REGISTERED NUMBER: 08798731 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Kayfast Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss L J Hartley

Mr K M Hartley

Mrs A Hartley

REGISTERED OFFICE:

Unit 10 Flanshaw Way

Wakefield

West Yorkshire

WF2 9LP

REGISTERED NUMBER:

08798731 (England and Wales)

ACCOUNTANTS:

BK Plus Ltd

Abacus House

Pennine Business Park

Huddersfield

West Yorkshire

HD2 1GQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

16,578

18,131

16,578

18,131

CURRENT ASSETS

Stocks

6

578,100

368,100

Debtors

7

191,031

159,113

Cash at bank

672,061

711,806

1,441,192

1,239,019

CREDITORS

Amounts falling due within one year

8

385,195

316,873

NET CURRENT ASSETS

1,055,997

922,146

TOTAL ASSETS LESS CURRENT LIABILITIES

1,072,575

940,277

PROVISIONS FOR LIABILITIES

4,145

4,533

NET ASSETS

1,068,430

935,744

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,068,330

935,644

SHAREHOLDERS' FUNDS

1,068,430

935,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2026 and were signed on its behalf by:

Mr K M Hartley - Director

Mrs A Hartley - Director

1.	STATUTORY INFORMATION

Kayfast Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over the estimated useful lives on the following bases:

Leasehold Improvements

20% on cost

Plant & Machinery

20% on reducing balance

Fixtures & Fittings

20% on cost

Computer Equipment

25% on cost

Motor Vehicles

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2025 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

135,000

AMORTISATION

At 1 April 2025

and 31 March 2026

135,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 April 2025

33,032

3,960

30,057

Additions

-

-

2,657

At 31 March 2026

33,032

3,960

32,714

DEPRECIATION

At 1 April 2025

33,032

2,897

30,057

Charge for year

-

213

178

At 31 March 2026

33,032

3,110

30,235

NET BOOK VALUE

At 31 March 2026

-

850

2,479

At 31 March 2025

-

1,063

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2025

20,490

12,810

100,349

Additions

-

224

2,881

At 31 March 2026

20,490

13,034

103,230

DEPRECIATION

At 1 April 2025

5,464

10,768

82,218

Charge for year

3,005

1,038

4,434

At 31 March 2026

8,469

11,806

86,652

NET BOOK VALUE

At 31 March 2026

12,021

1,228

16,578

At 31 March 2025

15,026

2,042

18,131

6.

STOCKS

31.3.26

31.3.25

£

£

Stocks

578,100

368,100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Amounts owed by associates

5,526

5,386

Other debtors

185,505

153,727

191,031

159,113

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts (see note 9)

1,121

-

Trade creditors

247,885

155,628

Taxation and social security

136,189

161,245

385,195

316,873

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.26

31.3.25

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

1,121

-

10.	LEASING AGREEMENTS

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

31.3.26

31.3.25

£

£

Within one year

5,321

3,187

Between one and five years

8,868

-

14,189

3,187

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2026:

31.3.26

31.3.25

£

£

Director 1

Balance outstanding at start of year

45,059

44,784

Amounts advance

65,333

60,216

Amounts repaid

(57,633

)

(59,941

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

52,758

45,059

Director 2

Balance outstanding at start of year

45,059

44,784

Amounts advanced

76,249

65,937

Amounts repaid

(68,550

)

(65,662

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

52,758

45,059

Director 3

Balance outstanding at start of year

45,059

44,784

Amounts advanced

65,631

57,629

Amounts repaid

(57,931

)

(57,354

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

52,758

45,059

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr K M Hartley.