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REGISTERED NUMBER: SC501943 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

KILMARNOCK REMOVALS (INTERNATIONAL) LTD

KILMARNOCK REMOVALS (INTERNATIONAL) LTD (REGISTERED NUMBER: SC501943)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KILMARNOCK REMOVALS (INTERNATIONAL) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: M M Thomson





REGISTERED OFFICE: Level One
211 Dumbarton Road
Mansfield Park
Glasgow
G11 6AA





REGISTERED NUMBER: SC501943 (Scotland)





ACCOUNTANTS: Independent Accountants in Scotland Limited
Level One
211 Dumbarton Road
Mansfield Park
Glasgow
G11 6AA

KILMARNOCK REMOVALS (INTERNATIONAL) LTD (REGISTERED NUMBER: SC501943)

BALANCE SHEET
29 FEBRUARY 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 143,250 143,250
Tangible assets 5 574,866 386,453
Investments 6 9,694 9,694
727,810 539,397

CURRENT ASSETS
Stocks 4,923 5,515
Debtors 7 801,249 617,120
Cash at bank and in hand 180,502 147,055
986,674 769,690
CREDITORS
Amounts falling due within one year 8 573,545 509,233
NET CURRENT ASSETS 413,129 260,457
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,140,939

799,854

CREDITORS
Amounts falling due after more than one
year

9

375,288

262,931
NET ASSETS 765,651 536,923

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 765,650 536,922
765,651 536,923

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

KILMARNOCK REMOVALS (INTERNATIONAL) LTD (REGISTERED NUMBER: SC501943)

BALANCE SHEET - continued
29 FEBRUARY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2024 and were signed by:





M M Thomson - Director


KILMARNOCK REMOVALS (INTERNATIONAL) LTD (REGISTERED NUMBER: SC501943)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Kilmarnock Removals (International) 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of nil 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


KILMARNOCK REMOVALS (INTERNATIONAL) LTD (REGISTERED NUMBER: SC501943)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 143,250
NET BOOK VALUE
At 29 February 2024 143,250
At 28 February 2023 143,250

KILMARNOCK REMOVALS (INTERNATIONAL) LTD (REGISTERED NUMBER: SC501943)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 732,449
Additions 377,908
At 29 February 2024 1,110,357
DEPRECIATION
At 1 March 2023 345,996
Charge for year 189,495
At 29 February 2024 535,491
NET BOOK VALUE
At 29 February 2024 574,866
At 28 February 2023 386,453

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 March 2023
and 29 February 2024 9,694
NET BOOK VALUE
At 29 February 2024 9,694
At 28 February 2023 9,694

Cost or valuation at 29 February 2024 is represented by:

Shares in
group
undertakings
£   
Valuation in 2018 9,694

KILMARNOCK REMOVALS (INTERNATIONAL) LTD (REGISTERED NUMBER: SC501943)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade debtors 110,492 36,207
Other debtors 690,757 580,913
801,249 617,120

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Bank loans and overdrafts 10,000 -
Hire purchase contracts 169,352 82,512
Trade creditors 56,546 59,638
Taxation and social security 124,379 104,997
Other creditors 213,268 262,086
573,545 509,233

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29/2/24 28/2/23
£    £   
Bank loans 12,500 32,325
Hire purchase contracts 235,674 78,532
Other creditors 127,114 152,074
375,288 262,931