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REGISTERED NUMBER: SC021161 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

KILMORE CONSULTING LIMITED

KILMORE CONSULTING LIMITED (REGISTERED NUMBER: SC021161)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KILMORE CONSULTING LIMITED

COMPANY INFORMATION
For The Year Ended 31 January 2023







DIRECTORS: Roy Miller Clunie
Mrs Elizabeth W Clunie





SECRETARY: Roy Miller Clunie





REGISTERED OFFICE: Broombank
North Connel
Oban
Argyll
PA37 1RD





REGISTERED NUMBER: SC021161 (Scotland)





ACCOUNTANTS: Andy Newiss & Co Ltd
Broombank
North Connel
Oban
Argyll
PA37 1RD

KILMORE CONSULTING LIMITED (REGISTERED NUMBER: SC021161)

BALANCE SHEET
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,500 2,500
Tangible assets 5 104 139
Investments 6 750 750
Investment property 7 350,000 350,000
352,354 353,389

CURRENT ASSETS
Debtors 8 2,370 2,823
Cash at bank 50,102 18,091
52,472 20,914
CREDITORS
Amounts falling due within one year 9 20,770 11,364
NET CURRENT ASSETS 31,702 9,550
TOTAL ASSETS LESS CURRENT
LIABILITIES

384,056

362,939

PROVISIONS FOR LIABILITIES (18,096 ) (12,106 )

ACCRUALS AND DEFERRED INCOME (16,223 ) (16,827 )
NET ASSETS 349,737 334,006

KILMORE CONSULTING LIMITED (REGISTERED NUMBER: SC021161)

BALANCE SHEET - continued
31 January 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 26,258 26,258
Revaluation reserve 10 153,407 153,407
Retained earnings 170,072 154,341
SHAREHOLDERS' FUNDS 349,737 334,006

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 27 October 2023 and were signed on its behalf by:





Roy Miller Clunie - Director


KILMORE CONSULTING LIMITED (REGISTERED NUMBER: SC021161)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2023

1. STATUTORY INFORMATION

Kilmore Consulting Limited is a private company, limited by shares , registered in Scotland. 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.

The financial statements are presented in Sterling (£).

Turnover
Turnover represents invoiced sales of services.

Goodwill
The company acquired a new business in 2010. The goodwill arising is being amortised evenly over its estimated useful life which was initially estimated at 20 years and is now estimated to be between 3 and 4 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.
Plant and machinery - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


KILMORE CONSULTING LIMITED (REGISTERED NUMBER: SC021161)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued
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.

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.

Government grants
Government grants received for fixed assets are treated as deferred income and are released to the profit and loss account over the expected useful lives of the assets to which they relate. Revenue grants are released to the profit and loss account in the year of receipt.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 10,000
AMORTISATION
At 1 February 2022 7,500
Amortisation for year 1,000
At 31 January 2023 8,500
NET BOOK VALUE
At 31 January 2023 1,500
At 31 January 2022 2,500

KILMORE CONSULTING LIMITED (REGISTERED NUMBER: SC021161)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 February 2022
and 31 January 2023 1,231
DEPRECIATION
At 1 February 2022 1,092
Charge for year 35
At 31 January 2023 1,127
NET BOOK VALUE
At 31 January 2023 104
At 31 January 2022 139

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2022
and 31 January 2023 750
NET BOOK VALUE
At 31 January 2023 750
At 31 January 2022 750

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022
and 31 January 2023 350,000
NET BOOK VALUE
At 31 January 2023 350,000
At 31 January 2022 350,000

The property was valued at £350,000 by Morham & Brotchie on 5 February 2021.

KILMORE CONSULTING LIMITED (REGISTERED NUMBER: SC021161)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2023

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,500 -
Other debtors 870 2,823
2,370 2,823

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,476 414
Other creditors 18,294 10,950
20,770 11,364

10. RESERVES
Revaluation
reserve
£   
At 1 February 2022
and 31 January 2023 153,407