Keegans Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04547050

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

KEEGANS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D P Innes

I D Sarchett

A S Morrison

SECRETARY:

L M R Coombs

REGISTERED OFFICE:

Studio 3

Blue Lion Place

237 Long Lane

London

SE1 4PU

REGISTERED NUMBER:

04547050

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

45,339

56,961

45,339

56,961

CURRENT ASSETS

Debtors

6

1,817,865

1,756,491

Cash at bank and in hand

75,193

58,868

1,893,058

1,815,359

CREDITORS

Amounts falling due within one year

7

1,120,713

1,125,550

NET CURRENT ASSETS

772,345

689,809

TOTAL ASSETS LESS CURRENT LIABILITIES

817,684

746,770

PROVISIONS FOR LIABILITIES

4,875

6,615

NET ASSETS

812,809

740,155

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

812,709

740,055

SHAREHOLDERS' FUNDS

812,809

740,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 10 September 2018 and were signed on its behalf by:

D P Innes - Director

1.	STATUTORY INFORMATION

Keegans Limited is a private company, limited by shares, registered in England & Wales, registration number

04547050. The registered office address is Studio 3, Blue Lion Place, 237 Long Lane, London SE1 4PU.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquistion of a business in 2006 and the transfer of the

business from Dearle Henderson Consultancy Limited in 2010. Goodwill is being amortised evenly over its

estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2017 - 56 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

209,997

AMORTISATION

At 1 April 2017

and 31 March 2018

209,997

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2017

169,304

2,300

202,093

373,697

Additions

200

-

18,438

18,638

At 31 March 2018

169,504

2,300

220,531

392,335

DEPRECIATION

At 1 April 2017

141,351

1,859

173,526

316,736

Charge for year

7,039

111

23,110

30,260

At 31 March 2018

148,390

1,970

196,636

346,996

NET BOOK VALUE

At 31 March 2018

21,114

330

23,895

45,339

At 31 March 2017

27,953

441

28,567

56,961

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

1,027,249

1,137,812

Amounts owed by group undertakings

525,162

405,155

Amounts recoverable on contract

184,547

169,047

Other debtors

80,907

44,477

1,817,865

1,756,491

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

9,560

-

Trade creditors

516,535

793,498

Amounts owed to group undertakings

345,946

-

Taxation and social security

243,507

297,987

Other creditors

5,165

34,065

1,120,713

1,125,550

8.	RELATED PARTY DISCLOSURES

ULTIMATE PARENT COMPANY

N-Able Property Services Limited owns 100% of the company's share capital.

The ultimate holding company is N-Able Holdings Limited which owns 100% of the parent company's share

capital.

The largest group of undertakings for which group accounts have been drawn up is that headed by N-Able

Holdings Limited which is registered in England and Wales.

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Related

Disclosures, not to disclose related party transactions with wholly owned subsidiaries within the group.