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REGISTERED NUMBER: SC315127 (Scotland)













Unaudited Financial Statements

for the Year Ended 30 April 2024

for

KENNY DEVINE LTD

KENNY DEVINE LTD (REGISTERED NUMBER: SC315127)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


KENNY DEVINE LTD

Company Information
for the Year Ended 30 April 2024







DIRECTOR: K S Devine





REGISTERED OFFICE: Suite 411 Baltic Chambers
50 Wellington Street
Glasgow
G2 6HJ





REGISTERED NUMBER: SC315127 (Scotland)





ACCOUNTANTS: SD Business Management
Suite 411 Baltic Chambers
50 Wellington Street
Glasgow
Strathclyde
G2 6HJ

KENNY DEVINE LTD (REGISTERED NUMBER: SC315127)

Abridged Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 60,515 76,347
Tangible assets 5 825 30
Investments 6 2,000 2,000
63,340 78,377

CURRENT ASSETS
Debtors 5,275 4,756
Cash at bank 1,500 1,964
6,775 6,720
CREDITORS
Amounts falling due within one year 32,385 33,591
NET CURRENT LIABILITIES (25,610 ) (26,871 )
TOTAL ASSETS LESS CURRENT LIABILITIES 37,730 51,506

CREDITORS
Amounts falling due after more than one
year

-

(22,203

)

PROVISIONS FOR LIABILITIES (206 ) (6 )
NET ASSETS 37,524 29,297

CAPITAL AND RESERVES
Called up share capital 13 13
Retained earnings 37,511 29,284
SHAREHOLDERS' FUNDS 37,524 29,297

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

KENNY DEVINE LTD (REGISTERED NUMBER: SC315127)

Abridged Balance Sheet - continued
30 April 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 October 2024 and were signed by:





K S Devine - Director


KENNY DEVINE LTD (REGISTERED NUMBER: SC315127)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Kenny Devine 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.

In accordance with their responsibility as a director, the director has considered the appropriateness of the going concern basis for the preparation of the financial statements.

Turnover
Turnover represents net commissions received, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 33% on cost and 25% on reducing balance

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 ) .

KENNY DEVINE LTD (REGISTERED NUMBER: SC315127)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 125,159
Disposals (6,502 )
At 30 April 2024 118,657
AMORTISATION
At 1 May 2023 48,812
Amortisation for year 11,866
Eliminated on disposal (2,536 )
At 30 April 2024 58,142
NET BOOK VALUE

At 30 April 2024 60,515
At 30 April 2023 76,347

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 3,758
Additions 1,199
Disposals (1,835 )
At 30 April 2024 3,122
DEPRECIATION
At 1 May 2023 3,728
Charge for year 404
Eliminated on disposal (1,835 )
At 30 April 2024 2,297
NET BOOK VALUE
At 30 April 2024 825
At 30 April 2023 30

KENNY DEVINE LTD (REGISTERED NUMBER: SC315127)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 May 2023
and 30 April 2024 2,000
NET BOOK VALUE
At 30 April 2024 2,000
At 30 April 2023 2,000

The above represents a 50% shareholding in Cairn Financial Management Limited a company registered in Scotland.