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REGISTERED NUMBER: 02104937 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 October 2024

for

L.G. Keeley (Life & Pensions) Limited

L.G. Keeley (Life & Pensions) Limited (Registered number: 02104937)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


L.G. Keeley (Life & Pensions) Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Ms D A Byrne
Mrs L Keeley-Johnson





SECRETARY: Ms D A Byrne





REGISTERED OFFICE: 6 St Paul's Terrace
Off Northwood Street
Birmingham
B3 1TH





REGISTERED NUMBER: 02104937 (England and Wales)





ACCOUNTANTS: Attwoods
Chartered Certified Accountants
182 Worcester Road
Bromsgrove
Worcestershire
B61 7AZ

L.G. Keeley (Life & Pensions) Limited (Registered number: 02104937)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 262,500 300,000
Tangible assets 5 24,926 38,633
Investments 6 256,499 214,025
543,925 552,658

CURRENT ASSETS
Debtors 7 23,494 25,588
Cash at bank and in hand 537,491 386,912
560,985 412,500
CREDITORS
Amounts falling due within one year 8 251,658 231,494
NET CURRENT ASSETS 309,327 181,006
TOTAL ASSETS LESS CURRENT
LIABILITIES

853,252

733,664

CREDITORS
Amounts falling due after more than one
year

9

(150,000

)

(100,000

)

PROVISIONS FOR LIABILITIES (11,455 ) (10,084 )
NET ASSETS 691,797 623,580

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Revaluation reserve 10 15,670 1,278
Retained earnings 671,127 617,302
SHAREHOLDERS' FUNDS 691,797 623,580

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

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

L.G. Keeley (Life & Pensions) Limited (Registered number: 02104937)

Balance Sheet - continued
31 October 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 31 March 2025 and were signed on its behalf by:





Mrs L Keeley-Johnson - Director


L.G. Keeley (Life & Pensions) Limited (Registered number: 02104937)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

L.G. Keeley (Life & Pensions) 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, 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.
Plant and machinery etc - 50% on cost, 25% on cost and 10% on cost

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.

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.

L.G. Keeley (Life & Pensions) Limited (Registered number: 02104937)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 375,000
AMORTISATION
At 1 November 2023 75,000
Charge for year 37,500
At 31 October 2024 112,500
NET BOOK VALUE
At 31 October 2024 262,500
At 31 October 2023 300,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 76,619
Additions 4,214
At 31 October 2024 80,833
DEPRECIATION
At 1 November 2023 37,986
Charge for year 17,921
At 31 October 2024 55,907
NET BOOK VALUE
At 31 October 2024 24,926
At 31 October 2023 38,633

L.G. Keeley (Life & Pensions) Limited (Registered number: 02104937)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 November 2023 214,025
Additions 182,893
Disposals (159,608 )
Revaluations 19,189
At 31 October 2024 256,499
NET BOOK VALUE
At 31 October 2024 256,499
At 31 October 2023 214,025

Cost or valuation at 31 October 2024 is represented by:

Other
investments
£   
Valuation in 2023 1,704
Valuation in 2024 19,189
Cost 235,606
256,499

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 23,494 25,588

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Taxation and social security 73,946 46,449
Other creditors 177,712 185,045
251,658 231,494

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Other creditors 150,000 100,000

L.G. Keeley (Life & Pensions) Limited (Registered number: 02104937)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

10. RESERVES
Revaluation
reserve
£   
At 1 November 2023 1,278
Revaluations 19,189
Deferred tax (4,797 )

At 31 October 2024 15,670