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31/10/2023
2023-10-31
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No description of principal activities is disclosed
2022-11-01
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
12000276
2022-11-01
2023-10-31
12000276
2023-10-31
12000276
2022-10-31
12000276
2021-11-01
2022-10-31
12000276
2022-10-31
12000276
2021-10-31
12000276
core:FurnitureFittingsToolsEquipment
2022-11-01
2023-10-31
12000276
core:MotorVehicles
2022-11-01
2023-10-31
12000276
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2022-11-01
2023-10-31
12000276
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2022-11-01
2023-10-31
12000276
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2022-11-01
2023-10-31
12000276
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2022-11-01
2023-10-31
12000276
bus:Director3
2022-11-01
2023-10-31
12000276
bus:Director4
2022-11-01
2023-10-31
12000276
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2022-10-31
12000276
core:MotorVehicles
2022-10-31
12000276
core:FurnitureFittingsToolsEquipment
2023-10-31
12000276
core:MotorVehicles
2023-10-31
12000276
core:DeferredTaxation
2022-11-01
2023-10-31
12000276
core:WithinOneYear
2023-10-31
12000276
core:WithinOneYear
2022-10-31
12000276
core:AfterOneYear
2023-10-31
12000276
core:AfterOneYear
2022-10-31
12000276
core:ShareCapital
2023-10-31
12000276
core:ShareCapital
2022-10-31
12000276
core:RetainedEarningsAccumulatedLosses
2023-10-31
12000276
core:RetainedEarningsAccumulatedLosses
2022-10-31
12000276
core:AcceleratedTaxDepreciationDeferredTax
2023-10-31
12000276
core:AcceleratedTaxDepreciationDeferredTax
2022-10-31
12000276
core:FurnitureFittingsToolsEquipment
2022-10-31
12000276
core:MotorVehicles
2022-10-31
12000276
core:DeferredTaxation
2022-10-31
12000276
core:DeferredTaxation
2023-10-31
12000276
bus:Director1
2022-10-31
12000276
bus:Director1
2023-10-31
12000276
bus:Director2
2022-10-31
12000276
bus:Director2
2023-10-31
12000276
bus:Director3
2022-10-31
12000276
bus:Director3
2023-10-31
12000276
bus:Director4
2023-10-31
12000276
bus:Director1
2021-10-31
12000276
bus:Director1
2022-10-31
12000276
bus:Director2
2021-10-31
12000276
bus:Director2
2022-10-31
12000276
bus:Director3
2021-10-31
12000276
bus:Director3
2022-10-31
12000276
bus:Director1
2021-11-01
2022-10-31
12000276
bus:Director2
2021-11-01
2022-10-31
12000276
bus:Director3
2021-11-01
2022-10-31
12000276
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2022-11-01
2023-10-31
12000276
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2022-11-01
2023-10-31
12000276
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2022-11-01
2023-10-31
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2022-11-01
2023-10-31
12000276
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2022-11-01
2023-10-31
Company registration number:
12000276
Keepme Lifestyle Limited
Unaudited financial statements
31 October 2023
Morris & Partners
35 Theydon Park Road
Theydon Bois
Essex CM16 7LR
Telephone 01992 813574
E-mail: chris@morrispartners.co.uk
Keepme Lifestyle Limited
Contents
Directors and other information
Accountants report
Statement of comprehensive income
Statement of financial position
Notes to the financial statements
Keepme Lifestyle Limited
Directors and other information
|
|
|
|
Directors |
K Anderson |
|
|
S Anderson |
|
|
N Jerzak |
|
|
J Amos |
|
|
|
|
|
|
|
Company number |
12000276 |
|
|
|
|
|
|
|
Registered office |
35 Theydon Park Road |
|
|
Theydon Bois |
|
|
Essex |
|
|
CM16 7LR |
|
|
|
|
|
|
|
Accountants |
Morris & Partners |
|
|
35 Theydon Park Road |
|
|
Theydon Bois |
|
|
Essex |
|
|
CM16 7LR |
|
|
|
Keepme Lifestyle Limited
Accountants' report on the unaudited financial statements to the directors of
Keepme Lifestyle Limited
As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2023 set out on pages 3 to 10 and you consider that the company is exempt from an audit. In accordance with your instructions we have compiled these unaudited financial statements, in order to assist you to fulfil your statutory responsibilities, from the accounting records and information supplied to us.
