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REGISTERED NUMBER: 04993800 (England and Wales)






KEELEY ANN'S LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






KEELEY ANN'S LIMITED (REGISTERED NUMBER: 04993800)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2024




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 2024







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 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,526 1,772
3,526 1,772

CURRENT ASSETS
Stocks 56,281 59,009
Debtors 6 155,807 162,145
Cash at bank and in hand 14,362 30,591
226,450 251,745
CREDITORS
Amounts falling due within one year 7 45,489 60,239
NET CURRENT ASSETS 180,961 191,506
TOTAL ASSETS LESS CURRENT
LIABILITIES

184,487

193,278

CREDITORS
Amounts falling due after more than one
year

8

(12,834

)

(19,833

)

PROVISIONS FOR LIABILITIES (670 ) (372 )
NET ASSETS 170,983 173,073

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 170,981 173,071
SHAREHOLDERS' FUNDS 170,983 173,073

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 2024


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 24 October 2024 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 2024

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

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 2024

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 5 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 165,126
AMORTISATION
At 1 February 2023
and 31 January 2024 165,126
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

KEELEY ANN'S LIMITED (REGISTERED NUMBER: 04993800)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023 5,936 23,259 19,644 48,839
Additions - - 2,692 2,692
At 31 January 2024 5,936 23,259 22,336 51,531
DEPRECIATION
At 1 February 2023 5,936 21,487 19,644 47,067
Charge for year - 265 673 938
At 31 January 2024 5,936 21,752 20,317 48,005
NET BOOK VALUE
At 31 January 2024 - 1,507 2,019 3,526
At 31 January 2023 - 1,772 - 1,772

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Interest on pawnbroking debt 33,060 32,769
Cash out on loan 112,508 113,459
VAT 168 198
Prepayments 10,071 15,719
155,807 162,145

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans and overdrafts 7,000 7,007
Trade creditors (694 ) (1,858 )
Corporation tax payable 29,216 37,290
Social security and other
taxes (1,390 ) 3,117
Other creditors 3,759 4,640
Directors' loan accounts 3,273 5,703
Sundry creditors and accruals 4,325 4,340
45,489 60,239

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/24 31/1/23
£    £   
Bank loans - 1-2 years 7,000 7,000
Bank loans - 2-5 years 5,834 12,833
12,834 19,833

KEELEY ANN'S LIMITED (REGISTERED NUMBER: 04993800)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

31/1/24 31/1/23
£    £   
Bank loans 19,834 26,833

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 31/1/24 31/1/23
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 2024 and 31 January 2023:

31/1/24 31/1/23
£    £   
S H Smith and Mrs W Smith
Balance outstanding at start of year (5,703 ) (447 )
Amounts advanced 80,521 103,518
Amounts repaid (78,091 ) (108,774 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,273 ) (5,703 )

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