Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31truefalsetrue32022-04-013The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC334677 2022-04-01 2023-03-31 SC334677 2021-04-01 2022-03-31 SC334677 2023-03-31 SC334677 2022-03-31 SC334677 c:Director3 2022-04-01 2023-03-31 SC334677 d:CurrentFinancialInstruments 2023-03-31 SC334677 d:CurrentFinancialInstruments 2022-03-31 SC334677 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC334677 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 SC334677 d:ShareCapital 2023-03-31 SC334677 d:ShareCapital 2022-03-31 SC334677 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC334677 d:RetainedEarningsAccumulatedLosses 2022-03-31 SC334677 c:FRS102 2022-04-01 2023-03-31 SC334677 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 SC334677 c:FullAccounts 2022-04-01 2023-03-31 SC334677 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: SC334677










KILBRIDE RAIL TERMINALS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
KILBRIDE RAIL TERMINALS LTD
 

CONTENTS



Page
Balance sheet
1
Notes to the financial statements
2 - 4


 
KILBRIDE RAIL TERMINALS LTD
REGISTERED NUMBER: SC334677

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
11,757
12,872

Cash at bank and in hand
 5 
67,200
143,180

  
78,957
156,052

Creditors: amounts falling due within one year
 6 
(58,034)
(103,710)

Net current assets
  
 
 
20,923
 
 
52,342

Total assets less current liabilities
  
20,923
52,342

  

Net assets
  
20,923
52,342


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
20,922
52,341

  
20,923
52,342


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 September 2023.



Jacqueline Burns
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
KILBRIDE RAIL TERMINALS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Kilbride Rail Terminals Limited is a private company limited by share capital, incorporated in Scotland, registration number SC334677. The address of the registered office 50 Lothian Road, Festival Square, Edinburgh, EH3 9WJ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Rental income

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

Page 2

 
KILBRIDE RAIL TERMINALS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Creditors

Short-term creditors are measured at the transaction price.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Debtors

2023
2022
£
£


Trade debtors
-
12,098

Other debtors
10,857
-

Prepayments and accrued income
900
774

11,757
12,872



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
67,200
143,180


Page 3

 
KILBRIDE RAIL TERMINALS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
20,785
-

Corporation tax
-
1,850

Other taxation and social security
-
2,016

Other creditors
13,020
13,020

Accruals and deferred income
24,229
86,824

58,034
103,710


 
Page 4