Company Registration No. 09076143 (England and Wales)
Kethro Ltd
Unaudited accounts
for the year ended 30 June 2023
Kethro Ltd
Unaudited accounts
Contents
Kethro Ltd
Company Information
for the year ended 30 June 2023
Director
Christopher Green
Company Number
09076143 (England and Wales)
Registered Office
Swift Accounting, Ground Floor
The Custom House, The Strand
Barnstaple
Devon
EX31 1EU
England
Accountants
Swift Accounting & Bookkeeping Services Ltd
Ground Floor, The Custom House
The Strand
Barnstaple
Devon
EX31 1EU
Kethro Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
336,881
172,701
Cash at bank and in hand
42,981
71,699
Creditors: amounts falling due within one year
(166,056)
(130,235)
Net current (liabilities)/assets
(15,325)
19,845
Total assets less current liabilities
321,606
192,596
Creditors: amounts falling due after more than one year
(107,775)
(40,017)
Provisions for liabilities
Deferred tax
(19,790)
(14,852)
Net assets
194,041
137,727
Called up share capital
100
100
Profit and loss account
193,941
137,627
Shareholders' funds
194,041
137,727
For the year ending 30 June 2023 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 director acknowledges his 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 and authorised for issue on 10 April 2024 and were signed on its behalf by
Christopher Green
Director
Company Registration No. 09076143
Kethro Ltd
Notes to the Accounts
for the year ended 30 June 2023
Kethro Ltd is a private company, limited by shares, registered in England and Wales, registration number 09076143. The registered office is Swift Accounting, Ground Floor, The Custom House, The Strand, Barnstaple, Devon, EX31 1EU, England.
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.
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:
Land & buildings
2% on cost
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Computer equipment
33% on cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
Kethro Ltd
Notes to the Accounts
for the year ended 30 June 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2022
101,467
52,535
100,877
1,799
256,678
Additions
142,428
60,926
-
-
203,354
Disposals
-
(25,050)
-
-
(25,050)
At 30 June 2023
243,895
88,411
100,877
1,799
434,982
At 1 July 2022
6,933
34,505
41,200
1,339
83,977
Charge for the year
4,239
14,047
11,936
230
30,452
On disposals
-
(16,328)
-
-
(16,328)
At 30 June 2023
11,172
32,224
53,136
1,569
98,101
At 30 June 2023
232,723
56,187
47,741
230
336,881
At 30 June 2022
94,534
18,030
59,677
460
172,701
6
Investments
Other investments
Valuation at 1 July 2022
50
Valuation at 30 June 2023
50
Amounts falling due within one year
Trade debtors
45,664
15,249
Accrued income and prepayments
386
1,432
Amounts falling due after more than one year
Amounts due from group undertakings etc.
61,700
61,700
Kethro Ltd
Notes to the Accounts
for the year ended 30 June 2023
8
Creditors: amounts falling due within one year
2023
2022
Trade creditors
19,425
1,692
Taxes and social security
32,083
13,648
Loans from directors
98,164
98,901
9
Creditors: amounts falling due after more than one year
2023
2022
10
Average number of employees
During the year the average number of employees was 2 (2022: 1).