Registered number
03107125
E P Keogh Contractors Limited
Filleted Accounts
31 March 2025
E P Keogh Contractors Limited
Registered number: 03107125
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 1,013 1,353
Current assets
Stocks 938,603 938,603
Debtors 4 3,480,399 2,521,673
Cash at bank and in hand 2,360,970 3,471,237
6,779,972 6,931,513
Creditors: amounts falling due within one year 5 (2,391,805) (2,662,661)
Net current assets 4,388,167 4,268,852
Net assets 4,389,180 4,270,205
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 4,388,180 4,269,205
Shareholders' funds 4,389,180 4,270,205
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
E Keogh
Director
Approved by the board on 22 May 2025
E P Keogh Contractors Limited
Notes to the Accounts
for the year ended 31 March 2025
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).
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 15 years
Fixtures, fittings, tools and equipment over 15 years
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 2,390 5,833 8,223
Disposals (700) - (700)
At 31 March 2025 1,690 5,833 7,523
Depreciation
At 1 April 2024 2,305 4,565 6,870
Charge for the year 11 317 328
On disposals (688) - (688)
At 31 March 2025 1,628 4,882 6,510
Net book value
At 31 March 2025 62 951 1,013
At 31 March 2024 85 1,268 1,353
4 Debtors 2025 2024
£ £
Trade debtors 71,836 71,836
Other debtors 3,408,563 2,449,837
3,480,399 2,521,673
5 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 45,794 325,471
Other creditors 2,346,011 2,337,190
2,391,805 2,662,661
6 Other information
E P Keogh Contractors Limited is a private company limited by shares and incorporated in England. Its registered office is:
Bank House
2-4 Wood Street
Swindon
Wiltshire
SN1 4AB
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