Company registration number SC719083 (Scotland)
KA6 MANAGEMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
PAGES FOR FILING WITH REGISTRAR
KA6 MANAGEMENT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
KA6 MANAGEMENT LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2024
31 January 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
36,758
34,685
Current assets
Debtors
4
1,872
-
0
Cash at bank and in hand
19,183
6,054
21,055
6,054
Creditors: amounts falling due within one year
5
(18,497)
(9,842)
Net current assets/(liabilities)
2,558
(3,788)
Total assets less current liabilities
39,316
30,897
Provisions for liabilities
(518)
-
0
Net assets
38,798
30,897
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
38,698
30,797
Total equity
38,798
30,897

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 16 October 2024 and are signed on its behalf by:
Mr R Ruddock
Director
Company Registration No. SC719083
KA6 MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
- 2 -
1
Accounting policies
Company information

KA6 Management Limited is a private company limited by shares incorporated in Scotland. The registered office is 32 Hannah Wynd, Ayr, Ayrshire, United Kingdom, KA6 5HB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown gross of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
No depreciation
Plant and equipment
15% reducing balance
Computers
15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

KA6 MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
KA6 MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
- 4 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 February 2023
34,685
-
0
34,685
Additions
-
0
2,222
2,222
At 31 January 2024
34,685
2,222
36,907
Depreciation and impairment
At 1 February 2023
-
0
-
0
-
0
Depreciation charged in the year
-
0
149
149
At 31 January 2024
-
0
149
149
Carrying amount
At 31 January 2024
34,685
2,073
36,758
At 31 January 2023
34,685
-
0
34,685
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
1,872
-
0
5
Creditors: amounts falling due within one year
2024
2023
£
£
Other borrowings
-
0
50
Corporation tax
17,237
8,592
Accruals and deferred income
1,260
1,200
18,497
9,842
2024-01-312023-02-01false16 October 2024CCH SoftwareCCH Accounts Production 2024.210No description of principal activityMr R RuddockE RuddockfalsefalseSC7190832023-02-012024-01-31SC7190832024-01-31SC7190832023-01-31SC719083core:LandBuildings2024-01-31SC719083core:OtherPropertyPlantEquipment2024-01-31SC719083core:LandBuildings2023-01-31SC719083core:OtherPropertyPlantEquipment2023-01-31SC719083core:CurrentFinancialInstrumentscore:WithinOneYear2024-01-31SC719083core:CurrentFinancialInstrumentscore:WithinOneYear2023-01-31SC719083core:CurrentFinancialInstruments2024-01-31SC719083core:CurrentFinancialInstruments2023-01-31SC719083core:ShareCapital2024-01-31SC719083core:ShareCapital2023-01-31SC719083core:RetainedEarningsAccumulatedLosses2024-01-31SC719083core:RetainedEarningsAccumulatedLosses2023-01-31SC719083bus:Director12023-02-012024-01-31SC719083core:LandBuildingscore:OwnedOrFreeholdAssets2023-02-012024-01-31SC719083core:PlantMachinery2023-02-012024-01-31SC719083core:ComputerEquipment2023-02-012024-01-31SC7190832022-01-062023-01-31SC719083core:LandBuildings2023-01-31SC719083core:OtherPropertyPlantEquipment2023-01-31SC7190832023-01-31SC719083core:LandBuildings2023-02-012024-01-31SC719083core:OtherPropertyPlantEquipment2023-02-012024-01-31SC719083core:WithinOneYear2024-01-31SC719083core:WithinOneYear2023-01-31SC719083bus:PrivateLimitedCompanyLtd2023-02-012024-01-31SC719083bus:SmallCompaniesRegimeForAccounts2023-02-012024-01-31SC719083bus:FRS1022023-02-012024-01-31SC719083bus:AuditExemptWithAccountantsReport2023-02-012024-01-31SC719083bus:Director22023-02-012024-01-31SC719083bus:FullAccounts2023-02-012024-01-31xbrli:purexbrli:sharesiso4217:GBP