KIPPEN HOUSE LIMITED

Company Registration Number:
SC196899 (Scotland)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

KIPPEN HOUSE LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Additional notes
Balance sheet notes

KIPPEN HOUSE LIMITED

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 9,591 11,307
Total fixed assets: 9,591 11,307
Current assets
Debtors: 4 335,137 225,621
Cash at bank and in hand: 97,105 76,380
Total current assets: 432,242 302,001
Creditors: amounts falling due within one year: 5 ( 295,387 ) ( 86,159 )
Net current assets (liabilities): 136,855 215,842
Total assets less current liabilities: 146,446 227,149
Provision for liabilities: ( 1,496 ) ( 1,751 )
Total net assets (liabilities): 144,950 225,398
Capital and reserves
Called up share capital: 12 12
Profit and loss account: 144,938 225,386
Total Shareholders' funds: 144,950 225,398

The notes form part of these financial statements

KIPPEN HOUSE LIMITED

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 21 August 2024
and signed on behalf of the board by:

Name: Mr A J McLean
Status: Director

The notes form part of these financial statements

KIPPEN HOUSE LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Asset class Depreciation method and rate Plant and machinery 25% reducing balance Fixture, fittings & equipment 15% reducing balance Motor vehicles 25% reducing balance

KIPPEN HOUSE LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 105 104

KIPPEN HOUSE LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 57,155 22,774 79,929
Additions 159 159
Disposals
Revaluations
Transfers
At 31 October 2023 57,314 22,774 80,088
Depreciation
At 1 November 2022 47,539 21,083 68,622
Charge for year 1,451 424 1,875
On disposals
Other adjustments
At 31 October 2023 48,990 21,507 70,497
Net book value
At 31 October 2023 8,324 1,267 9,591
At 31 October 2022 9,616 1,691 11,307

KIPPEN HOUSE LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
£ £
Trade debtors 183,090 169,604
Prepayments and accrued income 5,458 5,104
Other debtors 146,589 50,913
Total 335,137 225,621

KIPPEN HOUSE LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 4,857 3,081
Taxation and social security 34,775 42,705
Accruals and deferred income 9,527 4,908
Other creditors 246,228 35,465
Total 295,387 86,159