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Company registration number:
13992712
Key 2 Sports Limited
Unaudited financial statements
For the year ended
31 March 2025
robinson+co
Chartered Accountants
Key 2 Sports Limited
Directors and other information
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Directors |
Mr G Key |
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Mr J Key |
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Company number |
13992712 |
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Registered office |
Annie Pit |
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Clay Flatts Trading Estate |
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Workington |
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CA14 2DB |
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Accountants |
robinson+co |
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Oxford Chambers |
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New Oxford Street |
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Workington |
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CA14 2LR |
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Key 2 Sports Limited
Directors report
Year ended 31 March 2025
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2025.
Directors
The directors who served the company during the year were as follows:
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
24 December 2025
and signed on behalf of the board by:
Mr G Key
Director
Key 2 Sports Limited
Income statement
Year ended 31 March 2025
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2025 |
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2024 |
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£ |
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£ |
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Turnover |
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88,399 |
|
111,613 |
|
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Cost of raw materials and consumables |
|
|
(
38,503) |
|
(
62,484) |
|
Staff costs |
|
|
(
25,128) |
|
(
24,961) |
|
Depreciation and other amounts written off assets |
|
|
(
1,877) |
|
(
527) |
|
Other charges |
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(35,002) |
|
(38,708) |
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Tax |
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|
- |
|
1,369 |
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________ |
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________ |
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Loss |
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(
12,111) |
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(
13,698) |
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________ |
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________ |
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Key 2 Sports Limited
Statement of financial position
31 March 2025
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2025 |
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2024 |
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£ |
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£ |
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Fixed assets |
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- |
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1,583 |
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________ |
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________ |
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Current assets |
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1,638 |
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22,117 |
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Creditors: amounts falling due within one year |
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(
22,053) |
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(
31,810) |
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________ |
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________ |
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Net current liabilities |
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|
(
20,415) |
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(
9,693) |
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________ |
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________ |
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Total assets less current liabilities |
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(
20,415) |
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(
8,110) |
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Accruals and deferred income |
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(
1,351) |
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(
1,545) |
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________ |
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________ |
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Net liabilities |
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|
(
21,766) |
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(
9,655) |
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________ |
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________ |
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Capital and reserves |
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(
21,766) |
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(
9,655) |
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________ |
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________ |
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Key 2 Sports Limited
Year ended 31 March 2025
1.
Basis of preparation
The financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105 The Financial Reporting Standard applicable to the Micro- entities Regime.
2.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2024:
2
).
3.
Company information
The company is registered in England and its registered number is
13992712
. The company is a private company limited by shares. Its registered office is Annie Pit, Clay Flatts Trading Estate, Workington, CA14 2DB.
For the 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.
Directors responsiblities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions.
These financial statements were approved by the
board of directors
and authorised for issue on
24 December 2025
, and are signed on behalf of the board by:
Mr G Key
Director
Company registration number:
13992712
Key 2 Sports Limited
The following pages do not form part of the statutory accounts.
Key 2 Sports Limited
Detailed income statement
for the year ended 31 March 2025
2025
2024
£
£
£
£
Turnover
Work done
88,399
111,613
________
|
________
|
88,399
111,613
Cost of raw materials and consumables
Opening stock
16,305
12,680
Purchases
22,198
66,109
Closing stock
-
(16,305)
________
|
________
|
(38,503)
(62,484)
Staff costs
Directors remuneration
25,128
24,961
________
|
________
|
(25,128)
(24,961)
Depreciation and other amounts
written off assets
Depreciation of tangible assets
0
527
(Gain)/loss on disposal of tangible assets
1,877
0
________
|
________
|
(1,877)
(527)
Other charges
(35,002)
(38,708)
________
|
________
|
Loss for the year
(12,111)
(15,067)
________
|
________
|
Key 2 Sports Limited
Analysis of other charges
for the year ended 31 March 2025
2025
2024
£
£
Rent payable
7,500
7,500
Rates
1,934
2,222
Insurance
3,068
3,590
Light and heat
8,581
10,955
Repairs and maintenance
515
94
Printing, postage and stationery
20
454
Telephone charges
2,254
2,032
Motor expenses
4,323
5,846
Travelling and entertainment
2,319
2,082
Legal and professional charges
1,072
330
Accountancy charges
950
1,545
Bank charges
370
74
Credit card charges
623
1,070
General expenses
963
914
Interest on overdue taxation
510
-
________
|
________
|
35,002
38,708
________
|
________
|
Key 2 Sports Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Key 2 Sports Limited
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 financial statements of Key 2 Sports Limited for the year ended 31 March 2025 which comprise the income statement, statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Key 2 Sports Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Key 2 Sports Limited and state those matters that we have agreed to state to the board of directors of Key 2 Sports Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Key 2 Sports Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Key 2 Sports Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Key 2 Sports Limited. You consider that Key 2 Sports Limited 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 financial statements of Key 2 Sports Limited. 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 financial statements.
robinson+co
Chartered Accountants
Oxford Chambers
New Oxford Street
Workington
CA14 2LR
24 December 2025