Registered number
12848125
Keepeasy Limited
Filleted Accounts
31 August 2023
Keepeasy Limited
Registered number: 12848125
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Current assets
Stocks 8,602 19,181
Debtors 3 2,328 14,414
Cash at bank and in hand 14,012 10,175
24,942 43,770
Creditors: amounts falling due within one year 4 (32,009) (59,774)
Net current liabilities (7,067) (16,004)
Net liabilities (7,067) (16,004)
Capital and reserves
Called up share capital 100 100
Profit and loss account (7,167) (16,104)
Shareholder's funds (7,067) (16,004)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sanket Anil Shah
Director
Approved by the board on 8 April 2024
Keepeasy Limited
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Functional and presentation currency
The financial statements of the company are measured and presented in the currency of the primary economic environment in which the company operates, the functional currency. The financial statements are presented in Pound sterling (£), which is the company’s functional currency.
Employee benefits
Short-term employee benefits
Short-term employee benefits are recognised as an expense in the period in which they are incurred.

Post-employment defined contribution plans
Amounts in respect of defined contributions plans are recognised as an expense as they are incurred.

Termination benefits
Provisions for termination benefits are recognised only when the company is demonstrably committed to terminate the employment of an employee or of a group of employees before their normal retirement date or to provide termination benefits as a result of an offer made in order to encourage voluntary redundancy.
Going concern
The financial statements have been prepared on the basis that the company will receive continued financial support from bank and director and has adequate resources to continue in operational existence for the foreseeable future.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Trade debtors 2,328 14,414
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 647 -
Other creditors 31,362 59,774
32,009 59,774
5 Related party transactions
Included within other creditors is a director's loan of £25,671 (2021 - £38,158).
6 Controlling party
Sanket Anil Shah is the ultimate controlling party.
7 Other information
Keepeasy Limited is a private company limited by shares and incorporated in England. Its registered office is:
18 Grenoble Gardens
London
N13 6JG
Keepeasy Limited 12848125 false 2022-09-01 2023-08-31 2023-08-31 VT Final Accounts April 2024 Sanket Anil Shah No description of principal activity 12848125 2021-09-01 2022-08-31 12848125 core:WithinOneYear 2022-08-31 12848125 core:ShareCapital 2022-08-31 12848125 core:RetainedEarningsAccumulatedLosses 2022-08-31 12848125 2022-09-01 2023-08-31 12848125 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 12848125 bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 12848125 bus:Director40 2022-09-01 2023-08-31 12848125 1 2022-09-01 2023-08-31 12848125 2 2022-09-01 2023-08-31 12848125 countries:England 2022-09-01 2023-08-31 12848125 bus:FRS102 2022-09-01 2023-08-31 12848125 bus:FilletedAccounts 2022-09-01 2023-08-31 12848125 2023-08-31 12848125 core:WithinOneYear 2023-08-31 12848125 core:ShareCapital 2023-08-31 12848125 core:RetainedEarningsAccumulatedLosses 2023-08-31 12848125 2022-08-31 iso4217:GBP xbrli:pure