W Kee Roofing Ltd
Registered number: 09095796
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 581,117 559,295
Current assets
Stocks 16,240 12,843
Debtors 4 1,281,722 1,665,274
Cash at bank and in hand 2,131,041 1,780,880
3,429,003 3,458,997
Creditors: amounts falling due within one year 5 (582,755) (825,620)
Net current assets 2,846,248 2,633,377
Total assets less current liabilities 3,427,365 3,192,672
Creditors: amounts falling due after more than one year 6 (15,133) (42,444)
Net assets 3,412,232 3,150,228
Capital and reserves
Called up share capital 100 100
Profit and loss account 3,412,132 3,150,128
Shareholder's funds 3,412,232 3,150,228
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Westley Kee
Director
Approved by the board on 5 March 2025
W Kee Roofing Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings No depreciation provided
Plant and machinery 15% on written down value
Motor Vehicles 25% on written down value
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. No provision was found to be necessary for the period ended 30 June 2024.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 218,673 56,615 609,939 885,227
Additions - 43,132 136,697 179,829
Disposals - - (82,792) (82,792)
At 30 June 2024 218,673 99,747 663,844 982,264
Depreciation
At 1 July 2023 - 29,394 296,538 325,932
Charge for the year - 10,553 100,884 111,437
On disposals - - (36,222) (36,222)
At 30 June 2024 - 39,947 361,200 401,147
Net book value
At 30 June 2024 218,673 59,800 302,644 581,117
At 30 June 2023 218,673 27,221 313,401 559,295
4 Debtors 2024 2023
£ £
Trade debtors 289,744 -
Other debtors 991,978 1,665,274
1,281,722 1,665,274
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 18,461 26,047
Trade creditors 171,233 87,180
Corporation tax 481,663 767,261
Other taxes and social security costs (88,603) (54,867)
Other creditors 1 (1)
582,755 825,620
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 15,133 42,444
7 Other information
W Kee Roofing Ltd is a private company limited by shares and incorporated in England. Its registered office is:
190 Billet Road
London
E17 5DX
8 Ultimate controlling party
The controlling party is Kee Management Group Ltd by virtue of their ownership of 100% of the issued ordinary share capital of the company.
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