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REGISTERED NUMBER: 03265778 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

KEO CONTRACTORS LIMITED

KEO CONTRACTORS LIMITED (REGISTERED NUMBER: 03265778)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEO CONTRACTORS LIMITED

COMPANY INFORMATION
for the year ended 30 June 2023







DIRECTORS: Mr P A Sanders
Mr A D Kelf
Mrs P J Sanders





SECRETARY: Mrs P J Sanders





REGISTERED OFFICE: Touchette House
Dewing Road, Rackheath Industrial Estate
Rackheath
Norwich
Norfolk
NR13 6PS





REGISTERED NUMBER: 03265778 (England and Wales)





ACCOUNTANTS: Sexty & Co
Chartered Certified Accountants
124 Thorpe Road
Norwich
Norfolk
NR1 1RS

KEO CONTRACTORS LIMITED (REGISTERED NUMBER: 03265778)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 103,013 128,771

CURRENT ASSETS
Stocks 5 30,000 70,000
Debtors 6 185,228 162,055
Cash at bank and in hand 126,028 121,179
341,256 353,234
CREDITORS
Amounts falling due within one year 7 331,762 355,335
NET CURRENT ASSETS/(LIABILITIES) 9,494 (2,101 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,507

126,670

CREDITORS
Amounts falling due after more than one
year

8

(32,592

)

(60,267

)

PROVISIONS FOR LIABILITIES (12,616 ) (3,250 )
NET ASSETS 67,299 63,153

CAPITAL AND RESERVES
Called up share capital 240 240
Capital redemption reserve 760 760
Retained earnings 66,299 62,153
SHAREHOLDERS' FUNDS 67,299 63,153

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

KEO CONTRACTORS LIMITED (REGISTERED NUMBER: 03265778)

BALANCE SHEET - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2023 and were signed on its behalf by:





Mr P A Sanders - Director


KEO CONTRACTORS LIMITED (REGISTERED NUMBER: 03265778)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2023

1. STATUTORY INFORMATION

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Work in progress is valued at the lower of cost and net realisable value, less amounts invoiced on account. Amounts invoiced in excess of valuation are included in the balance sheet as trade creditors. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

KEO CONTRACTORS LIMITED (REGISTERED NUMBER: 03265778)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 97,795 4,786 199,172 34,101 335,854
Additions 8,000 714 - 1,799 10,513
Disposals (5,300 ) - - - (5,300 )
At 30 June 2023 100,495 5,500 199,172 35,900 341,067
DEPRECIATION
At 1 July 2022 77,058 3,322 94,764 31,939 207,083
Charge for year 6,367 326 26,110 1,769 34,572
Eliminated on disposal (3,601 ) - - - (3,601 )
At 30 June 2023 79,824 3,648 120,874 33,708 238,054
NET BOOK VALUE
At 30 June 2023 20,671 1,852 78,298 2,192 103,013
At 30 June 2022 20,737 1,464 104,408 2,162 128,771

KEO CONTRACTORS LIMITED (REGISTERED NUMBER: 03265778)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2022
and 30 June 2023 116,507
DEPRECIATION
At 1 July 2022
and 30 June 2023 66,226
NET BOOK VALUE
At 30 June 2023 50,281
At 30 June 2022 50,281

5. STOCKS
2023 2022
£    £   
Stocks 10,000 10,000
Work-in-progress 20,000 60,000
30,000 70,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 162,941 155,567
Other debtors - 1,540
Directors' current accounts 21,950 -
Prepayments 337 4,948
185,228 162,055

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 18,725 19,374
Hire purchase contracts 7,206 11,319
Trade creditors 277,881 269,375
Tax 4,500 -
Social security and other taxes 15,447 15,587
VAT 5,783 37,510
Accruals and deferred income 2,220 2,170
331,762 355,335

KEO CONTRACTORS LIMITED (REGISTERED NUMBER: 03265778)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans - 1-2 years 18,609 38,652
Hire purchase contracts 13,983 21,615
32,592 60,267

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 21,189 32,934

Hire purchase contracts are secured against the relevant assets under agreement.