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REGISTERED NUMBER: 03496912 (England and Wales)















Financial Statements for the Year Ended 31 January 2025

for

KEITH HANDY DESIGN LIMITED

KEITH HANDY DESIGN LIMITED (REGISTERED NUMBER: 03496912)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


KEITH HANDY DESIGN LIMITED (REGISTERED NUMBER: 03496912)

Statement of Financial Position
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 5,312 5,628
5,312 5,628

CURRENT ASSETS
Stocks 230,092 166,920
Debtors 7 155,397 130,077
Cash at bank 865,788 1,064,268
1,251,277 1,361,265
CREDITORS
Amounts falling due within one year 8 85,678 203,294
NET CURRENT ASSETS 1,165,599 1,157,971
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,170,911

1,163,599

PROVISIONS FOR LIABILITIES 1,009 1,069
NET ASSETS 1,169,902 1,162,530

CAPITAL AND RESERVES
Called up share capital 100 3
Retained earnings 1,169,802 1,162,527
SHAREHOLDERS' FUNDS 1,169,902 1,162,530

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

KEITH HANDY DESIGN LIMITED (REGISTERED NUMBER: 03496912)

Statement of Financial Position - continued
31 January 2025


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 Board of Directors and authorised for issue on 15 July 2025 and were signed on its behalf by:





Elizabeth Joy Handy - Director


KEITH HANDY DESIGN LIMITED (REGISTERED NUMBER: 03496912)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Keith Handy Design Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 03496912 and the registered office address is Granville House, Granville Terrace, Stone, Staffordshire, ST15 8DF.

The principal activity during the year was that of design, product engineering, development and manufacturing.

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

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the going concern basis and under the historical cost convention.

Significant judgements and estimates
The preparation of the financial statements in conformity with generally accepted accounting principles requires the Directors to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results in the future could differ from those estimates. Management considers that certain accounting assumptions relating to research and development, revenue, taxation and provisions are its critical accounting policies.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred in respect of the transaction can be measured reliably.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

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
Motor vehicles - 25% on cost
Computer equipment - 30% on reducing balance

Stocks
Stock is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.


KEITH HANDY DESIGN LIMITED (REGISTERED NUMBER: 03496912)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

3. ACCOUNTING POLICIES - continued
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 statement of financial position date.

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.

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

5. INTANGIBLE FIXED ASSETS
Developmen
costs
£   
COST
At 1 February 2024
and 31 January 2025 25,000
AMORTISATION
At 1 February 2024
and 31 January 2025 25,000
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 -

KEITH HANDY DESIGN LIMITED (REGISTERED NUMBER: 03496912)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

6. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2024 24,417 22,159 25,082 71,658
Additions - - 1,245 1,245
At 31 January 2025 24,417 22,159 26,327 72,903
DEPRECIATION
At 1 February 2024 21,072 22,159 22,799 66,030
Charge for year 502 - 1,059 1,561
At 31 January 2025 21,574 22,159 23,858 67,591
NET BOOK VALUE
At 31 January 2025 2,843 - 2,469 5,312
At 31 January 2024 3,345 - 2,283 5,628

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 134,218 105,228
Amounts owed by group undertakings 1,471 -
Other debtors 19,708 24,849
155,397 130,077

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade creditors (282 ) 28,838
Taxation and social security 7,669 11,911
Other creditors 78,291 162,545
85,678 203,294