2023-04-01 2024-03-31 false No description of principal activity Capium Accounts Production 1.1 SC529876 bus:FullAccounts 2023-04-01 2024-03-31 SC529876 bus:Micro-entities 2023-04-01 2024-03-31 SC529876 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC529876 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC529876 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC529876 2023-04-01 2024-03-31 SC529876 2024-03-31 SC529876 bus:RegisteredOffice 2023-04-01 2024-03-31 SC529876 core:WithinOneYear 2024-03-31 SC529876 core:AfterOneYear 2024-03-31 SC529876 bus:Director1 2023-04-01 2024-03-31 SC529876 bus:Director1 2024-03-31 SC529876 bus:Director1 2022-04-01 2023-03-31 SC529876 2022-04-01 SC529876 bus:CompanySecretary1 2023-04-01 2024-03-31 SC529876 bus:LeadAgentIfApplicable 2023-04-01 2024-03-31 SC529876 2022-04-01 2023-03-31 SC529876 2023-03-31 SC529876 core:WithinOneYear 2023-03-31 SC529876 core:AfterOneYear 2023-03-31 SC529876 bus:EntityAccountantsOrAuditors 2022-04-01 2023-03-31 SC529876 core:PlantMachinery 2023-04-01 2024-03-31 SC529876 core:PlantMachinery 2024-03-31 SC529876 core:PlantMachinery 2023-03-31 SC529876 core:MotorCars 2023-04-01 2024-03-31 SC529876 core:MotorCars 2024-03-31 SC529876 core:MotorCars 2023-03-31 SC529876 core:FurnitureFittings 2023-04-01 2024-03-31 SC529876 core:FurnitureFittings 2024-03-31 SC529876 core:FurnitureFittings 2023-03-31 SC529876 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-03-31 SC529876 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-03-31 SC529876 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 SC529876 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 SC529876 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-03-31 SC529876 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 SC529876 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 SC529876 core:Non-currentFinancialInstruments 2024-03-31 SC529876 core:Non-currentFinancialInstruments 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: SC529876
Scotland

 

 

 

FIFE & KINROSS JOINERY LTD.


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Director Kevin McReadie
Registered Number SC529876
Registered Office Suite 1, Airlie House
Pentland Park
Glenrothes
Fife
KY6 2AG
1
  2024   2023
    £ £   £ £
Called up share capital not paid   (1)     (1)
Fixed assets   17,885      25,046 
Current assets 17,440      8,375   
Creditors: amount falling due within one year (17,726)     (10,001)  
Net current assets   (286)     (1,626)
Total assets less current liabilities   17,598      23,419 
Creditors: amount falling due after more than one year   (84,341)     (91,702)
Accruals and deferred income   2,340      3,008 
Net assets   (64,403)     (65,275)
 

         
Capital and reserves   (64,403)     (65,275)
 
NOTES TO THE ACCOUNTS

General Information
FIFE & KINROSS JOINERY LTD. is a private company, limited by shares, registered in Scotland, registration number SC529876, registration address Suite 1, Airlie House, Pentland Park, Glenrothes, Fife, KY6 2AG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – 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.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Preference dividends
Where preference shares are classed as liabilities rather than equity any preference dividends paid are included in interest payable and similar charges within the income statement.
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
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.

Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
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.
2.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 01 April 2023 699    46,801    198    47,698 
Additions      
Disposals      
At 31 March 2024 699    46,801    198    47,698 
Depreciation
At 01 April 2023 598    21,884    170    22,652 
Charge for year 25    7,129    7    7,161 
On disposals      
At 31 March 2024 623    29,013    177    29,813 
Net book values
Closing balance as at 31 March 2024 76    17,788    21    17,885 
Opening balance as at 01 April 2023 101    24,917    28    25,046 


3.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).


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

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 accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 13 June 2024 and were signed by:


--------------------------------
Kevin McReadie
Director
2