Registration number: 07528527

Keystone (Yorkshire) Limited

(Registration number: 07528527)

Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	3	29,688	36,283
Current assets
Stocks		386,906	413,906
Debtors	4	6,241	41,660
Cash at bank and in hand		145,943	11,576
		539,090	467,142
Creditors: Amounts falling due within one year	5	(290,393)	(156,410)
Net current assets		248,697	310,732
Total assets less current liabilities		278,385	347,015
Creditors: Amounts falling due after more than one year	5	(3,089)	(13,127)
Provisions for liabilities		(7,422)	(8,182)
Net assets		267,874	325,706
Capital and reserves
Called up share capital		104	104
Retained earnings		267,770	325,602
Shareholders' funds		267,874	325,706

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 13 November 2025 and signed on its behalf by:
 

.........................................

D P Fielding

Director

Keystone (Yorkshire) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1	Accounting policies

Statutory information

Keystone (Yorkshire) Limited is a private company, limited by shares, domiciled in England and Wales, company number 07528527. The registered office is at Croft House, Croft Close, Laughton En Le Morthen, Sheffield, S25 1YS.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Keystone (Yorkshire) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

1	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	25% straight line
Plant and machinery	20% reducing balance
Motor vehicles	25% reducing balance

Defined contribution pension obligation

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is
presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
 

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

Keystone (Yorkshire) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

3	Tangible assets

	Fixtures, fittings and equipment £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 March 2024	18,527	46,299	42,956	107,782
Additions	2,769	-	-	2,769
At 28 February 2025	21,296	46,299	42,956	110,551
Depreciation
At 1 March 2024	14,044	27,209	30,246	71,499
Charge for the year	2,368	3,818	3,178	9,364
At 28 February 2025	16,412	31,027	33,424	80,863
Carrying amount
At 28 February 2025	4,884	15,272	9,532	29,688
At 29 February 2024	4,483	19,090	12,710	36,283

4

Debtors

	2025 £	2024 £
Trade debtors	3,618	11,800
Amounts owed by group undertakings	-	29,214
Prepayments	2,623	646
	6,241	41,660

5

Creditors

	2025 £	2024 £
Due within one year
Loans and borrowings	9,910	10,000
Trade creditors	8,621	3,426
Amounts owed to related parties	247,414	-
Taxation and social security	15,875	136,275
Accruals and deferred income	4,000	2,115
Other creditors	4,573	4,594
	290,393	156,410

 

Keystone (Yorkshire) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

5	Creditors (continued)

	2025 £	2024 £
Due after one year
Loans and borrowings	3,089	13,127

 

6	Obligations under leases and hire purchase contracts

Operating leases

At the balance sheet date, the total amount of non cancellable operating lease commitments was £Nil (2024 - £31,494).