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Registered number: 00598173










KEA-FLEX MOULDINGS LIMITED










DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
KEA-FLEX MOULDINGS LIMITED
 
 
COMPANY INFORMATION


Directors
P L Bristow 
A Tuffield 
D Neeb 




Registered number
00598173



Registered office
Lion House
Oriental Road

Woking

Surrey

GU22 8AP




Independent auditors
Haysmacintyre LLP

10 Queen Street Place

London

EC4R 1AG





 
KEA-FLEX MOULDINGS LIMITED
 

CONTENTS



Page
Directors' report
 
1 - 2
Independent auditors' report
 
3 - 6
Income statement
 
7
Statement of financial position
 
8
Statement of changes in equity
 
9
Notes to the financial statements
 
10 - 16


 
KEA-FLEX MOULDINGS LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2024

The Directors present their report and the financial statements for the year ended 31 March 2024.

Directors' responsibilities statement

The Directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the Directors to prepare financial statements for each financial year. Under that law the Directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the Directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results

The loss for the year, after taxation, amounted to £344,978 (2023 - loss £287,911).

Directors

The Directors who served during the year and at the date of signing of this report are:

P L Bristow 
A Tuffield 
D Neeb (appointed 3 April 2023)
 
Disclosure of information to auditors

Each of the persons who are Directors at the time when this Directors' report is approved has confirmed that:
 
so far as the Director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

the Director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Page 1

 
KEA-FLEX MOULDINGS LIMITED
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024

Auditors

The auditorsHaysmacintyre LLPwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Small companies note

In preparing this report, the Directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the Board of Directors on 2 October 2024 and signed on its behalf.
 





P L Bristow
Director

Page 2

 
KEA-FLEX MOULDINGS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF KEA-FLEX MOULDINGS LIMITED
 

Opinion


We have audited the financial statements of Kea-Flex Mouldings Limited (the 'Company') for the year ended 31 March 2024, which comprise the Income statement, the Statement of financial position, the Statement of changes in equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 31 March 2024 and of its loss for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the Directors with respect to going concern are described in the relevant sections of this report.


Page 3

 
KEA-FLEX MOULDINGS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF KEA-FLEX MOULDINGS LIMITED (CONTINUED)


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The Directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Directors' report has been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of Directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the Directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Directors' report and from the requirement to prepare a Strategic report.


Page 4

 
KEA-FLEX MOULDINGS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF KEA-FLEX MOULDINGS LIMITED (CONTINUED)


Responsibilities of Directors
 

As explained more fully in the Directors' responsibilities statement set out on page 1, the Directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud
Based on our understanding of the Company and industry, we identified that the principal risks of non-compliance with laws and regulations related to regulatory requirements for manufacturing businesses such as health and safety and trade regulations, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006, income tax, payroll tax and sales tax. 
We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to revenue and management bias in accounting estimates. Audit procedures performed by the engagement team included: 
• Inspecting correspondence with regulators and tax authorities;
• Discussion with management including consideration of known or suspected instances of non-compliance
with laws and regulations and fraud;
• Evaluating managements’ controls designed to prevent and detect irregularities;
• Identifying and testing journals, in particular journal entries posted with unusually large amounts or with unusual descriptions; and
• Challenging assumptions and judgements made by management in their critical accounting estimates.
 


Page 5

 
KEA-FLEX MOULDINGS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF KEA-FLEX MOULDINGS LIMITED (CONTINUED)


Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





Bernadette King (Senior statutory auditor)
for and on behalf of
Haysmacintyre LLP
Statutory Auditors
10 Queen Street Place
London
EC4R 1AG

2 October 2024
Page 6

 
KEA-FLEX MOULDINGS LIMITED
 
 
INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

2024
2023
£
£

Turnover
  
2,365,217
2,135,075

Change in stocks of finished goods and work in progress
  
(20,804)
(33,139)

Other operating income
  
1,075
1,455

Raw materials and consumables
  
(419,325)
(503,624)

Other external charges
  
(734,329)
(562,089)

Staff costs
  
(1,144,575)
(1,062,543)

Depreciation and amortisation
  
(256,843)
(199,365)

Operating loss
  
(209,584)
(224,230)

Interest payable and similar expenses
  
(135,394)
(63,681)

Loss before tax
  
(344,978)
(287,911)

Tax on loss
  
-
-

Loss for the year
  
(344,978)
(287,911)

There are no items of other comprehensive income for 2024 or 2023 other than the loss for the yearAs a result, no separate Statement of comprehensive income has been presented.

