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REGISTERED NUMBER: 06857865 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

KEYMT INSTALLATION LTD

KEYMT INSTALLATION LTD (REGISTERED NUMBER: 06857865)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEYMT INSTALLATION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D R Cutts
M J Bamber
Mrs A J Bamber
Ms Q Liying





REGISTERED OFFICE: 82 Bison Place
Moss Side Industrial Estate
Leyland
Lancashire
PR26 7QR





REGISTERED NUMBER: 06857865 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

KEYMT INSTALLATION LTD (REGISTERED NUMBER: 06857865)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 632,869 658,626
Tangible assets 5 988,093 980,960
1,620,962 1,639,586

CURRENT ASSETS
Stocks 6 30,000 30,000
Debtors 7 698,825 430,385
Cash at bank and in hand 213,109 50,693
941,934 511,078
CREDITORS
Amounts falling due within one year 8 663,449 370,870
NET CURRENT ASSETS 278,485 140,208
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,899,447

1,779,794

CREDITORS
Amounts falling due after more than one
year

9

(663,052

)

(823,622

)

PROVISIONS FOR LIABILITIES 12 (138,717 ) (95,762 )
NET ASSETS 1,097,678 860,410

CAPITAL AND RESERVES
Called up share capital 13 990 1,000
Capital redemption reserve 10 -
Retained earnings 1,096,678 859,410
SHAREHOLDERS' FUNDS 1,097,678 860,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

KEYMT INSTALLATION LTD (REGISTERED NUMBER: 06857865)

BALANCE SHEET - continued
31 MARCH 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 30 January 2025 and were signed on its behalf by:




M J Bamber - Director



Mrs A J Bamber - Director


KEYMT INSTALLATION LTD (REGISTERED NUMBER: 06857865)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Keymt Installation Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods, excluding 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.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% 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.

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.

KEYMT INSTALLATION LTD (REGISTERED NUMBER: 06857865)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 27 (2023 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023 866,767
Additions 85,000
Reclassification/transfer (26,756 )
At 31 March 2024 925,011
AMORTISATION
At 1 April 2023 208,141
Charge for year 84,001
At 31 March 2024 292,142
NET BOOK VALUE
At 31 March 2024 632,869
At 31 March 2023 658,626

KEYMT INSTALLATION LTD (REGISTERED NUMBER: 06857865)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
Aircraft machinery fittings
£    £    £   
COST OR VALUATION
At 1 April 2023 790,000 912,764 45,394
Additions - 26,690 -
At 31 March 2024 790,000 939,454 45,394
DEPRECIATION
At 1 April 2023 - 871,809 34,726
Charge for year - 21,530 2,319
At 31 March 2024 - 893,339 37,045
NET BOOK VALUE
At 31 March 2024 790,000 46,115 8,349
At 31 March 2023 790,000 40,955 10,668

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 283,541 59,235 2,090,934
Additions 52,950 641 80,281
At 31 March 2024 336,491 59,876 2,171,215
DEPRECIATION
At 1 April 2023 150,362 53,077 1,109,974
Charge for year 46,330 2,969 73,148
At 31 March 2024 196,692 56,046 1,183,122
NET BOOK VALUE
At 31 March 2024 139,799 3,830 988,093
At 31 March 2023 133,179 6,158 980,960

Cost or valuation at 31 March 2024 is represented by:

Fixtures
Plant and and
Aircraft machinery fittings
£    £    £   
Valuation in 2023 69,855 - -
Cost 720,145 939,454 45,394
790,000 939,454 45,394

KEYMT INSTALLATION LTD (REGISTERED NUMBER: 06857865)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2023 - - 69,855
Cost 336,491 59,876 2,101,360
336,491 59,876 2,171,215

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 46,110 58,073 104,183
Additions 20,995 30,850 51,845
Transfer to ownership (18,120 ) - (18,120 )
At 31 March 2024 48,985 88,923 137,908
DEPRECIATION
At 1 April 2023 38,361 955 39,316
Charge for year (1,293 ) 14,018 12,725
Transfer to ownership (15,969 ) - (15,969 )
At 31 March 2024 21,099 14,973 36,072
NET BOOK VALUE
At 31 March 2024 27,886 73,950 101,836
At 31 March 2023 7,749 57,118 64,867

6. STOCKS
31/3/24 31/3/23
£    £   
Stocks 30,000 30,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 229,148 154,088
Other debtors 4,788 14,789
Directors' current accounts 174,795 46,043
Tax 49,627 58,551
Prepayments and accrued income 240,467 156,914
698,825 430,385

KEYMT INSTALLATION LTD (REGISTERED NUMBER: 06857865)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts (see note 10) 72,500 72,500
Other loans (see note 10) 257,840 31,226
Hire purchase contracts 43,747 23,413
Trade creditors 88,746 103,081
Tax - 14,017
Social security and other taxes 83,159 34,983
Other creditors 67,218 62,171
Directors' current accounts 17 704
Accrued expenses 50,222 28,775
663,449 370,870

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans (see note 10) 79,375 151,875
Other loans (see note 10) 463,263 618,349
Hire purchase contracts 120,414 53,398
663,052 823,622

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 256,881 293,445

10. LOANS

An analysis of the maturity of loans is given below:

31/3/24 31/3/23
£    £   
Amounts falling due within one year or on demand:
Bank loans 72,500 72,500
Other loans 257,840 31,226
330,340 103,726

Amounts falling due between one and two years:
Bank loans - 1-2 years 72,500 72,500
Other loans - 1-2 years 57,840 231,226
130,340 303,726

Amounts falling due between two and five years:
Bank loans - 2-5 years 6,875 79,375
Other loans - 2-5 years 148,542 93,678
155,417 173,053

KEYMT INSTALLATION LTD (REGISTERED NUMBER: 06857865)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

10. LOANS - continued
31/3/24 31/3/23
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Other loans more 5yrs instal 256,881 293,445

11. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/3/23
£    £   
Hire purchase contracts 164,161 76,811
Aviation loan 409,833 449,575
573,994 526,386

12. PROVISIONS FOR LIABILITIES
31/3/24 31/3/23
£    £   
Deferred tax 138,717 95,762

Deferred
tax
£   
Balance at 1 April 2023 95,762
Charge to Income Statement during year 42,955
Balance at 31 March 2024 138,717

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
990 Ordinary £1 990 1,000
(31/3/23 - 1,000
)

10 Ordinary £1 shares were purchased by the company for a value of £1,000 on 25 July 2023.

KEYMT INSTALLATION LTD (REGISTERED NUMBER: 06857865)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31/3/24 31/3/23
£    £   
M J Bamber and Mrs A J Bamber
Balance outstanding at start of year 46,043 170,921
Amounts advanced 206,752 134,518
Amounts repaid (78,000 ) (259,396 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 174,795 46,043