REGISTERED NUMBER: 01232542 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Alan Keef Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Tangible assets

4

93,906

100,293

CURRENT ASSETS

Stocks

137,858

153,869

Debtors

5

290,326

516,015

Cash at bank and in hand

38,215

532

466,399

670,416

CREDITORS

Amounts falling due within one year

6

359,569

566,226

NET CURRENT ASSETS

106,830

104,190

TOTAL ASSETS LESS CURRENT LIABILITIES

200,736

204,483

CREDITORS

Amounts falling due after more than one year

7

-

9,547

NET ASSETS

200,736

194,936

CAPITAL AND RESERVES

Called up share capital

16,000

16,000

Retained earnings

184,736

178,936

200,736

194,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 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.

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 14 April 2026 and were signed on its behalf by:

P M Keef - Director

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.

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 20 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 December 2024

45,882

221,977

69,204

11,337

348,400

Additions

-

12,163

-

-

12,163

At 30 November 2025

45,882

234,140

69,204

11,337

360,563

DEPRECIATION

At 1 December 2024

36,555

161,070

41,071

9,411

248,107

Charge for year

1,399

9,636

7,034

481

18,550

At 30 November 2025

37,954

170,706

48,105

9,892

266,657

NET BOOK VALUE

At 30 November 2025

7,928

63,434

21,099

1,445

93,906

At 30 November 2024

9,327

60,907

28,133

1,926

100,293

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 December 2024

and 30 November 2025

40,349

DEPRECIATION

At 1 December 2024

16,392

Charge for year

5,989

At 30 November 2025

22,381

NET BOOK VALUE

At 30 November 2025

17,968

At 30 November 2024

23,957

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

114,941

335,334

Amounts recoverable on contract

98,750

38,500

Other debtors

76,635

142,181

290,326

516,015

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,667

154,310

Hire purchase contracts (see note 8)

2,880

10,870

Trade creditors

167,068

140,615

Taxation and social security

5,098

89,076

Other creditors

177,856

171,355

359,569

566,226

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

6,667

Hire purchase contracts (see note 8)

-

2,880

-

9,547

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

2,880

10,870

Between one and five years

-

2,880

2,880

13,750

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

-

144,310

Bank loans

6,667

16,667

Hire purchase contracts

2,880

13,750

9,547

174,727

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 £11,550 (2024: £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 £109,500 (2024: £63,415). The loans are interest free and repayable on demand.