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REGISTERED NUMBER: 00157836 (England and Wales)



































Financial Statements

for the Year Ended 30 September 2024

for

S. Keeling & Company, Limited

S. Keeling & Company, Limited (Registered number: 00157836)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S. Keeling & Company, Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: S Keeling
D S Keeling





SECRETARY: S Keeling





REGISTERED OFFICE: Forge Lane
Etruria
Stoke-on-Trent
Staffordshire
ST1 5PB





REGISTERED NUMBER: 00157836 (England and Wales)





ACCOUNTANTS: Paterson Brodie Limited
Chartered Certified Accountants
Cliveden Chambers
Cliveden Place
Longton
Stoke-on-Trent
Staffordshire
ST3 4JB

S. Keeling & Company, Limited (Registered number: 00157836)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 272,434 287,946
272,434 287,946

CURRENT ASSETS
Stocks 150,000 163,000
Debtors 6 104,781 88,595
Cash at bank and in hand 173,458 238,109
428,239 489,704
CREDITORS
Amounts falling due within one year 7 163,878 199,079
NET CURRENT ASSETS 264,361 290,625
TOTAL ASSETS LESS CURRENT
LIABILITIES

536,795

578,571

PROVISIONS FOR LIABILITIES 8 32,407 35,174
NET ASSETS 504,388 543,397

CAPITAL AND RESERVES
Called up share capital 9 20,000 20,000
Retained earnings 10 484,388 523,397
SHAREHOLDERS' FUNDS 504,388 543,397

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

S. Keeling & Company, Limited (Registered number: 00157836)

Balance Sheet - continued
30 September 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 28 May 2025 and were signed on its behalf by:





D S Keeling - Director


S. Keeling & Company, Limited (Registered number: 00157836)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

S. Keeling & Company, 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.

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.
Freehold property - 2% on cost
Improvements to property - 2% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Petrol pumps - 10% on reducing balance

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.

S. Keeling & Company, Limited (Registered number: 00157836)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 1,600
AMORTISATION
At 1 October 2023
and 30 September 2024 1,600
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 October 2023 158,551 32,550 389,190
Additions - - 19,862
At 30 September 2024 158,551 32,550 409,052
DEPRECIATION
At 1 October 2023 47,565 6,604 348,519
Charge for year 3,171 651 6,053
At 30 September 2024 50,736 7,255 354,572
NET BOOK VALUE
At 30 September 2024 107,815 25,295 54,480
At 30 September 2023 110,986 25,946 40,671

S. Keeling & Company, Limited (Registered number: 00157836)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Petrol
fittings vehicles pumps Totals
£    £    £    £   
COST
At 1 October 2023 55,932 206,165 650 843,038
Additions 574 - - 20,436
At 30 September 2024 56,506 206,165 650 863,474
DEPRECIATION
At 1 October 2023 45,527 106,297 580 555,092
Charge for year 1,098 24,968 7 35,948
At 30 September 2024 46,625 131,265 587 591,040
NET BOOK VALUE
At 30 September 2024 9,881 74,900 63 272,434
At 30 September 2023 10,405 99,868 70 287,946

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 92,620 77,143
Prepayments 12,161 11,452
104,781 88,595

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 70,153 90,617
Tax 4,362 2,095
Social security and other taxes 30,411 19,695
Other creditors 609 913
Directors' current accounts 22,743 18,929
Accrued expenses 35,600 66,830
163,878 199,079

8. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 32,407 35,174

S. Keeling & Company, Limited (Registered number: 00157836)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2023 35,174
Provided during year (2,767 )
Balance at 30 September 2024 32,407

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
10,000 "A" Ordinary £1 10,000 10,000
10,000 "B" Ordinary £1 10,000 10,000
20,000 20,000

10. RESERVES
Retained
earnings
£   

At 1 October 2023 523,397
Profit for the year 5,850
Dividends (44,859 )
At 30 September 2024 484,388

11. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. Contributions payable to the scheme are charged to the profit and loss account in the period to which they relate. The charge for the year was £6,352 (2023 - £6,938).