IRIS Accounts Productionv24.1.0.57803655051Board of Directors1.1.2331.12.2331.12.230falsetruefalsefalsefalsetruefalseOrdinary1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh036550512022-12-31036550512023-12-31036550512023-01-012023-12-31036550512021-12-31036550512022-01-012022-12-31036550512022-12-3103655051ns15:EnglandWales2023-01-012023-12-3103655051ns14:PoundSterling2023-01-012023-12-3103655051ns10:Director12023-01-012023-12-3103655051ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3103655051ns10:SmallEntities2023-01-012023-12-3103655051ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3103655051ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3103655051ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3103655051ns10:FullAccounts2023-01-012023-12-310365505112023-01-012023-12-3103655051ns10:OrdinaryShareClass12023-01-012023-12-3103655051ns10:Director22023-01-012023-12-3103655051ns10:RegisteredOffice2023-01-012023-12-3103655051ns5:CurrentFinancialInstruments2023-12-3103655051ns5:CurrentFinancialInstruments2022-12-3103655051ns5:ShareCapital2023-12-3103655051ns5:ShareCapital2022-12-3103655051ns5:RetainedEarningsAccumulatedLosses2023-12-3103655051ns5:RetainedEarningsAccumulatedLosses2022-12-3103655051ns5:NetGoodwill2023-01-012023-12-3103655051ns5:NetGoodwill2023-12-3103655051ns5:LandBuildings2022-12-3103655051ns5:LeaseholdImprovements2022-12-3103655051ns5:FurnitureFittings2022-12-3103655051ns5:LandBuildings2023-01-012023-12-3103655051ns5:LeaseholdImprovements2023-01-012023-12-3103655051ns5:FurnitureFittings2023-01-012023-12-3103655051ns5:LandBuildings2023-12-3103655051ns5:LeaseholdImprovements2023-12-3103655051ns5:FurnitureFittings2023-12-3103655051ns5:LandBuildings2022-12-3103655051ns5:LeaseholdImprovements2022-12-3103655051ns5:FurnitureFittings2022-12-3103655051ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3103655051ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3103655051ns5:Non-currentFinancialInstruments2023-12-3103655051ns5:Non-currentFinancialInstruments2022-12-3103655051ns5:WithinOneYear2023-12-3103655051ns5:WithinOneYear2022-12-3103655051ns5:BetweenOneFiveYears2023-12-3103655051ns5:BetweenOneFiveYears2022-12-3103655051ns5:AllPeriods2023-12-3103655051ns5:AllPeriods2022-12-3103655051ns5:DeferredTaxation2022-12-3103655051ns5:DeferredTaxation2023-12-3103655051ns10:OrdinaryShareClass12023-12-31036550511ns10:Director12022-12-31036550511ns10:Director12021-12-31036550511ns10:Director12023-01-012023-12-31036550511ns10:Director12022-01-012022-12-31036550511ns10:Director12023-12-31036550511ns10:Director12022-12-310365505112023-01-012023-12-31

REGISTERED NUMBER: 03655051 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023


FOR



KLEEK APPRENTICESHIPS LIMITED


KLEEK APPRENTICESHIPS LIMITED (REGISTERED NUMBER: 03655051)








CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023





Page




Company Information  

1




Balance Sheet  

2




Notes to the Financial Statements  

4





KLEEK APPRENTICESHIPS LIMITED



COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2023









DIRECTORS:

S Kee


Mrs T M Ockerby







REGISTERED OFFICE:

55-59 Duke Street


Darlington


DL3 7SD







REGISTERED NUMBER:

03655051 (England and Wales)







ACCOUNTANTS:

CP Waites


Chartered Accountants


24 St Cuthberts Way


Darlington


DL1 1GB


KLEEK APPRENTICESHIPS LIMITED (REGISTERED NUMBER: 03655051)



BALANCE SHEET

31 DECEMBER 2023



2023

2022



Notes

£   

£   

£   

£   


FIXED ASSETS

Intangible assets

4

168,000


-



Tangible assets

5

460,811


416,163



628,811


416,163




CURRENT ASSETS

Stocks

48,168


44,715



Debtors

6

1,256,568


946,850



Cash at bank and in hand

343,875


868,606



1,648,611


1,860,171



CREDITORS

Amounts falling due within one year

7

294,798


366,136



NET CURRENT ASSETS

1,353,813


1,494,035



TOTAL ASSETS LESS CURRENT

LIABILITIES

1,982,624


1,910,198




PROVISIONS FOR LIABILITIES

9

14,200


4,000



NET ASSETS

1,968,424


1,906,198




CAPITAL AND RESERVES

Called up share capital

10

1


1



Retained earnings

1,968,423


1,906,197



SHAREHOLDERS' FUNDS

1,968,424


1,906,198




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.  


The directors acknowledge their 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.


KLEEK APPRENTICESHIPS LIMITED (REGISTERED NUMBER: 03655051)



BALANCE SHEET - continued

31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.  


The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:






S Kee - Director



KLEEK APPRENTICESHIPS LIMITED (REGISTERED NUMBER: 03655051)



NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023


1.

STATUTORY INFORMATION



Kleek Apprenticeships 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 income receivable by the company for the provision of hair and beauty training and related income. The company is not registered for value added tax.



Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of five years from the date of acquisition.


Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life with a full year's provision in the year of acquisition.

