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Company registration number: 12391021

Keedwell Konnect Limited
Filleted Annual Report and Financial Statements
for the Year Ended 31 October 2025

Keedwell Konnect Limited

Contents

Balance Sheet | 1
Notes to the Financial Statements | 2 to 7

Keedwell Konnect Limited

(Registration number: 12391021)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 88,263 | 98,602
Current assets |  |  |
Debtors | 5 | 1,653,241 | 1,313,657
Cash at bank and in hand |  | 2,929,058 | 2,304,863
|  | 4,582,299 | 3,618,520
Creditors: Amounts falling due within one year | 6 | (1,130,820) | (979,088)
Net current assets |  | 3,451,479 | 2,639,432
Net assets |  | 3,539,742 | 2,738,034
Capital and reserves |  |  |
Called up share capital |  | 111 | 111
Profit and loss account |  | 3,539,631 | 2,737,923
Total equity |  | 3,539,742 | 2,738,034

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The option not to file the profit and loss account and directors’ report has been taken.

Approved and authorised by the Board on 22 July 2026 and signed on its behalf by:

S R Keedwell Director |  |

Keedwell Konnect Limited

Notes to the Financial Statements
for the Year Ended 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-8 Commerce Way
Highbridge
Somerset
TA9 4AG

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Sterling (£).

Keedwell Konnect Limited

Notes to the Financial Statements
for the Year Ended 31 October 2025

Key sources of estimation uncertainty

Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these significant judgements and estimates have been made include:
1. The going concern basis of preparation
The directors consider it appropriate to prepare the financial statements on a going concern basis. In forming this conclusion, the directors have assessed the company’s future trading and cash requirements. However, as the company is a member of the S R Keedwell Holdings Limited group (together the “group”) the directors have also assessed the viability of both the company and the group in forming their conclusion.
At the year end the company had net current assets of £3,451,479 (2024 - £2,639,432) and net assets of £3,539,742 (2024 - £2,738,034). However, the company trades with other group companies and at the year end was owed £51,814 (2024 - £139,116) and owed £34,356 (2024 - £189,563) to fellow group companies. The company is also part of a group guarantee (see note 9 for further information). It has been confirmed, by group confirmation, for at least 12 months from the approval of these financial statements, that the group companies will not seek settlement of outstanding balances if it is considered detrimental to the ability of that company to continue trading. It has also been confirmed that the group will provide its members with any required support for at least 12 months from the approval date of these financial statements. The group, per its consolidated financial statements has consolidated net current assets of £16,673,805 (2024 - £14,811,292) and net assets of £30,559,179 (2024 - £28,295,146) as at 31 October 2025.
The directors have concluded that the trading forecast combined with the funding arrangements will enable the company and group to meet their liabilities as they fall due for at least 12 months from the date of approving the financial statements.

Turnover recognition

Turnover represents the receipts or amounts receivable from haulage services provided net of value
added tax.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Keedwell Konnect Limited

Notes to the Financial Statements
for the Year Ended 31 October 2025

Deferred income tax is recognised on timing differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Deferred tax liabilities are presented within provisions for liabilities.

Tangible assets

Tangible assets are stated at cost, less accumulated depreciation and accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation of tangible assets

Depreciation is charged so as to write off the cost of assets, as follows:

Asset class | Depreciation method and rate
Furniture, fittings and equipment | 15%-25% reducing balance
Freehold property | 10 year straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Other debtors and loans receivable are initially recognised at fair value net of transaction costs and are subsequently measured at amortised cost using the effective interest method less any provision for impairment.

Keedwell Konnect Limited

Notes to the Financial Statements
for the Year Ended 31 October 2025

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Short term trade creditors are measured at the transaction price, which is deemed to equate to amortised cost. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Reserves

Called up share capital represents the nominal value of shares that have been issued.
Profit and loss account includes all current and prior period profits and losses.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year was 13 (2024 - 12).

Keedwell Konnect Limited

Notes to the Financial Statements
for the Year Ended 31 October 2025

4 | Tangible assets

| Leasehold improvements £ | Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 November 2024 | 101,500 | 15,083 | 116,583
Additions | - | 1,426 | 1,426
At 31 October 2025 | 101,500 | 16,509 | 118,009
Depreciation
At 1 November 2024 | 10,150 | 7,831 | 17,981
Charge for the year | 10,150 | 1,615 | 11,765
At 31 October 2025 | 20,300 | 9,446 | 29,746
Carrying amount
At 31 October 2025 | 81,200 | 7,063 | 88,263
At 31 October 2024 | 91,350 | 7,252 | 98,602

5 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | 1,187,422 | 901,137
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 7 | 51,814 | 139,116
Prepayments |  | 201,633 | 72,070
Other debtors |  | 212,372 | 201,334
|  | 1,653,241 | 1,313,657

Keedwell Konnect Limited

Notes to the Financial Statements
for the Year Ended 31 October 2025

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings |  | 667 | -
Trade creditors |  | 908,278 | 643,457
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 7 | 34,356 | 189,563
Taxation and social security |  | 8,692 | 15,063
Other creditors |  | 178,827 | 131,005
|  | 1,130,820 | 979,088

7 | Related party transactions

Summary of transactions with other related parties

The company has not entered in to any material transactions with related parties that have not been concluded under normal market conditions.

8 | Parent and ultimate parent undertaking

The company's immediate parent is R. T. Keedwell Holdings Limited, incorporated in England.
The most senior parent entity producing publicly available financial statements in which the company is fully consolidated is S. R. Keedwell Holdings Limited. These financial statements are available upon request from Companies House, Crown Way, Cardiff, CF14 3UZ.

9 | Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 23 July 2026 was Christopher Walford FCA, who signed for and on behalf of Albert Goodman LLP.