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
Keyspring LTD
Statement of financial position
as at 31 May 2024
Tangible assets
107,142
109,703
Cash at bank and in hand
4,003
249
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)
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
Keyspring LTD
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 May 2024
107,142
-
107,142
At 31 May 2023
109,452
251
109,703
Amounts falling due within one year
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
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
54,226
49,126
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).