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REGISTERED NUMBER: SC449517 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

KENLITE ELECTRICS LTD

KENLITE ELECTRICS LTD (REGISTERED NUMBER: SC449517)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KENLITE ELECTRICS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: W J Donaghey





REGISTERED OFFICE: 34 Davaar Drive
Drumpellier
Coatbridge
ML5 1JL





REGISTERED NUMBER: SC449517 (Scotland)





ACCOUNTANT: John Murphy & Company (Scotland) Limited
Chartered Accountants
Castle Chambers
67 Main Street
Bothwell
Lanarkshire
G71 8ER

KENLITE ELECTRICS LTD (REGISTERED NUMBER: SC449517)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,348 1,885

CURRENT ASSETS
Debtors 5 1,966 604
Cash at bank 10,562 7,750
12,528 8,354
CREDITORS
Amounts falling due within one year 6 9,914 5,604
NET CURRENT ASSETS 2,614 2,750
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,962

4,635

PROVISIONS FOR LIABILITIES 7 256 358
NET ASSETS 3,706 4,277

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 3,705 4,276
SHAREHOLDERS' FUNDS 3,706 4,277

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

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

The financial statements were approved by the director and authorised for issue on 23 August 2024 and were signed by:





W J Donaghey - Director


KENLITE ELECTRICS LTD (REGISTERED NUMBER: SC449517)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Kenlite Electrics Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

KENLITE ELECTRICS LTD (REGISTERED NUMBER: SC449517)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 3,124 1,930 16,436 21,490
DEPRECIATION
At 1 April 2023 2,206 964 16,435 19,605
Charge for year 256 281 - 537
At 31 March 2024 2,462 1,245 16,435 20,142
NET BOOK VALUE
At 31 March 2024 662 685 1 1,348
At 31 March 2023 918 966 1 1,885

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,273 -
Prepayments 693 604
1,966 604

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 2,023 2,404
Corporation tax 1,375 755
Payroll taxation (147 ) (147 )
VAT 828 364
Directors' current accounts 4,397 935
Accrued charges 1,438 1,293
9,914 5,604

7. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 256 358

Deferred
tax
£   
Balance at 1 April 2023 358
Provided during year (102 )
Balance at 31 March 2024 256

8. ULTIMATE CONTROLLING PARTY

The controlling party is W J Donaghey.