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Registered Number: SC758371
Scotland

 

 

 


Abridged Accounts

for the period ended 31 March 2024

for

KELSO AND TITCH LIMITED

 
 
Notes
 
2024
£
Fixed assets    
Tangible fixed assets 3 9,569 
9,569 
Current assets    
Stocks 18,500 
Debtors 3,087 
Cash at bank and in hand 3,013 
24,600 
Creditors: amount falling due within one year (57,045)
Net current assets (32,445)
 
Total assets less current liabilities (22,876)
Provisions for liabilities (45)
Net assets (22,921)
 

Capital and reserves
   
Called up share capital 4 1 
Profit and loss account (22,922)
Shareholders' funds (22,921)
 


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

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 08 November 2024 and were signed by:


-------------------------------
Jill REID
Director
1
General Information
Kelso and Titch Limited is a private company, limited by shares, registered in Scotland, registration number SC758371, registration address 47b Henderson Street, Bridge of Allan, FK9 4HG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the period was 3.
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 07 February 2023  
Additions 11,547    11,547 
Disposals  
At 31 March 2024 11,547    11,547 
Depreciation
At 07 February 2023  
Charge for period 1,978    1,978 
On disposals  
At 31 March 2024 1,978    1,978 
Net book values
Closing balance as at 31 March 2024 9,569    9,569 
Opening balance as at 07 February 2023  


4.

Share Capital

Allotted, called up and fully paid
2024
£
1 Class A share of £1.00 each

2