IRIS Accounts Production v24.2.0.383 06042265 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh060422652023-01-31060422652024-01-31060422652023-02-012024-01-31060422652022-01-31060422652022-02-012023-01-31060422652023-01-3106042265ns15:EnglandWales2023-02-012024-01-3106042265ns14:PoundSterling2023-02-012024-01-3106042265ns10:Director12023-02-012024-01-3106042265ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3106042265ns10:SmallEntities2023-02-012024-01-3106042265ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3106042265ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3106042265ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3106042265ns10:FullAccounts2023-02-012024-01-3106042265ns10:Director22023-02-012024-01-3106042265ns10:CompanySecretary12023-02-012024-01-3106042265ns10:RegisteredOffice2023-02-012024-01-3106042265ns5:CurrentFinancialInstruments2024-01-3106042265ns5:CurrentFinancialInstruments2023-01-3106042265ns5:Non-currentFinancialInstruments2024-01-3106042265ns5:Non-currentFinancialInstruments2023-01-3106042265ns5:ShareCapital2024-01-3106042265ns5:ShareCapital2023-01-3106042265ns5:RetainedEarningsAccumulatedLosses2024-01-3106042265ns5:RetainedEarningsAccumulatedLosses2023-01-3106042265ns5:PlantMachinery2023-02-012024-01-3106042265ns5:ComputerEquipment2023-02-012024-01-3106042265ns5:LandBuildings2023-01-3106042265ns5:ShortLeaseholdAssetsns5:LandBuildings2023-01-3106042265ns5:PlantMachinery2023-01-3106042265ns5:ComputerEquipment2023-01-3106042265ns5:LandBuildings2023-02-012024-01-3106042265ns5:ShortLeaseholdAssetsns5:LandBuildings2023-02-012024-01-3106042265ns5:LandBuildings2024-01-3106042265ns5:ShortLeaseholdAssetsns5:LandBuildings2024-01-3106042265ns5:PlantMachinery2024-01-3106042265ns5:ComputerEquipment2024-01-3106042265ns5:LandBuildings2023-01-3106042265ns5:ShortLeaseholdAssetsns5:LandBuildings2023-01-3106042265ns5:PlantMachinery2023-01-3106042265ns5:ComputerEquipment2023-01-3106042265ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3106042265ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31
REGISTERED NUMBER: 06042265 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

T W KEELEY LIMITED

T W KEELEY LIMITED (REGISTERED NUMBER: 06042265)






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


T W KEELEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: T W Keeley
N M Keeley





SECRETARY: N M Keeley





REGISTERED OFFICE: 30 - 34 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: 06042265 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

T W KEELEY LIMITED (REGISTERED NUMBER: 06042265)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 179,292 177,856

CURRENT ASSETS
Stocks 338,800 400,000
Debtors 5 70,462 28,770
Cash at bank and in hand 162,211 110,331
571,473 539,101
CREDITORS
Amounts falling due within one year 6 (530,406 ) (495,434 )
NET CURRENT ASSETS 41,067 43,667
TOTAL ASSETS LESS CURRENT
LIABILITIES

220,359

221,523

CREDITORS
Amounts falling due after more than one
year

7

(160,907

)

(181,718

)
NET ASSETS 59,452 39,805

CAPITAL AND RESERVES
Called up share capital 30 30
Retained earnings 59,422 39,775
SHAREHOLDERS' FUNDS 59,452 39,805

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.

T W KEELEY LIMITED (REGISTERED NUMBER: 06042265)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:





N M Keeley - Director


T W KEELEY LIMITED (REGISTERED NUMBER: 06042265)

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

1. STATUTORY INFORMATION

T W Keeley 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.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% 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.

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.

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 2 (2023 - 2 ) .

T W KEELEY LIMITED (REGISTERED NUMBER: 06042265)

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

4. TANGIBLE FIXED ASSETS
Freehold Short Plant and Computer
property leasehold machinery equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 167,346 6,591 36,397 7,386 217,720
Additions - - - 3,632 3,632
At 31 January 2024 167,346 6,591 36,397 11,018 221,352
DEPRECIATION
At 1 February 2023 - - 32,479 7,385 39,864
Charge for year - - 986 1,210 2,196
At 31 January 2024 - - 33,465 8,595 42,060
NET BOOK VALUE
At 31 January 2024 167,346 6,591 2,932 2,423 179,292
At 31 January 2023 167,346 6,591 3,918 1 177,856

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 48,799 25,885
Other debtors 21,663 2,885
70,462 28,770

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 134,678 100,741
Taxation and social security 27,750 10,385
Other creditors 367,978 384,308
530,406 495,434

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 160,907 181,718