Company Registration No. 05245285 (England and Wales)
Kee Services Limited
Unaudited accounts
for the year ended 31 December 2021
Kee Services Limited
Unaudited accounts
Contents
Kee Services Limited
Company Information
for the year ended 31 December 2021
Directors
R I Smith
L J Smith
M I R Smith
Secretary
L O Barwick-Smith
Company Number
05245285 (England and Wales)
Registered Office
College Road North
Aston Clinton
Aylesbury
Buckinghamshire
HP22 5EZ
United Kingdom
Accountants
Grass & Holm
Thornbury Cottage
Chalk Hill
Amersham
BUCKS
HP7 0LY
Kee Services Limited
Statement of financial position
as at 31 December 2021
Tangible assets
32,316
60,933
Inventories
311,407
251,071
Cash at bank and in hand
1,600,105
1,306,795
Creditors: amounts falling due within one year
(641,699)
(558,923)
Net current assets
1,868,362
1,533,480
Net assets
1,900,678
1,594,413
Called up share capital
1,001
1,001
Profit and loss account
1,899,677
1,593,412
Shareholders' funds
1,900,678
1,594,413
For the year ending 31 December 2021 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2022 and were signed on its behalf by
R I Smith
Director
Company Registration No. 05245285
Kee Services Limited
Notes to the Accounts
for the year ended 31 December 2021
Kee Services Limited is a private company, limited by shares, registered in England and Wales, registration number 05245285. The registered office is College Road North, Aston Clinton, Aylesbury, Buckinghamshire, HP22 5EZ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
During the accounting period the world was impacted by a global pandemic, COVID-19. It is unclear what the long term impact on the company will be at this time, however the directors do not believe this will impact on the going concern of the company.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% straight line
Fixtures & fittings
25% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Kee Services Limited
Notes to the Accounts
for the year ended 31 December 2021
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2021
22,800
92,258
115,058
At 31 December 2021
22,800
92,258
115,058
At 1 January 2021
13,775
40,350
54,125
Charge for the year
5,700
22,917
28,617
At 31 December 2021
19,475
63,267
82,742
At 31 December 2021
3,325
28,991
32,316
At 31 December 2020
9,025
51,908
60,933
Raw materials
311,407
251,071
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Debtors: amounts falling due within one year
2021
2020
Trade debtors
588,034
531,485
Accrued income and prepayments
9,140
1,000
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Creditors: amounts falling due within one year
2021
2020
Trade creditors
354,692
202,487
Taxes and social security
141,231
110,907
Other creditors
18,059
19,190
Loans from directors
(70)
(70)
Kee Services Limited
Notes to the Accounts
for the year ended 31 December 2021
8
Transactions with related parties
The company purchases operation, administrative and management services from an associated company, KEE Process Limited. All of the directors of KEE Process Limited are directors of KEE Services Limited. The total value of these services during the year was £219,000 (2020: £213,600). During the year the company made sales to KEE Process Limited of £181,143 (2020: £88,002) and purchases from KEE Process Limited of £147,383 (2020: £59,830 ).
At 31 December 2021 the balance due to KEE Process Limited amounted to £15,453 (2020: due to Kee Process Limited £10,850).
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Average number of employees
During the year the average number of employees was 37 (2020: 39).