Company Registration No. 09112752 (England and Wales)
Keats Consulting Ltd
Unaudited accounts
for the year ended 31 July 2019
Keats Consulting Ltd
Unaudited accounts
Contents
Keats Consulting Ltd
Company Information
for the year ended 31 July 2019
Company Number
09112752 (England and Wales)
Registered Office
10 Keats Close
Whiteley
Fareham
Hampshire
PO15 7LP
Accountants
Elan Book-Keeping
112 Carisbrooke Road
Gosport
Hants
PO13 0NZ
Keats Consulting Ltd
Statement of financial position
as at
31 July 2019
Tangible assets
21,665
500
Investment property
216,648
204,648
Cash at bank and in hand
13,576
54,408
Creditors: amounts falling due within one year
(21,024)
(32,022)
Net current assets
607
29,166
Total assets less current liabilities
238,920
234,314
Creditors: amounts falling due after more than one year
(143,095)
(143,120)
Provisions for liabilities
Deferred tax
(4,116)
(95)
Called up share capital
100
100
Profit and loss account
91,609
90,999
Shareholders' funds
91,709
91,099
For the year ending 31 July 2019 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 her 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.
Approved by the Board on 27 April 2020.
Ms B Cremin
Director
Company Registration No. 09112752
Keats Consulting Ltd
Notes to the Accounts
for the year ended 31 July 2019
Keats Consulting Ltd is a private company, limited by shares, registered in England and Wales, registration number 09112752. The registered office is 10 Keats Close, Whiteley, Fareham, Hampshire, PO15 7LP.
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.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10.00% on cost
Computer equipment
33.33% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
No depreciation is provided on the freehold investment property which is stated at cost plus the cost of improvements to date.
Keats Consulting Ltd
Notes to the Accounts
for the year ended 31 July 2019
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2018
159
1,930
2,089
Additions
23,966
-
23,966
At 31 July 2019
24,125
1,930
26,055
At 1 August 2018
48
1,541
1,589
Charge for the year
2,412
389
2,801
At 31 July 2019
2,460
1,930
4,390
At 31 July 2019
21,665
-
21,665
At 31 July 2018
111
389
500
5
Investment property
2019
Fair value at 1 August 2018
204,648
The freehold investment property is stated at cost plus property improvements to date.
Trade debtors
6,163
6,160
Accrued income and prepayments
1,700
620
7
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
6,085
6,085
Taxes and social security
12,129
24,138
Loans from directors
445
64
Keats Consulting Ltd
Notes to the Accounts
for the year ended 31 July 2019
8
Creditors: amounts falling due after more than one year
2019
2018
Bank loans
143,095
143,120
Aggregate of amounts that fall due for payment after five years
119,785
119,780
The interest-only bank loan totalling £149,180 as at 31 July 2019 is secured by a first fixed and floating charge over the assets of the company and by the personal guarantee of the director Ms. B Cremin.
9
Share capital
2019
2018
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Ms B Cremin holds 100% of the issued share capital and is deemed the ultimate controlling party.
11
Average number of employees
During the year the average number of employees was 1 (2018: 1).