IRIS Accounts Production v24.3.2.46 11703659 Board of Directors Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh117036592023-09-30117036592024-09-30117036592023-10-012024-09-30117036592022-09-30117036592022-10-012023-09-30117036592023-09-3011703659ns15:EnglandWales2023-10-012024-09-3011703659ns14:PoundSterling2023-10-012024-09-3011703659ns10:Director12023-10-012024-09-3011703659ns10:Director22023-10-012024-09-3011703659ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3011703659ns10:SmallEntities2023-10-012024-09-3011703659ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3011703659ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3011703659ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3011703659ns10:FullAccounts2023-10-012024-09-3011703659ns10:RegisteredOffice2023-10-012024-09-3011703659ns5:CurrentFinancialInstruments2024-09-3011703659ns5:CurrentFinancialInstruments2023-09-3011703659ns5:Non-currentFinancialInstruments2024-09-3011703659ns5:Non-currentFinancialInstruments2023-09-3011703659ns5:ShareCapital2024-09-3011703659ns5:ShareCapital2023-09-3011703659ns5:RetainedEarningsAccumulatedLosses2024-09-3011703659ns5:RetainedEarningsAccumulatedLosses2023-09-3011703659ns5:FurnitureFittings2023-10-012024-09-3011703659ns5:MotorVehicles2023-10-012024-09-3011703659ns5:ComputerEquipment2023-10-012024-09-3011703659ns5:PlantMachinery2023-09-3011703659ns5:PlantMachinery2023-10-012024-09-3011703659ns5:PlantMachinery2024-09-3011703659ns5:PlantMachinery2023-09-3011703659ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3011703659ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3011703659ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-09-3011703659ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-09-30
REGISTERED NUMBER: 11703659 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Keynet Solutions Limited

Keynet Solutions Limited (Registered number: 11703659)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Keynet Solutions Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: G Clark
K Dowling





REGISTERED OFFICE: Suite 18, iMex House
575-599 Maxted Road
Hemel Hempstead
Hertfordshire
HP2 7DX





REGISTERED NUMBER: 11703659 (England and Wales)





ACCOUNTANTS: Thompsons Accountancy Services Limited
Chartered Accountants
Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ

Keynet Solutions Limited (Registered number: 11703659)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 7,107 10,531

CURRENT ASSETS
Stocks 63,505 2,707
Debtors 6 543,171 377,369
Cash at bank 337,163 175,618
943,839 555,694
CREDITORS
Amounts falling due within one year 7 695,517 379,016
NET CURRENT ASSETS 248,322 176,678
TOTAL ASSETS LESS CURRENT
LIABILITIES

255,429

187,209

CREDITORS
Amounts falling due after more than one
year

8

(25,198

)

(57,896

)

PROVISIONS FOR LIABILITIES (1,777 ) (2,633 )
NET ASSETS 228,454 126,680

CAPITAL AND RESERVES
Allotted, called up and fully
paid share capital 100 100
Retained earnings 228,354 126,580
228,454 126,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Keynet Solutions Limited (Registered number: 11703659)

Statement of Financial Position - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by:




G Clark - Director



K Dowling - Director


Keynet Solutions Limited (Registered number: 11703659)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Keynet Solutions Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 50% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Keynet Solutions Limited (Registered number: 11703659)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 27,571
Additions 1,000
Disposals (4,318 )
At 30 September 2024 24,253
DEPRECIATION
At 1 October 2023 17,040
Charge for year 4,321
Eliminated on disposal (4,215 )
At 30 September 2024 17,146
NET BOOK VALUE
At 30 September 2024 7,107
At 30 September 2023 10,531

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 493,978 333,922
Other debtors 3,125 26,952
Directors' current accounts 10,000 180
VAT 25,880 8,280
Prepayments 10,188 8,035
543,171 377,369

Keynet Solutions Limited (Registered number: 11703659)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other loans 30,000 30,000
Hire purchase contracts 2,698 2,698
Trade creditors 458,653 250,956
Tax 169,415 83,901
Social security and other taxes 12,168 7,961
Other creditors 4,393 2,745
Accrued expenses 18,190 755
695,517 379,016

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Other loans - 1-2 years 22,500 30,000
Other loans more 5yrs instal - 22,500
Hire purchase contracts 2,698 5,396
25,198 57,896

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal - 22,500