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REGISTERED NUMBER: 01858776 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

KEHOE CONTRACTORS LIMITED

KEHOE CONTRACTORS LIMITED (REGISTERED NUMBER: 01858776)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEHOE CONTRACTORS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: M E Kehoe
F Kehoe





SECRETARY: F Kehoe





REGISTERED OFFICE: Unit 1 Hamansfield
Wing Road
Stewkley
Leighton Buzzard
LU7 0JB





REGISTERED NUMBER: 01858776 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
16 Davy Court
Castle Mound Way
Rugby, CV23 0UZ
Magma Audit LLP is part
Of the Dains Group

KEHOE CONTRACTORS LIMITED (REGISTERED NUMBER: 01858776)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 547,315 451,763

CURRENT ASSETS
Stocks 5,900 5,300
Debtors 5 845,496 766,993
Cash at bank and in hand 1,042,513 632,460
1,893,909 1,404,753
CREDITORS
Amounts falling due within one year 6 (685,262 ) (544,927 )
NET CURRENT ASSETS 1,208,647 859,826
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,755,962

1,311,589

CREDITORS
Amounts falling due after more than one
year

7

(74,606

)

(41,884

)

PROVISIONS FOR LIABILITIES 9 (128,215 ) (113,209 )
NET ASSETS 1,553,141 1,156,496

KEHOE CONTRACTORS LIMITED (REGISTERED NUMBER: 01858776)

BALANCE SHEET - continued
31 March 2024

2024 2023
Notes £    £   

CAPITAL AND RESERVES
Called up share capital 6,375 6,375
Share premium 57,711 57,711
Capital redemption reserve 62,500 62,500
Retained earnings 1,426,555 1,029,910
1,553,141 1,156,496

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





M E Kehoe - Director


KEHOE CONTRACTORS LIMITED (REGISTERED NUMBER: 01858776)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Kehoe Contractors Limited is a private limited company, limited by share capital, registered in England and Wales. Its registered office address is Unit 1 Hamansfield, Wing Road, Stewkley, Leighton Buzzard, LU7 0JB and the registered number is 01858776.

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 as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of goods and services
Revenue from a contract to provide goods and services is recognised in the period in which the goods and services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

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
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

No provision for depreciation is made on land. It is in the opinion of the directors that the life of the assets are so long and their residual value so high, that depreciation is insignificant. In accordance with FRS 102 annual impairment reviews are undertaken to confirm this treatment.

Investments in subsidiaries
Investment in the subsidiary company is held at cost less accumulated impairment losses.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

KEHOE CONTRACTORS LIMITED (REGISTERED NUMBER: 01858776)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances 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 rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Operating leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 10 (2023 - 11 ) .

KEHOE CONTRACTORS LIMITED (REGISTERED NUMBER: 01858776)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 985,530 1,398 191,829 31,757 1,210,514
Additions 215,461 - 130,400 1,821 347,682
Disposals (392,071 ) - (36,141 ) (5,309 ) (433,521 )
At 31 March 2024 808,920 1,398 286,088 28,269 1,124,675
DEPRECIATION
At 1 April 2023 617,141 1,176 117,394 23,040 758,751
Charge for year 131,230 56 48,968 2,189 182,443
Eliminated on disposal (333,123 ) - (27,172 ) (3,539 ) (363,834 )
At 31 March 2024 415,248 1,232 139,190 21,690 577,360
NET BOOK VALUE
At 31 March 2024 393,672 166 146,898 6,579 547,315
At 31 March 2023 368,389 222 74,435 8,717 451,763

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 75,675 84,197
Other debtors 769,821 682,796
845,496 766,993

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 50,068 18,616
Trade creditors 329,438 184,092
Taxation and social security 126,536 12,508
Other creditors 179,220 329,711
685,262 544,927

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 74,606 41,884

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 124,674 60,500

KEHOE CONTRACTORS LIMITED (REGISTERED NUMBER: 01858776)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 128,215 113,209

Deferred
tax
£   
Balance at 1 April 2023 113,209
Provided during year 15,006
Balance at 31 March 2024 128,215

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
M E Kehoe
Balance outstanding at start of year (167,537 ) 33,049
Amounts advanced 149,877 84,465
Amounts repaid (25,840 ) (285,051 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (43,500 ) (167,537 )

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the year end a balance was due from related parties of £94,259 (2023: £67,459). The loan is interest free and repayable on demand.

At the year end a balance was due from a related parties of £125,332 (2023: £125,332). The loan is interest free and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Kehoe Contractor Holdings Limited, a company registered in England and Wales.