Acorah Software Products - Accounts Production 16.4.675 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 06425910 Mr Anthony McCaffrey Mrs Linsey McCaffrey Mrs Linsey McCaffrey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06425910 2024-03-31 06425910 2025-03-31 06425910 2024-04-01 2025-03-31 06425910 frs-core:CurrentFinancialInstruments 2025-03-31 06425910 frs-core:Non-currentFinancialInstruments 2025-03-31 06425910 frs-core:PlantMachinery 2025-03-31 06425910 frs-core:PlantMachinery 2024-04-01 2025-03-31 06425910 frs-core:PlantMachinery 2024-03-31 06425910 frs-core:WithinOneYear 2025-03-31 06425910 frs-core:ShareCapital 2025-03-31 06425910 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 06425910 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06425910 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 06425910 frs-bus:SmallEntities 2024-04-01 2025-03-31 06425910 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 06425910 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06425910 frs-bus:Director1 2024-04-01 2025-03-31 06425910 frs-bus:Director2 2024-04-01 2025-03-31 06425910 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 06425910 frs-countries:EnglandWales 2024-04-01 2025-03-31 06425910 2023-03-31 06425910 2024-03-31 06425910 2023-04-01 2024-03-31 06425910 frs-core:CurrentFinancialInstruments 2024-03-31 06425910 frs-core:Non-currentFinancialInstruments 2024-03-31 06425910 frs-core:WithinOneYear 2024-03-31 06425910 frs-core:ShareCapital 2024-03-31 06425910 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 06425910
Key Developments Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Watermill Accounting Limited
Key Developments Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1
Notes to the Financial Statements | 2—3

Page 1
Key Developments Ltd
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 06425910

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 3,023 |  | 1,551
|  |  | 3,023 |  | 1,551
CURRENT ASSETS
Stocks | 5 | 405,485 |  | 261,649 |
Debtors | 6 | 1,201 |  | - |
Cash at bank and in hand |  | 45,292 |  | 1,179 |
|  | 451,978 |  | 262,828 |
Creditors: Amounts Falling Due Within One Year | 7 | (413,373 ) |  | (175,051 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 38,605 |  | 87,777
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 41,628 |  | 89,328
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (86,365 ) |  | (158,418 )
NET LIABILITIES |  |  | (44,737 ) |  | (69,090 )
CAPITAL AND RESERVES
Called up share capital | 10 |  | 100 |  | 100
Profit and Loss Account |  |  | (44,837 ) |  | (69,190 )
SHAREHOLDERS' FUNDS |  |  | (44,737) |  | (69,090)

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.
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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mrs Linsey McCaffrey Director
24/12/2025

The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Key Developments Ltd
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Key Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06425910 . The registered office is 42 - 46 North Street, Stilton, Peterborough, Cambridgeshire, PE7 3RP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 15% on reducing balance

2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets

| Plant & Machinery
--- | ---
| £
Cost
As at 1 April 2024 | 3,346
Additions | 1,748
As at 31 March 2025 | 5,094
Depreciation
As at 1 April 2024 | 1,795
Provided during the period | 276
As at 31 March 2025 | 2,071
Net Book Value
As at 31 March 2025 | 3,023
As at 1 April 2024 | 1,551

Page 2
Page 3
Key Developments Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 368,198 |  | 261,649
Work in progress | 37,287 |  | -
| 405,485 |  | 261,649

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 1,201 |  | -

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 1,248 |  | -
Trade creditors | 999 |  | -
Bank loans and overdrafts | 25,724 |  | 28,350
Other creditors | 385,402 |  | 146,701
| 413,373 |  | 175,051

8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 86,365 |  | 158,418

9. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 1,248 |  | -

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

Page 3