Company Registration No. 09112752 (England and Wales)
Keats Consulting Ltd
Unaudited accounts
for the year ended 31 July 2022
Keats Consulting Ltd
Unaudited accounts
Contents
Keats Consulting Ltd
Company Information
for the year ended 31 July 2022
Company Number
09112752 (England and Wales)
Registered Office
10 KEATS CLOSE
WHITELEY
FAREHAM
HAMPSHIRE
PO15 7LP
Accountants
CASA Accountancy & Bookkeeping Ltd
17 Lipizzaner Fields
Whiteley
Fareham
Hampshire
PO15 7BH
Keats Consulting Ltd
Statement of financial position
as at
31 July 2022
Tangible assets
16,294
19,761
Investment property
216,648
216,648
Cash at bank and in hand
82,225
70,533
Creditors: amounts falling due within one year
(7,509)
29,515
Net current assets
76,188
101,669
Total assets less current liabilities
309,130
338,078
Creditors: amounts falling due after more than one year
(143,131)
(143,120)
Provisions for liabilities
Deferred tax
(3,754)
(3,754)
Net assets
162,245
191,204
Called up share capital
100
100
Profit and loss account
162,145
191,104
Shareholders' funds
162,245
191,204
For the year ending 31 July 2022 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.
The financial statements were approved by the Board and authorised for issue on 25 January 2023 and were signed on its behalf by
Bridget Cremin
Director
Company Registration No. 09112752
Keats Consulting Ltd
Notes to the Accounts
for the year ended 31 July 2022
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 as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. 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 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 2022
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2021
26,087
3,555
29,642
At 31 July 2022
26,087
3,555
29,642
At 1 August 2021
7,676
2,205
9,881
Charge for the year
2,608
859
3,467
At 31 July 2022
10,284
3,064
13,348
At 31 July 2022
15,803
491
16,294
At 31 July 2021
18,411
1,350
19,761
5
Investment property
2022
Fair value at 1 August 2021
216,648
The freehold investment property is stated at cost plus property improvements to date.
Amounts falling due within one year
Accrued income and prepayments
1,472
1,385
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
6,086
6,085
Taxes and social security
63
17,641
Loans from directors
1,360
(55,927)
Loan of £56,101.13 paid to the director was repaid on the 04/11/21.
Keats Consulting Ltd
Notes to the Accounts
for the year ended 31 July 2022
8
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
143,131
143,120
Aggregate of amounts that fall due for payment after five years
-
121,605
The interest-only bank loan totaling £149,205 as at 31 July 2021 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
2022
2021
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 (2021: 1).