1 June 2023 false No description of principal activity Taxfiler 2024.6 11349941business:PrivateLimitedCompanyLtd2023-06-012024-05-31 113499412023-05-31 113499412023-06-012024-05-31 11349941business:AuditExempt-NoAccountantsReport2023-06-012024-05-31 11349941business:FilletedAccounts2023-06-012024-05-31 113499412024-05-31 11349941business:Director12023-06-012024-05-31 11349941business:RegisteredOffice2023-06-012024-05-31 113499412023-05-31 11349941core:WithinOneYear2024-05-31 11349941core:WithinOneYear2023-05-31 11349941core:AfterOneYear2024-05-31 11349941core:AfterOneYear2023-05-31 11349941core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 11349941core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 11349941core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 11349941core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 11349941core:PreviouslyStatedAmount2024-05-31 11349941core:PreviouslyStatedAmount2023-05-31 11349941business:SmallEntities2023-06-012024-05-31 11349941countries:EnglandWales2023-06-012024-05-31 11349941core:LandBuildings2023-06-012024-05-31 11349941core:MotorVehicles2023-06-012024-05-31 11349941core:LandBuildings2023-05-31 11349941core:MotorVehicles2023-05-31 11349941core:LandBuildings2024-05-31 11349941core:MotorVehicles2024-05-31 113499412022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 11349941 (England and Wales)
Keyspring LTD accounts for the year ended 31 May 2024
Keyspring LTD Company Information for the year ended 31 May 2024
Director
Oludamilola Adagbada
Company Number
11349941 (England and Wales)
Registered Office
24 Acomb Gardens Newcastle upon Tyne NE5 2RY United Kingdom
Accountants
Avinu Consulting Limited 85 Great Portland Street London W1W 7LT
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Keyspring LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
107,142 
109,703 
Current assets
Debtors
5,400 
5,450 
Cash at bank and in hand
4,003 
249 
9,403 
5,699 
Creditors: amounts falling due within one year
(8,715)
(343)
Net current assets
688 
5,356 
Total assets less current liabilities
107,830 
115,059 
Creditors: amounts falling due after more than one year
(85,943)
(93,744)
Net assets
21,887 
21,315 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
21,787 
21,215 
Shareholders' funds
21,887 
21,315 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 February 2025 and were signed on its behalf by
Oludamilola Adagbada Director Company Registration No. 11349941
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Keyspring LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Keyspring LTD is a private company, limited by shares, registered in England and Wales, registration number 11349941. The registered office is 24 Acomb Gardens, Newcastle upon Tyne, NE5 2RY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% Straight-line method
Motor vehicles
20% Straight-line method
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
115,490 
3,500 
118,990 
At 31 May 2024
115,490 
3,500 
118,990 
Depreciation
At 1 June 2023
6,038 
3,249 
9,287 
Charge for the year
2,310 
251 
2,561 
At 31 May 2024
8,348 
3,500 
11,848 
Net book value
At 31 May 2024
107,142 
- 
107,142 
At 31 May 2023
109,452 
251 
109,703 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
5,400 
5,450 
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Keyspring LTD Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,450 
- 
Taxes and social security
655 
43 
Other creditors
1,310 
- 
Accruals
300 
300 
8,715 
343 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
31,717 
44,618 
Loans from directors
54,226 
49,126 
85,943 
93,744 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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