IRIS Accounts Production v24.3.2.46 02421025 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false Ordinary 1.00000 Preference Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh024210252023-04-30024210252024-04-30024210252023-05-012024-04-30024210252022-04-30024210252022-05-012023-04-30024210252023-04-3002421025ns15:EnglandWales2023-05-012024-04-3002421025ns14:PoundSterling2023-05-012024-04-3002421025ns10:Director12023-05-012024-04-3002421025ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3002421025ns10:SmallEntities2023-05-012024-04-3002421025ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3002421025ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3002421025ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3002421025ns10:FullAccounts2023-05-012024-04-3002421025ns10:OrdinaryShareClass12023-05-012024-04-3002421025ns10:OrdinaryShareClass22023-05-012024-04-3002421025ns10:Director22023-05-012024-04-3002421025ns10:RegisteredOffice2023-05-012024-04-3002421025ns5:CurrentFinancialInstruments2024-04-3002421025ns5:CurrentFinancialInstruments2023-04-3002421025ns5:Non-currentFinancialInstruments2024-04-3002421025ns5:Non-currentFinancialInstruments2023-04-3002421025ns5:ShareCapital2024-04-3002421025ns5:ShareCapital2023-04-3002421025ns5:SharePremium2024-04-3002421025ns5:SharePremium2023-04-3002421025ns5:CapitalRedemptionReserve2024-04-3002421025ns5:CapitalRedemptionReserve2023-04-3002421025ns5:FurtherSpecificReserve1ComponentTotalEquity2024-04-3002421025ns5:FurtherSpecificReserve1ComponentTotalEquity2023-04-3002421025ns5:RetainedEarningsAccumulatedLosses2024-04-3002421025ns5:RetainedEarningsAccumulatedLosses2023-04-3002421025ns5:PlantMachinery2023-05-012024-04-3002421025ns5:FurnitureFittings2023-05-012024-04-3002421025ns5:PlantMachinery2023-04-3002421025ns5:FurnitureFittings2023-04-3002421025ns5:PlantMachinery2024-04-3002421025ns5:FurnitureFittings2024-04-3002421025ns5:PlantMachinery2023-04-3002421025ns5:FurnitureFittings2023-04-3002421025ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3002421025ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3002421025ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-04-3002421025ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-04-3002421025ns10:OrdinaryShareClass12024-04-3002421025ns10:OrdinaryShareClass22024-04-30
REGISTERED NUMBER: 02421025 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

KEY POINTS LIMITED

KEY POINTS LIMITED (REGISTERED NUMBER: 02421025)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEY POINTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr Peter Ferguson Brazier
Mr Raymond John Mackie





REGISTERED OFFICE: Valley Court Lower Road
Croydon
Royston
Hertfordshire
SG8 0HF





BUSINESS ADDRESS: Unit 7 Valley Court Offices
Lower Road
Croydon
Royston
Hertfordshire
SG8 0HF





REGISTERED NUMBER: 02421025 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

KEY POINTS LIMITED (REGISTERED NUMBER: 02421025)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 13,728 15,415

CURRENT ASSETS
Stocks 6 20,940 33,930
Debtors 7 40,299 57,806
Cash at bank and in hand 51,999 19,609
113,238 111,345
CREDITORS
Amounts falling due within one year 8 (65,096 ) (92,420 )
NET CURRENT ASSETS 48,142 18,925
TOTAL ASSETS LESS CURRENT LIABILITIES 61,870 34,340

CREDITORS
Amounts falling due after more than one
year

9

(11,482

)

-
NET ASSETS 50,388 34,340

CAPITAL AND RESERVES
Called up share capital 11 35,133 35,133
Share premium (8,500 ) (8,500 )
Capital redemption reserve 20 20
Other reserves 42,036 42,036
Retained earnings (18,301 ) (34,349 )
SHAREHOLDERS' FUNDS 50,388 34,340

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

KEY POINTS LIMITED (REGISTERED NUMBER: 02421025)

BALANCE SHEET - continued
30 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2025 and were signed on its behalf by:





Mr Peter Ferguson Brazier - Director


KEY POINTS LIMITED (REGISTERED NUMBER: 02421025)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Key Points 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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.

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.

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.

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.


KEY POINTS LIMITED (REGISTERED NUMBER: 02421025)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

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.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 2 ) .

KEY POINTS LIMITED (REGISTERED NUMBER: 02421025)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 May 2023 379,269 21,477 400,746
Additions - 676 676
At 30 April 2024 379,269 22,153 401,422
DEPRECIATION
At 1 May 2023 364,836 20,495 385,331
Charge for year 2,165 198 2,363
At 30 April 2024 367,001 20,693 387,694
NET BOOK VALUE
At 30 April 2024 12,268 1,460 13,728
At 30 April 2023 14,433 982 15,415

6. STOCKS
2024 2023
£    £   
Stocks 20,940 33,930

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 39,164 56,671
Loan account - Key Points Euro 417 417
Prepayments 718 718
40,299 57,806

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 2,222 15,760
Payments on account 37,907 37,907
Trade creditors 3,869 13,557
Social security and other taxes 985 864
VAT 13,695 9,514
Directors' current accounts 3,118 13,168
Accrued expenses 3,300 1,650
65,096 92,420

KEY POINTS LIMITED (REGISTERED NUMBER: 02421025)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 10) 11,482 -

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 2,222 15,760

Amounts falling due between two and five years:
Bank loans - 2-5 years 11,482 -

The company borrowed £ 50,000 from its bankers in June 2020 under the bounce bank loan scheme. The company repaid £ 30,000 in June 2021 and then commenced repayments.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
133 Ordinary £1 133 133
35,000 Preference Shares £1 35,000 35,000
35,133 35,133