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REGISTERED NUMBER: 08260601 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Keon It Limited

Keon It Limited (Registered number: 08260601)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Keon It Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mrs N L Jones
K O Jones





REGISTERED OFFICE: 255 Juniper Way
Bradley Stoke
United Kingdom
Bristol
BS32 0DP





REGISTERED NUMBER: 08260601 (England and Wales)





ACCOUNTANTS: Blue Sky Accounting Ltd
136 Wedmore Park
Southdown
Bath
BA2 1LA

Keon It Limited (Registered number: 08260601)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,134 23,894

CURRENT ASSETS
Debtors 5 47,080 13,265
Cash at bank 121,655 74,848
168,735 88,113
CREDITORS
Amounts falling due within one year 6 45,228 17,655
NET CURRENT ASSETS 123,507 70,458
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,641

94,352

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 143,639 94,350
SHAREHOLDERS' FUNDS 143,641 94,352

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 6 December 2023 and were signed on its behalf by:





K O Jones - Director


Keon It Limited (Registered number: 08260601)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Keon It 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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 2 (2022 - 2 ) .

Keon It Limited (Registered number: 08260601)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2022 4,561 23,351 14,482 42,394
Additions - - 2,950 2,950
At 31 October 2023 4,561 23,351 17,432 45,344
DEPRECIATION
At 1 November 2022 2,637 6,417 9,446 18,500
Charge for year 481 4,233 1,996 6,710
At 31 October 2023 3,118 10,650 11,442 25,210
NET BOOK VALUE
At 31 October 2023 1,443 12,701 5,990 20,134
At 31 October 2022 1,924 16,934 5,036 23,894

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 47,080 13,265

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Tax 32,940 14,948
VAT 11,131 961
Other creditors - 99
Directors' loan accounts 57 647
Accruals and deferred income 1,100 1,000
45,228 17,655

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
2 Ordinary £1 2 2

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £64,000 (2022 - £65,500) were paid to the directors .