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Company Registration No. 05245285 (England and Wales)
Kee Services Limited Unaudited accounts for the year ended 31 December 2023
Kee Services Limited Unaudited accounts Contents
Page
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Kee Services Limited Company Information for the year ended 31 December 2023
Directors
R I Smith L J Smith M I R Smith
Secretary
L O Barwick-Smith
Company Number
05245285 (England and Wales)
Registered Office
College Road North Aston Clinton Aylesbury Buckinghamshire HP22 5EZ United Kingdom
Accountants
Grass & Holm Thornbury Cottage Chalk Hill Amersham BUCKS HP7 0LY
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Kee Services Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
148,344 
182,461 
Current assets
Inventories
346,223 
361,795 
Debtors
717,427 
899,039 
Cash at bank and in hand
1,643,593 
1,129,122 
2,707,243 
2,389,956 
Creditors: amounts falling due within one year
(671,087)
(517,730)
Net current assets
2,036,156 
1,872,226 
Net assets
2,184,500 
2,054,687 
Capital and reserves
Called up share capital
1,001 
1,001 
Profit and loss account
2,183,499 
2,053,686 
Shareholders' funds
2,184,500 
2,054,687 
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by
R I Smith Director Company Registration No. 05245285
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Kee Services Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Kee Services Limited is a private company, limited by shares, registered in England and Wales, registration number 05245285. The registered office is College Road North, Aston Clinton, Aylesbury, Buckinghamshire, HP22 5EZ, United Kingdom.
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.
Going concern
During the accounting period the world was impacted by a global pandemic, COVID-19. It is unclear what the long term impact on the company will be at this time, however the directors do not believe this will impact on the going concern of the company.
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:
Motor vehicles
25% straight line
Fixtures & fittings
25% straight line
Computer equipment
7 years straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
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Kee Services Limited Notes to the Accounts for the year ended 31 December 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
150,455 
103,499 
19,200 
273,154 
Additions
- 
7,604 
- 
7,604 
At 31 December 2023
150,455 
111,103 
19,200 
280,758 
Depreciation
At 1 January 2023
2,508 
85,899 
2,286 
90,693 
Charge for the year
30,091 
8,887 
2,743 
41,721 
At 31 December 2023
32,599 
94,786 
5,029 
132,414 
Net book value
At 31 December 2023
117,856 
16,317 
14,171 
148,344 
At 31 December 2022
147,947 
17,600 
16,914 
182,461 
5
Inventories
2023 
2022 
£ 
£ 
Raw materials
344,788 
361,795 
Work in progress
1,435 
- 
346,223 
361,795 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
693,601 
857,380 
Amounts due from group undertakings etc.
13,355 
20,519 
Accrued income and prepayments
1,914 
- 
Other debtors
8,557 
21,140 
717,427 
899,039 
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Kee Services Limited Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
42,634 
38,438 
Trade creditors
375,908 
334,353 
Taxes and social security
131,947 
62,043 
Other creditors
17,598 
7,571 
Loans from directors
- 
(27,675)
Accruals
103,000 
103,000 
671,087 
517,730 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Director's loan
27,675 
- 
27,675 
- 
27,675 
- 
27,675 
- 
The loan to the director was repaid during the year.
9
Transactions with related parties
The company purchases operation, administrative and management services from an associated company, KEE Process Limited. All of the directors of KEE Process Limited during 2023 were directors of KEE Services Limited. The total value of these services during the year was £132,000 (2022: £224,066). During the year the company made sales to KEE Process Limited of £110,129 (2022: £204,006) and purchases from KEE Process Limited of £456,319 (2022: £190,383). At 31 December 2023 the balance due from KEE Process Limited amounted to £13,355 (2022: due to Kee Process Limited £20,519).
10
Average number of employees
During the year the average number of employees was 36 (2022: 37).
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