J.P. Keates & Son Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 09289748

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		259,188		270,494

			259,188		270,494
CURRENT ASSETS
Stocks	6	5,576		5,700
Debtors	7	164,597		110,855
Cash at bank and in hand		43,284		17,465

		213,457		134,020
Creditors: Amounts Falling Due Within One Year	8	(117,954 )		(44,630 )

NET CURRENT ASSETS (LIABILITIES)			95,503		89,390

TOTAL ASSETS LESS CURRENT LIABILITIES			354,691		359,884

Creditors: Amounts Falling Due After More Than One Year	9		(5,178 )		(17,604 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(45,815 )		(55,791 )

NET ASSETS			303,698		286,489

CAPITAL AND RESERVES
Called up share capital	12		100		100
Profit and Loss Account			303,598		286,389

SHAREHOLDERS' FUNDS			303,698		286,489

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J.P. Keates & Son Limited

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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

Miss E J Sigley Director	Mrs C L Peck Director
4 June 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

J.P. Keates & Son Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09289748 . The registered office is Gibson House Hurricane Court, Hurricane Close, Stafford, Staffordshire, ST16 1GZ.

2. Accounting Policies

2.1. Basis of Preparation of 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be measured reliably, turnover from funeral directing is recognised by reference to the stage of completion at the balance sheet date.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

2.4. Tangible Fixed Assets and Depreciation

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	2% straight line
Motor Vehicles	15% and 25% reducing balance
Fixtures & Fittings	15% reducing balance
Computer Equipment	33.3% straight line

2.5. 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.

2.6. Stocks and Work in Progress

Stocks and work in progress are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all cost of purchase, cost of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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J.P. Keates & Son Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.7. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

2.8. Employee Benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

2.9. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2024: 8)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 November 2024	290,000

As at 31 October 2025	290,000

Amortisation
As at 1 November 2024	290,000

As at 31 October 2025	290,000

Net Book Value
As at 31 October 2025	-

As at 1 November 2024	-

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J.P. Keates & Son Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

5. Tangible Assets

	Land & Property
	Improvements	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 November 2024	22,221	319,979	116,506	3,140	461,846
Additions	-	25,000	2,918	9,277	37,195
Disposals	-	-	(4,846 )	-	(4,846 )

As at 31 October 2025	22,221	344,979	114,578	12,417	494,195

Depreciation
As at 1 November 2024	803	112,875	74,534	3,140	191,352
Provided during the period	444	37,156	6,544	3,092	47,236
Disposals	-	-	(3,581 )	-	(3,581 )

As at 31 October 2025	1,247	150,031	77,497	6,232	235,007

Net Book Value
As at 31 October 2025	20,974	194,948	37,081	6,185	259,188

As at 1 November 2024	21,418	207,104	41,972	-	270,494

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Motor Vehicles	94,127	110,738

6. Stocks

	2025	2024
	£	£
Stock	5,576	5,700

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	157,768	104,597
Prepayments and accrued income	6,829	6,258

	164,597	110,855

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J.P. Keates & Son Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	12,427	12,427
Trade creditors	27,624	18,474
Corporation tax	14,921	1,163
Other taxes and social security	7,608	5,502
Other creditors	6,471	1,993
Accruals and deferred income	23,503	4,671
Directors' loan accounts	25,400	400

	117,954	44,630

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	5,178	17,604

10. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Net obligations under finance lease and hire purchase contracts	17,605		30,031

11. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	12,427	12,427
Later than one year and not later than five years	5,178	17,604

	17,605	30,031

	17,605	30,031

12. Share Capital

	2025	2024
Allotted, called up but not fully paid	£	£
26 Ordinary A shares of £ 1.00 each	26	26
37 Ordinary B shares of £ 1.00 each	37	37
37 Ordinary C shares of £ 1.00 each	37	37

	100	100

13. Other Commitments

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £10,764 (2024 £12,636).

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