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K & N Utilities Ltd Unaudited accounts Contents
Page
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K & N Utilities Ltd Company Information for the year ended 31 January 2024
Directors
Anthony Kerr Colin Nisbet Cheryl Kerr
Company Number
SC652389 (Scotland)
Registered Office
ALVA KIRKOSWALD ROAD MAYBOLE KA19 8BN SCOTLAND
Accountants
W Wilson Millar Ltd 32 Moorfield Road Prestwick KA9 2HW
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K & N Utilities Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,010 
2,012 
Current assets
Debtors
23,626 
107,152 
Cash at bank and in hand
66,574 
21,025 
90,200 
128,177 
Creditors: amounts falling due within one year
(75,905)
(79,370)
Net current assets
14,295 
48,807 
Total assets less current liabilities
18,305 
50,819 
Creditors: amounts falling due after more than one year
(2,667)
(4,667)
Net assets
15,638 
46,152 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
15,538 
46,052 
Shareholders' funds
15,638 
46,152 
For the year ending 31 January 2024 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 31 July 2024 and were signed on its behalf by
Cheryl Kerr Director Company Registration No. SC652389
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K & N Utilities Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
K & N Utilities Ltd is a private company, limited by shares, registered in Scotland, registration number SC652389. The registered office is ALVA, KIRKOSWALD ROAD, MAYBOLE, KA19 8BN, 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:
Computer equipment
20% Reducing Balance Method
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
2,650 
561 
3,211 
Additions
3,000 
- 
3,000 
At 31 January 2024
5,650 
561 
6,211 
Depreciation
At 1 February 2023
954 
245 
1,199 
Charge for the year
939 
63 
1,002 
At 31 January 2024
1,893 
308 
2,201 
Net book value
At 31 January 2024
3,757 
253 
4,010 
At 31 January 2023
1,696 
316 
2,012 
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K & N Utilities Ltd Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
9,096 
9,697 
Trade debtors
14,530 
34,941 
Other debtors
- 
62,514 
23,626 
107,152 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,000 
2,000 
Trade creditors
10,460 
12,639 
Taxes and social security
51,111 
41,479 
Loans from directors
12,334 
23,252 
75,905 
79,370 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,667 
4,667 
8
Average number of employees
During the year the average number of employees was 8 (2023: 7).
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