IRIS Accounts Production v24.3.2.46 SC507411 Board of Directors 1.12.23 30.11.24 30.11.24 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5074112023-11-30SC5074112024-11-30SC5074112023-12-012024-11-30SC5074112022-11-30SC5074112022-12-012023-11-30SC5074112023-11-30SC507411ns15:Scotland2023-12-012024-11-30SC507411ns14:PoundSterling2023-12-012024-11-30SC507411ns10:Director12023-12-012024-11-30SC507411ns10:PrivateLimitedCompanyLtd2023-12-012024-11-30SC507411ns10:SmallEntities2023-12-012024-11-30SC507411ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-30SC507411ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-30SC507411ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-30SC507411ns10:FullAccounts2023-12-012024-11-30SC507411ns10:OrdinaryShareClass12023-12-012024-11-30SC507411ns10:OrdinaryShareClass22023-12-012024-11-30SC507411ns10:Director22023-12-012024-11-30SC507411ns10:RegisteredOffice2023-12-012024-11-30SC507411ns5:CurrentFinancialInstruments2024-11-30SC507411ns5:CurrentFinancialInstruments2023-11-30SC507411ns5:ShareCapital2024-11-30SC507411ns5:ShareCapital2023-11-30SC507411ns5:RetainedEarningsAccumulatedLosses2024-11-30SC507411ns5:RetainedEarningsAccumulatedLosses2023-11-30SC507411ns5:PlantMachinery2023-12-012024-11-30SC507411ns5:ComputerEquipment2023-11-30SC507411ns5:ComputerEquipment2023-12-012024-11-30SC507411ns5:ComputerEquipment2024-11-30SC507411ns5:ComputerEquipment2023-11-30SC507411ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-30SC507411ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-30SC507411ns10:OrdinaryShareClass12024-11-30SC507411ns10:OrdinaryShareClass22024-11-30
REGISTERED NUMBER: SC507411 (Scotland)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

KSC ENGINEERING SERVICES LTD

KSC ENGINEERING SERVICES LTD (REGISTERED NUMBER: SC507411)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KSC ENGINEERING SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: K S Crawford
Mrs J Crawford





REGISTERED OFFICE: 15 Sinclair Terrace
Wick
Caithness
KW1 5AB





REGISTERED NUMBER: SC507411 (Scotland)





ACCOUNTANTS: Lucentum Business Services Ltd
Beckwith Barn
Warren Estate
Lordship Road
Chelmsford
Essex
CM1 3WT

KSC ENGINEERING SERVICES LTD (REGISTERED NUMBER: SC507411)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - 316

CURRENT ASSETS
Debtors 6 359 1,683
Cash at bank 7 149 70
508 1,753
CREDITORS
Amounts falling due within one year 8 1,966 1,791
NET CURRENT LIABILITIES (1,458 ) (38 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,458

)

278

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (1,460 ) 276
SHAREHOLDERS' FUNDS (1,458 ) 278

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 6 February 2025 and were signed on its behalf by:



K S Crawford - Director


KSC ENGINEERING SERVICES LTD (REGISTERED NUMBER: SC507411)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

KSC Engineering Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Amounts in these financial statements are rounded to the nearest Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Turnover is recognised when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met.

Turnover is recognised at the point that the service is provided

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

Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses. Depreciation of a tangible fixed asset begins when it is in the location and condition necessary available for the use intended.

Tangible fixed asset depreciation is included in administrative expenses in the Income Statement.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.


KSC ENGINEERING SERVICES LTD (REGISTERED NUMBER: SC507411)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current 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 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 December 2023
and 30 November 2024 875
DEPRECIATION
At 1 December 2023 559
Charge for year 316
At 30 November 2024 875
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 316

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 359 1,683

7. CASH AT BANK
2024 2023
£    £   
Bank account 149 70

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 1,791
Other creditors 1,966 -
1,966 1,791

KSC ENGINEERING SERVICES LTD (REGISTERED NUMBER: SC507411)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
2 2

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors at the balance sheet date is an amount of £1,966 due to the directors of the company.