KINLOCH GROUP LIMITED

Company Registration Number:
12830430 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2021

Period of accounts

Start date: 21 August 2020

End date: 31 August 2021

KINLOCH GROUP LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2021

Directors report
Balance sheet
Additional notes
Balance sheet notes

KINLOCH GROUP LIMITED

Directors' report period ended 31 August 2021

The directors present their report with the financial statements of the company for the period ended 31 August 2021

Principal activities of the company

Construction work on new build residential housing sites.



Directors

The director shown below has held office during the whole of the period from
21 August 2020 to 31 August 2021

Pawel Kapusniak


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
2 May 2022

And signed on behalf of the board by:
Name: Pawel Kapusniak
Status: Director

KINLOCH GROUP LIMITED

Balance sheet

As at 31 August 2021

Notes 2021


£
Fixed assets
Tangible assets: 3 36,422
Total fixed assets: 36,422
Current assets
Stocks: 4 6,782
Debtors: 5 7,810
Cash at bank and in hand: 19,694
Total current assets: 34,286
Creditors: amounts falling due within one year: 6 ( 12,388 )
Net current assets (liabilities): 21,898
Total assets less current liabilities: 58,320
Creditors: amounts falling due after more than one year: 7 ( 6,800 )
Provision for liabilities: ( 2,527 )
Total net assets (liabilities): 48,993
Capital and reserves
Called up share capital: 1
Profit and loss account: 48,992
Total Shareholders' funds: 48,993

The notes form part of these financial statements

KINLOCH GROUP LIMITED

Balance sheet statements

For the year ending 31 August 2021 the company was entitled to exemption 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 2 May 2022
and signed on behalf of the board by:

Name: Pawel Kapusniak
Status: Director

The notes form part of these financial statements

KINLOCH GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover shown in the profit and loss account represents amounts invoiced for work carried out during the year, exclusive of Value Added Tax.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows: Plant and machinery 20% straight line Fixtures and fittings 33.33% straight lineEquipment 25% straight lineMotor vehicles 25% straight line

    Other accounting policies

    Income taxThe taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deterred 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 that are expected to apply to the reversal of the timing difference. -Tangible assets-Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts arc recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. -Stocks- are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. -Provisions-Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are lsited in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises. -Basis of preparation-The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.The financial statements are prepared in sterling, which is the functional currency of the entity.

KINLOCH GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2021

  • 2. Employees

    2021
    Average number of employees during the period 3

KINLOCH GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2021

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 13,106 4,749 11,365 18,995 48,215
Disposals
Revaluations
Transfers
At 31 August 2021 13,106 4,749 11,365 18,995 48,215
Depreciation
Charge for year 2,621 1,583 2,840 4,749 11,793
On disposals
Other adjustments
At 31 August 2021 2,621 1,583 2,840 4,749 11,793
Net book value
At 31 August 2021 10,485 3,166 8,525 14,246 36,422

KINLOCH GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2021

4. Stocks

2021
£
Stocks 6,782
Total 6,782

KINLOCH GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2021

5. Debtors

2021
£
Trade debtors 7,810
Total 7,810

KINLOCH GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2021

6. Creditors: amounts falling due within one year note

2021
£
Trade creditors 4,652
Taxation and social security 7,736
Total 12,388

KINLOCH GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2021

7. Creditors: amounts falling due after more than one year note

2021
£
Other creditors 6,800
Total 6,800