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REGISTERED NUMBER: 11346062 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

FOR

KEYSTON GROUP LIMITED

KEYSTON GROUP LIMITED (REGISTERED NUMBER: 11346062)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEYSTON GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DIRECTOR: S Ward





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 11346062 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

KEYSTON GROUP LIMITED (REGISTERED NUMBER: 11346062)

BALANCE SHEET
5 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,665 16,195

CURRENT ASSETS
Stocks 12,000 104,327
Debtors 5 53,352 32,341
Cash at bank 1,444 1,761
66,796 138,429
CREDITORS
Amounts falling due within one year 6 68,240 137,582
NET CURRENT (LIABILITIES)/ASSETS (1,444 ) 847
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,221

17,042

CREDITORS
Amounts falling due after more than one
year

7

7,859

23,002
NET LIABILITIES (2,638 ) (5,960 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (2,738 ) (6,060 )
SHAREHOLDERS' FUNDS (2,638 ) (5,960 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KEYSTON GROUP LIMITED (REGISTERED NUMBER: 11346062)

BALANCE SHEET - continued
5 APRIL 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 director and authorised for issue on 4 April 2025 and were signed by:





S Ward - Director


KEYSTON GROUP LIMITED (REGISTERED NUMBER: 11346062)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1. STATUTORY INFORMATION

Keyston Group 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.
Equipment - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

KEYSTON GROUP LIMITED (REGISTERED NUMBER: 11346062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
Equipment vehicles equipment Totals
£    £    £    £   
COST
At 6 April 2023 3,345 35,840 - 39,185
Additions - - 412 412
Disposals - (20,040 ) - (20,040 )
At 5 April 2024 3,345 15,800 412 19,557
DEPRECIATION
At 6 April 2023 1,830 21,160 - 22,990
Charge for year 303 1,294 137 1,734
Eliminated on disposal - (11,832 ) - (11,832 )
At 5 April 2024 2,133 10,622 137 12,892
NET BOOK VALUE
At 5 April 2024 1,212 5,178 275 6,665
At 5 April 2023 1,515 14,680 - 16,195

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 46,439 31,348
Other debtors 6,913 993
53,352 32,341

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,113 5,962
Hire purchase contracts 2,383 6,042
Trade creditors 928 37,740
Tax 8,489 15,317
Social security and other taxes 2,583 2,156
VAT 4,308 7,875
Directors' current accounts 39,946 58,290
Accrued expenses 3,490 4,200
68,240 137,582

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 7,859 13,974
Hire purchase contracts - 9,028
7,859 23,002

KEYSTON GROUP LIMITED (REGISTERED NUMBER: 11346062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 13,440 19,936
Hire purchase contracts 2,383 15,070
15,823 35,006

The hire purchase is secured against the asset to which it relates.

The Company drew down a Bounce Back Loan in June 2020 which is part of the Bounce Back Loan Scheme, and hence backed by a UK Government guarantee for the full amount outstanding.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 6 April 2023 (6,060 )
Profit for the year 3,322
At 5 April 2024 (2,738 )

11. GOING CONCERN NOTE

At the balance sheet date the company had net deficiency of assets of £2,638, and was therefore dependant upon the continued support from its principle creditor, including the director.

The director has confirmed that he will continue to support the company for the foreseeable future.

The financial statements have therefore been prepared on the going concern basis.