IRIS Accounts Production v25.1.0.734 14997609 director 12.7.23 31.7.24 31.7.24 false true false false true false Ordinary 0.0100 Ordinary A 0.0100 0.0100 0.0100 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh149976092023-07-11149976092024-07-31149976092023-07-122024-07-31149976092023-07-1114997609ns15:EnglandWales2023-07-122024-07-3114997609ns14:PoundSterling2023-07-122024-07-3114997609ns10:Director12023-07-122024-07-3114997609ns10:PrivateLimitedCompanyLtd2023-07-122024-07-3114997609ns10:SmallEntities2023-07-122024-07-3114997609ns10:AuditExempt-NoAccountantsReport2023-07-122024-07-3114997609ns10:SmallCompaniesRegimeForDirectorsReport2023-07-122024-07-3114997609ns10:SmallCompaniesRegimeForAccounts2023-07-122024-07-3114997609ns10:FullAccounts2023-07-122024-07-3114997609ns10:OrdinaryShareClass12023-07-122024-07-3114997609ns10:OrdinaryShareClass22023-07-122024-07-31149976091ns10:OrdinaryShareClass12023-07-122024-07-31149976092ns10:OrdinaryShareClass22023-07-122024-07-3114997609ns10:RegisteredOffice2023-07-122024-07-3114997609ns5:CurrentFinancialInstruments2024-07-3114997609ns5:ShareCapital2024-07-3114997609ns5:RetainedEarningsAccumulatedLosses2024-07-3114997609ns5:LeaseholdImprovements2023-07-122024-07-3114997609ns5:PlantMachinery2023-07-122024-07-3114997609ns5:FurnitureFittings2023-07-122024-07-3114997609ns5:MotorVehicles2023-07-122024-07-3114997609ns5:ComputerEquipment2023-07-122024-07-3114997609ns5:LeaseholdImprovements2024-07-3114997609ns5:PlantMachinery2024-07-3114997609ns5:FurnitureFittings2024-07-3114997609ns5:MotorVehicles2024-07-3114997609ns5:ComputerEquipment2024-07-3114997609ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3114997609ns5:DeferredTaxation2023-07-122024-07-3114997609ns5:DeferredTaxation2024-07-3114997609ns10:OrdinaryShareClass12024-07-3114997609ns10:OrdinaryShareClass22024-07-31
REGISTERED NUMBER: 14997609 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 12 JULY 2023 TO 31 JULY 2024

FOR

KEIRAN BURKE RACING LTD

KEIRAN BURKE RACING LTD (REGISTERED NUMBER: 14997609)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 12 JULY 2023 TO 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEIRAN BURKE RACING LTD

COMPANY INFORMATION
FOR THE PERIOD 12 JULY 2023 TO 31 JULY 2024







DIRECTOR: K M F Burke





REGISTERED OFFICE: 18 High West Street
Dorchester
Dorset
DT1 1UW





REGISTERED NUMBER: 14997609 (England and Wales)





ACCOUNTANTS: Pugsley Revill
18 High West Street
Dorchester
Dorset
DT1 1UW

KEIRAN BURKE RACING LTD (REGISTERED NUMBER: 14997609)

BALANCE SHEET
31 JULY 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 10,607

CURRENT ASSETS
Stocks 26,000
Debtors 5 39,316
Cash at bank 23,443
88,759
CREDITORS
Amounts falling due within one year 6 94,425
NET CURRENT LIABILITIES (5,666 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,941

PROVISIONS FOR LIABILITIES 7 1,224
NET ASSETS 3,717

CAPITAL AND RESERVES
Called up share capital 8 1
Retained earnings 3,716
SHAREHOLDERS' FUNDS 3,717

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KEIRAN BURKE RACING LTD (REGISTERED NUMBER: 14997609)

BALANCE SHEET - continued
31 JULY 2024


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 director and authorised for issue on 3 April 2025 and were signed by:





K M F Burke - Director


KEIRAN BURKE RACING LTD (REGISTERED NUMBER: 14997609)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 12 JULY 2023 TO 31 JULY 2024

1. STATUTORY INFORMATION

Keiran Burke Racing Ltd 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 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.
Fences, hurdles and wings - 15% on reducing balance
Plant and equipment - 15% on reducing balance
Saddlles, bridles and tack - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

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

Taxation
Taxation for the period 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.

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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

KEIRAN BURKE RACING LTD (REGISTERED NUMBER: 14997609)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 12 JULY 2023 TO 31 JULY 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 11 .

4. TANGIBLE FIXED ASSETS
Fences, Saddlles,
hurdles Plant and bridles
and wings equipment and tack
£    £    £   
COST
Additions 3,000 243 5,000
At 31 July 2024 3,000 243 5,000
DEPRECIATION
Charge for period 450 36 750
At 31 July 2024 450 36 750
NET BOOK VALUE
At 31 July 2024 2,550 207 4,250

Motor Office
vehicles equipment Totals
£    £    £   
COST
Additions 4,000 800 13,043
At 31 July 2024 4,000 800 13,043
DEPRECIATION
Charge for period 1,000 200 2,436
At 31 July 2024 1,000 200 2,436
NET BOOK VALUE
At 31 July 2024 3,000 600 10,607

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 33,643
Other debtors 5,673
39,316

KEIRAN BURKE RACING LTD (REGISTERED NUMBER: 14997609)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 12 JULY 2023 TO 31 JULY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 16,672
Taxation and social security 21,059
Other creditors 56,694
94,425

7. PROVISIONS FOR LIABILITIES
£   
Deferred tax 1,224

Deferred
tax
£   
Charge to Statement of Income and Retained Earnings during period 1,224
Balance at 31 July 2024 1,224

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
250 Ordinary £0.00 1 1
25 Ordinary A 0.001 -
1

The following shares were allotted and fully paid for cash at par during the period:

250 Ordinary shares of £0.001 each
25 Ordinary A shares of 0.001 each