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REGISTERED NUMBER: 04148002 (England and Wales)




































FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

KE FIBERTEC UK LIMITED

KE FIBERTEC UK LIMITED (REGISTERED NUMBER: 04148002)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KE FIBERTEC UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: G Dykes
M C J Bailey
C Jespersen



SECRETARY: G Dykes



REGISTERED OFFICE: Unit 5 Fareham Innovation Centre
Meteor Way
Lee-On-The-Solent
Hampshire
PO13 9FU



REGISTERED NUMBER: 04148002 (England and Wales)



SENIOR STATUTORY AUDITOR: Kerry Lawrance FCA



AUDITORS: Compass Accountants Limited
Chartered Accountants and Statutory Auditors
Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR

KE FIBERTEC UK LIMITED (REGISTERED NUMBER: 04148002)

BALANCE SHEET
31ST DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,526 26,317

CURRENT ASSETS
Debtors 5 317,833 384,665
Cash at bank 293,445 147,914
611,278 532,579
CREDITORS
Amounts falling due within one year 6 281,698 181,011
NET CURRENT ASSETS 329,580 351,568
TOTAL ASSETS LESS CURRENT
LIABILITIES

353,106

377,885

PROVISIONS FOR LIABILITIES 2,882 1,069
NET ASSETS 350,224 376,816

CAPITAL AND RESERVES
Called up share capital 8 20,000 20,000
Retained earnings 330,224 356,816
SHAREHOLDERS' FUNDS 350,224 376,816

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th April 2025 and were signed on its behalf by:





G Dykes - Director


KE FIBERTEC UK LIMITED (REGISTERED NUMBER: 04148002)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024


1. STATUTORY INFORMATION

KE Fibertec UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on dispatch of goods.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit and loss.

Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

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.

KE FIBERTEC UK LIMITED (REGISTERED NUMBER: 04148002)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Basic financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

The company's financial assets and liabilities consist of cash and cash equivalents, short term investments, trade and other debtors, trade and other creditor, and accrued expenses. The fair value of these items approximates their carrying value due to their short term value. Unless otherwise noted, the company is not exposed to significant interest, foreign exchange or credit risks arising from these instruments.

Parent company
The company is a wholly owned subsidiary undertaking of K E Fibertec A/S, a company incorporated in Denmark. The accounts of K E Fibertec A/S are those of the smallest group of which the company is a member and for which group accounts are prepared. K E Fibertec A/S is in turn a subsidiary undertaking of Jysk-Fynsk Kapitalanlaeg A/S, a company incorporated in Denmark. The accounts of Jysk-Fynsk Kapitalanlaeg A/S are those of the largest group of which the company is a member and for which group accounts are prepared.

Copies of the accounts of K E Fibertec A/S and Jysk-Fynsk Kapitalanlaeg A/S can be obtained from K E Fibertec A/S, Industrivej Vest 21, DK-6600, Vejon, Denmark.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st January 2024
and 31st December 2024 27,904
DEPRECIATION
At 1st January 2024 1,587
Charge for year 2,791
At 31st December 2024 4,378
NET BOOK VALUE
At 31st December 2024 23,526
At 31st December 2023 26,317

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 295,399 349,342
Other debtors 22,434 35,323
317,833 384,665

KE FIBERTEC UK LIMITED (REGISTERED NUMBER: 04148002)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 29,654 25,800
Amounts owed to group undertakings 150,000 100,000
Taxation and social security 84,844 48,811
Other creditors 17,200 6,400
281,698 181,011

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 23,990 22,848

Total future minimum lease payments under non-cancellable leases are due as follows:

£   
Office rental 23,990


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
20,000 Ordinary £1 20,000 20,000

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kerry Lawrance FCA (Senior Statutory Auditor)
for and on behalf of Compass Accountants Limited