KEEN & SONS LIMITED

Company Registration Number:
11347039 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

KEEN & SONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

KEEN & SONS LIMITED

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 5,716,747 4,431,587
Cost of sales: ( 2,638,493 ) ( 2,215,879 )
Gross profit(or loss): 3,078,254 2,215,708
Distribution costs: ( 341,829 ) ( 298,654 )
Administrative expenses: ( 506,281 ) ( 458,487 )
Operating profit(or loss): 2,230,144 1,458,567
Profit(or loss) before tax: 2,230,144 1,458,567
Tax: ( 428,330 ) ( 277,127 )
Profit(or loss) for the financial year: 1,801,814 1,181,440

KEEN & SONS LIMITED

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 2,262,537 1,652,548
Total fixed assets: 2,262,537 1,652,548
Current assets
Stocks: 4 1,093,817 644,898
Debtors: 5 1,621,738 897,115
Cash at bank and in hand: 540,116 359,481
Total current assets: 3,255,671 1,901,494
Creditors: amounts falling due within one year: 6 ( 612,933 ) ( 456,581 )
Net current assets (liabilities): 2,642,738 1,444,913
Total assets less current liabilities: 4,905,275 3,097,461
Total net assets (liabilities): 4,905,275 3,097,461
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 4,905,274 3,097,460
Total Shareholders' funds: 4,905,275 3,097,461

The notes form part of these financial statements

KEEN & SONS LIMITED

Balance sheet statements

For the year ending 31 May 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.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 5 October 2024
and signed on behalf of the board by:

Name: Grant Keen
Status: Director

The notes form part of these financial statements

KEEN & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

KEEN & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 25 23

KEEN & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 1,120,289 210,778 185,651 171,371 299,257 1,987,346
Additions 628,130 42,192 27,192 39,173 167,012 903,699
Disposals
Revaluations
Transfers
At 31 May 2024 1,748,419 252,970 212,843 210,544 466,269 2,891,045
Depreciation
At 1 June 2023 75,865 76,388 71,289 111,256 334,798
Charge for year 42,045 72,103 36,924 142,638 293,710
On disposals
Other adjustments
At 31 May 2024 117,910 148,491 108,213 253,894 628,508
Net book value
At 31 May 2024 1,748,419 135,060 64,352 102,331 212,375 2,262,537
At 31 May 2023 1,120,289 134,913 109,263 100,082 188,001 1,652,548

KEEN & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Stocks

2024 2023
£ £
Stocks 1,093,817 644,898
Total 1,093,817 644,898

KEEN & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Debtors

2024 2023
£ £
Trade debtors 1,621,738 897,115
Total 1,621,738 897,115

KEEN & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 184,603 179,454
Taxation and social security 428,330 277,127
Total 612,933 456,581