Freehold property- property 2% on cost and improvements 20% on cost
Leasehold improvements- 10% on cost or equally over the length of the lease if shorter
Fixtures, fittings and equipment- 20% on cost
Motor vehicles- 33% on reducing balance


Grants

Grants in respect of revenue expenditure are released to the profit and loss account as the related expenditure is incurred. Grants relating to assets are released to the profit and loss account over the expected useful life of the assets.


Stocks


Stocks are valued at the lower of cost and net realisable value, after making due allowance for slow moving items.



Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


KLEEK APPRENTICESHIPS LIMITED (REGISTERED NUMBER: 03655051)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2023


2.

ACCOUNTING POLICIES - continued


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.


Leasing commitments


Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.



Revenue recognition


Turnover represents revenue earned from a contract with the Education & Skills Funding Agency and related income. Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance.



Pension costs


The company contributes to an auto enrolment pension scheme. Contributions payable to the scheme are charged to the profit and loss account in the period to which they relate.


3.

EMPLOYEES AND DIRECTORS



During the year there were 2 (2022 - 2) diectors and the average number of employees excluding directors was 38 (2022 - 31 ) .


4.

INTANGIBLE FIXED ASSETS


Goodwill

£   



COST


Additions

180,000




At 31 December 2023

180,000




AMORTISATION


Amortisation for year

12,000




At 31 December 2023

12,000




NET BOOK VALUE


At 31 December 2023

168,000




KLEEK APPRENTICESHIPS LIMITED (REGISTERED NUMBER: 03655051)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2023


5.

TANGIBLE FIXED ASSETS


Fixtures,



fittings



Freehold


Leasehold


and



property


improvements


equipment


Totals

£   

£   

£   

£   



COST


At 1 January 2023

477,572


62,885


119,759


660,216




Additions

-


29,898


53,461


83,359




Disposals

-


-


(7,117

)

(7,117

)



At 31 December 2023

477,572


92,783


166,103


736,458




DEPRECIATION


At 1 January 2023

99,400


62,884


81,769


244,053




Charge for year

14,669


1,994


18,266


34,929




Eliminated on disposal

-


-


(3,335

)

(3,335

)



At 31 December 2023

114,069


64,878


96,700


275,647




NET BOOK VALUE


At 31 December 2023

363,503


27,905


69,403


460,811




At 31 December 2022

378,172


1


37,990


416,163




6.

DEBTORS

2023

2022


£   

£   



Amounts falling due within one year:


Amounts owed by associated undertakings

340,990


510,200




Director's current account

-


9,721




Prepayments and accrued income

903,678


422,129




Sundry debtors

5,300


4,800



1,249,968


946,850





Amounts falling due after more than one year:


Sundry debtors

6,600


-





Aggregate amounts

1,256,568


946,850




7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Trade creditors

110,708


77,935




Corporation tax

22,951


99,591




Social security and other taxes

27,325


16,974




Amounts owed to associated undertakings

-


37,240




Director's current account

10,000


-




Accruals and deferred income

56,914


40,496




Sundry creditors

66,900


93,900



294,798


366,136




KLEEK APPRENTICESHIPS LIMITED (REGISTERED NUMBER: 03655051)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2023


8.

LEASING AGREEMENTS



Minimum lease payments under non-cancellable operating leases fall due as follows:

2023

2022


£   

£   



Within one year

139,582


104,454




Between one and five years

205,403


147,210



344,985


251,664




9.

PROVISIONS FOR LIABILITIES

2023

2022


£   

£   



Deferred tax

14,200


4,000





Deferred



tax


£   



Balance at 1 January 2023

4,000




Movement

10,200




Balance at 31 December 2023

14,200




The deferred tax provision relates to accelerated capital allowances.

10.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

2023

2022



value:

£   

£   



100

Ordinary

1p

1


1




11.

DIRECTORS' ADVANCES, CREDITS AND GUARANTEES



The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:


2023

2022


£   

£   



S Kee


Balance outstanding at start of year

9,721


285,000




Amounts advanced

-


92,171




Amounts repaid

(19,721

)

(367,450

)



Amounts written off

-


-




Amounts waived

-


-




Balance outstanding at end of year

(10,000

)

9,721




KLEEK APPRENTICESHIPS LIMITED (REGISTERED NUMBER: 03655051)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2023


12.

RELATED PARTY DISCLOSURES



During the year the company entered into the following transactions with related parties:



Recharged costs, goods and services purchased


2023


2022




£   


£   





Saks Hair (Holdings) Limited


-


153,295




Saks HB Limited


6,000


18,068





Recharged costs, goods and services sold


2023


2022




£   


£   





Saks HB Limited


10,299


25,834




Saksessories Limited


1,265


4,503





Interest receivable on related party loans


2023


2022




£   


£   





Saks HB Limited


2,288


2,496





The following balances were held with other related parties at the balance sheet date:



Net amounts owed (to) / from related parties:


2023


2022




£   


£   





Saks Hair (Holdings) Limited


-


(38,550

)



Saks HB Limited


62,119


93,221




Saksessories Limited


119


3,226




Saks Academies Limited


54,500


54,500




Saks Academies Limited bad debt provision


(54,500

)

(54,500

)



Swan Kee Limited


280,000


415,000




13.

POST BALANCE SHEET EVENTS


The company entered into a binding agreement on 4 December 2023 to acquire the entire issued share capital of B L Training (Holdings) Limited on 2 January 2024 for initial consideration of £1,361,419, deferred consideration of £45,733 and future contingent consideration which is estimated at £235,200.

14.

ULTIMATE CONTROLLING PARTY



The ultimate controlling party is S Kee who owns the entire issued share capital of the company.