1 January 2023 false No description of principal activity Taxfiler 2024.4 SC506577business:PrivateLimitedCompanyLtd2023-01-012023-12-31 SC5065772022-12-31 SC5065772023-01-012023-12-31 SC506577business:AuditExemptWithAccountantsReport2023-01-012023-12-31 SC506577business:FilletedAccounts2023-01-012023-12-31 SC5065772023-12-31 SC506577business:Director12023-01-012023-12-31 SC506577business:Director22023-01-012023-12-31 SC506577business:RegisteredOffice2023-01-012023-12-31 SC5065772022-12-31 SC506577core:WithinOneYear2023-12-31 SC506577core:WithinOneYear2022-12-31 SC506577core:AfterOneYear2023-12-31 SC506577core:AfterOneYear2022-12-31 SC506577core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC506577core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 SC506577core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC506577core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 SC506577core:PreviouslyStatedAmount2023-12-31 SC506577core:PreviouslyStatedAmount2022-12-31 SC506577business:SmallEntities2023-01-012023-12-31 SC506577countries:Scotland2023-01-012023-12-31 SC506577core:PlantMachinery2022-12-31 SC506577core:MotorVehicles2022-12-31 SC506577core:FurnitureFittings2022-12-31 SC506577core:PlantMachinery2023-01-012023-12-31 SC506577core:MotorVehicles2023-01-012023-12-31 SC506577core:FurnitureFittings2023-01-012023-12-31 SC506577core:PlantMachinery2023-12-31 SC506577core:MotorVehicles2023-12-31 SC506577core:FurnitureFittings2023-12-31 SC5065772022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC506577 (Scotland)
Kinnear for Carpets Limited Unaudited accounts for the year ended 31 December 2023
Kinnear for Carpets Limited Unaudited accounts Contents
Page
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Kinnear for Carpets Limited Company Information for the year ended 31 December 2023
Directors
Francis Somerville Lynn Somerville
Company Number
SC506577 (Scotland)
Registered Office
14 THE SQUARE PORT WILLIAM NEWTON STEWART WIGTOWNSHIRE DG8 9SE SCOTLAND
Accountants
Tranquillity Tax 12 Peasehill Brae Rosyth Dunfermline KY11 2AP
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Kinnear for Carpets Limited Accountants' report
Accountants' report to the board of directors of Kinnear for Carpets Limited on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Kinnear for Carpets Limited for the year ended 31 December 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Kinnear for Carpets Limited, as a body, in accordance with the terms of our engagement letter dated 5 May 2014. Our work has been undertaken solely to prepare for your approval the accounts of Kinnear for Carpets Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kinnear for Carpets Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Kinnear for Carpets Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Kinnear for Carpets Limited. You consider that Kinnear for Carpets Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Kinnear for Carpets Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Tranquillity Tax 12 Peasehill Brae Rosyth Dunfermline KY11 2AP 29 May 2024
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Kinnear for Carpets Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,113 
32,099 
Current assets
Inventories
17,745 
17,298 
Cash at bank and in hand
91,315 
93,189 
109,060 
110,487 
Creditors: amounts falling due within one year
(26,768)
(34,299)
Net current assets
82,292 
76,188 
Total assets less current liabilities
98,405 
108,287 
Creditors: amounts falling due after more than one year
(22,979)
(30,004)
Net assets
75,426 
78,283 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
75,326 
78,183 
Shareholders' funds
75,426 
78,283 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2024 and were signed on its behalf by
Francis Somerville Director Company Registration No. SC506577
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Kinnear for Carpets Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Kinnear for Carpets Limited is a private company, limited by shares, registered in Scotland, registration number SC506577. The registered office is 14 THE SQUARE, PORT WILLIAM, NEWTON STEWART, WIGTOWNSHIRE, DG8 9SE, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
105,025 
1,887 
2,039 
108,951 
Additions
3,863 
- 
- 
3,863 
At 31 December 2023
108,888 
1,887 
2,039 
112,814 
Depreciation
At 1 January 2023
73,759 
1,887 
1,206 
76,852 
Charge for the year
19,682 
- 
167 
19,849 
At 31 December 2023
93,441 
1,887 
1,373 
96,701 
Net book value
At 31 December 2023
15,447 
- 
666 
16,113 
At 31 December 2022
31,266 
- 
833 
32,099 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
11,419 
9,160 
Obligations under finance leases and hire purchase contracts
7,025 
7,025 
Trade creditors
3,916 
8,964 
Taxes and social security
4,408 
9,117 
Other creditors
- 
33 
26,768 
34,299 
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Kinnear for Carpets Limited Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
22,979 
30,004 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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