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REGISTERED NUMBER: 03306398 (England and Wales)







KEE NETWORK SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023






KEE NETWORK SERVICES LIMITED (REGISTERED NUMBER: 03306398)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEE NETWORK SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: N Keech
T R Cafferty





REGISTERED OFFICE: Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH





REGISTERED NUMBER: 03306398 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

KEE NETWORK SERVICES LIMITED (REGISTERED NUMBER: 03306398)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,651 46,984

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 71,950 53,503
Cash at bank 78,944 81,539
151,894 136,042
CREDITORS
Amounts falling due within one year 6 32,658 43,323
NET CURRENT ASSETS 119,236 92,719
TOTAL ASSETS LESS CURRENT
LIABILITIES

146,887

139,703

CREDITORS
Amounts falling due after more than one
year

7

(23,279

)

(35,599

)

PROVISIONS FOR LIABILITIES (5,180 ) (8,836 )
NET ASSETS 118,428 95,268

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 118,328 95,168
SHAREHOLDERS' FUNDS 118,428 95,268

KEE NETWORK SERVICES LIMITED (REGISTERED NUMBER: 03306398)

BALANCE SHEET - continued
30TH JUNE 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th January 2024 and were signed on its behalf by:





N Keech - Director


KEE NETWORK SERVICES LIMITED (REGISTERED NUMBER: 03306398)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023


1. STATUTORY INFORMATION

Kee Network Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The trading address is Broughton Grange, Kettering, Northants, NN16 9LA.

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 - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

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

Financial instruments
The company is party to only the basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


KEE NETWORK SERVICES LIMITED (REGISTERED NUMBER: 03306398)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


2. ACCOUNTING POLICIES - continued
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.

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 4 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st July 2022 32,991 5,604 126,242 164,837
Additions - 175 - 175
At 30th June 2023 32,991 5,779 126,242 165,012
DEPRECIATION
At 1st July 2022 32,991 4,977 79,885 117,853
Charge for year - 205 19,303 19,508
At 30th June 2023 32,991 5,182 99,188 137,361
NET BOOK VALUE
At 30th June 2023 - 597 27,054 27,651
At 30th June 2022 - 627 46,357 46,984

KEE NETWORK SERVICES LIMITED (REGISTERED NUMBER: 03306398)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH 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 1st July 2022
and 30th June 2023 67,134
DEPRECIATION
At 1st July 2022 23,296
Charge for year 16,784
At 30th June 2023 40,080
NET BOOK VALUE
At 30th June 2023 27,054
At 30th June 2022 43,838

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 68,197 49,198
Amounts owed by group undertakings 2,356 -
Other debtors 129 2,415
Directors' current accounts - 475
VAT - 320
Prepayments and accrued income 1,268 1,095
71,950 53,503

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 12,320 11,410
Trade creditors 11,341 20,877
Amounts owed to group undertakings - 652
Corporation tax 3,956 -
PAYE and NIC 1,172 784
VAT 42 -
Wages creditor - 6,568
Pension creditor 378 315
Directors' current accounts 706 -
Accrued expenses 2,743 2,717
32,658 43,323

KEE NETWORK SERVICES LIMITED (REGISTERED NUMBER: 03306398)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 23,279 35,599

8. RELATED PARTY DISCLOSURES

All material related party transactions with owners holding a participating interest, companies in which the entity has a participating interest and directors were all concluded under normal market conditions.