Registered number
10931521
KEIR TRAINING & RECRUITMENT LTD
Report and Accounts
31 August 2024
WILLBA & CO
Professional Accountants & Consultants
4th Floor City Gate House
246 – 250 Romford Road
Forest Gate
London E7 9HZ
KEIR TRAINING & RECRUITMENT LTD
Company Information
Directors
KEZIAH AMPOFO
Accountants
WILLBA & CO
4th FLOOR CITY GATE HOUSE
246 – 250 Romford Road
Forest Gate
London
E7 9HZ
Registered office
712 London Road
Grays
RM20 3JT
Registered number
10931521
KEIR TRAINING & RECRUITMENT LTD
Registered number: 10931521
Directors' Report
The directors present their report and accounts for the year ended 31 August 2024.
Principal activities
The company's principal activity during the year continued to be Training And Recruitment.
Directors
The following persons served as directors during the year:
KEZIAH AMPOFO
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 20 February 2025 and signed on its behalf.
KEZIAH AMPOFO
Director
KEIR TRAINING & RECRUITMENT LTD
Accountants' Report
Accountants' report to the directors of
KEIR TRAINING & RECRUITMENT LTD
You consider that the company is exempt from an audit for the year ended 31 August 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
WILLBA & CO
Professional Accountants & Consultants
4th FLOOR CITY GATE HOUSE
246 – 250 Romford Road
Forest Gate
London
E7 9HZ
20 February 2025
KEIR TRAINING & RECRUITMENT LTD
Profit and Loss Account
for the year ended 31 August 2024
2024 2023
£ £
Turnover 1,600,155 1,992,909
Cost of sales (1,018,737) (1,358,568)
Gross profit 581,418 634,341
Administrative expenses (513,203) (517,810)
Operating profit 68,215 116,531
Interest receivable 84 29
Interest payable (2,217) -
Profit before taxation 66,082 116,560
Tax on profit (16,543) (24,551)
Profit for the financial year 49,539 92,009
KEIR TRAINING & RECRUITMENT LTD
Registered number: 10931521
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 81,177 19,337
Current assets
Debtors 4 113,364 -
Cash at bank and in hand 316,434 418,856
429,798 418,856
Creditors: amounts falling due within one year 5 (69,967) (117,397)
Net current assets 359,831 301,459
Total assets less current liabilities 441,008 320,796
Creditors: amounts falling due after more than one year 6 (88,726) (18,053)
Net assets 352,282 302,743
Capital and reserves
Called up share capital 1 1
Profit and loss account 352,281 302,742
Shareholders' funds 352,282 302,743
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
KEZIAH AMPOFO
Director
Approved by the board on 20 February 2025
KEIR TRAINING & RECRUITMENT LTD
Statement of Changes in Equity
for the year ended 31 August 2024
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 September 2022 1 - - 210,733 210,734
Profit for the financial year 92,009 92,009
At 31 August 2023 1 - - 302,742 302,743
At 1 September 2023 1 - - 302,742 302,743
Profit for the financial year 49,539 49,539
At 31 August 2024 1 - - 352,281 352,282
KEIR TRAINING & RECRUITMENT LTD
Notes to the Accounts
for the year ended 31 August 2024
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 14 17
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2023 28,975 - 28,975
Additions - 99,962 99,962
Disposals - 62,183 62,183
At 31 August 2024 28,975 162,145 191,120
Depreciation
At 1 September 2023 21,973 - 21,973
Charge for the year 5,795 19,992 25,787
On disposals - 62,183 62,183
At 31 August 2024 27,768 82,175 109,943
Net book value
At 31 August 2024 1,207 79,970 81,177
At 31 August 2023 7,002 - 7,002
4 Debtors 2024 2023
£ £
Trade debtors 113,364 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 44,231
Taxation and social security costs 59,175 24,551
Other creditors 10,792 48,615
69,967 117,397
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 2,287 18,053
Obligations under finance lease and hire purchase contracts 86,439 -
88,726 18,053
7 Other information
KEIR TRAINING & RECRUITMENT LTD is a private company limited by shares and incorporated in England. Its registered office is:
712 London Road
Grays
RM20 3JT
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