Morris & Partners
35 Theydon Park Road
Theydon Bois
Essex
CM16 7LR
Date: 16 February 2024
Keepme Lifestyle Limited
Statement of comprehensive income
Year ended 31 October 2023
|
|
|
|
2023 |
|
2022 |
|
|
|
|
Note |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Turnover |
|
|
|
5,779,960 |
|
6,008,723 |
|
|
Change in stocks of finished goods and in work in progress |
|
|
|
(
4,176,835) |
|
(
4,937,598) |
|
|
|
|
|
|
_______ |
|
_______ |
|
|
|
|
|
|
1,603,125 |
|
1,071,125 |
|
|
|
|
|
|
|
|
|
|
|
Staff costs |
|
|
|
(
637,074) |
|
(
579,881) |
|
|
Depreciation and other amounts written off tangible and intangible fixed assets |
|
|
|
(
19,181) |
|
(
14,574) |
|
|
Other operating expenses |
|
|
|
(
255,821) |
|
(
169,939) |
|
|
|
|
|
|
_______ |
|
_______ |
|
|
Operating profit |
|
|
|
691,049 |
|
306,731 |
|
|
|
|
|
|
|
|
|
|
|
Interest payable and similar expenses |
|
|
|
(
52,020) |
|
(
32,877) |
|
|
|
|
|
|
_______ |
|
_______ |
|
|
Profit before taxation |
|
|
|
639,029 |
|
273,854 |
|
|
|
|
|
|
|
|
|
|
|
Tax on profit |
|
|
|
(
153,989) |
|
(
54,806) |
|
|
|
|
|
|
_______ |
|
_______ |
|
|
Profit for the financial year and total comprehensive income |
|
|
|
485,040 |
|
219,048 |
|
|
|
|
|
|
_______ |
|
_______ |
|
|
|
|
|
|
|
|
|
|
|
All the activities of the company are from continuing operations.
Keepme Lifestyle Limited
Statement of financial position
31 October 2023
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
6 |
67,593 |
|
|
|
81,255 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
67,593 |
|
|
|
81,255 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
300,076 |
|
|
|
55,114 |
|
|
Debtors |
|
7 |
2,625,635 |
|
|
|
1,917,259 |
|
|
Cash at bank and in hand |
|
|
163,000 |
|
|
|
29,074 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
3,088,711 |
|
|
|
2,001,447 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
8 |
(
1,994,300) |
|
|
|
(
1,358,661) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
1,094,411 |
|
|
|
642,786 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
1,162,004 |
|
|
|
724,041 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
9 |
|
|
(
65,058) |
|
|
|
(
99,311) |
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
10 |
|
|
(
16,898) |
|
|
|
(
15,438) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
1,080,048 |
|
|
|
609,292 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
100 |
|
|
|
100 |
Profit and loss account |
|
|
|
|
1,079,948 |
|
|
|
609,192 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
1,080,048 |
|
|
|
609,292 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements were approved by the
board of directors
and authorised for issue on
16 February 2024
, and are signed on behalf of the board by:
K Anderson
Director
Company registration number:
12000276
Keepme Lifestyle Limited
Notes to the financial statements
Year ended 31 October 2023
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 35 Theydon Park Road, Theydon Bois, Essex, CM16 7LR.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Fittings fixtures and equipment |
- |
15 % |
reducing balance |
|
Motor vehicles |
- |
25 % |
reducing balance |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4.
