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Registered number: 04724819
Michael Keeley (Agri Services) Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
Fosters Accountants and Consultants Ltd
Grove Dairy Farm Business Centre
Bobbing Hill
Sittingbourne
Kent
ME9 8NY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04724819
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 290,946 284,471
290,946 284,471
CURRENT ASSETS
Stocks 5 39,000 35,000
Debtors 6 27,926 36,248
66,926 71,248
Creditors: Amounts Falling Due Within One Year 7 (287,511 ) (197,500 )
NET CURRENT ASSETS (LIABILITIES) (220,585 ) (126,252 )
TOTAL ASSETS LESS CURRENT LIABILITIES 70,361 158,219
Creditors: Amounts Falling Due After More Than One Year 8 (95,500 ) (90,486 )
NET (LIABILITIES)/ASSETS (25,139 ) 67,733
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account (25,140 ) 67,732
SHAREHOLDERS' FUNDS (25,139) 67,733
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Page 2
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
M Keeley
Director
29 April 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Michael Keeley (Agri Services) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04724819 . The registered office is Shepherds Hill Cottage, Hastingleigh, Ashford, Kent, TN25 5JJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% straight line
Computer Equipment 33.3% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 May 2024 414,717 291,547 706,264
Additions 82,028 10,811 92,839
As at 30 April 2025 496,745 302,358 799,103
Depreciation
As at 1 May 2024 205,158 216,635 421,793
Provided during the period 55,375 30,989 86,364
As at 30 April 2025 260,533 247,624 508,157
Net Book Value
As at 30 April 2025 236,212 54,734 290,946
As at 1 May 2024 209,559 74,912 284,471
5. Stocks
2025 2024
£ £
Materials 39,000 35,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 22,906 10,525
Other debtors 5,020 25,723
27,926 36,248
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 42,643 37,429
Trade creditors (4,883 ) (6,401 )
Bank loans and overdrafts 73,858 29,887
Other loans 151,003 18,282
Amounts owed to participating interests 150 150
Other creditors 22,757 132,957
Taxation and social security 1,983 (14,804 )
287,511 197,500
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 95,500 90,486
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 42,643 37,429
Later than one year and not later than five years 95,500 90,486
138,143 127,915
138,143 127,915
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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