Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-11-16falsetrueNo description of principal activity3falsefalse SC750561 2022-11-15 SC750561 2022-11-16 2023-12-31 SC750561 2022-01-01 2022-11-15 SC750561 2023-12-31 SC750561 c:Director1 2022-11-16 2023-12-31 SC750561 c:Director2 2022-11-16 2023-12-31 SC750561 c:Director3 2022-11-16 2023-12-31 SC750561 c:RegisteredOffice 2022-11-16 2023-12-31 SC750561 d:MotorVehicles 2022-11-16 2023-12-31 SC750561 d:MotorVehicles 2023-12-31 SC750561 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-11-16 2023-12-31 SC750561 d:CurrentFinancialInstruments 2023-12-31 SC750561 d:Non-currentFinancialInstruments 2023-12-31 SC750561 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 SC750561 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 SC750561 d:ShareCapital 2023-12-31 SC750561 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC750561 c:OrdinaryShareClass1 2022-11-16 2023-12-31 SC750561 c:OrdinaryShareClass1 2023-12-31 SC750561 c:FRS102 2022-11-16 2023-12-31 SC750561 c:AuditExempt-NoAccountantsReport 2022-11-16 2023-12-31 SC750561 c:FullAccounts 2022-11-16 2023-12-31 SC750561 c:PrivateLimitedCompanyLtd 2022-11-16 2023-12-31 SC750561 e:PoundSterling 2022-11-16 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC750561










KLC PROJECTS LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

 
KLC PROJECTS LIMITED
 

COMPANY INFORMATION


Directors
Mr K L Callaghan 
Mr S Reilly 
Mr S Reilly 




Registered number
SC750561



Registered office
SR House
18 Tom Johnston Road

Dundee

DD4 8XD




Accountants
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
KLC PROJECTS LIMITED
REGISTERED NUMBER: SC750561

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
Note
£

FIXED ASSETS
  

Tangible fixed assets
  
62,812

  
62,812

CURRENT ASSETS
  

Bank and cash balances
  
246,772

Debtors
 5 
235,816

  
482,588

Creditors: amounts falling due within one year
 6 
(153,853)

NET CURRENT ASSETS
  
 
 
328,735

TOTAL ASSETS LESS CURRENT LIABILITIES
  
391,547

Creditors: amounts falling due after more than one year
 7 
(46,738)

  

NET ASSETS
  
344,809


CAPITAL AND RESERVES
  

Called up share capital 
 8 
1,000

Profit and loss account
  
343,809

  
344,809


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 period 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 income and retained earnings 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 15 March 2024.




Mr K L Callaghan
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
KLC PROJECTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


GENERAL INFORMATION

KLC Projects Limited is a private company, limited by shares, incorporated in Scotland with registration number SC750561. The registered office is Sr House, 18 Tom Johnston Road, Dundee DD4 8XD.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

REVENUE

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 reporting date in the countries where the Company operates and generates income.

Page 2

 
KLC PROJECTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the period was 3.

Page 3

 
KLC PROJECTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


TANGIBLE FIXED ASSETS





Motor vehicles

£



COST OR VALUATION


Additions
83,750



At 31 December 2023

83,750



DEPRECIATION


Charge for the period on owned assets
20,938



At 31 December 2023

20,938



NET BOOK VALUE



At 31 December 2023
62,812


5.


DEBTORS

2023
£


Trade debtors
23,582

Other debtors
209,007

Prepayments and accrued income
3,227

235,816



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
£

Other loans
25,000

Trade creditors
1,756

Other taxation and social security
105,393

Obligations under finance lease and hire purchase contracts
16,629

Accruals and deferred income
5,075

153,853


Page 4

 
KLC PROJECTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

7.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023
£

Net obligations under finance leases and hire purchase contracts
46,738

46,738



8.


SHARE CAPITAL

2023
£
ALLOTTED, CALLED UP AND FULLY PAID


1,000 Ordinary shares of £1.00 each
1,000


During the year 1,000 ordinary shares were declared and issued.


Page 5