KEY AIR & SEA LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 02601170

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		16,739		17,290

			16,739		17,290
CURRENT ASSETS
Debtors	5	1,443,356		1,117,974
Cash at bank and in hand		571,884		784,330

		2,015,240		1,902,304
Creditors: Amounts Falling Due Within One Year	6	(198,120 )		(184,357 )

NET CURRENT ASSETS (LIABILITIES)			1,817,120		1,717,947

TOTAL ASSETS LESS CURRENT LIABILITIES			1,833,859		1,735,237

PROVISIONS FOR LIABILITIES
Deferred Taxation			(7,389 )		(7,389 )

NET ASSETS			1,826,470		1,727,848

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			1,826,370		1,727,748

SHAREHOLDERS' FUNDS			1,826,470		1,727,848

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KEY AIR & SEA LIMITED

Balance Sheet (continued)

As At 30 April 2026

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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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

Mr Jason Kiely

Director

22nd September 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

KEY AIR & SEA LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 02601170 . The registered office is UNIT 17 BROOK INDUSTRIAL ESTATE, BULLSBROOK ROAD, HAYES, MIDDLESEX, ENGLAND, UB4 0JZ.

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	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2025: 6)

4. Tangible Assets

	Land & Property
	Freehold	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 May 2025	5,290	22,967	47,759	63,277	139,293
Additions	-	-	2,797	2,232	5,029

As at 30 April 2026	5,290	22,967	50,556	65,509	144,322

...CONTINUED

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KEY AIR & SEA LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

Depreciation
As at 1 May 2025	5,290	19,927	46,763	50,023	122,003
Provided during the period	-	760	949	3,871	5,580

As at 30 April 2026	5,290	20,687	47,712	53,894	127,583

Net Book Value
As at 30 April 2026	-	2,280	2,844	11,615	16,739

As at 1 May 2025	-	3,040	996	13,254	17,290

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	44,398	83,194
Other debtors	3,945	4,767

	48,343	87,961
Due after more than one year
Amounts owed by group undertakings	1,020,013	1,020,013
Other debtors	375,000	10,000

	1,395,013	1,030,013

	1,443,356	1,117,974

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	118,241	104,635
Other creditors	3,000	3,000
Taxation and social security	76,879	76,722

	198,120	184,357

7. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

8. Related Party Transactions

Included within other debtors is an amount of £1,020,013 (2025: £1,020,013) due from the parent company.

9. Ultimate Controlling Party

The company is a wholly owned subsidiary of Key Air & Sea Group Limited, a company registered in England and Wales, which is the ultimate parent company. The registered office is Unit 17, Brook Industrial Estate, Bullsbrook Road, Hayes, England, UB4 0JZ.

The ultimate controlling party is J. Kiely.

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