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REGISTERED NUMBER: 04390026 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

KEELAGHER OKEY ASSOCIATES LTD

KEELAGHER OKEY ASSOCIATES LTD (REGISTERED NUMBER: 04390026)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


KEELAGHER OKEY ASSOCIATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr J Okey





SECRETARY: Mrs L Okey





REGISTERED OFFICE: 26 Museum Street
Warrington
Cheshire
WA1 1HU





REGISTERED NUMBER: 04390026 (England and Wales)





ACCOUNTANTS: Livesey Spottiswood Ltd
Chartered Accountants
17 George Street
St Helens
Merseyside
WA10 1DB

KEELAGHER OKEY ASSOCIATES LTD (REGISTERED NUMBER: 04390026)

ABRIDGED BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,755 10,251
10,755 10,251

CURRENT ASSETS
Stocks 179,410 208,261
Debtors 420,932 378,731
Cash at bank and in hand 104,862 104,241
705,204 691,233
CREDITORS
Amounts falling due within one year (237,381 ) (255,264 )
NET CURRENT ASSETS 467,823 435,969
TOTAL ASSETS LESS CURRENT
LIABILITIES

478,578

446,220

PROVISIONS FOR LIABILITIES (2,700 ) (2,330 )
NET ASSETS 475,878 443,890

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 475,778 443,790
SHAREHOLDERS' FUNDS 475,878 443,890

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

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

KEELAGHER OKEY ASSOCIATES LTD (REGISTERED NUMBER: 04390026)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 4 June 2024 and were signed by:





Mr J Okey - Director


KEELAGHER OKEY ASSOCIATES LTD (REGISTERED NUMBER: 04390026)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Keelagher Okey Associates 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.

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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover from the work undertaken in surveying is recognised by reference to the stage of completion of the transaction at the balance sheet date, the amount of turnover can be measured reliably, it is probable the economic benefits associated with the transaction will flow to the company and the costs incurred in respect of the transaction can be measured reliably.

Goodwill
Goodwill is amortised evenly over its estimate useful life.

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 cost
Computer equipment - 25% on cost

Work in progress
Work in progress is comprised of costs incurred but not yet billed at the balance sheet date, after making allowances for any future anticipated losses.

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 that have been enacted or substantively enacted by the balance sheet date.

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 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.

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.

KEELAGHER OKEY ASSOCIATES LTD (REGISTERED NUMBER: 04390026)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 149,550
AMORTISATION
At 1 April 2023
and 31 March 2024 149,550
NET BOOK VALUE

At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 95,842
Additions 7,796
At 31 March 2024 103,638
DEPRECIATION
At 1 April 2023 85,591
Charge for year 7,292
At 31 March 2024 92,883
NET BOOK VALUE
At 31 March 2024 10,755
At 31 March 2023 10,251

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 509 491
Between one and five years 2,275 3,891
2,784 4,382

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

KEELAGHER OKEY ASSOCIATES LTD (REGISTERED NUMBER: 04390026)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr J Okey
Balance outstanding at start of year 13,000 -
Amounts advanced 70,490 13,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 83,490 13,000

Where appropriate, interest has been charged at the standard rate set by HM Revenue & Customs.