Keith Taylor Consulting Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 11445831 (England and Wales)

Unaudited Financial Statements

for the Year Ended 5 April 2022

for

Keith Taylor Consulting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K D Taylor

SECRETARY:

Mrs N M Taylor

REGISTERED OFFICE:

39 Station Road

Liphook

Hampshire

GU30 7DW

REGISTERED NUMBER:

11445831 (England and Wales)

ACCOUNTANTS:

Tropman & Co Limited

39 Station Road

Liphook

Hampshire

GU30 7DW

FIXED ASSETS

Tangible assets

4

18,462

24,517

CURRENT ASSETS

Debtors

5

10,939

7,576

Cash at bank

2,125

333

13,064

7,909

CREDITORS

Amounts falling due within one year

6

25,017

22,869

NET CURRENT LIABILITIES

(11,953

)

(14,960

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,509

9,557

CREDITORS

Amounts falling due after more than one year

7

19,952

25,579

NET LIABILITIES

(13,443

)

(16,022

)

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

8

(13,453

)

(16,032

)

SHAREHOLDERS' FUNDS

(13,443

)

(16,022

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2022 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 December 2022 and were signed by:

K D Taylor - Director

1.	STATUTORY INFORMATION

Keith Taylor Consulting Limited 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 6 April 2021

and 5 April 2022

42,490

2,510

45,000

DEPRECIATION

At 6 April 2021

19,464

1,019

20,483

Charge for year

5,757

298

6,055

At 5 April 2022

25,221

1,317

26,538

NET BOOK VALUE

At 5 April 2022

17,269

1,193

18,462

At 5 April 2021

23,026

1,491

24,517

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 6 April 2021

and 5 April 2022

42,490

DEPRECIATION

At 6 April 2021

19,464

Charge for year

5,757

At 5 April 2022

25,221

NET BOOK VALUE

At 5 April 2022

17,269

At 5 April 2021

23,026

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.22

5.4.21

£

£

Trade debtors

9,136

7,576

Prepayments

1,803

-

10,939

7,576

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.22

5.4.21

£

£

Hire purchase contracts

5,627

5,627

Tax

13,158

14,314

Social security and other taxes

395

342

Other creditors

3,170

-

Directors' current accounts

1,167

1,086

Accrued expenses

1,500

1,500

25,017

22,869

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

5.4.22

5.4.21

£

£

Hire purchase contracts

19,952

25,579

8.

RESERVES

Retained

earnings

£

At 6 April 2021

(16,032

)

Profit for the year

48,579

Dividends

(46,000

)

At 5 April 2022

(13,453

)

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 5 April 2022 and 5 April 2021:

5.4.22

5.4.21

£

£

K D Taylor

Balance outstanding at start of year

-

7,757

Amounts repaid

-

(7,757

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The above amount due to the company by the company director as at 5th April 2020 was repaid in full within nine months of the period end.