Company Registration No. 06326604 (England and Wales)
KEEP IT REAL PROMOTIONS LTD
Unaudited accounts
for the year ended 31 July 2023
KEEP IT REAL PROMOTIONS LTD
Unaudited accounts
Contents
KEEP IT REAL PROMOTIONS LTD
Company Information
for the year ended 31 July 2023
Director
Terrence Ray Robinson
Company Number
06326604 (England and Wales)
Registered Office
London (West End) Office
85 Great Portland Street
London
W1W 7LT
United Kingdom
Accountants
MJ Support & Co Certified Accountants & Business Consultants
30 Churchill Place
Canary Wharf
E14 5EU
KEEP IT REAL PROMOTIONS LTD
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
167
373
Creditors: amounts falling due within one year
(99,130)
(84,332)
Net current liabilities
(28,071)
(15,440)
Total assets less current liabilities
(28,071)
(15,440)
Creditors: amounts falling due after more than one year
(5,351)
(24,982)
Net liabilities
(33,422)
(40,422)
Called up share capital
100
100
Profit and loss account
(33,522)
(40,522)
Shareholders' funds
(33,422)
(40,422)
For the year ending 31 July 2023 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 his 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 19 April 2024 and were signed on its behalf by
Terrence Ray Robinson
Director
Company Registration No. 06326604
KEEP IT REAL PROMOTIONS LTD
Notes to the Accounts
for the year ended 31 July 2023
KEEP IT REAL PROMOTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 06326604. The registered office is London (West End) Office , 85 Great Portland Street, London, W1W 7LT, United Kingdom.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Amounts falling due within one year
Accrued income and prepayments
68,519
68,519
KEEP IT REAL PROMOTIONS LTD
Notes to the Accounts
for the year ended 31 July 2023
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
8,425
9,514
Taxes and social security
15,638
6,826
Other creditors
54,575
56,513
Loans from directors
-
8,839
Other creditors includes the loan due to Funding Circle for the amount of £11,594.97 GBP. Loan is unsecured, and repayable together with the interest payments within 1 year.
Other creditors includes the loan due to Capital On Tap for the amount of £5,098.66 GBP and to Iwoca Ltd is for the amount of £3,993.07 GBP. Loan is unsecured, and repayable together with the interest payments within 1 year.
6
Creditors: amounts falling due after more than one year
2023
2022
Creditors includes the Bounce Back Loan for the amount of £5,351.71 GBP which is unsecured, and repayable together with the interest payments in 3 years.
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan
8,838
36,213
47,424
(2,373)
8,838
36,213
47,424
(2,373)
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).