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Company Registration No. 2156074 (England and Wales)
Keighwood Limited Unaudited accounts for the year ended 31 March 2024
Keighwood Limited Unaudited accounts Contents
Page
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Keighwood Limited Company Information for the year ended 31 March 2024
Directors
F K McMorran G A McMorran
Secretary
Mr F K McMorran
Company Number
2156074 (England and Wales)
Registered Office
Keighwood House 12 The Range Langham, Oakham Rutland LE15 7EB
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Keighwood Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
25,550 
25,600 
Current assets
Inventories
650 
600 
Debtors
1,480 
1,315 
Cash at bank and in hand
68 
1,261 
2,198 
3,176 
Creditors: amounts falling due within one year
(20,841)
(17,341)
Net current liabilities
(18,643)
(14,165)
Net assets
6,907 
11,435 
Capital and reserves
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
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Keighwood Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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
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.
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Keighwood Limited Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
20,000 
At 31 March 2024
20,000 
Amortisation
At 1 April 2023
20,000 
At 31 March 2024
20,000 
Net book value
At 31 March 2024
- 
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 
Additions
- 
95 
- 
95 
Disposals
- 
(2,000)
- 
(2,000)
At 31 March 2024
25,000 
2,698 
5,262 
32,960 
Depreciation
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 
Net book value
At 31 March 2024
25,000 
380 
170 
25,550 
At 31 March 2023
25,000 
350 
250 
25,600 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,400 
1,315 
Other debtors
80 
- 
1,480 
1,315 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
322 
274 
Taxes and social security
126 
- 
Loans from directors
20,393 
17,067 
20,841 
17,341 
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Keighwood Limited Notes to the Accounts for the year ended 31 March 2024
8
Share capital
2024 
2023 
£ 
£ 
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).
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