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Company Registration No. 09076143 (England and Wales)
Kethro Ltd Unaudited accounts for the year ended 30 June 2023
Kethro Ltd Unaudited accounts Contents
Page
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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
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Kethro Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
336,881 
172,701 
Investments
50 
50 
336,931 
172,751 
Current assets
Debtors
107,750 
78,381 
Cash at bank and in hand
42,981 
71,699 
150,731 
150,080 
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 
Capital and reserves
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
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Kethro Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
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.
Investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
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Kethro Ltd Notes to the Accounts for the year ended 30 June 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2022
25,000 
At 30 June 2023
25,000 
Amortisation
At 1 July 2022
25,000 
At 30 June 2023
25,000 
Net book value
At 30 June 2023
- 
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 
Depreciation
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 
Net book value
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 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
45,664 
15,249 
Accrued income and prepayments
386 
1,432 
46,050 
16,681 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
61,700 
61,700 
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Kethro Ltd Notes to the Accounts for the year ended 30 June 2023
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
16,384 
15,994 
Trade creditors
19,425 
1,692 
Taxes and social security
32,083 
13,648 
Loans from directors
98,164 
98,901 
166,056 
130,235 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
107,775 
40,017 
10
Average number of employees
During the year the average number of employees was 2 (2022: 1).
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