2023-06-01 2024-05-31 false No description of principal activity true Killie Holdings Limited Killie Holding Limited 10 Hedges Loan, Bannockburn, FK78HX Capium Accounts Production 1.1 SC343495 2023-06-01 2024-05-31 SC343495 bus:AbridgedAccounts 2023-06-01 2024-05-31 SC343495 bus:FRS102 2023-06-01 2024-05-31 SC343495 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 SC343495 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 SC343495 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC343495 2023-06-01 2024-05-31 SC343495 2024-05-31 SC343495 bus:RegisteredOffice 2023-06-01 2024-05-31 SC343495 core:WithinOneYear 2024-05-31 SC343495 core:AfterOneYear 2024-05-31 SC343495 1 2023-06-01 2024-05-31 SC343495 bus:Director1 2023-06-01 2024-05-31 SC343495 bus:Director1 2024-05-31 SC343495 bus:Director1 2022-06-01 2023-05-31 SC343495 bus:Director2 2023-06-01 2024-05-31 SC343495 bus:Director2 2024-05-31 SC343495 bus:Director2 2022-06-01 2023-05-31 SC343495 bus:Director3 2023-06-01 2024-05-31 SC343495 bus:Director3 2024-05-31 SC343495 bus:Director3 2022-06-01 2023-05-31 SC343495 2022-06-01 SC343495 bus:LeadAgentIfApplicable 2023-06-01 2024-05-31 SC343495 2022-06-01 2023-05-31 SC343495 2023-05-31 SC343495 core:WithinOneYear 2023-05-31 SC343495 core:AfterOneYear 2023-05-31 SC343495 bus:EntityAccountantsOrAuditors 2022-06-01 2023-05-31 SC343495 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 SC343495 bus:OrdinaryShareClass1 2024-05-31 SC343495 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 SC343495 bus:OrdinaryShareClass1 2023-05-31 SC343495 core:LandBuildings 2023-06-01 2024-05-31 SC343495 core:LandBuildings 2024-05-31 SC343495 core:LandBuildings 2023-05-31 SC343495 core:PlantMachinery 2023-06-01 2024-05-31 SC343495 core:PlantMachinery 2024-05-31 SC343495 core:PlantMachinery 2023-05-31 SC343495 core:MotorCars 2023-06-01 2024-05-31 SC343495 core:MotorCars 2024-05-31 SC343495 core:MotorCars 2023-05-31 SC343495 core:FurnitureFittings 2023-06-01 2024-05-31 SC343495 core:FurnitureFittings 2024-05-31 SC343495 core:FurnitureFittings 2023-05-31 SC343495 core:ComputerEquipment 2023-06-01 2024-05-31 SC343495 core:ComputerEquipment 2024-05-31 SC343495 core:ComputerEquipment 2023-05-31 SC343495 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-05-31 SC343495 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-05-31 SC343495 core:NetGoodwill 2023-06-01 2024-05-31 SC343495 core:CostValuation core:Non-currentFinancialInstruments 2024-05-31 SC343495 core:CostValuation core:Non-currentFinancialInstruments 2023-05-31 SC343495 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-05-31 SC343495 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-05-31 SC343495 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-05-31 SC343495 core:Non-currentFinancialInstruments 2024-05-31 SC343495 core:Non-currentFinancialInstruments 2023-05-31 SC343495 core:ShareCapital 2024-05-31 SC343495 core:ShareCapital 2023-05-31 SC343495 core:RetainedEarningsAccumulatedLosses 2024-05-31 SC343495 core:RetainedEarningsAccumulatedLosses 2023-05-31 SC343495 dpl:Item1 2023-06-01 SC343495 dpl:Item1 2024-05-31 SC343495 dpl:Item1 2022-06-01 SC343495 dpl:Item1 2023-05-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: SC343495
Scotland

 

 

 


Abridged Accounts

for the year ended 31 May 2024

for

KILGANNON MOTORS LTD.

 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 107,850    135,721 
107,850    135,721 
Current assets      
Stocks 5,000    6,000 
Debtors 223,000    203,637 
Cash at bank and in hand 8,677    57,077 
236,677    266,714 
Creditors: amount falling due within one year (195,903)   (168,741)
Net current assets 40,774    97,973 
 
Total assets less current liabilities 148,624    233,694 
Creditors: amount falling due after more than one year (30,522)   (56,770)
Provisions for liabilities (26,535)   (29,905)
Net assets 91,567    147,019 
 

Capital and reserves
     
Called up share capital 4 1    1 
Profit and loss account 91,566    147,018 
Shareholders' funds 91,567    147,019 
 


For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 24 February 2025 and were signed on its behalf by:


-------------------------------
James Gerard Kilgannon
Director
1
General Information
KILGANNON MOTORS LTD. is a private company, limited by shares, registered in Scotland, registration number SC343495, registration address HEDGES LOAN, BANNOCKBURN , FK7 8HX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – 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.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
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:
Land and buildings 5% Straight Line
Plant and machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
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.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 17 (2023 : 17).
3.

Tangible fixed assets

Cost or valuation Land and buildings   Plant and machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £   £
At 01 June 2023 44,599    119,245    152,358    11,417    6,901    334,520 
Additions   3,045        324    3,369 
Disposals          
At 31 May 2024 44,599    122,290    152,358    11,417    7,225    337,889 
Depreciation
At 01 June 2023 33,027    59,220    89,655    10,001    6,896    198,799 
Charge for year 2,774    12,467    15,676    283    40    31,240 
On disposals          
At 31 May 2024 35,801    71,687    105,331    10,284    6,936    230,039 
Net book values
Closing balance as at 31 May 2024 8,798    50,603    47,027    1,133    289    107,850 
Opening balance as at 01 June 2023 11,572    60,025    62,703    1,416    5    135,721 


4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1 Class A share of £1.00 each  
 

5.

Controlling Parties

The company's immediate parent undertaking is Killie Holdings Limited.

The ultimate parent undertaking is Killie Holding Limited (incorporated in Scotland). Its registered office is 10 Hedges Loan, Bannockburn, FK78HX.




2