Page 7

 
KEA-FLEX MOULDINGS LIMITED
REGISTERED NUMBER: 00598173

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
1,227,992
1,216,192

  
1,227,992
1,216,192

Current assets
  

Stocks
 4 
267,648
319,325

Debtors: amounts falling due within one year
 5 
445,331
429,441

Cash at bank and in hand
  
352
453

  
713,331
749,219

Creditors: amounts falling due within one year
 6 
(1,777,256)
(2,058,512)

Net current liabilities
  
 
 
(1,063,925)
 
 
(1,309,293)

Total assets less current liabilities
  
164,067
(93,101)

Creditors: amounts falling due after more than one year
 7 
(11,463)
(12,543)

Provisions for liabilities
  

Deferred tax
  
(60,000)
(60,000)

  
 
 
(60,000)
 
 
(60,000)

Net assets/(liabilities)
  
92,604
(165,644)


Capital and reserves
  

Called up share capital 
  
1,250,000
650,000

Share premium account
  
3,200
3,200

Profit and loss account
  
(1,160,596)
(818,844)

  
92,604
(165,644)


The financial statements have been prepared 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 financial statements were approved and authorised for issue by the Board of Directors and were signed on its behalf on 2 October 2024.




P L Bristow
Director

Page 8

 
KEA-FLEX MOULDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
AS AT 31 MARCH 2024


Share  capital
Share   premium
Profit and loss account
Total
 equity

£
£
£
£

At 1 April 2023
650,000
3,200
(818,844)
(165,644)


Comprehensive income for the year

Loss for the year
-
-
(344,978)
(344,978)

Shares issued during the year
600,000
-
-
600,000

Equity Participation Scheme
-
-
3,226
3,226


At 31 March 2024
1,250,000
3,200
(1,160,596)
92,604



STATEMENT OF CHANGES IN EQUITY
AS AT 31 MARCH 2023


Share  capital
Share   premium
Profit and loss account
Total
 equity

£
£
£
£

At 1 April 2022
650,000
3,200
(530,933)
122,267


Comprehensive income for the year

Loss for the year
-
-
(287,911)
(287,911)


At 31 March 2023
650,000
3,200
(818,844)
(165,644)


Page 9

 
KEA-FLEX MOULDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

Kea-Flex Mouldings Limited is a private company, limited by shares, registered in England and Wales.
The registered office is:
Lion House
Oriental Road
Woking
Surrey
GU22 8AP
The principal place of business is:
53 Woolmer Way
Woolmer Trading Estate
Bordon
Hampshire
GU35 9QE
The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland, and the Companies Act 2006.
The following principal accounting policies have been applied:

 
1.2

Going concern

After reviewing the Company’s forecasts and projections, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. As part of their review of the Company’s forecasts and projections, the Directors have received confirmation that the parent company, James Walker Group Ltd, will continue to support the Company for at least a year following the date of approving these financial statements. The Company therefore continues to adopt the going concern basis in preparing its financial statements.

 
1.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. 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 turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 10

 
KEA-FLEX MOULDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies (continued)

 
1.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided as follows:

Plant and machinery
-
10% straight-line method
Motor vehicles
-
25% straight-line method
Fixtures and fittings
-
10% straight-line method
Computer equipment
-
33% straight-line method
Tooling costs
-
20% straight-line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'other external charges' in the Income Statement.

 
1.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the 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 reporting 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 the Income Statement.

