Key Fire & Security Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08567632 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Key Fire & Security Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K Montgomery

REGISTERED OFFICE:

RCM Business Centres

Sandbeds Trading Estate

Dewsbury Road

Ossett

West Yorkshire

WF5 9ND

REGISTERED NUMBER:

08567632 (England and Wales)

ACCOUNTANTS:

Sochall Smith Limited

Chartered Accountants

3 Park Square

Leeds

LS1 2NE

FIXED ASSETS

Tangible assets

4

5,127

1,058

CURRENT ASSETS

Debtors

5

88,515

58,393

Cash at bank

-

1,157

88,515

59,550

CREDITORS

Amounts falling due within one year

6

140,307

48,943

NET CURRENT (LIABILITIES)/ASSETS

(51,792

)

10,607

TOTAL ASSETS LESS CURRENT LIABILITIES

(46,665

)

11,665

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

(46,765

)

11,565

SHAREHOLDERS' FUNDS

(46,665

)

11,665

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 28 March 2018 and were signed by:

K Montgomery - Director

1.	STATUTORY INFORMATION

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

Turnover

Turnover represents net invoiced provision of services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

1,587

Additions

5,647

At 31 March 2017

7,234

DEPRECIATION

At 1 April 2016

529

Charge for year

1,578

At 31 March 2017

2,107

NET BOOK VALUE

At 31 March 2017

5,127

At 31 March 2016

1,058

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

87,659

58,318

Prepayments

856

75

88,515

58,393

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts

1,148

-

Trade creditors

111,072

27,823

Tax

2,792

2,792

Social security and other taxes

14,508

10,343

Wages creditor

1,052

-

Directors' current accounts

60

60

Accrued expenses

9,675

7,925

140,307

48,943

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 April 2016

11,565

Deficit for the year

(58,330

)

At 31 March 2017

(46,765

)

9.	RELATED PARTY DISCLOSURES

At 31 March 2017 the company was owed £18,000 (2016: £NIL) from Key Security (UK) Limited, a company

in which Mr K Montgomery is a director.This amount in included within trade debtors.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K Montgomery.