEYSTONE COTSWOLD LIMITED (REGISTERED NUMBER: 09535174)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Keystone Cotswold 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.

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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of one years.

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.

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 etc - 25% on cost and 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.

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.

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.

KEYSTONE COTSWOLD LIMITED (REGISTERED NUMBER: 09535174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 300
AMORTISATION
At 1 May 2023
and 30 April 2024 300
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 48,417
DEPRECIATION
At 1 May 2023 33,132
Charge for year 6,156
At 30 April 2024 39,288
NET BOOK VALUE
At 30 April 2024 9,129
At 30 April 2023 15,285

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 10,500 -
Other debtors - 3,798
10,500 3,798

KEYSTONE COTSWOLD LIMITED (REGISTERED NUMBER: 09535174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 4,080 6,600
Trade creditors 143 3,865
Taxation and social security 24,603 22,673
Other creditors 106,904 75,654
135,730 108,792

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 31,794 33,215

9. RELATED PARTY DISCLOSURES

During the year the director made an unsecured interest free loan to the company. The balance owing to the director at 30th April 2024 was £104,198 (2023 - £52,264).

10. ULTIMATE CONTROLLING PARTY

The controlling party is R Wheeler.