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REGISTERED NUMBER: 13441337 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

KEEN NEWPORT GROUP LTD.

KEEN NEWPORT GROUP LTD. (REGISTERED NUMBER: 13441337)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEEN NEWPORT GROUP LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: P J M Coates
Mrs P Hussain





SECRETARY:





REGISTERED OFFICE: Unit 31 Kingfisher Court
Newbury
RG14 5SJ





REGISTERED NUMBER: 13441337 (England and Wales)





ACCOUNTANTS: F A Magee & Co
Chartered Accountants
Wimborne House
4-6 Pump Lane
Hayes
Middlesex
UB3 3NB

KEEN NEWPORT GROUP LTD. (REGISTERED NUMBER: 13441337)

BALANCE SHEET
30TH SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 388,004 420,336
Tangible assets 5 295,100 318,400
683,104 738,736

CURRENT ASSETS
Stocks 877,529 502,053
Debtors 6 204,451 639,558
Cash at bank 492,406 343,818
1,574,386 1,485,429
CREDITORS
Amounts falling due within one year 7 348,429 213,538
NET CURRENT ASSETS 1,225,957 1,271,891
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,909,061

2,010,627

CREDITORS
Amounts falling due after more than one
year

8

1,742,626

1,864,345
NET ASSETS 166,435 146,282

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 166,335 146,182
166,435 146,282

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

KEEN NEWPORT GROUP LTD. (REGISTERED NUMBER: 13441337)

BALANCE SHEET - continued
30TH SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th January 2025 and were signed on its behalf by:





Mrs P Hussain - Director


KEEN NEWPORT GROUP LTD. (REGISTERED NUMBER: 13441337)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

Keen Newport Group Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Brands, IP and Trademarks are being amortised evenly over their estimated useful life of fifteen years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

KEEN NEWPORT GROUP LTD. (REGISTERED NUMBER: 13441337)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st October 2023
and 30th September 2024 85,000 400,000 485,000
AMORTISATION
At 1st October 2023 11,332 53,332 64,664
Charge for year 5,666 26,666 32,332
At 30th September 2024 16,998 79,998 96,996
NET BOOK VALUE
At 30th September 2024 68,002 320,002 388,004
At 30th September 2023 73,668 346,668 420,336

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st October 2023
and 30th September 2024 165,000 200,000 365,000
DEPRECIATION
At 1st October 2023 6,600 40,000 46,600
Charge for year 3,300 20,000 23,300
At 30th September 2024 9,900 60,000 69,900
NET BOOK VALUE
At 30th September 2024 155,100 140,000 295,100
At 30th September 2023 158,400 160,000 318,400

KEEN NEWPORT GROUP LTD. (REGISTERED NUMBER: 13441337)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 145,764 604,992
Other debtors 58,687 34,566
204,451 639,558

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 12,132 49,625
Taxation and social security 48,589 18,045
Other creditors 287,708 145,868
348,429 213,538

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Other creditors 1,742,626 1,864,345

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 1,200,660 1,361,411