IRIS Accounts Production v24.3.0.553 OC403972 designated member designated member 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC4039722023-01-31OC4039722024-01-31OC4039722023-02-012024-01-31OC4039722022-01-31OC4039722022-02-012023-01-31OC4039722023-01-31OC403972ns15:EnglandWales2023-02-012024-01-31OC403972ns14:PoundSterling2023-02-012024-01-31OC403972ns10:PartnerLLP12023-02-012024-01-31OC403972ns10:PartnerLLP22023-02-012024-01-31OC403972ns10:LimitedLiabilityPartnershipLLP2023-02-012024-01-31OC403972ns10:SmallEntities2023-02-012024-01-31OC403972ns10:AuditExemptWithAccountantsReport2023-02-012024-01-31OC403972ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-31OC403972ns10:LimitedLiabilityPartnershipsSORP2023-02-012024-01-31OC403972ns10:FullAccounts2023-02-012024-01-31OC403972ns10:RegisteredOffice2023-02-012024-01-31OC403972ns5:CurrentFinancialInstruments2024-01-31OC403972ns5:CurrentFinancialInstruments2023-01-31OC403972ns5:PlantMachinery2023-02-012024-01-31OC403972ns5:OwnedAssets2023-02-012024-01-31OC403972ns5:OwnedAssets2022-02-012023-01-31OC403972ns5:PlantMachinery2023-01-31OC403972ns5:PlantMachinery2024-01-31OC403972ns5:PlantMachinery2023-01-31OC403972ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-31OC403972ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-31
REGISTERED NUMBER: OC403972 (England and Wales)












KEECO WELLBEING LLP

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2024






KEECO WELLBEING LLP (REGISTERED NUMBER: OC403972)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Reconciliation of Members' Interests 6

Notes to the Financial Statements 8


KEECO WELLBEING LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DESIGNATED MEMBERS: K D Williams
Mrs E M Beynon-Williams





REGISTERED OFFICE: Brynheulog
The Bryn
Llanmorlais
Swansea
SA4 3UQ





REGISTERED NUMBER: OC403972 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA

KEECO WELLBEING LLP (REGISTERED NUMBER: OC403972)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 JANUARY 2024

The members present their report with the financial statements of the LLP for the year ended 31 January 2024.

PRINCIPAL ACTIVITY
Health & Wellbeing training and consultancy

DESIGNATED MEMBERS
The designated members during the year under review were:

K D Williams
Mrs E M Beynon-Williams

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £96,399 (2023 - £134,702 profit).

MEMBERS' INTERESTS
Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the anticipated cash requirements of the Limited Liability Partnership. The members can decide on how much undistributed income will be retained within the Limited Liability Partnership as capital.

ON BEHALF OF THE MEMBERS:





K D Williams - Designated member


29 October 2024

KEECO WELLBEING LLP (REGISTERED NUMBER: OC403972)

INCOME STATEMENT
FOR THE YEAR ENDED 31 JANUARY 2024

2024 2023
Notes £    £   

TURNOVER 120,583 152,542

Administrative expenses 24,184 17,840
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT
SHARES AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS



96,399



134,702

KEECO WELLBEING LLP (REGISTERED NUMBER: OC403972)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 765 1,284

CURRENT ASSETS
Stocks 13,500 -
Debtors 6 396 7,390
13,896 7,390
CREDITORS
Amounts falling due within one year 7 5,993 8,674
NET CURRENT ASSETS/(LIABILITIES) 7,903 (1,284 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 8,668 -

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

8,668

-

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 8,668 -
Amounts due from members 6 - (7,007 )
8,668 (7,007 )

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 January 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

KEECO WELLBEING LLP (REGISTERED NUMBER: OC403972)

BALANCE SHEET - continued
31 JANUARY 2024


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

The financial statements were approved by the members of the LLP and authorised for issue on 29 October 2024 and were signed by:




K D Williams - Designated member




Mrs E M Beynon-Williams - Designated member


KEECO WELLBEING LLP (REGISTERED NUMBER: OC403972)

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 JANUARY 2024


EQUITY DEBT TOTAL
Members' Loans and other debts due to MEMBERS'
other members less any amounts due INTERESTS
interests from members in debtors

Other Other
reserves amounts Total
£    £    £   
Amount due to members -
Amount due from members (7,007 )
Balance at 1 February 2023 - (7,007 ) (7,007 )
Profit for the financial year available
for discretionary division among
members


96,399


-


96,399


Members' interests after profit for the
year

96,399

(7,007

)

89,392

Other divisions of profit (96,399 ) 96,399 -
Introduced by members - 42,577 42,577
Drawings on account and
distributions of profit

-

(123,301

)

(123,301

)

Amount due to members 8,668
Amount due from members -
Balance at 31 January 2024 - 8,668 8,668

KEECO WELLBEING LLP (REGISTERED NUMBER: OC403972)

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 JANUARY 2024

EQUITY DEBT TOTAL
Members' Loans and other debts due to MEMBERS'
other members less any amounts due INTERESTS
interests from members in debtors

Other Other
reserves amounts Total
£    £    £   
Amount due to members -
Amount due from members (2,388 )
Balance at 1 February 2022 - (2,388 ) (2,388 )
Profit for the financial year available
for discretionary division among
members


134,702


-


134,702


Members' interests after profit for the
year

134,702

(2,388

)

132,314

Other divisions of profit (134,702 ) 134,702 -
Introduced by members - 38,557 38,557
Drawings on account and
distributions of profit

-

(177,878

)

(177,878

)

Amount due to members -
Amount due from members (7,007 )
Balance at 31 January 2023 - (7,007 ) (7,007 )

KEECO WELLBEING LLP (REGISTERED NUMBER: OC403972)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Keeco Wellbeing LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

KEECO WELLBEING LLP (REGISTERED NUMBER: OC403972)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The LLP has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the LLP becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.


KEECO WELLBEING LLP (REGISTERED NUMBER: OC403972)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.



Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Functional and Presentation Currency
The company's functional and presentation currency is pounds sterling.

Going Concern
The company continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2023 - 2 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 867 1,073

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 4,986
Additions 348
At 31 January 2024 5,334
DEPRECIATION
At 1 February 2023 3,702
Charge for year 867
At 31 January 2024 4,569
NET BOOK VALUE
At 31 January 2024 765
At 31 January 2023 1,284

KEECO WELLBEING LLP (REGISTERED NUMBER: OC403972)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts due from members - 7,007
Prepayments and accrued income 396 383
396 7,390

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 4,091 4,905
Accrued expenses 1,902 3,769
5,993 8,674

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

There are no other creditors that would rank in relation to the event of a winding up.