2023-06-012024-05-312024-05-31false12597249KEY RIGHT LTD2025-02-07falseiso4217:GBPxbrli:pure125972492023-06-01125972492024-05-31125972492023-06-012024-05-31125972492022-06-01125972492023-05-31125972492022-06-012023-05-3112597249bus:SmallEntities2023-06-012024-05-3112597249bus:AuditExempt-NoAccountantsReport2023-06-012024-05-3112597249bus:AbridgedAccounts2023-06-012024-05-3112597249bus:PrivateLimitedCompanyLtd2023-06-012024-05-3112597249core:WithinOneYear2024-05-3112597249core:AfterOneYear2024-05-3112597249core:WithinOneYear2023-05-3112597249core:AfterOneYear2023-05-3112597249core:ShareCapital2024-05-3112597249core:SharePremium2024-05-3112597249core:RevaluationReserve2024-05-3112597249core:OtherReservesSubtotal2024-05-3112597249core:RetainedEarningsAccumulatedLosses2024-05-3112597249core:ShareCapital2023-05-3112597249core:SharePremium2023-05-3112597249core:RevaluationReserve2023-05-3112597249core:OtherReservesSubtotal2023-05-3112597249core:RetainedEarningsAccumulatedLosses2023-05-3112597249core:LandBuildings2024-05-3112597249core:PlantMachinery2024-05-3112597249core:Vehicles2024-05-3112597249core:FurnitureFittings2024-05-3112597249core:OfficeEquipment2024-05-3112597249core:NetGoodwill2024-05-3112597249core:IntangibleAssetsOtherThanGoodwill2024-05-3112597249core:ListedExchangeTraded2024-05-3112597249core:UnlistedNon-exchangeTraded2024-05-3112597249core:LandBuildings2023-05-3112597249core:PlantMachinery2023-05-3112597249core:Vehicles2023-05-3112597249core:FurnitureFittings2023-05-3112597249core:OfficeEquipment2023-05-3112597249core:NetGoodwill2023-05-3112597249core:IntangibleAssetsOtherThanGoodwill2023-05-3112597249core:ListedExchangeTraded2023-05-3112597249core:UnlistedNon-exchangeTraded2023-05-3112597249core:LandBuildings2023-06-012024-05-3112597249core:PlantMachinery2023-06-012024-05-3112597249core:Vehicles2023-06-012024-05-3112597249core:FurnitureFittings2023-06-012024-05-3112597249core:OfficeEquipment2023-06-012024-05-3112597249core:NetGoodwill2023-06-012024-05-3112597249core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3112597249core:ListedExchangeTraded2023-06-012024-05-3112597249core:UnlistedNon-exchangeTraded2023-06-012024-05-3112597249core:MoreThanFiveYears2023-06-012024-05-3112597249core:Non-currentFinancialInstruments2024-05-3112597249core:Non-currentFinancialInstruments2023-05-3112597249dpl:CostSales2023-06-012024-05-3112597249dpl:DistributionCosts2023-06-012024-05-3112597249core:LandBuildings2023-06-012024-05-3112597249core:PlantMachinery2023-06-012024-05-3112597249core:Vehicles2023-06-012024-05-3112597249core:FurnitureFittings2023-06-012024-05-3112597249core:OfficeEquipment2023-06-012024-05-3112597249dpl:AdministrativeExpenses2023-06-012024-05-3112597249core:NetGoodwill2023-06-012024-05-3112597249core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3112597249dpl:GroupUndertakings2023-06-012024-05-3112597249dpl:ParticipatingInterests2023-06-012024-05-3112597249dpl:GroupUndertakingscore:ListedExchangeTraded2023-06-012024-05-3112597249core:ListedExchangeTraded2023-06-012024-05-3112597249dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-06-012024-05-3112597249core:UnlistedNon-exchangeTraded2023-06-012024-05-3112597249dpl:CostSales2022-06-012023-05-3112597249dpl:DistributionCosts2022-06-012023-05-3112597249core:LandBuildings2022-06-012023-05-3112597249core:PlantMachinery2022-06-012023-05-3112597249core:Vehicles2022-06-012023-05-3112597249core:FurnitureFittings2022-06-012023-05-3112597249core:OfficeEquipment2022-06-012023-05-3112597249dpl:AdministrativeExpenses2022-06-012023-05-3112597249core:NetGoodwill2022-06-012023-05-3112597249core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3112597249dpl:GroupUndertakings2022-06-012023-05-3112597249dpl:ParticipatingInterests2022-06-012023-05-3112597249dpl:GroupUndertakingscore:ListedExchangeTraded2022-06-012023-05-3112597249core:ListedExchangeTraded2022-06-012023-05-3112597249dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-06-012023-05-3112597249core:UnlistedNon-exchangeTraded2022-06-012023-05-3112597249core:NetGoodwill2024-05-3112597249core:IntangibleAssetsOtherThanGoodwill2024-05-3112597249core:LandBuildings2024-05-3112597249core:PlantMachinery2024-05-3112597249core:Vehicles2024-05-3112597249core:FurnitureFittings2024-05-3112597249core:OfficeEquipment2024-05-3112597249core:AfterOneYear2024-05-3112597249core:WithinOneYear2024-05-3112597249core:ListedExchangeTraded2024-05-3112597249core:UnlistedNon-exchangeTraded2024-05-3112597249core:ShareCapital2024-05-3112597249core:SharePremium2024-05-3112597249core:RevaluationReserve2024-05-3112597249core:OtherReservesSubtotal2024-05-3112597249core:RetainedEarningsAccumulatedLosses2024-05-3112597249core:NetGoodwill2023-05-3112597249core:IntangibleAssetsOtherThanGoodwill2023-05-3112597249core:LandBuildings2023-05-3112597249core:PlantMachinery2023-05-3112597249core:Vehicles2023-05-3112597249core:FurnitureFittings2023-05-3112597249core:OfficeEquipment2023-05-3112597249core:AfterOneYear2023-05-3112597249core:WithinOneYear2023-05-3112597249core:Liste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KEY RIGHT LTD

Registered Number
12597249
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

KEY RIGHT LTD
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

WOODWARD, James Gareth

Registered Address

32 Siltside
Gosberton Risegate
Spalding
PE11 4ET

Registered Number

12597249 (England and Wales)
KEY RIGHT LTD
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,9584,566
1,9584,566
Current assets
Stocks4,3004,417
Debtors5936,182
Cash at bank and on hand12,22616,159
17,11926,758
Creditors amounts falling due within one year(5,282)(12,311)
Net current assets (liabilities)11,83714,447
Total assets less current liabilities13,79519,013
Net assets13,79519,013
Capital and reserves
Called up share capital1010
Profit and loss account13,78519,003
Shareholders' funds13,79519,013
The financial statements were approved and authorised for issue by the Director on 7 February 2025, and are signed on its behalf by:
WOODWARD, James Gareth
Director
Registered Company No. 12597249
KEY RIGHT LTD
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery5
Vehicles5
Office Equipment3
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 June 2313,060
At 31 May 2413,060
Depreciation and impairment
At 01 June 238,495
Charge for year2,607
At 31 May 2411,102
Net book value
At 31 May 241,958
At 31 May 234,566