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Registered number: 10675892
Key Motor Services Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
Prepared By:
Anstee Gorst
Unit 4 Eaton Court
Colmworth Business Park
Eaton Socon
Cambridgeshire
PE19 8ER
Key Motor Services Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
DIRECTORS
Brett Bow
Laura Bow
REGISTERED OFFICE
Ground Floor Offices
Unit 4 Eaton Court Road, Colmworth Business Park
Eaton Socon, St Neots
Cambs
PE19 8ER
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10675892
ACCOUNTANTS
Anstee Gorst
Unit 4 Eaton Court
Colmworth Business Park
Eaton Socon
Cambridgeshire
PE19 8ER
Key Motor Services Ltd
ACCOUNTS
FOR THEYEARENDED31/03/2025
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-
Key Motor Services Ltd
BALANCE SHEET AT 31/03/2025
20252024
Notes££
FIXED ASSETS
Tangible assets338,50845,262
CURRENT ASSETS
Stock15,00015,000
Debtors519,18922,405
Cash at bank and in hand236,994215,232
271,183252,637
CREDITORS: Amounts falling due within one year6233,207156,803
NET CURRENT ASSETS37,97695,834
TOTAL ASSETS LESS CURRENT LIABILITIES76,484141,096
PROVISIONS FOR LIABILITIES AND CHARGES76,1537,160
NET ASSETS70,331133,936
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account70,231133,836
SHAREHOLDERS' FUNDS70,331133,936
For the year ending 31/03/2025 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 06/12/2025 and signed on their behalf by
.............................
Brett Bow
Director
Key Motor Services Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
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. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Short Leasehold Propertiesreducing balance 15%
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 25%
Motor Carsreducing balance 25%
1c. 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.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20252024
No.No.
Average number of employees43
Key Motor Services Ltd
3. TANGIBLE FIXED ASSETS
Short LeaseholdPlant andFixtures
PropertiesMachineryand FittingsEquipmentMotor CarsTotal
££££££
Cost
At 01/04/202411,97283,1071,5844,40310,120111,186
Additions1,2331,230-1,0403,2866,789
Disposals---(498)(3,720)(4,218)
At 31/03/202513,20584,3371,5844,9459,686113,757
Depreciation
At 01/04/20243,61956,5803662,4422,91765,924
Disposals---(31)(1,376)(1,407)
For the year1,1916,8143056011,82110,732
At 31/03/20254,81063,3946713,0123,36275,249
Net Book Amounts
At 31/03/20258,39520,9439131,9336,32438,508
At 31/03/20248,35326,5271,2181,9617,20345,262
4. STOCK 20252024
££
Stock comprises:
Stock15,00015,000
15,00015,000
5. DEBTORS 20252024
££
Amounts falling due within one year
Trade debtors17,89321,069
Prepayments1,2961,336
19,18922,405
Key Motor Services Ltd
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
UK corporation tax28,38236,063
VAT11,2369,064
PAYE control1,5631,856
Directors current account158,31384,603
Credit card1,9343,071
Trade creditors28,15818,482
Pension schemes472361
Accruals3,1493,303
233,207156,803
7. PROVISIONS FOR LIABILITIES 20252024
££
Deferred taxation6,1537,160
6,1537,160
8. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100