Company No: 06049439 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	27,891		29,539
		27,891		29,539
Current assets
Debtors	5	2,370		6,353
Cash at bank and in hand		19,287		29,135
		21,657		35,488
Creditors: amounts falling due within one year	6	( 44,089)		( 47,854)
Net current liabilities		(22,432)		(12,366)
Total assets less current liabilities		5,459		17,173
Provision for liabilities	7, 8	( 5,299)		( 5,604)
Net assets		160		11,569
Capital and reserves
Called-up share capital		2		2
Profit and loss account		158		11,567
Total shareholders' funds		160		11,569

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

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Key Audio Visual Limited (registered number: 06049439) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

T L Evans Director

D J Forster Director

30 October 2025

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Key Audio Visual Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 15 Bracondale, Norwich, Norfolk, NR1 2AL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Income Statement in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 - 0 years straight line

Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 10 years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Office equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		4

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 February 2024	17,600		17,600
At 31 January 2025	17,600		17,600
Accumulated amortisation
At 01 February 2024	17,600		17,600
At 31 January 2025	17,600		17,600
Net book value
At 31 January 2025	0		0
At 31 January 2024	0		0

4. Tangible assets

	Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£
Cost
At 01 February 2024	273,536		41,225		65,333		380,094
Additions	2,278		0		4,285		6,563
At 31 January 2025	275,814		41,225		69,618		386,657
Accumulated depreciation
At 01 February 2024	251,920		38,221		60,414		350,555
Charge for the financial year	5,737		751		1,723		8,211
At 31 January 2025	257,657		38,972		62,137		358,766
Net book value
At 31 January 2025	18,157		2,253		7,481		27,891
At 31 January 2024	21,616		3,004		4,919		29,539

5. Debtors

	2025		2024
	£		£
Trade debtors	103		6,295
Amounts owed by directors	2,249		0
Prepayments	18		58
	2,370		6,353

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to directors	0		8,222
Accruals	2,210		3,890
Taxation and social security	16,346		17,617
Other creditors	25,533		18,125
	44,089		47,854

7. Provision for liabilities

	2025		2024
	£		£
Deferred tax	5,299		5,604

8. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 5,604)		( 5,094)
Credited/(charged) to the Income Statement	305		( 510)
At the end of financial year	( 5,299)		( 5,604)