IRIS Accounts Production v23.4.0.336 SC153338 director 1.7.22 30.6.23 30.6.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1533382022-06-30SC1533382023-06-30SC1533382022-07-012023-06-30SC1533382021-06-30SC1533382021-07-012022-06-30SC1533382022-06-30SC153338ns15:Scotland2022-07-012023-06-30SC153338ns14:PoundSterling2022-07-012023-06-30SC153338ns10:Director12022-07-012023-06-30SC153338ns10:PrivateLimitedCompanyLtd2022-07-012023-06-30SC153338ns10:SmallEntities2022-07-012023-06-30SC153338ns10:AuditExempt-NoAccountantsReport2022-07-012023-06-30SC153338ns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-30SC153338ns10:SmallCompaniesRegimeForAccounts2022-07-012023-06-30SC153338ns10:FullAccounts2022-07-012023-06-30SC153338ns10:CompanySecretary12022-07-012023-06-30SC153338ns10:RegisteredOffice2022-07-012023-06-30SC153338ns5:CurrentFinancialInstruments2023-06-30SC153338ns5:CurrentFinancialInstruments2022-06-30SC153338ns5:Non-currentFinancialInstruments2023-06-30SC153338ns5:Non-currentFinancialInstruments2022-06-30SC153338ns5:ShareCapital2023-06-30SC153338ns5:ShareCapital2022-06-30SC153338ns5:FurtherSpecificReserve3ComponentTotalEquity2023-06-30SC153338ns5:FurtherSpecificReserve3ComponentTotalEquity2022-06-30SC153338ns5:RetainedEarningsAccumulatedLosses2023-06-30SC153338ns5:RetainedEarningsAccumulatedLosses2022-06-30SC153338ns5:PlantMachinery2022-07-012023-06-30SC153338ns5:PlantMachinery2022-06-30SC153338ns5:PlantMachinery2023-06-30SC153338ns5:PlantMachinery2022-06-30SC153338ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-30SC153338ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-30SC153338ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-30SC153338ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-06-30
REGISTERED NUMBER: SC153338 (Scotland)















KELVINDALE INDUSTRIAL AND BUSINESS
SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023






KELVINDALE INDUSTRIAL AND BUSINESS
SERVICES LIMITED (REGISTERED NUMBER: SC153338)

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


KELVINDALE INDUSTRIAL AND BUSINESS
SERVICES LIMITED

COMPANY INFORMATION
For The Year Ended 30 June 2023







DIRECTOR: J B Sproull





SECRETARY: Mrs M Wadsworth





REGISTERED OFFICE: 255 Lochburn Road
Maryhill
Glasgow
G20 0QQ





REGISTERED NUMBER: SC153338 (Scotland)





ACCOUNTANTS: Benham Conway & Co
16 Royal Crescent
Glasgow
G3 7SL

KELVINDALE INDUSTRIAL AND BUSINESS
SERVICES LIMITED (REGISTERED NUMBER: SC153338)

BALANCE SHEET
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,779 2,372
Investment property 5 1,713,278 1,713,278
1,715,057 1,715,650

CURRENT ASSETS
Debtors 6 627,531 849,537
Cash at bank 812,348 470,633
1,439,879 1,320,170
CREDITORS
Amounts falling due within one year 7 194,916 95,572
NET CURRENT ASSETS 1,244,963 1,224,598
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,960,020

2,940,248

CREDITORS
Amounts falling due after more than one
year

8

(10,400

)

(15,600

)

PROVISIONS FOR LIABILITIES (344,312 ) (344,312 )
NET ASSETS 2,605,308 2,580,336

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 1,156,037 1,156,037
Retained earnings 1,449,269 1,424,297
SHAREHOLDERS' FUNDS 2,605,308 2,580,336

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 director acknowledges his 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.

KELVINDALE INDUSTRIAL AND BUSINESS
SERVICES LIMITED (REGISTERED NUMBER: SC153338)

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 director and authorised for issue on 28 March 2024 and were signed by:





J B Sproull - Director


KELVINDALE INDUSTRIAL AND BUSINESS
SERVICES LIMITED (REGISTERED NUMBER: SC153338)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2023


1. STATUTORY INFORMATION

Kelvindale Industrial and Business Services 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net rental income and income from service charges in the year, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Land and buildings are classified as investment property when the property is held to earn rentals or for capital appreciation or both. Investment property is initially measured at cost which comprises purchase price and any directly attributable expenditure, and subsequently remeasured to fair value at each reporting date with changes in fair value recognised in the Income Statement.

Financial instruments
Basic financial liabilities, including trade and other payables, bank loans and other loans that are classified as debt, are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method.

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.

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.

KELVINDALE INDUSTRIAL AND BUSINESS
SERVICES LIMITED (REGISTERED NUMBER: SC153338)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 July 2022 20,318
Additions 30,015
Disposals (30,015 )
At 30 June 2023 20,318
DEPRECIATION
At 1 July 2022 17,946
Charge for year 3,720
Eliminated on disposal (3,127 )
At 30 June 2023 18,539
NET BOOK VALUE
At 30 June 2023 1,779
At 30 June 2022 2,372


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 1,713,278
NET BOOK VALUE
At 30 June 2023 1,713,278
At 30 June 2022 1,713,278


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 19,500 11,000
Other debtors 608,031 838,537
627,531 849,537

KELVINDALE INDUSTRIAL AND BUSINESS
SERVICES LIMITED (REGISTERED NUMBER: SC153338)

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 5,200 5,244
Director's loan account 20,910 32,385
Taxation and social security 13,021 11,245
Other creditors 155,785 46,698
194,916 95,572

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 10,400 15,600

9. RELATED PARTY DISCLOSURES

At 30 June 2023 the company's director had provided interest free loans to the company of £20,910 (2022, £32,385). There are no fixed repayment terms for these loans.