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REGISTERED NUMBER: SC584943 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

KELVIN JOINERY & BUILDERS LTD

KELVIN JOINERY & BUILDERS LTD (REGISTERED NUMBER: SC584943)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


KELVIN JOINERY & BUILDERS LTD (REGISTERED NUMBER: SC584943)

BALANCE SHEET
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,233 22,500

CURRENT ASSETS
Stocks 5 96,551 -
Debtors 6 12,675 665
Cash at bank 44,255 93,425
153,481 94,090
CREDITORS
Amounts falling due within one year 7 118,327 48,486
NET CURRENT ASSETS 35,154 45,604
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,387

68,104

PROVISIONS FOR LIABILITIES 5,677 5,130
NET ASSETS 58,710 62,974

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 58,708 62,972
58,710 62,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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.

KELVIN JOINERY & BUILDERS LTD (REGISTERED NUMBER: SC584943)

BALANCE SHEET - continued
31 January 2024



The financial statements were approved by the director and authorised for issue on 15 August 2024 and were signed by:





P Waters - Director


KELVIN JOINERY & BUILDERS LTD (REGISTERED NUMBER: SC584943)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Kelvin Joinery & Builders Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC584943

Registered office: 22 Backbrae Street Kilsyth
Glasgow
United Kingdom
Lanarkshire
G65 0NH

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.

Turnover and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

KELVIN JOINERY & BUILDERS LTD (REGISTERED NUMBER: SC584943)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 February 2023 - 27,000 27,000
Additions 760 14,850 15,610
At 31 January 2024 760 41,850 42,610
DEPRECIATION
At 1 February 2023 - 4,500 4,500
Charge for year 158 8,719 8,877
At 31 January 2024 158 13,219 13,377
NET BOOK VALUE
At 31 January 2024 602 28,631 29,233
At 31 January 2023 - 22,500 22,500

5. STOCKS
31.1.24 31.1.23
£    £   
Work-in-progress 96,551 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 6,750 -
VAT 5,925 665
12,675 665

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 84,761 -
Trade creditors 22,687 26,070
Tax 7,078 13,462
Social security and other taxes 1,581 7,640
Accrued expenses 2,220 1,314
118,327 48,486