KEYLIGHTING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 OCTOBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N H Robinson

Mrs B J Robinson

Miss P Robinson

Miss J O Robinson

SECRETARY:

Mrs B J Robinson

REGISTERED OFFICE:

Fairfax House

Mill Field Road

Cottingley

Bingley

West Yorkshire

BD16 1PY

REGISTERED NUMBER:

01810394 (England and Wales)

ACCOUNTANTS:

Wilkinson and Partners

Chartered Accountants

Fairfax House

6a Mill Field Road

Cottingley Business Park

Bradford

West Yorkshire

BD16 1PY

FIXED ASSETS

Tangible assets

4

486,727

499,936

Investments

5

46,875

64,979

533,602

564,915

CURRENT ASSETS

Debtors

6

4,665,305

4,768,278

Cash at bank

6

7

4,665,311

4,768,285

CREDITORS

Amounts falling due within one year

7

2,774,580

2,928,105

NET CURRENT ASSETS

1,890,731

1,840,180

TOTAL ASSETS LESS CURRENT LIABILITIES

2,424,333

2,405,095

PROVISIONS FOR LIABILITIES

8

-

754

NET ASSETS

2,424,333

2,404,341

CAPITAL AND RESERVES

Called up share capital

9

10,100

10,100

Revaluation reserve

10

316,176

316,176

Retained earnings

10

2,098,057

2,078,065

SHAREHOLDERS' FUNDS

2,424,333

2,404,341

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2026 and were signed on its behalf by:

N H Robinson - Director

1.	STATUTORY INFORMATION

Keylighting 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 as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

at varying rates on cost

Fixtures and fittings

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST OR VALUATION

At 31 October 2024

660,000

1,767,519

81,960

2,509,479

Disposals

-

(1,767,519

)

(81,960

)

(1,849,479

)

At 30 October 2025

660,000

-

-

660,000

DEPRECIATION

At 31 October 2024

164,033

1,763,550

81,960

2,009,543

Charge for year

9,240

3,222

-

12,462

Eliminated on disposal

-

(1,766,772

)

(81,960

)

(1,848,732

)

At 30 October 2025

173,273

-

-

173,273

NET BOOK VALUE

At 30 October 2025

486,727

-

-

486,727

At 30 October 2024

495,967

3,969

-

499,936

Cost or valuation at 30 October 2025 is represented by:

Freehold

property

£

Valuation in 2015

316,176

Cost

343,824

660,000

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

30.10.25

30.10.24

£

£

Cost

726,313

726,313

Aggregate depreciation

125,885

125,885

Value of land in freehold land and buildings

610,994

610,994

The Keighley property was valued on an open market basis on 1 March 2015 by Benjamin Bentley & Partners, Bradford .

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 31 October 2024

64,979

Impairments

(18,104

)

At 30 October 2025

46,875

NET BOOK VALUE

At 30 October 2025

46,875

At 30 October 2024

64,979

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Artfitz Ltd

Registered office: Fairfax House, 6A Mill Field Road,Cottingley, Bingley, BD16 1PY

Nature of business: Lighting products manufacture

%

Class of shares:

holding

Ordinary A

100.00

Ordinary B

100.00

30.10.25

30.10.24

£

£

Aggregate capital and reserves

5,313,192

5,498,131

Profit for the year/period

87,348

11,228

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.10.25

30.10.24

£

£

Loans to subsidiary companies

4,606,185

4,709,158

Section 455 tax paid

59,120

59,120

4,665,305

4,768,278

The loan to subsidiary company is interest free and repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.10.25

30.10.24

£

£

Bank loans and overdrafts

74

-

Tax

46,771

29,034

Amounts due to group

2,727,735

2,899,071

2,774,580

2,928,105

8.	PROVISIONS FOR LIABILITIES

30.10.25

30.10.24

£

£

Deferred tax

-

754

Deferred

tax

£

Balance at 31 October 2024

754

Accelerated capital allowances

(754

)

Balance at 30 October 2025

-

The provision for deferred taxation relates entirely to accelerated capital allowances.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.10.25

30.10.24

value:

£

£

10,100

Ordinary

£1.00

10,100

10,100

10.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 31 October 2024

2,078,065

316,176

2,394,241

Profit for the year

19,992

19,992

At 30 October 2025

2,098,057

316,176

2,414,233

11.	RELATED PARTY DISCLOSURES

The company had the following loan relationships at the year end.

Amount due to Artfitz Limited, a subsidiary company, £2,727,735 (2024: £2,899,070)

Amount due from Nu Wave Limited, the ultimate holding company, £4,606,185 (2024: £4,610,152)

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Nu Wave Limited.