Keshco Limited - Filleted accounts

Registered number

02467176

Keshco Limited

Filleted Accounts

31 March 2025

Keshco Limited
Registered number:		02467176
Balance Sheet
as at 31 March 2025


Notes			2025			2024

£				£

Fixed assets
Tangible assets	3		1,467,175			1,533,382

Current assets
Stocks		332,563			276,043
Debtors	4	740,031			1,230,357
Cash at bank and in hand		2,151,299			1,504,115
		3,223,893			3,010,515

Creditors: amounts falling due within one year	5	(885,517)			(1,349,537)

Net current assets			2,338,376			1,660,978

Total assets less current liabilities			3,805,551			3,194,360


Provisions for liabilities			(139,721)			(152,075)


Net assets			3,665,830			3,042,285

Capital and reserves
Called up share capital			300,100			300,100
Share premium			49,373			49,373
Revaluation reserve	6		342,604			342,604
Profit and loss account			2,973,753			2,350,208

Shareholders' funds			3,665,830			3,042,285

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.


J Keshwara
Director
Approved by the board on 26 November 2025

Keshco 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). The prior year accounts were prepared in accordance with FRS102 for medium entities, however, no comparatives have required any adjustment or restatement due to the adoption of section 1A.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	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 5 years
	Investment property			initially at cost, then at fair value with changes recognised in profit and loss account.

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					71		74


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	1,714,993		1,574,938		118,182		3,408,113
	Additions	-		104,797		-		104,797
	Surplus on revaluation	(25,000)		-		-		(25,000)
	Disposals	-		(114,371)		(271)		(114,642)
	At 31 March 2025	1,689,993		1,565,364		117,911		3,373,268

	Depreciation
	At 1 April 2024	333,292		1,453,756		87,683		1,874,731
	Charge for the year	16,300		88,572		30,228		135,100
	On disposals	-		(103,738)		-		(103,738)
	At 31 March 2025	349,592		1,438,590		117,911		1,906,093

	Net book value
	At 31 March 2025	1,340,401		126,774		-		1,467,175
	At 31 March 2024	1,381,701		121,182		30,499		1,533,382


	Freehold land and buildings:					2025		2024
£							£
	Historical cost					1,246,046		1,246,046
	Cumulative depreciation based on historical cost					349,592		333,292
						896,454		912,754
	Revaluation of investment property during the year by professional valuer as part of legal claim over tenancy agreement.


4	Debtors					2025		2024
£							£

	Trade debtors					10,180		87,466
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					437		437
	Other debtors					604,497		1,142,454
	Prepayments and accrued income					124,917		-
						740,031		1,230,357


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					978		-
	Trade creditors					476,928		355,954
	Taxation and social security costs					257,492		196,594
	Directors' loan accounts					18,446		655,648
	Other creditors					131,673		141,341
						885,517		1,349,537


6	Revaluation reserve					2025		2024
£							£

	At 1 April 2024					342,604		342,604

	At 31 March 2025					342,604		342,604


7	Controlling party

	90% of the company is owned by Keshco Holdings Limited, a company incorporated in England and Wales.


8	Other information

	Keshco Limited is a private company limited by shares and incorporated in England. Its registered office is:
	4 Broad Street
	Whittlesey
	Peterborough
	PE7 1HA