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Company Registration No. NI669158 (Northern Ireland)
KEEGO Investments Ltd Unaudited accounts for the year ended 30 April 2024
KEEGO Investments Ltd Unaudited accounts Contents
Page
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KEEGO Investments Ltd Company Information for the year ended 30 April 2024
Director
E Gourley
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
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KEEGO Investments Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
116,844 
16,390 
Investments
100 
100 
116,944 
16,490 
Current assets
Inventories
110,984 
138,168 
Debtors
109,442 
83,323 
Cash at bank and in hand
34,032 
8,464 
254,458 
229,955 
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)
Net assets
19,841 
15,616 
Capital and reserves
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
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KEEGO Investments Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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
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
Investments in shares are included at fair value.
Deferred taxation
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.
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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 
Depreciation
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 
Net book value
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.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
(21,806)
2,180 
Trade debtors
- 
9,043 
Other debtors
2,649 
- 
(19,157)
11,223 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
128,599 
72,100 
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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 
Other creditors
274 
- 
Loans from directors
2,457 
707 
Accruals
12,333 
9,233 
29,306 
32,715 
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 
- 
313,714 
195,000 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
E Gourley
707 
3,500 
1,500 
2,707 
707 
3,500 
1,500 
2,707 
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).
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