Keymesh Limited 02842036 false 2024-02-01 2025-01-31 2025-01-31 The principal activity of the company is the supply of packaging materials Digita Accounts Production Advanced 6.30.9574.0 true true 02842036 2024-02-01 2025-01-31 02842036 2025-01-31 02842036 bus:OrdinaryShareClass1 2025-01-31 02842036 core:CapitalRedemptionReserve 2025-01-31 02842036 core:RetainedEarningsAccumulatedLosses 2025-01-31 02842036 core:ShareCapital 2025-01-31 02842036 core:CurrentFinancialInstruments 2025-01-31 02842036 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 02842036 core:MotorVehicles 2025-01-31 02842036 core:OfficeEquipment 2025-01-31 02842036 core:PlantMachinery 2025-01-31 02842036 bus:SmallEntities 2024-02-01 2025-01-31 02842036 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 02842036 bus:FilletedAccounts 2024-02-01 2025-01-31 02842036 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 02842036 bus:RegisteredOffice 2024-02-01 2025-01-31 02842036 bus:CompanySecretaryDirector1 2024-02-01 2025-01-31 02842036 bus:OrdinaryShareClass1 2024-02-01 2025-01-31 02842036 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 02842036 core:FurnitureFittings 2024-02-01 2025-01-31 02842036 core:MotorVehicles 2024-02-01 2025-01-31 02842036 core:OfficeEquipment 2024-02-01 2025-01-31 02842036 core:PlantMachinery 2024-02-01 2025-01-31 02842036 countries:EnglandWales 2024-02-01 2025-01-31 02842036 2024-01-31 02842036 core:MotorVehicles 2024-01-31 02842036 core:OfficeEquipment 2024-01-31 02842036 core:PlantMachinery 2024-01-31 02842036 2023-02-01 2024-01-31 02842036 2024-01-31 02842036 bus:OrdinaryShareClass1 2024-01-31 02842036 core:CapitalRedemptionReserve 2024-01-31 02842036 core:RetainedEarningsAccumulatedLosses 2024-01-31 02842036 core:ShareCapital 2024-01-31 02842036 core:CurrentFinancialInstruments 2024-01-31 02842036 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 02842036 core:MotorVehicles 2024-01-31 02842036 core:OfficeEquipment 2024-01-31 02842036 core:PlantMachinery 2024-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02842036

Keymesh Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

Keymesh Limited

(Registration number: 02842036)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

10,851

5,443

Current assets

 

Stocks

5

448

21,912

Debtors

6

47,982

55,987

Cash at bank and in hand

 

110,044

106,284

 

158,474

184,183

Creditors: Amounts falling due within one year

7

(59,086)

(93,852)

Net current assets

 

99,388

90,331

Total assets less current liabilities

 

110,239

95,774

Provisions for liabilities

(2,713)

-

Net assets

 

107,526

95,774

Capital and reserves

 

Called up share capital

8

25

25

Capital redemption reserve

75

75

Retained earnings

107,426

95,674

Shareholders' funds

 

107,526

95,774

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 14 March 2025
 

.........................................
Mr D N Aston
Company secretary and director

 

Keymesh Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Knighton House
62 Hagley Road
Stourbridge
West Midlands
DY8 1QD

These financial statements were authorised for issue by the director on 14 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Keymesh Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Fixtures and fittings

15% reducing balance

Plant and machinery

15% reducing balance

Motor vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Keymesh Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

 

Keymesh Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2024

10,750

2,863

17,995

31,608

Additions

-

-

12,795

12,795

Disposals

(10,750)

-

(17,995)

(28,745)

At 31 January 2025

-

2,863

12,795

15,658

Depreciation

At 1 February 2024

10,181

1,190

14,793

26,164

Charge for the year

-

418

3,199

3,617

Eliminated on disposal

(10,181)

-

(14,793)

(24,974)

At 31 January 2025

-

1,608

3,199

4,807

Carrying amount

At 31 January 2025

-

1,255

9,596

10,851

At 31 January 2024

569

1,672

3,202

5,443

5

Stocks

2025
£

2024
£

Finished goods and goods for resale

448

21,912

6

Debtors

Current

2025
£

2024
£

Trade debtors

43,982

55,975

Other debtors

4,000

12

 

47,982

55,987

 

Keymesh Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

44,431

67,596

Taxation and social security

13,404

25,005

Accruals and deferred income

1,251

1,251

59,086

93,852

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

25

25

25

25