Company Registration No. 2156074 (England and Wales)
Keighwood Limited
Unaudited accounts
for the year ended 31 March 2024
Keighwood Limited
Unaudited accounts
Contents
Keighwood Limited
Company Information
for the year ended 31 March 2024
Directors
F K McMorran
G A McMorran
Company Number
2156074 (England and Wales)
Registered Office
Keighwood House
12 The Range
Langham, Oakham
Rutland
LE15 7EB
Keighwood Limited
Statement of financial position
as at 31 March 2024
Tangible assets
25,550
25,600
Cash at bank and in hand
68
1,261
Creditors: amounts falling due within one year
(20,841)
(17,341)
Net current liabilities
(18,643)
(14,165)
Called up share capital
1,000
1,000
Profit and loss account
5,907
10,435
Shareholders' funds
6,907
11,435
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 7 April 2024 and were signed on its behalf by
F K McMorran
Director
Company Registration No. 2156074
Keighwood Limited
Notes to the Accounts
for the year ended 31 March 2024
Keighwood Limited is a private company, limited by shares, registered in England and Wales, registration number 2156074. The registered office is Keighwood House, 12 The Range, Langham, Oakham, Rutland, LE15 7EB.
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.
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:
Land & buildings
No depreciation
Fixtures & fittings
15% reducing value
Computer equipment
33 1/3% reducing value
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Keighwood Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
25,000
4,603
5,262
34,865
Disposals
-
(2,000)
-
(2,000)
At 31 March 2024
25,000
2,698
5,262
32,960
At 1 April 2023
-
4,253
5,012
9,265
Charge for the year
-
65
80
145
On disposals
-
(2,000)
-
(2,000)
At 31 March 2024
-
2,318
5,092
7,410
At 31 March 2024
25,000
380
170
25,550
At 31 March 2023
25,000
350
250
25,600
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
126
-
Loans from directors
20,393
17,067
Keighwood Limited
Notes to the Accounts
for the year ended 31 March 2024
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).