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Company Registration No. 10367521 (England and Wales)
KEE Projects Ltd Unaudited accounts for the year ended 31 October 2023
KEE Projects Ltd Unaudited accounts Contents
Page
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KEE Projects Ltd Company Information for the year ended 31 October 2023
Director
Joseph Loftus
Company Number
10367521 (England and Wales)
Registered Office
Kingsbury House 468 Church Lane London NW9 8UA
Accountants
Karia & Karia Kingsbury House 468 Church Lane London NW9 8UA
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KEE Projects Ltd Accountants' report
Accountants' report to the director of KEE Projects Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 October 2023.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 October 2023. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Karia & Karia Kingsbury House 468 Church Lane London NW9 8UA 24 July 2024
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KEE Projects Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
35,130 
38,472 
Current assets
Inventories
1,000 
- 
Debtors
792,210 
101,749 
Cash at bank and in hand
1,218,792 
1,535,141 
2,012,002 
1,636,890 
Creditors: amounts falling due within one year
(585,406)
(645,383)
Net current assets
1,426,596 
991,507 
Total assets less current liabilities
1,461,726 
1,029,979 
Creditors: amounts falling due after more than one year
(16,926)
(26,667)
Net assets
1,444,800 
1,003,312 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
1,444,798 
1,003,310 
Shareholders' funds
1,444,800 
1,003,312 
For the year ending 31 October 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 24 July 2024 and were signed on its behalf by
Joseph Loftus Director Company Registration No. 10367521
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KEE Projects Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
KEE Projects Ltd is a private company, limited by shares, registered in England and Wales, registration number 10367521. The registered office is Kingsbury House, 468 Church Lane, London, NW9 8UA.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% 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 on other comprehensive income or directly in income. 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.
Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
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KEE Projects Ltd Notes to the Accounts for the year ended 31 October 2023
Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
12,860 
69,173 
13,249 
95,282 
Additions
- 
- 
6,822 
6,822 
At 31 October 2023
12,860 
69,173 
20,071 
102,104 
Depreciation
At 1 November 2022
10,570 
39,344 
6,896 
56,810 
Charge for the year
572 
7,455 
2,137 
10,164 
At 31 October 2023
11,142 
46,799 
9,033 
66,974 
Net book value
At 31 October 2023
1,718 
22,374 
11,038 
35,130 
At 31 October 2022
2,290 
29,829 
6,353 
38,472 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
517,260 
71,703 
Accrued income and prepayments
4,155 
22,653 
Other debtors
9,865 
- 
531,280 
94,356 
Amounts falling due after more than one year
Other debtors
260,930 
7,393 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Trade creditors
135,081 
311,492 
Taxes and social security
421,532 
266,950 
Other creditors
13,541 
54,881 
Accruals
5,252 
2,060 
585,406 
645,383 
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KEE Projects Ltd Notes to the Accounts for the year ended 31 October 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
16,926 
26,667 
8
Pension commitments
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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