KEILTY LTD

2021-04-012022-03-312022-03-31false10570381KEILTY LTD2023-03-2982990iso4217:GBPxbrli:pure105703812021-04-01105703812022-03-31105703812021-04-012022-03-31105703812020-04-01105703812021-03-31105703812020-04-012021-03-3110570381bus:SmallEntities2021-04-012022-03-3110570381bus:AuditExempt-NoAccountantsReport2021-04-012022-03-3110570381bus:FullAccounts2021-04-012022-03-3110570381bus:PrivateLimitedCompanyLtd2021-04-012022-03-3110570381core:WithinOneYear2022-03-3110570381core:AfterOneYear2022-03-3110570381core:WithinOneYear2021-03-3110570381core:AfterOneYear2021-03-3110570381core:ShareCapital2022-03-3110570381core:SharePremium2022-03-3110570381core:RevaluationReserve2022-03-3110570381core:OtherReservesSubtotal2022-03-3110570381core:RetainedEarningsAccumulatedLosses2022-03-3110570381core:ShareCapital2021-03-3110570381core:SharePremium2021-03-3110570381core:RevaluationReserve2021-03-3110570381core:OtherReservesSubtotal2021-03-3110570381core:RetainedEarningsAccumulatedLosses2021-03-3110570381core:LandBuildings2022-03-3110570381core:PlantMachinery2022-03-3110570381core:Vehicles2022-03-3110570381core:FurnitureFittings2022-03-3110570381core:OfficeEquipment2022-03-3110570381core:NetGoodwill2022-03-3110570381core:IntangibleAssetsOtherThanGoodwill2022-03-3110570381core:ListedExchangeTraded2022-03-3110570381core:UnlistedNon-exchangeTraded2022-03-3110570381core:LandBuildings2021-03-3110570381core:PlantMachinery2021-03-3110570381core:Vehicles2021-03-3110570381core:FurnitureFittings2021-03-3110570381core:OfficeEquipment2021-03-3110570381core:NetGoodwill2021-03-3110570381core:IntangibleAssetsOtherThanGoodwill2021-03-3110570381core:ListedExchangeTraded2021-03-3110570381core:UnlistedNon-exchangeTraded2021-03-3110570381core:LandBuildings2021-04-012022-03-3110570381core:PlantMachinery2021-04-012022-03-3110570381core:Vehicles2021-04-012022-03-3110570381core:FurnitureFittings2021-04-012022-03-3110570381core:OfficeEquipment2021-04-012022-03-3110570381core:NetGoodwill2021-04-012022-03-3110570381core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3110570381core:ListedExchangeTraded2021-04-012022-03-3110570381core:UnlistedNon-exchangeTraded2021-04-012022-03-3110570381core:MoreThanFiveYears2021-04-012022-03-3110570381core:Non-currentFinancialInstruments2022-03-3110570381core:Non-currentFinancialInstruments2021-03-3110570381dpl:CostSales2021-04-012022-03-3110570381dpl:DistributionCosts2021-04-012022-03-3110570381dpl:AdministrativeExpenses2021-04-012022-03-3110570381core:LandBuildings2021-04-012022-03-3110570381core:PlantMachinery2021-04-012022-03-3110570381core:Vehicles2021-04-012022-03-3110570381core:FurnitureFittings2021-04-012022-03-3110570381core:OfficeEquipment2021-04-012022-03-3110570381core:NetGoodwill2021-04-012022-03-3110570381core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3110570381dpl:GroupUndertakings2021-04-012022-03-3110570381dpl:ParticipatingInterests2021-04-012022-03-3110570381dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3110570381core:ListedExchangeTraded2021-04-012022-03-3110570381dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3110570381core:UnlistedNon-exchangeTraded2021-04-012022-03-3110570381dpl:CostSales2020-04-012021-03-3110570381dpl:DistributionCosts2020-04-012021-03-3110570381dpl:AdministrativeExpenses2020-04-012021-03-3110570381core:LandBuildings2020-04-012021-03-3110570381core:PlantMachinery2020-04-012021-03-3110570381core:Vehicles2020-04-012021-03-3110570381core:FurnitureFittings2020-04-012021-03-3110570381core:OfficeEquipment2020-04-012021-03-3110570381core:NetGoodwill2020-04-012021-03-3110570381core:IntangibleAssetsOtherThanGoodwill2020-04-012021-03-3110570381dpl:GroupUndertakings2020-04-012021-03-3110570381dpl:ParticipatingInterests2020-04-012021-03-3110570381dpl:GroupUndertakingscore:ListedExchangeTraded2020-04-012021-03-3110570381core:ListedExchangeTraded2020-04-012021-03-3110570381dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-04-012021-03-3110570381core:UnlistedNon-exchangeTraded2020-04-012021-03-3110570381core:NetGoodwill2022-03-3110570381core:IntangibleAssetsOtherThanGoodwill2022-03-3110570381core:LandBuildings2022-03-3110570381core:PlantMachinery2022-03-3110570381core:Vehicles2022-03-3110570381core:FurnitureFittings2022-03-3110570381core:OfficeEquipment2022-03-3110570381core:AfterOneYear2022-03-3110570381core:WithinOneYear2022-03-3110570381core:ListedExchangeTraded2022-03-3110570381core:UnlistedNon-exchangeTraded2022-03-3110570381core:ShareCapital2022-03-3110570381core:SharePremium2022-03-3110570381core:RevaluationReserve2022-03-3110570381core:OtherReservesSubtotal2022-03-3110570381core:RetainedEarningsAccumulatedLosses2022-03-3110570381core:NetGoodwill2021-03-3110570381core:IntangibleAssetsOtherThanGoodwill2021-03-3110570381core:LandBuildings2021-03-3110570381core:PlantMachinery2021-03-3110570381core:Vehicles2021-03-3110570381core:FurnitureFittings2021-03-3110570381core:OfficeEquipment2021-03-3110570381core:AfterOneYear2021-03-3110570381core:WithinOneYear2021-03-3110570381core:ListedExc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KEILTY LTD

