3 false false false false false false false false false false true false false false false false false No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 3,569 3,569 3,569 xbrli:pure xbrli:shares iso4217:GBP 06341016 2023-09-01 2024-08-31 06341016 2024-08-31 06341016 2023-08-31 06341016 2022-09-01 2023-08-31 06341016 2023-08-31 06341016 2022-08-31 06341016 core:LandBuildings core:LongLeaseholdAssets 2023-09-01 2024-08-31 06341016 core:FurnitureFittings 2023-09-01 2024-08-31 06341016 bus:Director1 2023-09-01 2024-08-31 06341016 core:FurnitureFittings 2023-08-31 06341016 core:FurnitureFittings 2024-08-31 06341016 core:PatentsTrademarksLicencesConcessionsSimilar 2023-09-01 2024-08-31 06341016 core:WithinOneYear 2024-08-31 06341016 core:WithinOneYear 2023-08-31 06341016 core:ShareCapital 2024-08-31 06341016 core:ShareCapital 2023-08-31 06341016 core:RetainedEarningsAccumulatedLosses 2024-08-31 06341016 core:RetainedEarningsAccumulatedLosses 2023-08-31 06341016 core:PatentsTrademarksLicencesConcessionsSimilar 2024-08-31 06341016 core:AcceleratedTaxDepreciationDeferredTax 2024-08-31 06341016 core:AcceleratedTaxDepreciationDeferredTax 2023-08-31 06341016 core:FurnitureFittings 2023-08-31 06341016 bus:SmallEntities 2023-09-01 2024-08-31 06341016 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 06341016 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 06341016 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 06341016 bus:FullAccounts 2023-09-01 2024-08-31 06341016 core:ComputerEquipment 2023-09-01 2024-08-31 06341016 core:ComputerEquipment 2023-08-31 06341016 core:ComputerEquipment 2024-08-31
COMPANY REGISTRATION NUMBER: 06341016
Keep Calm Limited
Filleted Unaudited Financial Statements
For the year ended
31 August 2024
Keep Calm Limited
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
3,569
Tangible assets
6
7,133
5,626
--------
-------
10,702
5,626
Current assets
Stocks
57,190
50,860
Debtors
7
31,972
21,367
Cash at bank and in hand
134,810
115,851
---------
---------
223,972
188,078
Creditors: amounts falling due within one year
8
55,409
26,348
---------
---------
Net current assets
168,563
161,730
---------
---------
Total assets less current liabilities
179,265
167,356
Provisions
Deferred taxation
1,784
1,407
---------
---------
Net assets
177,481
165,949
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
177,381
165,849
---------
---------
Shareholders funds
177,481
165,949
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Keep Calm Limited
Statement of Financial Position (continued)
31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 7 February 2025 , and are signed on behalf of the board by:
L A Lepola
Director
Company registration number: 06341016
Keep Calm Limited
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Potton House, Wyboston Lakes, Great North Road, Wyboston, Bedford, MK44 3BZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, stated net of discounts and of value added tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, this is when goods have been despatched. Revenue from services rendered is recognised by reference to the stage of completion at the reporting date and only to the extent that the associated expenses are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold improvements
-
25% straight line
Fixtures and fittings
-
25% reducing balance
Computer equipment
-
33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Pension contributions
Contributions to defined contribution pension plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 5 ).
5. Intangible assets
Patents, trademarks and licences
£
Cost
Additions
3,569
-------
At 31 August 2024
3,569
-------
Amortisation
At 1 September 2023 and 31 August 2024
-------
Carrying amount
At 31 August 2024
3,569
-------
At 31 August 2023
-------
6. Tangible assets
Fixtures and fittings
Computer equipment
Total
£
£
£
Cost
At 1 September 2023
9,341
10,920
20,261
Additions
2,405
1,499
3,904
Disposals
( 1,034)
( 2,521)
( 3,555)
--------
--------
--------
At 31 August 2024
10,712
9,898
20,610
--------
--------
--------
Depreciation
At 1 September 2023
4,878
9,757
14,635
Charge for the year
1,474
436
1,910
Disposals
( 959)
( 2,109)
( 3,068)
--------
--------
--------
At 31 August 2024
5,393
8,084
13,477
--------
--------
--------
Carrying amount
At 31 August 2024
5,319
1,814
7,133
--------
--------
--------
At 31 August 2023
4,463
1,163
5,626
--------
--------
--------
7. Debtors
2024
2023
£
£
Trade debtors
7,709
114
Other debtors
24,263
21,253
--------
--------
31,972
21,367
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
6,902
9,423
Social security and other taxes
29,632
11,466
Other creditors
18,875
5,459
--------
--------
55,409
26,348
--------
--------
9. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2024
2023
£
£
Included in provisions
1,784
1,407
-------
-------
The deferred tax account consists of the tax effect of timing differences in respect of:
2024
2023
£
£
Accelerated capital allowances
1,783
1,407
-------
-------