Just Keys Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03142868

JUST KEYS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 April 2026

JUST KEYS LIMITED

STATEMENT OF FINANCIAL POSITION

30 April 2026

	2026		2025
Note	£	£	£

CURRENT ASSETS

Stocks		18,000	19,000
Debtors	6	250	250
Cash at bank and in hand		–	267
		--------	--------
		18,250	19,517

CREDITORS: amounts falling due within one year	7	11,340		9,385
		--------		--------
NET CURRENT ASSETS			6,910	10,132
			-------	--------
TOTAL ASSETS LESS CURRENT LIABILITIES			6,910	10,132

CREDITORS: amounts falling due after more than one year	8	–	2,899
		-------	--------
NET ASSETS		6,910	7,233
		-------	--------

CAPITAL AND RESERVES

Called up share capital	9	100	100
Profit and loss account		6,810	7,133
		-------	-------
SHAREHOLDERS FUNDS		6,910	7,233
		-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 April 2026 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 23 July 2026 , and are signed on behalf of the board by:

Mr LB Walker-Kukan
Director

Company registration number: 03142868

JUST KEYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

Year ended 30 April 2026

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3rd Floor, Regent House, Bath Avenue, Wolverhampton. WV1 4EG. The company's trading activities are carried out from 1A Birches Bridge, Codsall, Wolverhampton, WV8 1PE.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the profit and loss account represents amounts sold during the year.

Corporation tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	10% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

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.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 1 (2025: 1 ).

5. TANGIBLE ASSETS

	Plant and machinery	Total
	£	£
Cost
At 1 May 2025 and 30 April 2026	26,909	26,909
	--------	--------
Depreciation
At 1 May 2025 and 30 April 2026	26,909	26,909
	--------	--------
Carrying amount
At 30 April 2026	–	–
	--------	--------
At 30 April 2025	–	–
	--------	--------

6. DEBTORS

	2026	2025
	£	£
Other debtors	250	250
	----	----

7. CREDITORS: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	4,637	3,066
Trade creditors	4,187	3,053
Corporation tax	–	1,160
Social security and other taxes	95	95
Other creditors	2,421	2,011
	--------	-------
	11,340	9,385
	--------	-------

8. CREDITORS: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	–	2,899
	----	-------

9. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

10. OPERATING LEASES

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	7,364	11,424
Later than 1 year and not later than 5 years	–	7,364
	-------	--------
	7,364	18,788
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