Company Registration No. SC700348 (Scotland)
Kinetic Civil Engineering Ltd
Unaudited accounts
for the year ended 30 June 2024
Kinetic Civil Engineering Ltd
Unaudited accounts
Contents
Kinetic Civil Engineering Ltd
Company Information
for the year ended 30 June 2024
Company Number
SC700348 (Scotland)
Registered Office
49 JOHN FINNIE STREET
C/O MYVO LTD
KILMARNOCK
KA1 1EE
UNITED KINGDOM
Accountants
MYVO Ltd
49 John Finnie Street
Kilmarnock
East Ayrshire
KA1 1EE
Kinetic Civil Engineering Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
318,700
47,658
Cash at bank and in hand
2,966
(22,475)
Creditors: amounts falling due within one year
(454,958)
(81,554)
Net current assets
388,580
23,676
Profit and loss account
707,280
71,334
Shareholders' funds
707,280
71,334
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 August 2024 and were signed on its behalf by
Michael Hannaway
Director
Company Registration No. SC700348
Kinetic Civil Engineering Ltd
Notes to the Accounts
for the year ended 30 June 2024
Kinetic Civil Engineering Ltd is a private company, limited by shares, registered in Scotland, registration number SC700348. The registered office is 49 JOHN FINNIE STREET, C/O MYVO LTD, KILMARNOCK, KA1 1EE, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
reducing balance method
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 July 2023
27,183
32,729
59,912
Additions
24,500
288,974
313,474
At 30 June 2024
51,683
321,703
373,386
At 1 July 2023
2,152
10,102
12,254
Charge for the year
9,037
33,395
42,432
At 30 June 2024
11,189
43,497
54,686
At 30 June 2024
40,494
278,206
318,700
At 30 June 2023
25,031
22,627
47,658
Kinetic Civil Engineering Ltd
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due within one year
Trade debtors
220,429
24,035
Other debtors
611,407
79,727
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
251,989
32,879
Taxes and social security
202,969
48,675
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).