Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-3025242022-07-01falseNo description of principal activityfalsetrue SC116720 2022-07-01 2023-06-30 SC116720 2021-07-01 2022-06-30 SC116720 2023-06-30 SC116720 2022-06-30 SC116720 c:Director1 2022-07-01 2023-06-30 SC116720 c:Director2 2022-07-01 2023-06-30 SC116720 c:Director3 2022-07-01 2023-06-30 SC116720 c:Director4 2022-07-01 2023-06-30 SC116720 c:RegisteredOffice 2022-07-01 2023-06-30 SC116720 d:CurrentFinancialInstruments 2023-06-30 SC116720 d:CurrentFinancialInstruments 2022-06-30 SC116720 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC116720 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 SC116720 d:ShareCapital 2023-06-30 SC116720 d:ShareCapital 2022-06-30 SC116720 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC116720 d:RetainedEarningsAccumulatedLosses 2022-06-30 SC116720 c:OrdinaryShareClass1 2022-07-01 2023-06-30 SC116720 c:OrdinaryShareClass1 2023-06-30 SC116720 c:OrdinaryShareClass1 2022-06-30 SC116720 c:FRS102 2022-07-01 2023-06-30 SC116720 c:Audited 2022-07-01 2023-06-30 SC116720 c:FullAccounts 2022-07-01 2023-06-30 SC116720 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 SC116720 c:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 SC116720 6 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC116720










KEELA INTERNATIONAL LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

 
KEELA INTERNATIONAL LIMITED
 

COMPANY INFORMATION


Directors
Mr S R Fernando 
Mr S Ruwan Fernando 
Ms S C Fernando 
Ms A H H Kidd 




Registered number
SC116720



Registered office
52 - 53 Nasmyth Road
Southfield Industrial Estate

Glenrothes

Fife

KY6 2SD




Independent auditors
EQ Audit Services LLP
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
KEELA INTERNATIONAL LIMITED
REGISTERED NUMBER: SC116720

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
£
£

Fixed assets
  

Investments
 4 
11,267
11,267

  
11,267
11,267

Current assets
  

Stocks
  
2,529,810
1,761,482

Debtors: amounts falling due within one year
 5 
1,805,489
981,133

Cash at bank and in hand
  
2,406,158
1,855,165

  
6,741,457
4,597,780

Creditors: amounts falling due within one year
 6 
(1,851,892)
(1,033,366)

Net current assets
  
 
 
4,889,565
 
 
3,564,414

Total assets less current liabilities
  
4,900,832
3,575,681

  

Net assets
  
4,900,832
3,575,681


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
4,900,732
3,575,581

  
4,900,832
3,575,681


The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 November 2023.




Mr S Ruwan Fernando
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
KEELA INTERNATIONAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

The Company is limited by shares and incorporated in Scotland; Registration Number SC116720. The registered office address is 52 - 53 Nasmyth Road, Southfield Industrial Estate, Glenrothes, Fife, KY6 2SD.
The principal activity of the company is that of a wholesaler and distributor of specialised extreme conditions outdoor garments. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 2

 
KEELA INTERNATIONAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

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 profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.
At each Statement of Financial Position date, stocks are assessed for impairment. If inventory is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Comprehensive Income.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 3

 
KEELA INTERNATIONAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 25 (2022 - 24).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2022
11,267



At 30 June 2023
11,267





5.


Debtors

2023
2022
£
£


Trade debtors
1,239,967
521,867

Amounts owed by group undertakings
348,567
377,174

Prepayments and accrued income
216,955
82,092

1,805,489
981,133



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
175,498
96,719

Amounts owed to group undertakings
1,066,695
505,143

Other taxation and social security
481,566
365,785

Accruals and deferred income
128,133
65,719

1,851,892
1,033,366


Page 4

 
KEELA INTERNATIONAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



8.


Security and guarantees

The Company has granted security to its bankers over its assets by way of a bond and floating charge. No bank borrowings were in place at the balance sheet date.


9.


Related party transactions

The Company has taken the exemption available under s33.1A of FRS 102 not to disclose transactions with other wholly owned members of the group.


10.


Controlling Party

The company is a wholly owned subsidiary of Ardmel Automation Limited, a company registered in Scotland. The registered office address and principal place of business is 52 - 53 Nasmyth Road, Southfield Industrial Estate, Glenrothes, Fife, KY6 2SD.
Consolidated group accounts for Ardmel Automation Limited are available from Companies House.


11.


Auditors' information

The auditors' report on the financial statements for the year ended 30 June 2023 was unqualified.

The audit report was signed on 9 November 2023 by Mark Gibson (Senior statutory auditor) on behalf of EQ Audit Services LLP.


Page 5