REGISTERED NUMBER: 11905001 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Keval Developments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Levers

A Pickering

REGISTERED OFFICE:

23 Selhurst Road

Chesterfield

Derbyshire

S41 7HR

REGISTERED NUMBER:

11905001 (England and Wales)

ACCOUNTANTS:

Allround Accountancy Services Limited

Penmore House

Hasland Road

Hasland

Chesterfield

Derbyshire

S41 0SJ

FIXED ASSETS

Tangible assets

4

31,729

41,054

CURRENT ASSETS

Debtors

5

55,319

60,368

Cash at bank and in hand

22,200

2

77,519

60,370

CREDITORS

Amounts falling due within one year

6

73,562

67,780

NET CURRENT ASSETS/(LIABILITIES)

3,957

(7,410

)

TOTAL ASSETS LESS CURRENT LIABILITIES

35,686

33,644

CREDITORS

Amounts falling due after more than one year

7

(14,939

)

(29,402

)

PROVISIONS FOR LIABILITIES

(7,932

)

-

NET ASSETS

12,815

4,242

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

12,813

4,240

12,815

4,242

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

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

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 8 December 2025 and were signed on its behalf by:

K Levers - Director

A Pickering - Director

1.	STATUTORY INFORMATION

Keval Developments Ltd 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.

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.

Plant and machinery etc

-

25% on reducing balance

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.

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 3 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

60,612

Additions

1,023

At 31 March 2025

61,635

DEPRECIATION

At 1 April 2024

19,558

Charge for year

10,348

At 31 March 2025

29,906

NET BOOK VALUE

At 31 March 2025

31,729

At 31 March 2024

41,054

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

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

33,845

DEPRECIATION

At 1 April 2024

11,403

Charge for year

5,610

At 31 March 2025

17,013

NET BOOK VALUE

At 31 March 2025

16,832

At 31 March 2024

22,442

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

26,360

24,683

Other debtors

28,959

35,685

55,319

60,368

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

15,064

30,028

Hire purchase contracts

6,145

6,420

Trade creditors

19,115

14,436

Taxation and social security

31,105

16,353

Other creditors

2,133

543

73,562

67,780

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

6,492

14,870

Hire purchase contracts

8,447

14,532

14,939

29,402

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The amount due to the directors at the balance sheet date was £2,133 (2024: £543).

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is its board of directors.