Company Registration No. NI669158 (Northern Ireland)
KEEGO Investments Ltd
Unaudited accounts
for the year ended 30 April 2024
KEEGO Investments Ltd
Unaudited accounts
Contents
KEEGO Investments Ltd
Company Information
for the year ended 30 April 2024
Company Number
NI669158 (Northern Ireland)
Registered Office
c/o SJK Chartered Accountants
8 Bridge Road
Moira
Co. Armagh
BT67 0PF
Accountants
SJK
8 Bridge Road
Moira
Co. Armagh
BT67 0PF
KEEGO Investments Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
116,844
16,390
Inventories
110,984
138,168
Cash at bank and in hand
34,032
8,464
Creditors: amounts falling due within one year
(29,306)
(32,715)
Net current assets
225,152
197,240
Total assets less current liabilities
342,096
213,730
Creditors: amounts falling due after more than one year
(313,714)
(195,000)
Provisions for liabilities
Deferred tax
(8,541)
(3,114)
Called up share capital
1
1
Profit and loss account
19,840
15,615
Shareholders' funds
19,841
15,616
For the year ending 30 April 2024 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 director acknowledges her 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 and authorised for issue on 7 January 2025 and were signed on its behalf by
E Gourley
Director
Company Registration No. NI669158
KEEGO Investments Ltd
Notes to the Accounts
for the year ended 30 April 2024
KEEGO Investments Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI669158. The registered office is c/o SJK Chartered Accountants, 8 Bridge Road, Moira, Co. Armagh, BT67 0PF.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Fixtures & fittings
18% Reducing balance basis
Computer equipment
18% Reducing balance basis
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.
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.
Investments in shares are included at fair value.
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.
KEEGO Investments Ltd
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
-
5,893
14,204
20,097
Additions
95,460
13,083
61
108,604
At 30 April 2024
95,460
18,976
14,265
128,701
At 1 May 2023
-
1,797
1,910
3,707
Charge for the year
4,296
2,428
1,426
8,150
At 30 April 2024
4,296
4,225
3,336
11,857
At 30 April 2024
91,164
14,751
10,929
116,844
At 30 April 2023
-
4,096
12,294
16,390
5
Investments
Subsidiary undertakings
Valuation at 1 May 2023
100
Valuation at 30 April 2024
100
The company owns 100% of the ordinary share capital of its immediate subsidiary undertaking, GEEMSEE Developments Ltd a company incorporated in the UK.
In the opinion of the directors, the value in its investments of subsidiaries is not less than the amount in which it is shown in the balance sheet.
Amounts falling due within one year
Amounts falling due after more than one year
Amounts due from group undertakings etc.
128,599
72,100
KEEGO Investments Ltd
Notes to the Accounts
for the year ended 30 April 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,466
-
Trade creditors
5,918
19,784
Taxes and social security
858
2,991
Loans from directors
2,457
707
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
235,000
195,000
Obligations under finance leases and hire purchase contracts
78,714
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
The company owed £2,707 (2023: £707) to the directors at year end. The loan is repayable on demand and non-interest bearing.
10
Average number of employees
During the year the average number of employees was 4 (2023: 3).