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REGISTERED NUMBER: 04158030 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

KAYECO LIMITED

KAYECO LIMITED (REGISTERED NUMBER: 04158030)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2025




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


KAYECO LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2025







DIRECTORS: K S Wade
Mrs A K Benson
R P Wade



SECRETARY: K S Wade



REGISTERED OFFICE: Number 1, Viking Park Claymore
Tame Valley Industrial Estate
Wilnecote
Tamworth
Staffordshire
B77 5DU



REGISTERED NUMBER: 04158030 (England and Wales)



ACCOUNTANTS: Wright & Co Partnership Limited
Chartered Accountants
The Squires
5 Walsall Street
Wednesbury
West Midlands
WS10 9BZ



BANKERS: HSBC
67 The Parade
Sutton Coldfield
West Midlands
B72 1PU

KAYECO LIMITED (REGISTERED NUMBER: 04158030)

ABRIDGED BALANCE SHEET
31 January 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,395,470 1,404,992

CURRENT ASSETS
Stocks 33,240 1,567
Debtors 624,004 516,432
Cash at bank and in hand 19,017 47,290
676,261 565,289
CREDITORS
Amounts falling due within one year 271,271 64,703
NET CURRENT ASSETS 404,990 500,586
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,800,460

1,905,578

CREDITORS
Amounts falling due after more than one year 5 (423,593 ) (448,607 )

PROVISIONS FOR LIABILITIES 6 (6,042 ) (6,968 )
NET ASSETS 1,370,825 1,450,003

CAPITAL AND RESERVES
Called up share capital 5,002 5,002
Revaluation reserve 7 605,065 605,065
Retained earnings 760,758 839,936
SHAREHOLDERS' FUNDS 1,370,825 1,450,003

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 5 June 2025 and were signed on its behalf by:



Mrs A K Benson - Director


KAYECO LIMITED (REGISTERED NUMBER: 04158030)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Kayeco 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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 10% on reducing balance
Computer equipment - 25% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 12 ) .

KAYECO LIMITED (REGISTERED NUMBER: 04158030)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2025

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 February 2024 1,523,471
Additions 2,626
At 31 January 2025 1,526,097
DEPRECIATION
At 1 February 2024 118,479
Charge for year 12,148
At 31 January 2025 130,627
NET BOOK VALUE
At 31 January 2025 1,395,470
At 31 January 2024 1,404,992

Cost or valuation at 31 January 2025 is represented by:

Totals
£   
Valuation in 2024 605,065
Cost 921,032
1,526,097

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025 2024
£    £   
Cost 694,935 694,935

Value of land in freehold land and buildings 694,935 694,935

freehold land and buildings were valued on an open market basis on 31 January 2024 by Portstone Properties Limited .

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Totals
£   
COST OR VALUATION
At 1 February 2024
and 31 January 2025 5,500
DEPRECIATION
At 1 February 2024 3,774
Charge for year 173
At 31 January 2025 3,947
NET BOOK VALUE
At 31 January 2025 1,553
At 31 January 2024 1,726

KAYECO LIMITED (REGISTERED NUMBER: 04158030)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2025

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2025 2024
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 297,930 320,425

6. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 6,042 6,968

Deferred
tax
£   
Balance at 1 February 2024 6,968
Provided during year (926 )
Balance at 31 January 2025 6,042

7. RESERVES
Revaluation
reserve
£   
At 1 February 2024
and 31 January 2025 605,065