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REGISTERED NUMBER: 01848004 (England and Wales)















KEEJAYS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 JUNE 2024






KEEJAYS LIMITED (REGISTERED NUMBER: 01848004)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


KEEJAYS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: J S Lee
J M Lee





SECRETARY: J S Lee





REGISTERED OFFICE: Crockatt Road
Lady Lane Industrial Estate
Hadleigh
Suffolk
IP7 6RD





REGISTERED NUMBER: 01848004 (England and Wales)

KEEJAYS LIMITED (REGISTERED NUMBER: 01848004)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,062,983 2,107,436

CURRENT ASSETS
Stocks 380,598 327,475
Debtors 5 2,400,386 1,968,082
Cash at bank and in hand 87,966 593
2,868,950 2,296,150
CREDITORS
Amounts falling due within one year 6 (1,473,792 ) (1,185,809 )
NET CURRENT ASSETS 1,395,158 1,110,341
TOTAL ASSETS LESS CURRENT LIABILITIES 3,458,141 3,217,777

CREDITORS
Amounts falling due after more than one year 7 (1,624,107 ) (1,459,278 )

PROVISIONS FOR LIABILITIES (146,506 ) (153,171 )
NET ASSETS 1,687,528 1,605,328

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Revaluation reserve 9 304,358 304,358
Retained earnings 1,333,170 1,250,970
SHAREHOLDERS' FUNDS 1,687,528 1,605,328

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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:




J S Lee - Director



J M Lee - Director


KEEJAYS LIMITED (REGISTERED NUMBER: 01848004)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Keejays 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.

For the purposes of presentation, the currency is the Pound Sterling (£) and the financial statements are rounded to the nearest Pound.

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.
Freehold property - 1% - 10% on cost
Plant and machinery - 33% on cost
Motor vehicles - 25% on reducing balance

Freehold land and buildings
Freehold land is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Freehold property is shown at 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Assets held under hire purchase agreements are initially measured at their transaction price and subsequently measured at amortised cost using the effective interest rate method.

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.

KEEJAYS LIMITED (REGISTERED NUMBER: 01848004)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 35 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property Land machinery vehicles Totals
£    £    £    £    £   
COST
At 1 July 2023 1,081,648 644,261 1,127,426 166,722 3,020,057
Additions - - 58,029 63,990 122,019
Disposals - - - (146,150 ) (146,150 )
At 30 June 2024 1,081,648 644,261 1,185,455 84,562 2,995,926
DEPRECIATION
At 1 July 2023 64,870 - 765,632 82,119 912,621
Charge for year 10,817 - 56,539 14,714 82,070
Eliminated on disposal - - - (61,748 ) (61,748 )
At 30 June 2024 75,687 - 822,171 35,085 932,943
NET BOOK VALUE
At 30 June 2024 1,005,961 644,261 363,284 49,477 2,062,983
At 30 June 2023 1,016,778 644,261 361,794 84,603 2,107,436

Land is represented by freehold land of £644,261 (2023 - £644,261) which is not depreciated. The revaluation that took place in 2017 has all been attributed to land.

Buildings remain at actual cost of £1,081,648 and are depreciated in accordance with the accounting policy.

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 530,749 440,122
Other debtors 34,135 17,500
Directors' current accounts 1,417,165 1,185,782
Prepayments 67,734 36,980
2,049,783 1,680,384

Amounts falling due after more than one year:
Other taxes 350,603 287,698

Aggregate amounts 2,400,386 1,968,082

KEEJAYS LIMITED (REGISTERED NUMBER: 01848004)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,000 177,351
Hire purchase contracts 23,375 29,079
Trade creditors 659,032 429,836
Corporation tax 76,533 35,343
Other taxes and social
security 183,473 112,137
Other creditors 39,895 62,087
Invoices financed 419,898 305,690
Accruals and deferred income 46,586 34,286
1,473,792 1,185,809

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 17,136 261,173
Bank loans - 2-5 years - 362,648
Bank loans 1,526,789 716,586
Hire purchase contracts 80,182 118,871
1,624,107 1,459,278

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 1,526,789 716,586

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft - 7,884
Bank loans 1,568,925 1,509,874
1,568,925 1,517,758

The company has banking facilities with Natwest Group plc and HSBC.

A fixed and floating charge dated 24 August 2023 is in place over the freehold property in favour of Allica Bank Ltd.

The company has an invoice discounting facility in place through Mitsubishi HC Capital trading as Novuna Business Cash Flow. Any liabilities are secured by fixed and floating charges over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures and fixed plant and machinery.

9. RESERVES

RevaluationDeferredRevaluation
adjustmentstaxreserve
£ £ £

At 1 July 2023 & 30 June 2024359,261(54,903)304,358