IRIS Accounts Production v24.3.2.46 SC368469 director 1.12.23 30.11.24 30.11.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3684692023-11-30SC3684692024-11-30SC3684692023-12-012024-11-30SC3684692022-11-30SC3684692022-12-012023-11-30SC3684692023-11-30SC368469ns15:Scotland2023-12-012024-11-30SC368469ns14:PoundSterling2023-12-012024-11-30SC368469ns10:Director12023-12-012024-11-30SC368469ns10:PrivateLimitedCompanyLtd2023-12-012024-11-30SC368469ns10:SmallEntities2023-12-012024-11-30SC368469ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-30SC368469ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-30SC368469ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-30SC368469ns10:FullAccounts2023-12-012024-11-30SC368469ns10:OrdinaryShareClass12023-12-012024-11-30SC368469ns10:CompanySecretary12023-12-012024-11-30SC368469ns10:RegisteredOffice2023-12-012024-11-30SC368469ns5:CurrentFinancialInstruments2024-11-30SC368469ns5:CurrentFinancialInstruments2023-11-30SC368469ns5:Non-currentFinancialInstruments2024-11-30SC368469ns5:Non-currentFinancialInstruments2023-11-30SC368469ns5:ShareCapital2024-11-30SC368469ns5:ShareCapital2023-11-30SC368469ns5:RetainedEarningsAccumulatedLosses2024-11-30SC368469ns5:RetainedEarningsAccumulatedLosses2023-11-30SC368469ns5:FurnitureFittings2023-12-012024-11-30SC368469ns5:FurnitureFittings2023-11-30SC368469ns5:FurnitureFittings2024-11-30SC368469ns5:FurnitureFittings2023-11-30SC368469ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-30SC368469ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-30SC368469ns10:OrdinaryShareClass12024-11-30
REGISTERED NUMBER: SC368469 (Scotland)












Financial Statements

for the Year Ended 30 November 2024

for

KMS - Kiosk Ltd.

KMS - Kiosk Ltd. (Registered number: SC368469)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KMS - Kiosk Ltd.

Company Information
for the Year Ended 30 November 2024







DIRECTOR: J T Dalziel





SECRETARY: J T Dalziel





REGISTERED OFFICE: Radleigh House
1 Golf Road
GLASGOW
G76 7HU





REGISTERED NUMBER: SC368469 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

KMS - Kiosk Ltd. (Registered number: SC368469)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 3 248 310

CURRENT ASSETS
Inventories 4,000 4,000
Debtors 4 4,932 3,489
Cash at bank 29,313 12,315
38,245 19,804
CREDITORS
Amounts falling due within one year 5 14,636 10,941
NET CURRENT ASSETS 23,609 8,863
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,857

9,173

CREDITORS
Amounts falling due after more than one year 6 (22,975 ) (40,277 )

PROVISIONS FOR LIABILITIES (47 ) -
NET ASSETS/(LIABILITIES) 835 (31,104 )

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 834 (31,105 )
SHAREHOLDERS' FUNDS 835 (31,104 )

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 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.

KMS - Kiosk Ltd. (Registered number: SC368469)

Balance Sheet - continued
30 November 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 18 February 2025 and were signed by:





J T Dalziel - Director


KMS - Kiosk Ltd. (Registered number: SC368469)

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

1. 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.

Going concern
While the pandemic has caused a lot of disruption to the business, the director is managing the position and believes that, with the support of creditors, the company will be able to trade through the current difficulties.

On this basis, the director believes that the company will continue in operation for the next 12 months and considers it appropriate to prepare the financial statements on a going concern basis.

Revenue
Turnover represents the amounts derived from the provision of goods and services, excluding value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Furniture & equipment - 20% on reducing balance

Inventories
Inventories 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.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

KMS - Kiosk Ltd. (Registered number: SC368469)

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

1. ACCOUNTING POLICIES - continued

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2. EMPLOYEES AND DIRECTORS

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

3. PROPERTY, PLANT AND EQUIPMENT
Furniture
& equipment
£   
COST
At 1 December 2023
and 30 November 2024 4,064
DEPRECIATION
At 1 December 2023 3,754
Charge for year 62
At 30 November 2024 3,816
NET BOOK VALUE
At 30 November 2024 248
At 30 November 2023 310

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,932 2,737
Other debtors - 752
4,932 3,489

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,324 5,324
Trade creditors 3,822 -
Taxation and social security 1,990 3,617
Other creditors 3,500 2,000
14,636 10,941

KMS - Kiosk Ltd. (Registered number: SC368469)

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 5,499 10,460
Other creditors 17,476 29,817
22,975 40,277

7. CALLED UP SHARE CAPITAL

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