 
1.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 11

 
KEA-FLEX MOULDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies (continued)

 
1.8

Pensions

Defined contribution pension scheme
The Company operates a defined contribution scheme for its employees. A defined contribution scheme is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payments obligations.
The contributions are recognised as an expense in the Income Statement when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the scheme are held separately from the Company in independently administered funds.
Defined benefit pension scheme
Where the risks of a defined benefit scheme are shared between entities under common control, the net defined benefit cost is recognised in the financial statements of the Group entity which is legally responsible for the plan and all other Group entities recognise a cost equal to their contribution payable for the period.

  
1.9

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provisions carried in the Statement of financial position. 

Page 12

 
KEA-FLEX MOULDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies (continued)

 
1.10

Current and deferred taxation

Tax is recognised in the Income Statement, except where a charge is attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity. In such cases the charge is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:

The recognition of deferred lax 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.

Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and tne future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is  determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


2.


Employees

The average monthly number of employees, including Directors, during the year was 28 (2023: 26).

Page 13

 
KEA-FLEX MOULDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
3,492,214
22,144
191,103
71,110
3,776,571


Additions
261,378
-
2,565
4,700
268,643


Disposals
(45,395)
-
(41,219)
(42,361)
(128,975)



At 31 March 2024

3,708,197
22,144
152,449
33,449
3,916,239



Depreciation


At 1 April 2023
2,291,569
22,144
185,071
61,595
2,560,379


Charge for the year on owned assets
251,662
-
1,728
3,453
256,843


Disposals
(45,395)
-
(41,219)
(42,361)
(128,975)



At 31 March 2024

2,497,836
22,144
145,580
22,687
2,688,247



Net book value



At 31 March 2024
1,210,361
-
6,869
10,762
1,227,992



At 31 March 2023
1,200,645
-
6,032
9,515
1,216,192


4.


Stocks

2024
2023
£
£

Raw materials and consumables
118,823
149,696

Finished goods and work in progress
148,825
169,629

267,648
319,325


Page 14

 
KEA-FLEX MOULDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£

Trade debtors
416,249
351,096

Amounts owed by group undertakings
13,817
27,791

Other debtors
501
16,717

Prepayments and accrued income
14,764
33,837

445,331
429,441



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
117,491
60,238

Amounts owed to group undertakings
1,529,805
1,893,864

Other taxation and social security
40,378
-

Other creditors
17,658
-

Accruals and deferred income
71,924
104,410

1,777,256
2,058,512



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
11,463
12,543



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,250,000 (2023 - 650,000) Ordinary shares of £1.00 each
1,250,000
650,000


During the year, 600,000 ordinary shares of £1 each were issued at par.

Page 15

 
KEA-FLEX MOULDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Guarantees and other financial commitments

At 31 March 2024, the Company was party to multilateral guarantee in respect of the indebtedness of the group comanies to the value of  £2,000,000 (2023: £2,000,000).

At 31 March 2024 the Company had other financial commitments of £nil (2023: £2,824).


10.


Pension commitments

The Company participates in a group defined benefit plan, the James Walker Pension Scheme ("JWPS").  For the purposes of FRS102 s28 the Company cannot identify its share of the underlying assets and liabilities of the defined benefit scheme in which it participates and the Company's pension contributions are assessed in accordance with the advice of a qualified independent actuary whose calculations are based upon total scheme membership.  There is no contractual agreement or stated policy for charging the cost of the plan to the individual companies. In overall terms at 31 March 2024 there was nil deficit in respect of the UK scheme. The JWPS was closed to future accrual with effect from 30 April 2016 and active members of the scheme at that date were auto-enrolled into the James Walker Group Personal Pension Plan, a defined contribution scheme. Further information is included in the financial statements of the parent undertaking.


11.


Controlling party

The ultimate parent undertaking is James Walker Group Limited. Its registered office is Lion House, Oriental Road, Woking, Surrey, GU22 8AP.
Group financial statements for James Walker Group Limited are available to the public from Companies House, Crown Way, Cardiff, for which there may be a fee, if applicable.

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