K & N Utilities Ltd
Unaudited accounts
Contents
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
K & N Utilities Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
4,010
2,012
Cash at bank and in hand
66,574
21,025
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)
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
K & N Utilities Ltd
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 January 2024
5,650
561
6,211
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
At 31 January 2024
3,757
253
4,010
At 31 January 2023
1,696
316
2,012
K & N Utilities Ltd
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Trade debtors
14,530
34,941
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
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 8 (2023: 7).