Registration number: SC590821

Planetkeys Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8
Accountants' Report	9

Planetkeys Ltd

Company Information

Director

Mr Brian Hurren

Registered office

Unit 4B Gateway Business Park Beancross Road Grangemouth Stirlingshire Scotland FK3 8WX

Accountants

EQ Accountants Ltd Unit 4B Gateway Business Park Beancross Road Grangemouth FK3 8WX

Planetkeys Ltd

(Registration number: SC590821)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	61,634	80,543
Other financial assets	5	21,160	20,661
		82,794	101,204
Current assets
Debtors	6	16,315	4,470
Cash at bank and in hand		343	9,052
		16,658	13,522
Creditors: Amounts falling due within one year	7	(33,785)	(16,534)
Net current liabilities		(17,127)	(3,012)
Total assets less current liabilities		65,667	98,192
Creditors: Amounts falling due after more than one year	7	(29,503)	(36,232)
Provisions for liabilities		(6,357)	(9,237)
Net assets		29,807	52,723
Capital and reserves
Called up share capital		100	100
Retained earnings		29,707	52,623
Shareholders' funds		29,807	52,723

For the financial 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.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 December 2025
 

......................................... Mr Brian Hurren Director

Planetkeys Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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.

Planetkeys Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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 and Fittings	25% Reducing Balance
Motor Cars	25% Reducing Balance
Plant and Machinery	25% Reducing Balance
Leasehold Improvements	10% Straight Line

Investments

Investments are measured at fair value and the unrealised gains/losses have been allocated to the profit and loss account.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either 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.
 

3	Employees and Directors

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 3).

Planetkeys Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Leasehold Improvements £	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £
Cost or valuation
At 1 April 2024	9,812	10,412	154,171	45,343
At 31 March 2025	9,812	10,412	154,171	45,343
Depreciation
At 1 April 2024	981	6,593	118,315	13,306
Charge for the year	981	955	8,964	8,009
At 31 March 2025	1,962	7,548	127,279	21,315
Carrying amount
At 31 March 2025	7,850	2,864	26,892	24,028
At 31 March 2024	8,831	3,819	35,856	32,037

	Total £
Cost or valuation
At 1 April 2024	219,738
At 31 March 2025	219,738
Depreciation
At 1 April 2024	139,195
Charge for the year	18,909
At 31 March 2025	158,104
Carrying amount
At 31 March 2025	61,634
At 31 March 2024	80,543

Planetkeys Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 1 April 2024	20,661	20,661
Fair value adjustments	499	499
At 31 March 2025	21,160	21,160
Impairment
Carrying amount
At 31 March 2025	21,160	21,160

6

Debtors

Current	2025 £	2024 £
Prepayments	3,114	3,114
Other debtors	13,201	1,356
	16,315	4,470

Planetkeys Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	16,141	9,644
Taxation and social security		5,436	4,546
Other creditors		12,208	2,344
		33,785	16,534

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	29,503	36,232

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	256	2,855
Hire purchase contracts	29,247	33,377
	29,503	36,232

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	2,777	2,777
Bank overdrafts	9,235	4,236
Hire purchase contracts	4,129	2,631
	16,141	9,644

Planetkeys Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
 

	2025  £	2024  £
Within one year	11,500	11,500
Between one and five years	7,667	19,167
	19,167	30,667

10	Related party transactions

Transactions with directors Debtors include the following amounts which are owed from individuals who were directors of the company during the year:

2025	At 1 April 2024 £	Advances to director £	At 31 March 2025 £
Mr Brian Hurren
Director's Loan	-	1,497	1,497

Creditors include the following amounts which are owed to individuals who were directors of the company during the year:

	2025  £	2024  £
Mr Brian Hurren	-	541
	-	541

The maximum balance outstanding during the year amounted to £541.

The directors current account is repayable on demand.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Planetkeys Ltd
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Planetkeys Ltd for the year ended 31 March 2025 as set out on pages 2 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Planetkeys Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Planetkeys Ltd and state those matters that we have agreed to state to the Board of Directors of Planetkeys Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Planetkeys Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Planetkeys Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Planetkeys Ltd. You consider that Planetkeys Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Planetkeys Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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

EQ Accountants Ltd
Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

11 December 2025