Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01falseNo description of principal activity1414truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02113065 2023-05-01 2024-04-30 02113065 2022-05-01 2023-04-30 02113065 2024-04-30 02113065 2023-04-30 02113065 c:CompanySecretary1 2023-05-01 2024-04-30 02113065 c:Director1 2023-05-01 2024-04-30 02113065 c:Director2 2023-05-01 2024-04-30 02113065 c:RegisteredOffice 2023-05-01 2024-04-30 02113065 d:FurnitureFittings 2023-05-01 2024-04-30 02113065 d:FurnitureFittings 2024-04-30 02113065 d:FurnitureFittings 2023-04-30 02113065 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02113065 d:OfficeEquipment 2023-05-01 2024-04-30 02113065 d:OfficeEquipment 2024-04-30 02113065 d:OfficeEquipment 2023-04-30 02113065 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02113065 d:ComputerEquipment 2023-05-01 2024-04-30 02113065 d:ComputerEquipment 2024-04-30 02113065 d:ComputerEquipment 2023-04-30 02113065 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02113065 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02113065 d:Goodwill 2024-04-30 02113065 d:Goodwill 2023-04-30 02113065 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 02113065 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 02113065 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 02113065 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 02113065 d:ShareCapital 2024-04-30 02113065 d:ShareCapital 2023-04-30 02113065 d:RetainedEarningsAccumulatedLosses 2024-04-30 02113065 d:RetainedEarningsAccumulatedLosses 2023-04-30 02113065 c:OrdinaryShareClass1 2023-05-01 2024-04-30 02113065 c:OrdinaryShareClass1 2024-04-30 02113065 c:OrdinaryShareClass1 2023-04-30 02113065 c:FRS102 2023-05-01 2024-04-30 02113065 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 02113065 c:AbridgedAccounts 2023-05-01 2024-04-30 02113065 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02113065 2 2023-05-01 2024-04-30 02113065 d:Goodwill d:OwnedIntangibleAssets 2023-05-01 2024-04-30 02113065 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02113065
















KEYTE LIMITED


UNAUDITED

ABRIDGED ANNUAL REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

































KEYTE LIMITED

 
COMPANY INFORMATION


Directors
Dr Robin William Keyte 
Siobhan Keyte 




Company secretary
Dr Robin William Keyte



Registered number
02113065



Registered office
10 Middle Street

Taunton

Somerset

TA1 1SH






KEYTE LIMITED
REGISTERED NUMBER:02113065

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
56,333
82,333

Tangible assets
 5 
14,427
20,472

  
70,760
102,805

Current assets
  

Debtors
  
253,775
256,466

Cash at bank and in hand
  
488,973
464,656

  
742,748
721,122

Creditors: amounts falling due within one year
  
(127,109)
(112,985)

Net current assets
  
 
 
615,639
 
 
608,137

Total assets less current liabilities
  
686,399
710,942

Creditors: amounts falling due after more than one year
  
(32,500)
(58,500)

Provisions for liabilities
  

Deferred tax
  
(3,607)
(4,894)

  
 
 
(3,607)
 
 
(4,894)

Net assets
  
650,292
647,548


Capital and reserves
  

Called up share capital 
 6 
5,000
5,000

Profit and loss account
  
645,292
642,548

  
650,292
647,548


Page 1


KEYTE LIMITED
REGISTERED NUMBER:02113065
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The directors consider 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 directors acknowledge their 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.
All of the members of Keyte Limited have agreed to the preparation of abridged accounts for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 





Siobhan Keyte
Director

Date: 29 January 2025

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

Page 2


KEYTE LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2023

1.


General information

Keyte Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The registered number of the Company is 13121409. The address of the Company’s registered office is 10 Middle Street, Taunton, 
TA1 SH, United Kingdom.  

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

  
2.2

Going Concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet it financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. 

 
2.3

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:

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.

 
2.4

Interest income

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

Page 3


KEYTE LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2023

2.Accounting policies (continued)

 
2.5

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. Goodwill and acquired assets under management are amortised over 4 years using the straight line method.

 
2.8

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.

Page 4


KEYTE LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2023

2.Accounting policies (continued)


2.8
Tangible fixed assets (CONTINUED)

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

Depreciation is provided on the following basis:

Fixtures and fittings
-
33%
Office equipment
-
33%
Computer equipment
-
33%

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.

 
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.

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.


Page 5


KEYTE LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2023

2.Accounting policies (continued)

 
2.13

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument. 
Financial liabilities and equity instruments are classified according to the substance of the contractuall arrangements entered into. Am equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. 

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 14 (2023: 14).


4.


Intangible assets




Goodwill & acquired assets under managem't

£



COST


At 1 May 2023
184,000



At 30 April 2024

184,000



AMORTISATION


At 1 May 2023
101,667


Charge for the year on owned assets
26,000



At 30 April 2024

127,667



NET BOOK VALUE



At 30 April 2024
56,333



At 30 April 2023
82,333



Page 6


KEYTE LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2023

5.


Tangible fixed assets





Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£



COST OR VALUATION


At 1 May 2023
35,941
19,157
36,453
91,551


Additions
687
2,024
4,623
7,334


Disposals
-
(359)
-
(359)



At 30 April 2024

36,628
20,822
41,076
98,526



DEPRECIATION


At 1 May 2023
29,219
14,549
27,311
71,079


Charge for the year on owned assets
3,610
2,919
6,620
13,149


Disposals
-
(129)
-
(129)



At 30 April 2024

32,829
17,339
33,931
84,099



NET BOOK VALUE



At 30 April 2024
3,799
3,483
7,145
14,427



At 30 April 2023
6,722
4,608
9,142
20,472

Page 7


KEYTE LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2023

6.


Share capital

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



5,000 (2023: 5,000) Ordinary shares of £1.00 each
5,000
5,000



7.


Uiltimate Controlling Party

The ultimate parent company is Keyte Holdings Limited, a company incorporated in Great Britain and registered in England and Wales.
The registered and business address of Keyte Holdings Limited is 10 Middle Street, Taunton, Somerset, United Kingdom, TA1 1SH. 

 
Page 8