2023-09-01 04267680 2024-08-31 04267680 2023-09-01 2024-08-31 04267680 2023-08-31 04267680 2022-09-01 2023-08-31 04267680 uk-core:WithinOneYear 2023-08-31 04267680 uk-core:WithinOneYear 2024-08-31 04267680 uk-core:ShareCapital 2024-08-31 04267680 uk-core:ShareCapital 2023-08-31 04267680 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 04267680 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 04267680 uk-bus:Director1 2023-09-01 2024-08-31 04267680 uk-core:ComputerEquipment 2023-09-01 2024-08-31 04267680 uk-core:FurnitureFittings 2023-09-01 2024-08-31 04267680 uk-core:ComputerEquipment 2023-08-31 04267680 uk-core:FurnitureFittings 2023-08-31 04267680 uk-core:FurnitureFittings 2024-08-31 04267680 uk-core:ComputerEquipment 2024-08-31 iso4217:GBP xbrli:pure 04267680 uk-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 04267680 uk-bus:FRS102 2023-09-01 2024-08-31 04267680 uk-bus:FilletedAccounts 2023-09-01 2024-08-31 04267680 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31
Candidate is Key Ltd
Registered Number:04267680
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2024
Candidate is Key Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
04267680
As at 31 August 2024
Candidate is Key Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
897
1,264
2
897
1,264
Current assets
Trade and other receivables
458
399
3
41
Cash and cash equivalents
11
410
499
Trade and other payables: amounts falling due within one year
(7,312)
(10,146)
4
(6,813)
(9,736)
Net current liabilities
Total assets less current liabilities
(8,839)
(5,549)
(8,839)
Net liabilities
(5,549)
Capital and reserves
Called up share capital
100
100
Retained earnings
(8,939)
(5,649)
(8,839)
(5,549)
Shareholders' funds
For the year ended 31 August 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Dr M Watson Director
These financial statements were approved and authorised for issue by the Board on 27 May 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 August 2024
Candidate is Key Ltd
Notes to the Financial Statements
Statutory Information
Candidate is Key Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
04267680.
Registered address:
85 Great Portland Street
London
W1W 7LT
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention.
The financial statements have also been prepared on a going concern basis. The company's ongoing activities are dependent
upon the continued support of the director who has undertaken to provide such support for the foreseeable future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their
recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long
term liabilities as current liabilities.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
33.33% Reducing balance
Computer Equipt & Web-site
20.00% Reducing balance
Furniture and Fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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5
For the year ended 31 August 2024
Candidate is Key Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipt &
Web-site
Furniture and
Fittings
£
£
£
Cost or valuation
At 01 September 2023
4,246
3,246
1,000
At 31 August 2024
1,000
3,246
4,246
Provision for depreciation and impairment
At 01 September 2023
2,982
2,392
590
Charge for year
367
285
82
At 31 August 2024
3,349
2,677
672
At 31 August 2024
Net book value
328
569
897
At 31 August 2023
410
854
1,264
3. Trade and other receivables
2023
2024
£
£
Other debtors
399
458
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Other creditors
10,146
7,312
5. Related party transactions
The company is controlled by its director, Dr M Watson, by virtue of his 100% shareholding in the company.
6. Average number of persons employed
During the year the average number of employees was 0 (2023 : 1)
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