Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activitytruetrue42023-04-01false4The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00201233 2023-04-01 2024-03-31 00201233 2022-04-01 2023-03-31 00201233 2024-03-31 00201233 2023-03-31 00201233 2022-04-01 00201233 c:Director2 2023-04-01 2024-03-31 00201233 d:Buildings 2023-04-01 2024-03-31 00201233 d:Buildings 2024-03-31 00201233 d:Buildings 2023-03-31 00201233 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00201233 d:PlantMachinery 2023-04-01 2024-03-31 00201233 d:PlantMachinery 2024-03-31 00201233 d:PlantMachinery 2023-03-31 00201233 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00201233 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00201233 d:CurrentFinancialInstruments 2024-03-31 00201233 d:CurrentFinancialInstruments 2023-03-31 00201233 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00201233 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00201233 d:ShareCapital 2024-03-31 00201233 d:ShareCapital 2023-03-31 00201233 d:RetainedEarningsAccumulatedLosses 2024-03-31 00201233 d:RetainedEarningsAccumulatedLosses 2023-03-31 00201233 c:FRS102 2023-04-01 2024-03-31 00201233 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00201233 c:FullAccounts 2023-04-01 2024-03-31 00201233 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00201233 d:OtherDeferredTax 2024-03-31 00201233 d:OtherDeferredTax 2023-03-31 00201233 6 2023-04-01 2024-03-31 00201233 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 00201233










KEETON,SONS & CO.,LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
KEETON,SONS & CO.,LIMITED
REGISTERED NUMBER: 00201233

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
775,996
800,365

Current assets
  

Debtors
 5 
294,277
291,677

Current asset investments
 6 
704,705
607,032

Cash at bank and in hand
  
201,921
175,910

  
1,200,903
1,074,619

Creditors: amounts falling due within one year
 7 
(140,003)
(126,386)

Net current assets
  
 
 
1,060,900
 
 
948,233

Total assets less current liabilities
  
1,836,896
1,748,598

Provisions for liabilities
  

Deferred tax
 8 
(50,679)
(31,321)

Net assets
  
1,786,217
1,717,277


Capital and reserves
  

Called up share capital 
  
8,480
8,480

Profit and loss account
  
1,777,737
1,708,797

  
1,786,217
1,717,277


Page 1

 
KEETON,SONS & CO.,LIMITED
REGISTERED NUMBER: 00201233
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 November 2024.




S F Doyle
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
KEETON,SONS & CO.,LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Keeton,Sons & Co., Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 00201233). Its registered office is Cedar House, 63 Napier Street, Sheffield, S11 8HA. The principal activity of the Company throughout the year continued to be that of the provision of high security storage.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
KEETON,SONS & CO.,LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The Depreciation rates used are:

Freehold property
-
2% Straight line
Plant and machinery
-
15% Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Valuation of investments

Investments in listed company shares are remeasured to market value at each Balance Sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the year.

 
2.5

Financial instruments


The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 4

 
KEETON,SONS & CO.,LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.



3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 5

 
KEETON,SONS & CO.,LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 April 2023
1,056,426
220,224
1,276,650


Additions
-
1,926
1,926


Disposals
-
(279)
(279)



At 31 March 2024

1,056,426
221,871
1,278,297



Depreciation


At 1 April 2023
315,563
160,722
476,285


Charge for the year on owned assets
17,128
9,047
26,175


Disposals
-
(159)
(159)



At 31 March 2024

332,691
169,610
502,301



Net book value



At 31 March 2024
723,735
52,261
775,996



At 31 March 2023
740,863
59,502
800,365

Page 6

 
KEETON,SONS & CO.,LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors


2024
2023
£
£



Trade debtors
10,853
11,225

Amounts owed by group undertakings
240,012
240,012

Other debtors
222
988

Prepayments and accrued income
43,190
39,452

294,277
291,677



6.


Current asset investments

2024
2023
£
£

Listed investments
704,705
607,032

704,705
607,032


The listed investments are held at market value. 


7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
42,727
38,256

Corporation tax
18,396
15,984

Other taxation and social security
6,419
4,802

Other creditors
4,093
3,571

Accruals and deferred income
68,368
63,773

140,003
126,386


Page 7

 
KEETON,SONS & CO.,LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Deferred taxation




2024
2023


£

£






At beginning of year
31,321
37,194


Charged to profit or loss
19,358
(5,873)



At end of year
50,679
31,321

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fair value movement on investments
50,679
31,321


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £5,671 (2023 - £5,671). Contributions totalling £473 (2023 - £473) were payable to the fund at the Balance Sheet date and are included in creditors.


10.


Controlling party

The ultimate controlling party of Keeton,Sons & Co.,Limited is Rostend Limited whose registered office is Cedar House, 63 Napier Street, Sheffield, S11 8HA.

 
Page 8