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REGISTERED NUMBER: 04201807 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

KEYLIGHT HIRE LIMITED

KEYLIGHT HIRE LIMITED (REGISTERED NUMBER: 04201807)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEYLIGHT HIRE LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2024







DIRECTOR: A Hambi





SECRETARY: Mrs N Hambi





REGISTERED OFFICE: Marlbridge House
Enterprise Way
Edenbridge
Kent
TN8 6HF





REGISTERED NUMBER: 04201807 (England and Wales)





ACCOUNTANTS: WBD Accountants Limited
Marlbridge House
Enterprise Way
Edenbridge
Kent
TN8 6HF

KEYLIGHT HIRE LIMITED (REGISTERED NUMBER: 04201807)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 29,132 80,593
Investments 5 - 14,000
29,132 94,593

CURRENT ASSETS
Debtors 6 56,789 93,236
Cash at bank 627,686 795,721
684,475 888,957
CREDITORS
Amounts falling due within one year 7 28,020 49,064
NET CURRENT ASSETS 656,455 839,893
TOTAL ASSETS LESS CURRENT
LIABILITIES

685,587

934,486

PROVISIONS FOR LIABILITIES 4,938 13,717
NET ASSETS 680,649 920,769

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 9 50 50
Retained earnings 9 680,549 920,669
SHAREHOLDERS' FUNDS 680,649 920,769

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

KEYLIGHT HIRE LIMITED (REGISTERED NUMBER: 04201807)

BALANCE SHEET - continued
31 August 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 28 May 2025 and were signed by:





A Hambi - Director


KEYLIGHT HIRE LIMITED (REGISTERED NUMBER: 04201807)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Keylight Hire 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 represents net invoiced sales of services, 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.
Short leasehold - 15% on cost
Plant and machinery - 33% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 33% on reducing balance
Computer equipment - 33% 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.

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.

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.

KEYLIGHT HIRE LIMITED (REGISTERED NUMBER: 04201807)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 26,103 465,816 491,919
Additions - 3,898 3,898
Disposals (26,103 ) (357,517 ) (383,620 )
At 31 August 2024 - 112,197 112,197
DEPRECIATION
At 1 September 2023 26,103 385,223 411,326
Charge for year - 14,639 14,639
Eliminated on disposal (26,103 ) (316,797 ) (342,900 )
At 31 August 2024 - 83,065 83,065
NET BOOK VALUE
At 31 August 2024 - 29,132 29,132
At 31 August 2023 - 80,593 80,593

5. FIXED ASSET INVESTMENTS

Purchase of a racing Greyhound less provision for diminution in value. 2024 £Nil (2023 £14,000).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 32,795 46,931
Other debtors 23,994 46,305
56,789 93,236

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 348 5,231
Taxation and social security 13,892 13,851
Other creditors 13,780 29,982
28,020 49,064

KEYLIGHT HIRE LIMITED (REGISTERED NUMBER: 04201807)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 5,900 14,356
Between one and five years 5,357 4,870
11,257 19,226

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 September 2023 920,669 50 920,719
Deficit for the year (218,120 ) (218,120 )
Dividends (22,000 ) (22,000 )
At 31 August 2024 680,549 50 680,599

10. RELATED PARTY DISCLOSURES

During the year the company charged Key Talent Ltd (a company owned by Mr Hambi) a management charge of £450 net (2023: £25,500) in respect of wages and overheads paid by Keylight Hire Ltd.
At the year end the company owed the director £7,411 (2023: £10,710).