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REGISTERED NUMBER: 01232542 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Alan Keef Limited

Alan Keef Limited (Registered number: 01232542)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Alan Keef Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mrs A E Basey
P M Keef
A M Keef





SECRETARY: Mrs A E Basey





REGISTERED OFFICE: Lea
Ross On Wye
Herefordshire
HR9 7LQ





REGISTERED NUMBER: 01232542 (England and Wales)





ACCOUNTANTS: R J Francis & Co
Suites 1 & 2
Marshall Business Centre
Faraday Road
Hereford
Herefordshire
HR4 9NS

Alan Keef Limited (Registered number: 01232542)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 100,293 118,795

CURRENT ASSETS
Stocks 153,869 133,885
Debtors 5 516,015 507,530
Cash at bank and in hand 532 17,173
670,416 658,588
CREDITORS
Amounts falling due within one year 6 566,226 530,863
NET CURRENT ASSETS 104,190 127,725
TOTAL ASSETS LESS CURRENT LIABILITIES 204,483 246,520

CREDITORS
Amounts falling due after more than one
year

7

9,547

30,417
NET ASSETS 194,936 216,103

CAPITAL AND RESERVES
Called up share capital 16,000 16,000
Retained earnings 178,936 200,103
194,936 216,103

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

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

Alan Keef Limited (Registered number: 01232542)

Balance Sheet - continued
30 November 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 26 June 2025 and were signed on its behalf by:





P M Keef - Director


Alan Keef Limited (Registered number: 01232542)

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

1. STATUTORY INFORMATION

Alan Keef 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance and 5% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

The carrying values of tangible fixed assets are reviewed for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.


Alan Keef Limited (Registered number: 01232542)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 19 (2023 - 19 ) .

Alan Keef Limited (Registered number: 01232542)

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

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 45,882 219,027 69,204 10,978 345,091
Additions - 2,950 - 359 3,309
At 30 November 2024 45,882 221,977 69,204 11,337 348,400
DEPRECIATION
At 1 December 2023 34,909 150,844 31,695 8,848 226,296
Charge for year 1,646 10,226 9,376 563 21,811
At 30 November 2024 36,555 161,070 41,071 9,411 248,107
NET BOOK VALUE
At 30 November 2024 9,327 60,907 28,133 1,926 100,293
At 30 November 2023 10,973 68,183 37,509 2,130 118,795

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2023
and 30 November 2024 40,349
DEPRECIATION
At 1 December 2023 8,406
Charge for year 7,986
At 30 November 2024 16,392
NET BOOK VALUE
At 30 November 2024 23,957
At 30 November 2023 31,943

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 335,334 329,593
Amounts recoverable on contract 38,500 107,500
Other debtors 142,181 70,437
516,015 507,530

Alan Keef Limited (Registered number: 01232542)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 154,310 119,928
Hire purchase contracts (see note 8) 10,870 9,829
Trade creditors 140,615 99,420
Taxation and social security 89,076 29,951
Other creditors 171,355 271,735
566,226 530,863

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 6,667 16,667
Hire purchase contracts (see note 8) 2,880 13,750
9,547 30,417

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 10,870 9,829
Between one and five years 2,880 13,750
13,750 23,579

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 144,310 109,928
Bank loans 16,667 26,667
Hire purchase contracts 13,750 23,579
174,727 160,174

The bank loans and overdraft are secured by a debenture over all of the company's assets, the land at Lea Line and directors' personal guarantees.

10. RELATED PARTY DISCLOSURES

The company paid rent of £29,640 (2023: £29,640) to a director.

During the year directors held directors' loan accounts with the company. At the year end, the company owed the directors £63,415 (2023: £NIL). The loans are interest free and repayable on demand.