Keith Overy Commercials Ltd 05230691 Vehicle sales false 1 March 2023 05230691 2023-03-01 2024-02-28 05230691 2023-02-28 05230691 2024-02-28 05230691 2022-03-01 2023-02-28 05230691 2022-02-28 05230691 2023-02-28 05230691 frs102-bus:FRS102 2023-03-01 2024-02-28 05230691 frs102-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 05230691 frs102-bus:FullAccounts 2023-03-01 2024-02-28 05230691 frs102-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 05230691 frs102-core:CurrentFinancialInstruments 2024-02-28 05230691 frs102-core:CurrentFinancialInstruments 2023-02-28 05230691 frs102-core:ShareCapital 2024-02-28 05230691 frs102-core:ShareCapital 2023-02-28 05230691 frs102-core:RetainedEarningsAccumulatedLosses 2024-02-28 05230691 frs102-core:RetainedEarningsAccumulatedLosses 2023-02-28 05230691 frs102-bus:Director1 2023-03-01 2024-02-28 05230691 frs102-core:VehiclesPlantMachinery 2023-03-01 2024-02-28 05230691 frs102-core:VehiclesPlantMachinery 2023-02-28 05230691 frs102-core:VehiclesPlantMachinery 2024-02-28 05230691 frs102-core:VehiclesPlantMachinery 2023-02-28 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
05230691
Keith Overy Commercials Ltd
Unaudited Accounts
for the period
1 March 2023 to 28 February 2024
Keith Overy Commercials Ltd
Balance Sheet
as at 28 February 2024
Notes
2024
£
2023
£
Fixed assets
Tangible assets 5 83,953 81,941
83,953 81,941
Current assets
Stocks 5,120 5,120
Cash at bank and in hand 24,187 52,261
29,307 57,381
Creditors: amounts falling due within one year 6 (10,987) (36,850)
Net current assets / (liabilities) 18,320 20,531
Total assets less current liabilities 102,273 102,472
Provisions for liabilities (0) (0)
Total net assets (liabilities) 102,273 102,472
Capital and reserves
Called up share capital 100 100
Profit and loss account 102,173 102,372
Shareholders' funds 102,273 102,472

Keith Overy Commercials Ltd
Balance Sheet
as at 28 February 2024



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the period ending 28 February 2024 the company was entitled to exemption 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.

Signed on behalf of the board of directors

...............................

K Overy

Director


Approved by the board on 28 November 2024

Company Number: 05230691 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

Decoy View
Sedge Fen
Brandon
Suffolk
IP27 9LH

Keith Overy Commercials Ltd
Notes to the Accounts
for the period 1 March 2023 to 28 February 2024

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Vehicles, plant & machinery 20% Reducing Balance
2. Profit or loss

Profit before tax is stated after charging the following:

2024

2023
£ £

3. Taxation
2024 2023
£ £
UK Corporation Tax 5,111 4,610
Tax on profit/(loss) on ordinary activities 5,111 4,610

4. Employees
2024 2023
Average number of employees during the period 2 2

5. Tangible fixed assets
Vehicles, plant & machinery Total
Cost or valuation £ £
At 1 March 2023 139,029 139,029
Additions 23,000 23,000
At 28 February 2024 162,029 162,029
Depreciation
At 1 March 2023 57,088 57,088
Charge for the period 20,988 20,988
At 28 February 2024 78,076 78,076
Net book value
At 28 February 2024 83,953 83,953
At 28 February 2023 81,941 81,941

6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 303 3,509
Taxation & social security 9,867 6,385
Other creditors 817 26,956
10,987 36,850

7. Dividends
2024 2023
£ £
Total dividend payment 24,000 12,000