KEEN & SONS LIMITED

Company Registration Number:
11347039 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 1 June 2022

End date: 31 May 2023

KEEN & SONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

KEEN & SONS LIMITED

Profit And Loss Account

for the Period Ended 31 May 2023

2023 2022


£

£
Turnover: 4,431,587 2,654,398
Cost of sales: ( 2,215,879 ) ( 1,743,829 )
Gross profit(or loss): 2,215,708 910,569
Distribution costs: ( 298,654 ) ( 137,298 )
Administrative expenses: ( 458,487 ) ( 187,327 )
Operating profit(or loss): 1,458,567 585,944
Profit(or loss) before tax: 1,458,567 585,944
Tax: ( 277,127 ) ( 111,329 )
Profit(or loss) for the financial year: 1,181,440 474,615

KEEN & SONS LIMITED

Balance sheet

As at 31 May 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 1,652,548 879,090
Total fixed assets: 1,652,548 879,090
Current assets
Stocks: 4 644,898 381,274
Debtors: 5 897,115 527,394
Cash at bank and in hand: 359,481 236,582
Total current assets: 1,901,494 1,145,250
Creditors: amounts falling due within one year: 6 ( 456,581 ) ( 108,319 )
Net current assets (liabilities): 1,444,913 1,036,931
Total assets less current liabilities: 3,097,461 1,916,021
Total net assets (liabilities): 3,097,461 1,916,021
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 3,097,460 1,916,020
Total Shareholders' funds: 3,097,461 1,916,021

The notes form part of these financial statements

KEEN & SONS LIMITED

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 23 February 2024
and signed on behalf of the board by:

Name: Grant Keen
Status: Director

The notes form part of these financial statements

KEEN & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

KEEN & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 23 22

KEEN & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2022 495,402 165,563 123,064 99,314 157,137 1,040,480
Additions 624,887 45,215 62,587 72,057 142,120 946,866
Disposals
Revaluations
Transfers
At 31 May 2023 1,120,289 210,778 185,651 171,371 299,257 1,987,346
Depreciation
At 1 June 2022 0 33,710 39,258 37,017 51,405 161,390
Charge for year 0 42,155 37,130 34,272 59,851 173,408
On disposals
Other adjustments
At 31 May 2023 0 75,865 76,388 71,289 111,256 334,798
Net book value
At 31 May 2023 1,120,289 134,913 109,263 100,082 188,001 1,652,548
At 31 May 2022 495,402 131,853 83,806 62,297 105,732 879,090

KEEN & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Stocks

2023 2022
£ £
Stocks 644,898 381,274
Total 644,898 381,274

KEEN & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Debtors

2023 2022
£ £
Trade debtors 897,115 527,394
Total 897,115 527,394

KEEN & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 179,454 32,478
Taxation and social security 277,127 75,841
Total 456,581 108,319