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REGISTERED NUMBER: 06927541 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Key Cars Trading Limited

Key Cars Trading Limited (Registered number: 06927541)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Key Cars Trading Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: R A Keeling
Mrs L Keeling





SECRETARY: Mrs L Keeling





REGISTERED OFFICE: 80-82 Alma Road
Bournemouth
Dorset
BH9 1AN





REGISTERED NUMBER: 06927541 (England and Wales)





ACCOUNTANTS: Anaxes Ltd
34 Station Road
Poole
Dorset
BH14 8UD

Key Cars Trading Limited (Registered number: 06927541)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 830 313

CURRENT ASSETS
Stocks 5 274,360 295,861
Debtors 6 13,381 13,375
Cash at bank and in hand 93,122 195
380,863 309,431
CREDITORS
Amounts falling due within one year 7 101,548 75,662
NET CURRENT ASSETS 279,315 233,769
TOTAL ASSETS LESS CURRENT
LIABILITIES

280,145

234,082

CREDITORS
Amounts falling due after more than one
year

8

(9,167

)

(19,167

)

PROVISIONS FOR LIABILITIES (208 ) (64 )
NET ASSETS 270,770 214,851

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 270,670 214,751
SHAREHOLDERS' FUNDS 270,770 214,851

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

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

Key Cars Trading Limited (Registered number: 06927541)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2025 and were signed on its behalf by:





R A Keeling - Director


Key Cars Trading Limited (Registered number: 06927541)

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

1. STATUTORY INFORMATION

Key Cars Trading 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.

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 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.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Key Cars Trading Limited (Registered number: 06927541)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 1,894 2,652 4,546
Additions - 1,082 1,082
At 30 June 2024 1,894 3,734 5,628
DEPRECIATION
At 1 July 2023 1,894 2,339 4,233
Charge for year - 565 565
At 30 June 2024 1,894 2,904 4,798
NET BOOK VALUE
At 30 June 2024 - 830 830
At 30 June 2023 - 313 313

5. STOCKS
30.6.24 30.6.23
£    £   
Stocks 274,360 310,355
Payments on account - (14,494 )
274,360 295,861

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 8,506 -
Other debtors 4,875 13,375
13,381 13,375

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 10,000 14,365
Trade creditors 1,232 270
Taxation and social security 65,747 56,039
Other creditors 24,569 4,988
101,548 75,662

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 9,167 19,167