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Company registration number:
11780107
Keen & Simpson Builders Limited
Unaudited Filleted Financial Statements for the year ended
31 January 2026
Keen & Simpson Builders Limited
Statement of Financial Position
31 January 2026
20262025
Note££
Fixed assets    
Tangible assets 5
49,141
 
59,757
 
Current assets    
Debtors 6
67,990
 
102,502
 
Cash at bank and in hand
39,113
 
35,273
 
107,103
 
137,775
 
Creditors: amounts falling due within one year 7
(115,235
 )
(150,164
 )
Net current liabilities
(8,132
 )
(12,389
 )
Total assets less current liabilities 41,009   47,368  
Creditors: amounts falling due after more than one year 8
(28,572
 )
(31,820
 )
Provisions for liabilities
(12,286
 )
(14,939
 )
Net assets
151
 
609
 
Capital and reserves    
Called up share capital
2
 
2
 
Profit and loss account
149
 
607
 
Shareholders funds
151
 
609
 
For the year ending
31 January 2026
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
16 October 2026
, and are signed on behalf of the board by:
Mr J Keen
Mr J Simpson
DirectorDirector
Company registration number:
11780107
Keen & Simpson Builders Limited
Notes to the Financial Statements
Year ended
31 January 2026

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Suite Ff10 Brooklands House
,
58 Marlborough Road
,
Lancing
,
West Sussex
,
BN15 8AF
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment
25% straight line
Motor vehicles
15% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

4 Average number of employees

The average number of persons employed by the company during the year was
3
(2025:
3.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 February 2025
85,700
 
Additions
716
 
At
31 January 2026
86,416
 
Depreciation  
At
1 February 2025
25,943
 
Charge
11,332
 
At
31 January 2026
37,275
 
Carrying amount  
At
31 January 2026
49,141
 
At 31 January 2025
59,757
 

6 Debtors

20262025
££
Trade debtors -  
4,512
 
Other debtors
67,990
 
97,990
 
67,990
 
102,502
 

7 Creditors: amounts falling due within one year

20262025
££
Trade creditors
2,925
 
7,505
 
Taxation and social security
37,685
 
37,867
 
Other creditors
74,625
 
104,792
 
115,235
 
150,164
 

8 Creditors: amounts falling due after more than one year

20262025
££
Other creditors
28,572
 
31,820
 

9 Directors' advances, credit and guarantees

Included in other creditors is £70,564 (2025 - £93,231) owed to the directors. This amount is loaned to the business on an interest free basis with no formal repayments terms.

10 Controlling party

The company is jointly controlled by the two directors, each holding 50% of the voting rights, and therefore there is no single controlling party.