Company Registration No. 02568983 (England)
Keerok Ltd.
Unaudited accounts
for the year ended 31 December 2019
Keerok Ltd.
Unaudited accounts
Contents
Keerok Ltd.
Company Information
for the year ended 31 December 2019
Directors
P Cairns
A Flanagan
Company Number
02568983 (England)
Registered Office
28 West Avenue
Derby
DE1 3HR
Accountants
CMM Accountancy (Inverness) Limited
The Green House
Beechwood Business Park North
Inverness
IV2 3BL
Keerok Ltd.
Statement of financial position
as at 31 December 2019
Tangible assets
224,815
231,807
Cash at bank and in hand
43,060
44,126
Creditors: amounts falling due within one year
(84,651)
(97,104)
Net current liabilities
(39,748)
(45,795)
Total assets less current liabilities
185,067
186,012
Provisions for liabilities
Deferred tax
(4,807)
(5,362)
Net assets
180,260
180,650
Called up share capital
10,002
10,002
Share premium
149,997
149,997
Profit and loss account
20,261
20,651
Shareholders' funds
180,260
180,650
For the year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2020 and were signed on its behalf by
A Flanagan
Director
Company Registration No. 02568983
Keerok Ltd.
Notes to the Accounts
for the year ended 31 December 2019
Keerok Ltd. is a private company, limited by shares, registered in England, registration number 02568983. The registered office is 28 West Avenue, Derby, DE1 3HR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% per annum reducing balance
Plant & machinery
25% per annum straight line
Motor vehicles
25% per annum reducing balance
Fixtures & fittings
12.5% per annum straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Keerok Ltd.
Notes to the Accounts
for the year ended 31 December 2019
4
Tangible fixed assets
Total
At 31 December 2019
506,879
Charge for the year
11,472
At 31 December 2019
282,064
At 31 December 2019
224,815
At 31 December 2018
231,807
5
Average number of employees
During the year the average number of employees was 0 (2018: 0).
