11677009falseSUPPLY OF KEYS AND LOCKS FOR COMMERCIAL AND RESIDENTIAL PURPOSES2023-12-012024-11-30http://www.companieshouse.gov.uk/2023-11-30http://www.companieshouse.gov.uk/cd:CompanySecretary12023-12-012024-11-30http://www.companieshouse.gov.uk/pt:PlantMachinery2023-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-11-30http://www.companieshouse.gov.uk/cd:Director12023-12-012024-11-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-11-30http://www.companieshouse.gov.uk/pt:PlantMachinery2024-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2024-11-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-11-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-11-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-11-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-11-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-12-012024-11-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-11-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-12-012024-11-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-12-012024-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-11-30http://www.companieshouse.gov.uk/2023-12-012024-11-30http://www.companieshouse.gov.uk/2023-11-30http://www.companieshouse.gov.uk/cd:FRS1022023-12-012024-11-30http://www.companieshouse.gov.uk/2024-11-30http://www.companieshouse.gov.uk/cd:FullAccounts2023-12-012024-11-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-12-012024-11-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 11677009

KEYLOCKSUPPLIES LTD

ACCOUNTS
FOR THE YEAR ENDED 30/11/2024

Prepared By:
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT

KEYLOCKSUPPLIES LTD

ACCOUNTS
FOR THE YEAR ENDED 30/11/2024
DIRECTORS
STEPHEN IAN HYDE
SECRETARY
CAROLE ANNE HYDE
REGISTERED OFFICE
12 MASON DRIVE
HEDNESFORD
CANNOCK
STAFFORDSHIRE
WS12 4GL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11677009
BANKERS
LLOYDS BANK plc
ACCOUNTANTS
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT

KEYLOCKSUPPLIES LTD

ACCOUNTS
FOR THEYEARENDED30/11/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

KEYLOCKSUPPLIES LTD

BALANCE SHEET AT 30/11/2024
20242023
Notes££
FIXED ASSETS
Tangible assets370,19580,302
CURRENT ASSETS
Stock126,39272,400
Debtors530,88637,426
Cash at bank and in hand236236
157,514110,062
CREDITORS: Amounts falling due within one year6244,411164,256
NET CURRENT LIABILITIES(86,897)(54,194)
TOTAL ASSETS LESS CURRENT LIABILITIES(16,702)26,108
CREDITORS: Amounts falling due after more than one year712,70322,051
PROVISIONS FOR LIABILITIES AND CHARGES85472,690
NET (LIABILITIES) / ASSETS(29,952)1,367
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account(30,052)1,267
SHAREHOLDERS' FUNDS(29,952)1,367
For the year ending 30/11/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24/08/2025 and signed on their behalf by
.............................
STEPHEN IAN HYDE
Director

KEYLOCKSUPPLIES LTD

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/11/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention and are stated in United Kingdom Pounds Sterling.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1b. Going Concern
The company is in a net current liability position of £ 86,897 as at 30 November 2024. However the director has given assurances to the company that he will not draw on his loan account of £ 115,878 for at least twelve months from the date that the balance sheet was signed. The director has given further assurances to the company that he will introduce additional monies, should it be required, for the company to pay its debts as they fall due. On this basis the financial statements have been prepared on the going concern basis.
1c. Depreciation
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is an indication that any items have suffered impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.
Plant And Machinerystraight line10%
Commercial Vehiclesstraight line10%
Fixtures And Fittingsstraight line10%
Equipmentstraight line10%
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

KEYLOCKSUPPLIES LTD

2. EMPLOYEES
20242023
No.No.
Average number of employees22
3. TANGIBLE FIXED ASSETS
Plant andCommercialFixtures
MachineryVehiclesand FittingsEquipmentTotal
£££££
Cost
At 01/12/202322,80784,5695314,268112,175
Additions1,170---1,170
Disposals(440)--(140)(580)
At 30/11/202423,53784,5695314,128112,765
Depreciation
At 01/12/20239,55319,9952652,06031,873
Disposals(440)--(140)(580)
For the year2,3548,4575341311,277
At 30/11/202411,46728,4523182,33342,570
Net Book Amounts
At 30/11/202412,07056,1172131,79570,195
At 30/11/202313,25464,5742662,20880,302
4. STOCK 20242023
££
Stock comprises:
Stock126,39272,400
126,39272,400
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors29,68136,977
VAT194-
PAYE control646-
Other debtors-129
Prepayments365320
30,88637,426

KEYLOCKSUPPLIES LTD

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax-4,072
VAT-4,191
PAYE control-640
Directors current account115,87843,010
Bank loans and overdrafts19,28515,183
Trade creditors104,62387,959
Other creditors-5,366
Accruals4,6253,835
244,411164,256
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Lloyds Bank plc bounce back loan (secured) >1yr12,70315,527
LDF Finance - Loan >1yr-6,524
12,70322,051
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation5472,690
5472,690
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100

KEYLOCKSUPPLIES LTD

10. OTHER FINANCIAL COMMITMENTS
At 30/11/2024 the company was committed to making the following payments under non-cancellable operating leases:
20242023
££
Operating Leases which expire:
Within one year2,831297
Within two to five years-17,400
11. CONTROLLING PARTY
The director Mr S I Hyde owns fifty per cent of the company shares. He also has a beneficial interest in the other fifty per cent which are owned by his wife Mrs C A Hyde.
12. RELATED PARTY TRANSACTIONS
In the year to 30 November 2024 the director and his wife received dividends amounting to £ nil each (2023 - £ nil each).
13. NATURE OF OPERATIONS AND PRINCIPAL ACTIVITIES
The company is principally involved in the procurement and sale of locks and keys for both commercial and residential purposes.
Most of its activities are within the United Kingdom.
14. GENERAL INFORMATION
Keylocksupplies Ltd is a private company limited by shares and incorporated in England. Its registered office is 12 Mason Drive, Hednesford, Cannock, Staffordshire, WS12 4GL.
The financial statements are presented in United Kingdom Pounds Sterling, which is the functional currency of the company.