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REGISTERED NUMBER: 04700202 (England and Wales)















Financial Statements for the Year Ended 30 April 2023

for

Keith Ian Limited

Keith Ian Limited (Registered number: 04700202)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 9

Keith Ian Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: I F Robertson





REGISTERED OFFICE: 55 High Street
Hoddesdon
Hertfordshire
EN11 8TQ





REGISTERED NUMBER: 04700202 (England and Wales)





ACCOUNTANTS: Reece & Co.
55 High Street
Hoddesdon
Hertfordshire
EN11 8TQ

Keith Ian Limited (Registered number: 04700202)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 4,672 7,419
4,673 7,420

CURRENT ASSETS
Debtors 6 74,538 104,258
Cash at bank and in hand 50,762 85,682
125,300 189,940
CREDITORS
Amounts falling due within one year 7 93,093 98,065
NET CURRENT ASSETS 32,207 91,875
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,880

99,295

CREDITORS
Amounts falling due after more than one
year

8

(108,141

)

(38,897

)

PROVISIONS FOR LIABILITIES 9 - (1,039 )
NET (LIABILITIES)/ASSETS (71,261 ) 59,359

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 11 (71,461 ) 59,159
SHAREHOLDERS' FUNDS (71,261 ) 59,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Keith Ian Limited (Registered number: 04700202)

Balance Sheet - continued
30 April 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 March 2024 and were signed by:





I F Robertson - Director


Keith Ian Limited (Registered number: 04700202)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Keith Ian Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced Fees and Commissions receivable, excluding value added tax.

Financial Instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year) including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payable or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

Judgements and key sources of estimation uncertainty

In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision effects only that period, or in the period of the revision and future periods, if the revision effects both current and future periods.

The directors do not believe that there have been judgements (apart from those involving estimates) made in the process of applying the above accounting policies that have had a significant effect on amounts recognised in the financial statements.

Goodwill
Goodwill being amounts paid in connection with the acquisition of businesses in 2003 and 2007, was amortised evenly over the estimated useful lives of five and three years respectively. The Goodwill being amounts paid in connection with the acquisition of a business in 2011, was amortised evenly over the estimated useful life of eight years.

Keith Ian Limited (Registered number: 04700202)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The company has a negative balance sheet total and has made a trading loss for the year. Trade has been very tough and steps have been taken to help the business trade more effectively in the tough climate with a major part of that being the amalgamation of the offices to cut back on overheads, which should help the profitability for future years.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 12 ) .

Keith Ian Limited (Registered number: 04700202)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 360,672
AMORTISATION
At 1 May 2022
and 30 April 2023 360,671
NET BOOK VALUE
At 30 April 2023 1
At 30 April 2022 1

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 May 2022 21,356 63,417 55,998 140,771
Additions - - 1,100 1,100
At 30 April 2023 21,356 63,417 57,098 141,871
DEPRECIATION
At 1 May 2022 19,208 61,825 52,319 133,352
Charge for year 1,068 398 2,381 3,847
At 30 April 2023 20,276 62,223 54,700 137,199
NET BOOK VALUE
At 30 April 2023 1,080 1,194 2,398 4,672
At 30 April 2022 2,148 1,592 3,679 7,419

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 9,060 37,575
Other debtors 65,478 66,683
74,538 104,258

Included in other debtors is a loan to the director Mr I Robertson and at the balance sheet date the total outstanding was £64,723 (at 30th April 2022 it was £66,209).

Keith Ian Limited (Registered number: 04700202)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 65,505 57,599
Trade creditors 4,950 -
Taxation and social security 19,136 27,477
Other creditors 3,502 12,989
93,093 98,065

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans 108,141 38,897

9. PROVISIONS FOR LIABILITIES
30.4.23 30.4.22
£    £   
Deferred tax - 1,039

Deferred
tax
£   
Balance at 1 May 2022 1,039
Balance at 30 April 2023 1,039

Deferred taxation arises from accelerated Capital Allowances.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
100 'A' Ordinary £1-00 100 100
100 'C' Ordinary £1-00 100 100
200 200

11. RESERVES
Retained
earnings
£   

At 1 May 2022 59,159
Deficit for the year (115,620 )
Dividends (15,000 )
At 30 April 2023 (71,461 )

Keith Ian Limited (Registered number: 04700202)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

I F Robertson owns one of the three properties from which the company trades. It is leased on a tenants repairing basis at a full commercial rent. During the year rent of £27,000 was paid. There were no amounts unpaid at the balance sheet date.

During the year a total of £15,000 was voted in dividends to the shareholders.

13. RELATED PARTY DISCLOSURES

The company is controlled by its directors who own all the issued share capital.

Keith Ian Limited

Report of the Accountants to the Director of
Keith Ian Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2023 set out on pages two to eight 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 and explanations supplied to us.






Reece & Co.
55 High Street
Hoddesdon
Hertfordshire
EN11 8TQ


17 March 2024