Company Registration No. 08652766 (England and Wales)
KEYPAR LIMITED
UNAUDITED FINANCIAL STATEMENTS
for the year ended 28 February 2025
KEYPAR LIMITED
UNAUDITED FINANCIAL STATEMENTS
Contents
KEYPAR LIMITED
Company Information
for the year ended 28 February 2025
Company Number
08652766 (England and Wales)
Registered Office
1 Cheshire Drive
Leavesden
Watford
WD25 7GP
Accountants
Infinity Accountants
27 Coniston Gardens
Pinner
Middlesex
HA5 2JN
KEYPAR LIMITED
Statement of financial position
as at 28 February 2025
Tangible assets
48,590
6,199
Inventories
273,901
96,795
Cash at bank and in hand
242,681
182,125
Creditors: amounts falling due within one year
(413,790)
(340,679)
Net current assets
611,914
525,380
Total assets less current liabilities
660,504
531,579
Creditors: amounts falling due after more than one year
(36,252)
-
Provisions for liabilities
Deferred tax
(12,148)
(1,550)
Net assets
612,104
530,029
Called up share capital
1
1
Profit and loss account
612,103
530,028
Shareholders' funds
612,104
530,029
For the year ending 28 February 2025 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 October 2025 and were signed on its behalf by
Mr P Patel
Director
Company Registration No. 08652766
KEYPAR LIMITED
Notes to the Accounts
for the year ended 28 February 2025
KEYPAR LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08652766. The registered office is 1 Cheshire Drive, Leavesden, Watford, WD25 7GP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% reducing balance
Computer equipment
20% reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
KEYPAR LIMITED
Notes to the Accounts
for the year ended 28 February 2025
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2024
-
10,698
10,698
Additions
54,090
1,275
55,365
Disposals
-
(2,880)
(2,880)
At 28 February 2025
54,090
9,093
63,183
At 1 March 2024
-
4,499
4,499
Charge for the year
10,818
1,330
12,148
On disposals
-
(2,054)
(2,054)
At 28 February 2025
10,818
3,775
14,593
At 28 February 2025
43,272
5,318
48,590
At 29 February 2024
-
6,199
6,199
Amounts falling due within one year
Trade debtors
483,205
545,580
Other debtors
10,042
23,372
6
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
6,215
-
Trade creditors
290,939
212,836
Taxes and social security
31,054
80,696
Other creditors
69,950
44,650
Loans from directors
15,632
2,497
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
36,252
-
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).