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Registration number: 06442627

Keyteach Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Keyteach Ltd

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 5

 

Keyteach Ltd

Company Information

Directors

G R Sykes

Mrs C M Robinson

G M Rogers

Company secretary

N E Sykes

Registered office

3 Station View
Rhino Court Business Park
Hazel Grove
Cheshire
SK7 5ER

Accountants

Bright Partnership Ltd
Suite 1 Armcon Business Park
London Road South
Poynton
Stockport
Cheshire
SK12 1LQ

 

Keyteach Ltd

(Registration number: 06442627)
Statement of Financial Position as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

583,689

605,809

Current assets

 

Debtors

6

246,070

82,987

Cash at bank and in hand

 

305,850

449,053

 

551,920

532,040

Creditors: Amounts falling due within one year

7

(208,439)

(181,171)

Net current assets

 

343,481

350,869

Net assets

 

927,170

956,678

Capital and reserves

 

Called up share capital

445

445

Share premium reserve

2,520

2,520

Retained earnings

924,205

953,713

Shareholders' funds

 

927,170

956,678

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 March 2025 and signed on its behalf by:
 

.........................................
G R Sykes
Director

 

Keyteach Ltd

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

1

STATUTORY INFORMATION

Keyteach Ltd 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.

These financial statements were authorised for issue by the Board on 26 March 2025.

2

ACCOUNTING POLICIES

Basis of preparing the financial statements

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).


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

Tax

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.

Tangible assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings - 2% on cost
Plant and machinery etc - 50% on cost

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 persons employed by the company (including directors) during the year, was 19 (2023 - 17).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

24,261

23,985

 

Keyteach Ltd

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

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2023

744,776

325,056

1,069,832

Additions

-

2,141

2,141

At 30 June 2024

744,776

327,197

1,071,973

Depreciation

At 1 July 2023

147,262

316,761

464,023

Charge for the year

14,896

9,365

24,261

At 30 June 2024

162,158

326,126

488,284

Carrying amount

At 30 June 2024

582,618

1,071

583,689

At 30 June 2023

597,514

8,295

605,809

6

Debtors

Current

2024
£

2023
£

Trade debtors

233,156

76,180

Other debtors

12,914

6,807

 

246,070

82,987

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

-

35,648

Trade creditors

 

41,816

22,927

Taxation and social security

 

132,786

119,016

Other creditors

 

33,837

3,580

 

208,439

181,171

 

Keyteach Ltd

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

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

-

35,648