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REGISTERED NUMBER: SC033266 (Scotland)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

ANDREW KAY & COMPANY (CURLING STONES)
LIMITED

ANDREW KAY & COMPANY (CURLING STONES)
LIMITED (REGISTERED NUMBER: SC033266)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ANDREW KAY & COMPANY (CURLING STONES)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: J W English
P R Davidson





REGISTERED OFFICE: 2 Glenfoot Gardens
Dundonald
KA2 9JQ





REGISTERED NUMBER: SC033266 (Scotland)





ACCOUNTANTS: Robert J Hart & Company
Chartered Accountants
Arran House
15D Skye Road
Prestwick
Ayrshire
KA9 2TA

ANDREW KAY & COMPANY (CURLING STONES)
LIMITED (REGISTERED NUMBER: SC033266)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 98,559 54,078
Investments 5 179 179
98,738 54,257

CURRENT ASSETS
Stocks 116,289 137,345
Debtors 6 138,907 39,044
Cash at bank and in hand 195,675 193,928
450,871 370,317
CREDITORS
Amounts falling due within one year 7 301,254 186,394
NET CURRENT ASSETS 149,617 183,923
TOTAL ASSETS LESS CURRENT
LIABILITIES

248,355

238,180

CREDITORS
Amounts falling due after more than one
year

8

(59,011

)

(73,011

)

PROVISIONS FOR LIABILITIES 10 (10,978 ) -
NET ASSETS 178,366 165,169

CAPITAL AND RESERVES
Called up share capital 13,200 9,900
Share premium 46,700 -
Retained earnings 118,466 155,269
178,366 165,169

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

ANDREW KAY & COMPANY (CURLING STONES)
LIMITED (REGISTERED NUMBER: SC033266)

BALANCE SHEET - continued
30 JUNE 2023


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 21 December 2023 and were signed on its behalf by:





J W English - Director


ANDREW KAY & COMPANY (CURLING STONES)
LIMITED (REGISTERED NUMBER: SC033266)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Andrew Kay & Company (Curling Stones) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Andrew Kay & Company (Curling Stones) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 4% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Fixed asset investments
Interests in other companies are initially measured at cost and subsequently remeasured at cost less any accumulated impairment losses. Investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately 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.


ANDREW KAY & COMPANY (CURLING STONES)
LIMITED (REGISTERED NUMBER: SC033266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
After making enquiries, the Directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly the accounts continue to be prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 July 2022 65,000 207,938 10,780 283,718
Additions - 41,339 14,823 56,162
Disposals - (1,900 ) - (1,900 )
At 30 June 2023 65,000 247,377 25,603 337,980
DEPRECIATION
At 1 July 2022 65,000 157,236 7,404 229,640
Charge for year - 9,704 953 10,657
Eliminated on disposal - (876 ) - (876 )
At 30 June 2023 65,000 166,064 8,357 239,421
NET BOOK VALUE
At 30 June 2023 - 81,313 17,246 98,559
At 30 June 2022 - 50,702 3,376 54,078

ANDREW KAY & COMPANY (CURLING STONES)
LIMITED (REGISTERED NUMBER: SC033266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 June 2023 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
Valuation in 1998 36,996 - - 36,996
Cost 28,004 247,377 25,603 300,984
65,000 247,377 25,603 337,980

If freehold property had not been revalued it would have been included at the following historical cost:

30.6.23 30.6.22
£    £   
Cost 28,004 28,004
Aggregate depreciation 28,004 28,004

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2022
and 30 June 2023 179
NET BOOK VALUE
At 30 June 2023 179
At 30 June 2022 179

The company owns 100% of the issued share capital of Kays Curling Canada Co. The shares have £nil par value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 93,025 14,271
Amounts owed by group undertakings 14,630 14,630
Other debtors 31,252 10,143
138,907 39,044

ANDREW KAY & COMPANY (CURLING STONES)
LIMITED (REGISTERED NUMBER: SC033266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 10,000 10,000
Payments on account 102,121 19,500
Trade creditors 100,508 75,404
Taxation and social security 10,875 21,208
Other creditors 77,750 60,282
301,254 186,394

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 19,167 29,167
Other creditors 39,844 43,844
59,011 73,011

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 23,844 27,844

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.23 30.6.22
£    £   
Within one year 21,772 16,956
Between one and five years 42,344 -
64,116 16,956

10. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 10,978 -

Deferred
tax
£   
Provided during year 10,978
Balance at 30 June 2023 10,978