Company Registration No. 09112752 (England and Wales)
Keats Consulting Ltd
Unaudited accounts
for the year ended 31 July 2021
Keats Consulting Ltd
Unaudited accounts
Contents
Keats Consulting Ltd
Company Information
for the year ended 31 July 2021
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 2021
Tangible assets
19,761
21,019
Investment property
216,648
216,648
Cash at bank and in hand
70,533
43,169
Creditors: amounts falling due within one year
(26,586)
(31,644)
Net current assets
45,568
35,869
Total assets less current liabilities
281,977
273,536
Creditors: amounts falling due after more than one year
(143,120)
(143,125)
Provisions for liabilities
Deferred tax
(3,754)
(3,993)
Net assets
135,103
126,418
Called up share capital
100
100
Profit and loss account
135,003
126,318
Shareholders' funds
135,103
126,418
For the year ending 31 July 2021 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 27 August 2021 and were signed on its behalf by
Ms B Cremin
Director
Company Registration No. 09112752
Keats Consulting Ltd
Notes to the Accounts
for the year ended 31 July 2021
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 2021
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2020
26,087
1,930
28,017
At 31 July 2021
26,087
3,555
29,642
At 1 August 2020
5,068
1,930
6,998
Charge for the year
2,608
675
3,283
On disposals
-
(400)
(400)
At 31 July 2021
7,676
2,205
9,881
At 31 July 2021
18,411
1,350
19,761
At 31 July 2020
21,019
-
21,019
5
Investment property
2021
Fair value at 1 August 2020
216,648
The freehold investment property is stated at cost plus property improvements to date.
6
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
1,385
1,225
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
6,085
6,085
Trade creditors
1,096
1,016
Taxes and social security
17,641
19,407
Loans from directors
174
238
Keats Consulting Ltd
Notes to the Accounts
for the year ended 31 July 2021
8
Creditors: amounts falling due after more than one year
2021
2020
Bank loans
143,120
143,125
Aggregate of amounts that fall due for payment after five years
121,605
120,715
The interest-only bank loan totalling £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
2021
2020
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 (2020: 1).