Acorah Software Products - Accounts Production 16.2.800 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 06168252 Mr Kieran Montgomery Mr Kieran Montgomery iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06168252 2023-03-31 06168252 2024-03-31 06168252 2023-04-01 2024-03-31 06168252 frs-core:Non-currentFinancialInstruments 2024-03-31 06168252 frs-core:ComputerEquipment 2023-04-01 2024-03-31 06168252 frs-core:FurnitureFittings 2023-04-01 2024-03-31 06168252 frs-core:MotorVehicles 2023-04-01 2024-03-31 06168252 frs-core:PlantMachinery 2023-04-01 2024-03-31 06168252 frs-core:ShareCapital 2024-03-31 06168252 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06168252 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06168252 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 06168252 frs-bus:SmallEntities 2023-04-01 2024-03-31 06168252 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06168252 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06168252 frs-bus:Director1 2023-04-01 2024-03-31 06168252 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 06168252 frs-countries:EnglandWales 2023-04-01 2024-03-31 06168252 2022-03-31 06168252 2023-03-31 06168252 2022-04-01 2023-03-31 06168252 frs-core:Non-currentFinancialInstruments 2023-03-31 06168252 frs-core:ShareCapital 2023-03-31 06168252 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 06168252
Key Security (UK) Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 06168252
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 42,757 48,604
42,757 48,604
CURRENT ASSETS
Stocks 100,000 -
Debtors 1,919,342 1,363,643
Cash at bank and in hand 1,345 2,488
2,020,687 1,366,131
Creditors: Amounts Falling Due Within One Year (1,671,888 ) (1,005,105 )
NET CURRENT ASSETS (LIABILITIES) 348,799 361,026
TOTAL ASSETS LESS CURRENT LIABILITIES 391,556 409,630
Creditors: Amounts Falling Due After More Than One Year (104,740 ) (123,356 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (9,235 )
NET ASSETS 286,816 277,039
CAPITAL AND RESERVES
Called up share capital 5 12 12
Profit and Loss Account 286,804 277,027
SHAREHOLDERS' FUNDS 286,816 277,039
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Kieran Montgomery
Director
26/03/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Key Security (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06168252 . The registered office is Rcm Business Centre, Dewsbury Road, Ossett, WF5 9ND.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% WDV
Motor Vehicles 25% WDV
Fixtures & Fittings 20% WDV
Computer Equipment 33% SLM
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 54 (2023: 60)
54 60
4. Tangible Assets
Total
£
Cost
As at 1 April 2023 284,984
As at 31 March 2024 284,984
Depreciation
As at 1 April 2023 236,380
Provided during the period 5,847
As at 31 March 2024 242,227
Net Book Value
As at 31 March 2024 42,757
As at 1 April 2023 48,604
Page 3
Page 4
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 12 12
6. Pension Commitments
The company operates a defined contribution pension scheme for. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £28,484 (PY - Nil) were due to the fund. They are included in Other Creditors.
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