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REGISTERED NUMBER: 04993800 (England and Wales)






KEELEY ANN'S LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023






KEELEY ANN'S LIMITED (REGISTERED NUMBER: 04993800)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEELEY ANN'S LIMITED

COMPANY INFORMATION
for the year ended 31 January 2023







DIRECTORS: S H Smith
Mrs W Smith





REGISTERED OFFICE: 299 Kitts Green Road
Kitts Green
Birmingham
West Midlands
B33 0EH





REGISTERED NUMBER: 04993800 (England and Wales)





ACCOUNTANTS: Weatherer Bailey Bragg
Chartered Accountants
100 Boldmere Road
Sutton Coldfield
West Midlands
B73 5UB

KEELEY ANN'S LIMITED (REGISTERED NUMBER: 04993800)

BALANCE SHEET
31 January 2023

31/1/23 31/1/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,772 2,086
1,772 2,086

CURRENT ASSETS
Stocks 59,009 24,431
Debtors 6 162,145 175,620
Cash at bank and in hand 30,591 61,471
251,745 261,522
CREDITORS
Amounts falling due within one year 7 60,239 51,660
NET CURRENT ASSETS 191,506 209,862
TOTAL ASSETS LESS CURRENT
LIABILITIES

193,278

211,948

CREDITORS
Amounts falling due after more than one
year

8

(19,833

)

(26,833

)

PROVISIONS FOR LIABILITIES (372 ) (396 )
NET ASSETS 173,073 184,719

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 173,071 184,717
SHAREHOLDERS' FUNDS 173,073 184,719

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

KEELEY ANN'S LIMITED (REGISTERED NUMBER: 04993800)

BALANCE SHEET - continued
31 January 2023


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 Board of Directors and authorised for issue on 6 October 2023 and were signed on its behalf by:





S H Smith - Director


KEELEY ANN'S LIMITED (REGISTERED NUMBER: 04993800)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2023

1. STATUTORY INFORMATION

Keeley Ann's 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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, net of
discounts and value added taxes. Turnover includes revenue earned from the sale of
goods and from the rendering of pawnbroking services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, 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.
Improvements to property - 20% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

Government grants
Government grants are recognised using the accruals model, at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.

Government grant income relating to the interest on the bounce back loan scheme has been recognised in the income statement in the period to which it relates.

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 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.


KEELEY ANN'S LIMITED (REGISTERED NUMBER: 04993800)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2023

2. ACCOUNTING POLICIES - continued
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.

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 year was 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 165,126
AMORTISATION
At 1 February 2022
and 31 January 2023 165,126
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

KEELEY ANN'S LIMITED (REGISTERED NUMBER: 04993800)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 February 2022
and 31 January 2023 5,936 23,259 19,644 48,839
DEPRECIATION
At 1 February 2022 5,936 21,173 19,644 46,753
Charge for year - 314 - 314
At 31 January 2023 5,936 21,487 19,644 47,067
NET BOOK VALUE
At 31 January 2023 - 1,772 - 1,772
At 31 January 2022 - 2,086 - 2,086

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Interest on pawnbroking debt 32,769 35,523
Cash out on loan 113,459 124,041
VAT 198 220
Prepayments 15,719 15,836
162,145 175,620

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Bank loans and overdrafts 7,007 7,000
Trade creditors (1,858 ) 1,346
Corporation tax payable 37,290 32,081
Social security and other
taxes 3,117 5,522
Other creditors 4,640 314
Directors' loan accounts 5,703 447
Sundry creditors and accruals 4,340 4,950
60,239 51,660

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/23 31/1/22
£    £   
Bank loans - 1-2 years 7,000 7,000
Bank loans - 2-5 years 12,833 19,833
19,833 26,833

KEELEY ANN'S LIMITED (REGISTERED NUMBER: 04993800)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

31/1/23 31/1/22
£    £   
Bank loans 26,833 33,833

The UK Government has provided a guarantee for the bounce back loan should the company default on repayment.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/1/23 31/1/22
value: £    £   
2 Ordinary £1 2 2

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

31/1/23 31/1/22
£    £   
S H Smith and Mrs W Smith
Balance outstanding at start of year (447 ) (2,320 )
Amounts advanced 103,518 79,446
Amounts repaid (108,774 ) (77,573 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,703 ) (447 )

No interest is charged on directors loans. Amounts are repayable on demand.