REGISTERED NUMBER: 03857573 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Sylvester Keal Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M J Keal

Mrs I Keal

Mr A G Grant

Mr B J Keal

REGISTERED OFFICE:

Units 7, 8 & 9 Westside Bus Park

Estate Road 2

Sth Humberside, Ind Est

Grimsby

North East Lincolns

DN31 2TG

REGISTERED NUMBER:

03857573 (England and Wales)

ACCOUNTANTS:

SMH Haywood & Co Limited

24-26 Mansfield Road

Rotherham

South Yorkshire

S60 2DT

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

275,359

166,530

275,359

166,530

CURRENT ASSETS

Stocks

442,370

266,881

Debtors

6

1,411,932

1,139,710

Cash at bank and in hand

1,844,871

1,386,318

3,699,173

2,792,909

CREDITORS

Amounts falling due within one year

7

(1,203,218

)

(908,602

)

NET CURRENT ASSETS

2,495,955

1,884,307

TOTAL ASSETS LESS CURRENT LIABILITIES

2,771,314

2,050,837

CREDITORS

Amounts falling due after more than one year

8

(17,537

)

(9,829

)

PROVISIONS FOR LIABILITIES

(26,597

)

(36,097

)

NET ASSETS

2,727,180

2,004,911

CAPITAL AND RESERVES

Called up share capital

104

104

Retained earnings

2,727,076

2,004,807

SHAREHOLDERS' FUNDS

2,727,180

2,004,911

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 28 April 2026 and were signed on its behalf by:

Mr M J Keal - Director

Mrs I Keal - Director

1.	STATUTORY INFORMATION

Sylvester Keal 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of twenty years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 45 (2024 - 40 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

57,700

AMORTISATION

At 1 January 2025

and 31 December 2025

57,700

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

66,191

569,700

635,891

Additions

-

216,774

216,774

Disposals

-

(44,068

)

(44,068

)

At 31 December 2025

66,191

742,406

808,597

DEPRECIATION

At 1 January 2025

45,425

423,936

469,361

Charge for year

5,192

91,148

96,340

Eliminated on disposal

-

(32,463

)

(32,463

)

At 31 December 2025

50,617

482,621

533,238

NET BOOK VALUE

At 31 December 2025

15,574

259,785

275,359

At 31 December 2024

20,766

145,764

166,530

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

Plant and

machinery

etc

£

COST

At 1 January 2025

354,859

Additions

63,831

Disposals

(25,568

)

Transfer to ownership

(76,451

)

At 31 December 2025

316,671

DEPRECIATION

At 1 January 2025

276,708

Charge for year

29,253

Eliminated on disposal

(21,017

)

Transfer to ownership

(56,026

)

At 31 December 2025

228,918

NET BOOK VALUE

At 31 December 2025

87,753

At 31 December 2024

78,151

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,033,854

768,264

Other debtors

308,446

308,446

Directors' current accounts

39,096

50,180

Prepayments

30,536

12,820

1,411,932

1,139,710

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

23,730

10,166

Trade creditors

594,918

483,945

Corporation tax payable

297,759

208,600

Social security and other taxes

41,268

31,025

VAT

152,730

126,290

Other creditors

8,951

3,949

Pensions creditor

7,034

6,293

Wages and salaries

223

(50

)

Accruals and deferred income

76,605

38,384

1,203,218

908,602

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

17,537

9,829

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

23,730

10,166

Between one and five years

17,537

9,829

41,267

19,995

Non-cancellable

operating leases

2025

2024

£

£

Within one year

51,970

81,949

Between one and five years

29,999

80,709

81,969

162,658