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REGISTERED NUMBER: 06080538 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Key Systems Out Of Home Software Limited

Key Systems Out Of Home Software Limited (Registered number: 06080538)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Key Systems Out Of Home Software Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr M J Dillon
Mr M Nicholls
Mr J Axworthy
Mr R Laffar
Mr C Randhawa





SECRETARY:





REGISTERED OFFICE: Suite 208 Pacific House
Relay Point
Wilnecote
Tamworth
Staffordshire
B77 5PA





REGISTERED NUMBER: 06080538 (England and Wales)






Key Systems Out Of Home Software Limited (Registered number: 06080538)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,747 2,350

CURRENT ASSETS
Debtors 5 2,440,919 2,199,871
Cash at bank 421,315 126,150
2,862,234 2,326,021
CREDITORS
Amounts falling due within one year 6 391,319 260,766
NET CURRENT ASSETS 2,470,915 2,065,255
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,472,662

2,067,605

CAPITAL AND RESERVES
Called up share capital 206 206
Retained earnings 2,472,456 2,067,399
SHAREHOLDERS' FUNDS 2,472,662 2,067,605

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.

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 16 December 2024 and were signed on its behalf by:





Mr J Axworthy - Director


Key Systems Out Of Home Software Limited (Registered number: 06080538)

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

1. STATUTORY INFORMATION

Key Systems Out Of Home Software 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents amounts invoiced to and the value of work completed for external customers, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 50% on cost and 25% on cost

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.

Software development costs
Software development costs are written off to the profit and loss account in the period in which they are incurred.

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transactions. Exchange differences are taken into account in arriving at the operating profit.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account as incurred.

Key Systems Out Of Home Software Limited (Registered number: 06080538)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company makes contributions to defined contribution pension schemes. The pension cost for the schemes represents contributions payable by the company in the year. The assets of the schemes are held separately from those of the company in independently administered funds.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 25,328
Additions 3,366
Disposals (5,550 )
At 30 June 2024 23,144
DEPRECIATION
At 1 July 2023 22,978
Charge for year 3,969
Eliminated on disposal (5,550 )
At 30 June 2024 21,397
NET BOOK VALUE
At 30 June 2024 1,747
At 30 June 2023 2,350

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 161,668 423,150
Amounts owed by associates 2,272,603 1,772,603
Other debtors 6,648 4,118
2,440,919 2,199,871

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 21,391 12,421
Taxation and social security 317,086 197,032
Other creditors 52,842 51,313
391,319 260,766

Key Systems Out Of Home Software Limited (Registered number: 06080538)

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

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 26,146 26,934
Between one and five years 24,419 3,559
50,565 30,493

8. RELATED PARTY DISCLOSURES

Related party transactions conducted under normal market conditions have not been disclosed in accordance with section 1A of FRS 102.