Registered number
04692192
Keeley Windows Ltd
Filleted Accounts
31 March 2025
Keeley Windows Ltd
Registered number: 04692192
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 30,000 30,000
Tangible assets 4 5,196 6,775
35,196 36,775
Current assets
Stocks 15,934 14,133
Debtors 5 47,659 39,246
Cash at bank and in hand 208,236 227,146
271,829 280,525
Creditors: amounts falling due within one year 6 (260,117) (252,925)
Net current assets 11,712 27,600
Total assets less current liabilities 46,908 64,375
Provisions for liabilities (987) (1,287)
Net assets 45,921 63,088
Capital and reserves
Called up share capital 100 100
Profit and loss account 45,821 62,988
Shareholder's funds 45,921 63,088
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T G Keeley
Director
Approved by the board on 5 August 2025
Keeley Windows Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings 10% reducing balance
Equipment 20% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 30,000
At 31 March 2025 30,000
Amortisation
At 31 March 2025 -
Net book value
At 31 March 2025 30,000
At 31 March 2024 30,000
In the opinion of the director the value of goodwill has not been impaired and therefore there is no provision for amortisation.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2024 1,161 22,477 38,918 62,556
At 31 March 2025 1,161 22,477 38,918 62,556
Depreciation
At 1 April 2024 1,034 20,538 34,209 55,781
Charge for the year 13 388 1,178 1,579
At 31 March 2025 1,047 20,926 35,387 57,360
Net book value
At 31 March 2025 114 1,551 3,531 5,196
At 31 March 2024 127 1,939 4,709 6,775
5 Debtors 2025 2024
£ £
Trade debtors 43,141 34,783
Other debtors 4,518 4,463
47,659 39,246
6 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 9,743 8,575
Taxation and social security costs 16,956 20,699
Other creditors 233,418 223,651
260,117 252,925
7 Controlling party
The company is controlled by the directors.
8 Other information
Keeley Windows Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2, Lyme Regis Industrial Estate
Uplyme Road
Lyme Regis
Dorset
DT7 3LS
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