Company Registration No. 10367521 (England and Wales)
KEE Projects Ltd
Unaudited accounts
for the year ended 31 October 2024
KEE Projects Ltd
Unaudited accounts
Contents
KEE Projects Ltd
Company Information
for the year ended 31 October 2024
Company Number
10367521 (England and Wales)
Registered Office
Kingsbury House
468 Church Lane
London
NW9 8UA
Accountants
Karia & Karia
Kingsbury House
468 Church Lane
London
NW9 8UA
KEE Projects Ltd
Accountants' report
Accountants' report to the director of KEE Projects Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 October 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 October 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Karia & Karia
Kingsbury House
468 Church Lane
London
NW9 8UA
28 October 2025
KEE Projects Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
26,885
35,130
Cash at bank and in hand
711,506
1,218,792
Creditors: amounts falling due within one year
(259,558)
(585,406)
Net current assets
1,320,926
1,426,596
Total assets less current liabilities
1,347,811
1,461,726
Creditors: amounts falling due after more than one year
-
(16,926)
Net assets
1,347,811
1,444,800
Called up share capital
2
2
Profit and loss account
1,347,809
1,444,798
Shareholders' funds
1,347,811
1,444,800
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 October 2025 and were signed on its behalf by
Joseph Loftus
Director
Company Registration No. 10367521
KEE Projects Ltd
Notes to the Accounts
for the year ended 31 October 2024
KEE Projects Ltd is a private company, limited by shares, registered in England and Wales, registration number 10367521. The registered office is Kingsbury House, 468 Church Lane, London, NW9 8UA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
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 on other comprehensive income or directly in income.
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.
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
KEE Projects Ltd
Notes to the Accounts
for the year ended 31 October 2024
Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2023
12,860
69,173
20,071
102,104
At 31 October 2024
12,860
69,173
20,785
102,818
At 1 November 2023
11,142
46,799
9,033
66,974
Charge for the year
429
5,593
2,937
8,959
At 31 October 2024
11,571
52,392
11,970
75,933
At 31 October 2024
1,289
16,781
8,815
26,885
At 31 October 2023
1,718
22,374
11,038
35,130
Amounts falling due within one year
Trade debtors
257,563
517,260
Accrued income and prepayments
273,929
4,155
Other debtors
55,022
9,865
Amounts falling due after more than one year
Other debtors
282,464
260,930
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
10,000
Trade creditors
215,472
135,081
Taxes and social security
15,494
421,532
Other creditors
3,847
13,541
KEE Projects Ltd
Notes to the Accounts
for the year ended 31 October 2024
7
Creditors: amounts falling due after more than one year
2024
2023
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
9
Average number of employees
During the year the average number of employees was 5 (2023: 4).