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REGISTERED NUMBER: SC345585 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

FKF Engineering Ltd.

FKF Engineering Ltd. (Registered number: SC345585)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FKF Engineering Ltd.

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr K Fowlie
Mrs F S Fowlie





REGISTERED OFFICE: Rozelay
19 Newton Road
St Fergus
Peterhead
Aberdeenshire
AB42 3DD





REGISTERED NUMBER: SC345585 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

FKF Engineering Ltd. (Registered number: SC345585)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,684 21,518

CURRENT ASSETS
Debtors 5 5,414 7,161
Cash at bank 328,060 285,277
333,474 292,438
CREDITORS
Amounts falling due within one year 6 21,015 4,893
NET CURRENT ASSETS 312,459 287,545
TOTAL ASSETS LESS CURRENT
LIABILITIES

330,143

309,063

PROVISIONS FOR LIABILITIES 3,292 3,845
NET ASSETS 326,851 305,218

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 326,847 305,214
SHAREHOLDERS' FUNDS 326,851 305,218

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

FKF Engineering Ltd. (Registered number: SC345585)

Balance Sheet - continued
31 July 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:





Mr K Fowlie - Director


FKF Engineering Ltd. (Registered number: SC345585)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

FKF Engineering 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 represents the amounts (excluding value added tax) derived from the provision of services to customers. Revenue is recognised at the point services are provided.

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 reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 2 (2023 - 2 ) .

FKF Engineering Ltd. (Registered number: SC345585)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 9,737 47,458 1,638 58,833
Additions - - 516 516
At 31 July 2024 9,737 47,458 2,154 59,349
DEPRECIATION
At 1 August 2023 7,257 28,420 1,638 37,315
Charge for year 372 3,807 171 4,350
At 31 July 2024 7,629 32,227 1,809 41,665
NET BOOK VALUE
At 31 July 2024 2,108 15,231 345 17,684
At 31 July 2023 2,480 19,038 - 21,518

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 3,346 603
Amounts recoverable on contract 2,068 6,558
5,414 7,161

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 20 20
Taxation and social security 17,987 2,691
Other creditors 3,008 2,182
21,015 4,893

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr K Fowlie.