Staff costs
The average number of persons employed by the company during the year amounted to
11
(2022:
12
).
The aggregate payroll costs incurred during the year were:
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Wages and salaries |
|
625,585 |
571,581 |
|
Other pension costs |
|
11,489 |
8,300 |
|
|
|
_______ |
_______ |
|
|
|
637,074 |
579,881 |
|
|
|
_______ |
_______ |
|
|
|
|
|
5.
Profit before taxation
Profit before taxation is stated after charging/(crediting):
|
|
|
|
2023 |
2022 |
|
|
|
|
£ |
£ |
|
Depreciation of tangible assets |
|
|
19,181 |
14,574 |
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
6.
Tangible assets
|
|
Fixtures, fittings and equipment |
Motor vehicles |
Total |
|
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 November 2022 |
20,508 |
76,905 |
97,413 |
|
|
|
|
|
Additions |
5,519 |
- |
5,519 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 October 2023 |
26,027 |
76,905 |
102,932 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 November 2022 |
4,277 |
11,881 |
16,158 |
|
|
|
|
|
Charge for the year |
2,925 |
16,256 |
19,181 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 October 2023 |
7,202 |
28,137 |
35,339 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 October 2023 |
18,825 |
48,768 |
67,593 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 October 2022 |
16,231 |
65,024 |
81,255 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.
Debtors
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Trade debtors |
|
1,686,481 |
950,132 |
|
Other debtors |
|
939,154 |
967,127 |
|
|
|
_______ |
_______ |
|
|
|
2,625,635 |
1,917,259 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
22,203 |
154,629 |
|
Trade creditors |
|
1,172,567 |
681,345 |
|
Corporation tax |
|
219,914 |
142,591 |
|
Social security and other taxes |
|
552,491 |
358,335 |
|
Other creditors |
|
27,125 |
21,761 |
|
|
|
_______ |
_______ |
|
|
|
1,994,300 |
1,358,661 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Creditors: amounts falling due after more than one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
16,581 |
40,756 |
|
Other creditors |
|
48,477 |
58,555 |
|
|
|
_______ |
_______ |
|
|
|
65,058 |
99,311 |
|
|
|
_______ |
_______ |
|
|
|
|
|
10.
Provisions
|
|
Deferred tax (note 11) |
Total |
|
|
|
|
|
£ |
£ |
|
|
|
|
At 1 November 2022 |
15,438 |
15,438 |
|
|
|
|
Additions |
1,460 |
1,460 |
|
|
|
|
|
_______ |
_______ |
|
|
|
|
At 31 October 2023 |
16,898 |
16,898 |
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
11.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Included in provisions (note 10) |
|
16,898 |
15,438 |
|
|
|
_______ |
_______ |
|
|
|
|
|
The deferred tax account consists of the tax effect of timing differences in respect of:
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Accelerated capital allowances |
|
16,898 |
15,438 |
|
|
|
_______ |
_______ |
|
|
|
|
|
12.
Directors advances, credits and guarantees
|
During the year the directors entered into the following advances and credits with the company: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
K Anderson |
42,928 |
52,692 |
(
26,406) |
69,214 |
|
|
|
S Anderson |
56,928 |
44,672 |
(
75,445) |
26,155 |
|
|
|
N Jerzak |
1,398 |
3,544 |
(
1,400) |
3,542 |
|
|
|
J Amos |
- |
3,572 |
- |
3,572 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
101,254 |
104,480 |
(
103,251) |
102,483 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
2022 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
K Anderson |
16,768 |
26,160 |
- |
42,928 |
|
|
|
S Anderson |
68,353 |
48,576 |
(
60,001) |
56,928 |
|
|
|
N Jerzak |
(
3,380) |
4,778 |
- |
1,398 |
|
|
|
J Amos |
- |
- |
- |
- |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
81,741 |
79,514 |
(
60,001) |
101,254 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|