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REGISTERED NUMBER: 08868528 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Keith Butler Limited

Keith Butler Limited (Registered number: 08868528)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Keith Butler Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr K J Butler





REGISTERED OFFICE: Focus House
Millenium Way West
Phoenix Business Park
Nottingham
NG8 6AS





REGISTERED NUMBER: 08868528 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

Keith Butler Limited (Registered number: 08868528)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,054 14,681

CURRENT ASSETS
Debtors 5 120,204 63,258
Cash at bank 72,893 19,468
193,097 82,726
CREDITORS
Amounts falling due within one year 6 42,266 29,108
NET CURRENT ASSETS 150,831 53,618
TOTAL ASSETS LESS CURRENT
LIABILITIES

162,885

68,299

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 162,785 68,199
SHAREHOLDERS' FUNDS 162,885 68,299

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2023 and were signed by:





Mr K J Butler - Director


Keith Butler Limited (Registered number: 08868528)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Keith Butler Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the company's share of the profits of the partnership.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Keith Butler Limited (Registered number: 08868528)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 21,033
AMORTISATION
At 1 April 2022 6,352
Amortisation for year 2,627
At 31 March 2023 8,979
NET BOOK VALUE
At 31 March 2023 12,054
At 31 March 2022 14,681

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Due from partnership 36,780 31,821
Directors' current accounts 83,424 31,437
120,204 63,258

Other than as stated under directors loan account above, none of the above amounts related to amounts due from the director or shareholder of the company either directly or indirectly.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 40,789 27,930
Social security and other taxes 433 140
Accruals and deferred income 1,044 1,038
42,266 29,108

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

Keith Butler Limited (Registered number: 08868528)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr K J Butler
Balance outstanding at start of year 31,439 15,838
Amounts advanced 142,368 105,470
Amounts repaid (90,383 ) (89,869 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 83,424 31,439

The director's loan account was repaid within nine months of the year end. Interest was charged on the overdrawn director's loan account at HM Revenue & Customs official rate of interest at a rate of 2% per annum.