Registered Number
10570381
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2022

KEILTY LTD

Company Information
for the year from 1 April 2021 to 31 March 2022


Directors	KEILTY, Lee John


Registered Address	14 Tolmers Road
	Cuffley
	Potters Bar
	EN6 4LA


Registered Number	10570381 (England and Wales)

KEILTY LTD

Balance Sheet as at
31 March 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	5		8,873		16,487
			8,873		16,487
Current assets
Debtors	6	577,921		189,851
Cash at bank and on hand		32,890		6,646
		610,811		196,497
Creditors amounts falling due within one year	7	(237,820)		(56,451)
Net current assets (liabilities)			372,991		140,046
Total assets less current liabilities			381,864		156,533
Creditors amounts falling due after one year	8		(49,453)		(54,512)
Net assets			332,411		102,021
Capital and reserves
Called up share capital			100		100
Profit and loss account			332,311		101,921
Shareholders' funds			332,411		102,021

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Director on 29 March 2023, and are signed on its behalf by:

KEILTY, Lee John
Director
Registered Company No. 10570381

KEILTY LTD

Notes to the Financial Statements
for the year ended 31 March 2022

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

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	4
	Office Equipment	4

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Investments policy
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments policy

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

4.	Employee information


		2022		2021
	Average number of employees during the year	1		1

5.	Property, plant and equipment

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 April 21	35,478	-	35,478
Additions	460	1,215	1,675
At 31 March 22	35,938	1,215	37,153
Depreciation and impairment
At 01 April 21	18,991	-	18,991
Charge for year	8,985	304	9,289
At 31 March 22	27,976	304	28,280
Net book value
At 31 March 22	7,962	911	8,873
At 31 March 21	16,487	-	16,487

6.	Debtors

	2022	2021
	£	£
Trade debtors / trade receivables	239,941	66,657
Other debtors	337,980	123,194
Total	577,921	189,851


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

7.	Creditors within one year

	2022	2021
	£	£
Trade creditors / trade payables	59,162	7,871
Bank borrowings and overdrafts	8,979	3,303
Taxation and social security	113,679	45,277
Other creditors	56,000	-
Total	237,820	56,451


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors after one year

	2022	2021
	£	£
Bank borrowings and overdrafts	49,453	54,512
Total	49,453	54,512