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REGISTERED NUMBER: 10677916 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

KEEVY 2 LIMITED

KEEVY 2 LIMITED (REGISTERED NUMBER: 10677916)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEEVY 2 LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: S R Black
D McGowan





REGISTERED OFFICE: Unit 3, Century Park
Pacific Road
Broadheath
Altrincham
WA14 5BJ





REGISTERED NUMBER: 10677916 (England and Wales)





ACCOUNTANTS: Connaughton & Co
2nd Floor, Boulton House
17-21 Chorlton Street
Manchester
M1 3HY

KEEVY 2 LIMITED (REGISTERED NUMBER: 10677916)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 100,311 137,366

CURRENT ASSETS
Stocks 158,687 203,411
Debtors 5 555,954 381,706
Cash at bank and in hand 135,465 225,735
850,106 810,852
CREDITORS
Amounts falling due within one year 6 818,686 764,242
NET CURRENT ASSETS 31,420 46,610
TOTAL ASSETS LESS CURRENT
LIABILITIES

131,731

183,976

CREDITORS
Amounts falling due after more than one
year

7

(120,833

)

(170,833

)

PROVISIONS FOR LIABILITIES 8 (9,099 ) (10,402 )
NET ASSETS 1,799 2,741

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 1,699 2,641
SHAREHOLDERS' FUNDS 1,799 2,741

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

KEEVY 2 LIMITED (REGISTERED NUMBER: 10677916)

BALANCE SHEET - continued
31 March 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 25 March 2025 and were signed on its behalf by:





S R Black - Director


KEEVY 2 LIMITED (REGISTERED NUMBER: 10677916)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Keevy 2 Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - in accordance with the property
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost and 20% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

KEEVY 2 LIMITED (REGISTERED NUMBER: 10677916)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 218,392 27,226 90,990 18,249 354,857
DEPRECIATION
At 1 April 2023 135,771 27,226 36,396 18,098 217,491
Charge for year 18,706 - 18,198 151 37,055
At 31 March 2024 154,477 27,226 54,594 18,249 254,546
NET BOOK VALUE
At 31 March 2024 63,915 - 36,396 - 100,311
At 31 March 2023 82,621 - 54,594 151 137,366

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 546,861 379,225
Prepayments and accrued income 9,093 2,481
555,954 381,706

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 254,928 46,292
Tax 23,141 16,437
Social security and other taxes 3,759 3,684
VAT 25,273 18,814
Other creditors 386,826 606,444
Accruals and deferred income 124,759 72,571
818,686 764,242

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Accruals and deferred income 120,833 170,833

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 9,099 10,402

KEEVY 2 LIMITED (REGISTERED NUMBER: 10677916)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 10,402
Accelerated capital allowances (1,303 )
Balance at 31 March 2024 9,099

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2023 2,641
Deficit for the year (942 )
At 31 March 2024 1,699

11. OTHER FINANCIAL COMMITMENTS

The company had total commitments under non cancellable operating leases amounting to £90,000 (2023: £132,500).

12. RELATED PARTY DISCLOSURES

As at 31 March 2024, included in other debtors are balances due from other group companies amounting to £346,006 (2023: £306,413).

As at 31 March 2024, included in other creditors are balances owed to other group companies amounting to £Nil (2023: £11,001).

As at 31 March 2024, included in other creditors are balances owed to the parent company amounting to £352,662 (2023: £562,662).