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REGISTERED NUMBER: 01658461 (England and Wales)















Financial Statements

for the Year Ended 31 August 2024

for

KEYBURY SECURITY SYSTEMS LTD

KEYBURY SECURITY SYSTEMS LTD (REGISTERED NUMBER: 01658461)

Contents of the Financial Statements
for the Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEYBURY SECURITY SYSTEMS LTD

Company Information
for the Year Ended 31 August 2024







DIRECTORS: F J Gee
P E Gee
D F Lalor
P N Beebe
K F Gee
P P Marsh
J D Kendal





SECRETARY: F J Gee





REGISTERED OFFICE: Keybury House
Units 4 & 5 Worth Valley Enterprise Park
Valley Road
Keighley
West Yorkshire
BD21 4LN





REGISTERED NUMBER: 01658461 (England and Wales)





ACCOUNTANTS: Rawse, Varley & Co
Chartered Accountants
Lloyds Bank Chambers
Hustlergate
Bradford
BD1 1UQ

KEYBURY SECURITY SYSTEMS LTD (REGISTERED NUMBER: 01658461)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 455,658 500,444

CURRENT ASSETS
Stock 40,525 44,751
Debtors 5 294,600 277,498
Cash at bank 441,656 380,669
776,781 702,918
CREDITORS
Amounts falling due within one year 6 719,568 666,680
NET CURRENT ASSETS 57,213 36,238
TOTAL ASSETS LESS CURRENT
LIABILITIES

512,871

536,682

CREDITORS
Amounts falling due after more than one
year

7

(10,592

)

(36,629

)

PROVISIONS FOR LIABILITIES (42,507 ) (50,614 )
NET ASSETS 459,772 449,439

CAPITAL AND RESERVES
Called up share capital 9 4,000 4,000
Share premium 5,333 5,333
Capital redemption reserve 2,667 2,667
Retained earnings 447,772 437,439
SHAREHOLDERS' FUNDS 459,772 449,439

KEYBURY SECURITY SYSTEMS LTD (REGISTERED NUMBER: 01658461)

Balance Sheet - continued
31 August 2024


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

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

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 11 February 2025 and were signed on its behalf by:





F J Gee - Director


KEYBURY SECURITY SYSTEMS LTD (REGISTERED NUMBER: 01658461)

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

Keybury Security Systems 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.

Turnover
Turnover represents the invoice value of goods and services supplied in the year, excluding value added tax. In the case of service contracts income is recognised either in accordance with planned service visits or otherwise on a time apportioned basis, the proportion of contract income unrecognised at the balance sheet date being deferred to the following year to match more closely work done.

Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation.

Depreciation is calculated to write off the cost less estimated residual value of the assets over their expected useful lives at the following annual rates:

Freehold buildings -2% of cost
Freehold land-Nil
Fixtures, tools and equipment-25% of book value
Motor vehicles-25% of book value

Stock
Stock is stated at the lower of cost and net realisable value.

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.

Pension contributions
Pension contributions payable to the personal pension schemes of certain directors and contributions payable to the company's defined contribution pension scheme are charged to profit and loss account when incurred.

KEYBURY SECURITY SYSTEMS LTD (REGISTERED NUMBER: 01658461)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


2. ACCOUNTING POLICIES - continued

Leasing and hire purchase
Assets held under hire purchase and similar contracts are capitalised as tangible fixed assets and the corresponding liabilities to pay rentals are shown net of finance charges as hire purchase and similar obligations. The finance charge element of rentals is allocated so as to produce a constant periodic rate of charge on the remaining balance of the obligations for each accounting period.

Rentals under operating leases are charged to profit and loss account as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 45 ) .

4. TANGIBLE FIXED ASSETS
Land and Plant and
buildings equipment Totals
£    £    £   
COST
At 1 September 2023 373,562 410,286 783,848
Additions - 18,364 18,364
Disposals - (49,482 ) (49,482 )
At 31 August 2024 373,562 379,168 752,730
DEPRECIATION
At 1 September 2023 56,003 227,401 283,404
Charge for year 6,384 46,983 53,367
Eliminated on disposal - (39,699 ) (39,699 )
At 31 August 2024 62,387 234,685 297,072
NET BOOK VALUE
At 31 August 2024 311,175 144,483 455,658
At 31 August 2023 317,559 182,885 500,444

Plant and equipment with a net book value of £53,409 (2023 - £87,288) were held under hire purchase and similar contracts. The depreciation charge for the year in respect of these assets was £17,806 (2023 - £29,099).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 277,156 255,430
Other debtors 17,444 22,068
294,600 277,498

KEYBURY SECURITY SYSTEMS LTD (REGISTERED NUMBER: 01658461)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 23,720
Hire purchase contracts 26,037 40,096
Trade creditors 200,601 212,263
Corporation tax 48,015 3,215
Social security and other taxes 130,792 135,507
Accruals and deferred income 314,123 251,879
719,568 666,680

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 10,592 36,629

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 55,327 31,586
Between one and five years 57,511 35,880
112,838 67,466

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4,000 Ordinary £1 4,000 4,000

10. BANK SECURITY

Bank borrowings are secured by a debenture over the assets of the company. There were no such such borrowings outstanding at 31 August 2024 (2023 - £23,720).