Keymakers (London) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 02452008

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		6,846		9,126

			6,846		9,126
CURRENT ASSETS
Stocks	5	75,000		66,002
Debtors	6	37,203		40,231
Cash at bank and in hand		16,636		27,943

		128,839		134,176
Creditors: Amounts Falling Due Within One Year	7	(77,633 )		(57,908 )

NET CURRENT ASSETS (LIABILITIES)			51,206		76,268

TOTAL ASSETS LESS CURRENT LIABILITIES			58,052		85,394

Creditors: Amounts Falling Due After More Than One Year	8		(26,189 )		(31,856 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,301 )		(1,701 )

NET ASSETS			30,562		51,837

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			30,560		51,835

SHAREHOLDERS' FUNDS			30,562		51,837

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Keymakers (London) Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

M P McGrath

Director

16 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Keymakers (London) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02452008 . The registered office is 707 Green Lanes, Winchmorehill, London, N21 3RS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised in the period the service is provided to the customer.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Leasehold	10% straight line
Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance

2.4. Leasing and Hire Purchase Contracts

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

2.6. Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

2.7. Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

2.8. Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.9. Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

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Keymakers (London) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2024: 8)

4. Tangible Assets

	Land & Buildings	Plant & Machinery etc.	Total
	£	£	£
Cost
As at 1 April 2024	38,524	102,257	140,781

As at 31 March 2025	38,524	102,257	140,781

Depreciation
As at 1 April 2024	38,524	93,131	131,655
Provided during the period	-	2,280	2,280

As at 31 March 2025	38,524	95,411	133,935

Net Book Value
As at 31 March 2025	-	6,846	6,846

As at 1 April 2024	-	9,126	9,126

5. Stocks

	2025	2024
	£	£
Stock	75,000	66,002

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	21,399	15,667
Other debtors	15,804	24,564

	37,203	40,231

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	30,276	27,588
Bank loans and overdrafts	5,456	5,456
Other creditors	15,344	3,254
Taxation and social security	26,557	21,610

	77,633	57,908

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	26,189	31,856

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Keymakers (London) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	45,200	45,200
Later than one year and not later than five years	160,800	206,000

	206,000	251,200

11. Related Party Transactions

M P McGrath

The above is the director of the company.

At the balance sheet date, he was owed £2 (2024: £2) by the company.

The board voted dividends of £36,000 (2024 - £3,000) in the accounting period.

No interest is charged on this loan during the period

12. Ultimate Controlling Party

The ultimate controlling party is the director, M P McGrath by virtue of his 100% ownership of the share capital in the company.

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