Registered number
11098741
Keelo Consulting Limited
Filleted Accounts
31 December 2023
Keelo Consulting Limited
Registered number: 11098741
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 4,403 2,925
Investments 4 115,019 209,677
119,422 212,602
Current assets
Debtors 5 5,973 4,631
Cash at bank and in hand 35,161 42,580
41,134 47,211
Creditors: amounts falling due within one year 6 (113,731) (139,895)
Net current liabilities (72,597) (92,684)
Total assets less current liabilities 46,825 119,918
Creditors: amounts falling due after more than one year 7 (14,167) (24,167)
Net assets 32,658 95,751
Capital and reserves
Called up share capital 100 100
Profit and loss account 32,558 95,651
Shareholder's funds 32,658 95,751
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.
J Keeling
Director
Approved by the board on 20 September 2024
Keelo Consulting Limited
Notes to the Accounts
for the year ended 31 December 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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer Equipment 4 years
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Computer Equipment
£
Cost
At 1 January 2023 7,575
Additions 2,805
At 31 December 2023 10,380
Depreciation
At 1 January 2023 4,650
Charge for the year 1,327
At 31 December 2023 5,977
Net book value
At 31 December 2023 4,403
At 31 December 2022 2,925
4 Investments
Other
investments
£
Cost
At 1 January 2023 209,677
Disposals (94,658)
At 31 December 2023 115,019
5 Debtors 2023 2022
£ £
Trade debtors 4,280 3,953
Other debtors 1,693 678
5,973 4,631
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 4,460 1,343
Taxation and social security costs 99,101 117,675
Other creditors 170 10,877
113,731 139,895
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 14,167 24,167
8 Other information
Keelo Consulting Limited is a private company limited by shares and incorporated in England. Its registered office is:
102 Tettenhall Road
Wolverhampton
WV6 0BW
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