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REGISTERED NUMBER: 06294367 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

KEY OSTAS LIMITED

KEY OSTAS LIMITED (REGISTERED NUMBER: 06294367)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEY OSTAS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: R Gibbs
C R Gibbs





REGISTERED OFFICE: 2 The Court
Holywell Business Park
Southam
Warwickshire
CV47 0FS





REGISTERED NUMBER: 06294367 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

KEY OSTAS LIMITED (REGISTERED NUMBER: 06294367)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,500 80,000
Tangible assets 5 1,889,453 1,894,253
Investments 6 200,000 -
2,096,953 1,974,253

CURRENT ASSETS
Debtors 7 692,632 684,455
Investments 8 900,000 900,000
Cash at bank and in hand 1,419,937 1,181,007
3,012,569 2,765,462
CREDITORS
Amounts falling due within one year 9 731,190 576,613
NET CURRENT ASSETS 2,281,379 2,188,849
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,378,332

4,163,102

CAPITAL AND RESERVES
Called up and paid share capital 100 100
Retained earnings 4,378,232 4,163,002
SHAREHOLDERS' FUNDS 4,378,332 4,163,102

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

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

KEY OSTAS LIMITED (REGISTERED NUMBER: 06294367)

BALANCE SHEET - continued
30 JUNE 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:




C R Gibbs - Director



R Gibbs - Director


KEY OSTAS LIMITED (REGISTERED NUMBER: 06294367)

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


1. STATUTORY INFORMATION

Key Ostas 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. 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.

Related party exemption
The financial statements contain information about Key Ostas Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 ' The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 2009, is being amortised evenly over its estimated useful life of fifteen 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.

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.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.


KEY OSTAS LIMITED (REGISTERED NUMBER: 06294367)

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


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 19 ) .

KEY OSTAS LIMITED (REGISTERED NUMBER: 06294367)

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


4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 July 2023 1,200,000 - 1,200,000
Additions - 10,000 10,000
At 30 June 2024 1,200,000 10,000 1,210,000
AMORTISATION
At 1 July 2023 1,120,000 - 1,120,000
Charge for year 80,000 2,500 82,500
At 30 June 2024 1,200,000 2,500 1,202,500
NET BOOK VALUE
At 30 June 2024 - 7,500 7,500
At 30 June 2023 80,000 - 80,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 2,069,716 64,932 2,134,648
Additions - 26,157 26,157
At 30 June 2024 2,069,716 91,089 2,160,805
DEPRECIATION
At 1 July 2023 192,735 47,660 240,395
Charge for year 20,100 10,857 30,957
At 30 June 2024 212,835 58,517 271,352
NET BOOK VALUE
At 30 June 2024 1,856,881 32,572 1,889,453
At 30 June 2023 1,876,981 17,272 1,894,253

KEY OSTAS LIMITED (REGISTERED NUMBER: 06294367)

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


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 200,000
At 30 June 2024 200,000
NET BOOK VALUE
At 30 June 2024 200,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 397,434 397,066
Amounts owed by participating interests - 12,106
Other debtors 295,198 275,283
692,632 684,455

8. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 900,000 900,000

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 59,398 57,232
Amounts owed to group undertakings - 7,597
Amounts owed to participating interests 180,718 179,069
Taxation and social security 283,496 240,421
Other creditors 207,578 92,294
731,190 576,613

There is security held containing a fixed and negative charge over the company property in respect of a loan in a group company.

10. RELATED PARTY DISCLOSURES

During the year the directors were advanced £250,755 (2023 £175,442) and repaid £175,442 (2023 £150,117). At the year end the directors owed £250,755 (2023 £175,442) by way of directors loan account.

Included in creditors is £180,718 owed to companies which are under the control of one of the directors. This loan is interest free and repayable on demand.