Company registration number:
08900319
KES Facilities Limited
Unaudited filleted financial statements
28 February 2024
KES Facilities Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
KES Facilities Limited
Directors and other information
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Director |
Mr M B Hale |
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Company number |
08900319 |
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Registered office |
10 Cliff Parade |
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Wakefield |
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West Yorkshire |
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WF1 2TA |
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Accountants |
Streets Andrew Wright |
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10 Cliff Parade |
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Wakefield |
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WF1 2TA |
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KES Facilities Limited
Statement of financial position
28 February 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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5 |
68,538 |
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65,616 |
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_______ |
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_______ |
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68,538 |
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65,616 |
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Current assets |
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Stocks |
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23,700 |
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22,900 |
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Debtors |
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6 |
70,116 |
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95,710 |
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Cash at bank and in hand |
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365,403 |
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208,668 |
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_______ |
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_______ |
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459,219 |
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327,278 |
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Creditors: amounts falling due |
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within one year |
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7 |
(
155,075) |
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(
111,290) |
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_______ |
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_______ |
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Net current assets |
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304,144 |
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215,988 |
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_______ |
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Total assets less current liabilities |
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372,682 |
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281,604 |
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Creditors: amounts falling due |
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after more than one year |
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8 |
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(
15,000) |
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(
25,000) |
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_______ |
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_______ |
Net assets |
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357,682 |
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256,604 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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3 |
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3 |
Profit and loss account |
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357,679 |
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256,601 |
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_______ |
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_______ |
Shareholders funds |
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357,682 |
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256,604 |
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_______ |
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_______ |
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For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
12 November 2024
, and are signed on behalf of the board by:
Mr M B Hale
Director
Company registration number:
08900319
KES Facilities Limited
Notes to the financial statements
Year ended 28 February 2024
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 10 Cliff Parade, Wakefield, West Yorkshire, WF1 2TA.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Plant and machinery |
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15 % |
reducing balance |
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Motor vehicles |
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25 % |
reducing balance |
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Office equipment |
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33 % |
straight line |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
9
(2023:
8
).
5.
Tangible assets
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Plant and machinery |
Motor vehicles |
Office equipment |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 March 2023 |
7,130 |
138,091 |
8,914 |
154,135 |
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Additions |
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24,999 |
3,115 |
28,114 |
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Disposals |
- |
(
15,000) |
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(
15,000) |
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_______ |
_______ |
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_______ |
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At 28 February 2024 |
7,130 |
148,090 |
12,029 |
167,249 |
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_______ |
_______ |
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Depreciation |
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At 1 March 2023 |
4,603 |
75,338 |
8,578 |
88,519 |
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Charge for the year |
379 |
21,437 |
1,374 |
23,190 |
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Disposals |
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(
12,998) |
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(
12,998) |
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_______ |
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At 28 February 2024 |
4,982 |
83,777 |
9,952 |
98,711 |
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_______ |
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Carrying amount |
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At 28 February 2024 |
2,148 |
64,313 |
2,077 |
68,538 |
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_______ |
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At 28 February 2023 |
2,527 |
62,753 |
336 |
65,616 |
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_______ |
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_______ |
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6.
Debtors
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2024 |
2023 |
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£ |
£ |
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Trade debtors |
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57,179 |
83,207 |
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Other debtors |
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12,937 |
12,503 |
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_______ |
_______ |
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70,116 |
95,710 |
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_______ |
_______ |
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7.
Creditors: amounts falling due within one year
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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
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10,000 |
10,000 |
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Trade creditors |
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31,833 |
42,357 |
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Corporation tax |
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65,590 |
30,384 |
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Social security and other taxes |
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42,267 |
21,590 |
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Other creditors |
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5,385 |
6,959 |
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_______ |
_______ |
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155,075 |
111,290 |
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_______ |
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8.
Creditors: amounts falling due after more than one year
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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
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15,000 |
25,000 |
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_______ |
_______ |
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9.
Directors advances, credits and guarantees
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During the year the director entered into the following advances and credits with the company: |
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2024 |
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Balance brought forward |
Advances /(credits) to the director |
Balance o/standing |
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£ |
£ |
£ |
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Mr M B Hale |
(
312) |
(
531) |
(
843) |
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_______ |
_______ |
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2023 |
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Balance brought forward |
Advances /(credits) to the director |
Balance o/standing |
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£ |
£ |
£ |
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Mr M B Hale |
(
248) |
(
64) |
(
312) |
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_______ |
_______ |
_______ |
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10.
Controlling party
The director is the controlling party of the company.