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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
Page
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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
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KEEP IT REAL PROMOTIONS LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
70,892 
68,519 
Cash at bank and in hand
167 
373 
71,059 
68,892 
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)
Capital and reserves
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
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KEEP IT REAL PROMOTIONS LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
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 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.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
68,519 
68,519 
Other debtors
2,373 
- 
70,892 
68,519 
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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 
VAT
16,252 
- 
Taxes and social security
15,638 
6,826 
Other creditors
54,575 
56,513 
Loans from directors
- 
8,839 
Accruals
4,240 
2,640 
99,130 
84,332 
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 
£ 
£ 
Bank loans
5,351 
7,574 
Other creditors
- 
17,408 
5,351 
24,982 
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.
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Terrence Ray Robinson
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).
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