1 January 2024 v2025.16.2 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBPSC2734752024-01-012024-12-31SC2734752024-12-31SC2734752023-12-31SC273475core:WithinOneYear2024-12-31SC273475core:WithinOneYear2023-12-31SC273475core:ShareCapital2024-12-31SC273475core:ShareCapital2023-12-31SC273475core:OtherReservesSubtotal2024-12-31SC273475core:RetainedEarningsAccumulatedLosses2024-12-31SC273475core:RetainedEarningsAccumulatedLosses2023-12-31SC273475bus:Director12024-01-012024-12-31SC273475bus:RegisteredOffice2024-01-012024-12-31SC273475core:MotorVehicles2024-01-012024-12-31SC273475core:OfficeEquipment2024-01-012024-12-31SC2734752023-01-012023-12-31SC273475core:PlantMachinery2024-12-31SC273475core:PlantMachinery2024-01-01SC273475core:PlantMachinery2024-01-012024-12-31SC273475core:PlantMachinery2023-12-31SC273475core:CostValuation2024-01-01SC273475core:CostValuation2024-12-31SC27347512024-01-012024-12-31SC273475countries:Scotland2024-01-012024-12-31SC273475bus:AuditExemptWithAccountantsReport2024-01-012024-12-31SC273475bus:PrivateLimitedCompanyLtd2024-01-012024-12-31SC273475bus:SmallEntities2024-01-012024-12-31SC273475bus:FullAccounts2024-01-012024-12-31
Company registration number:
SC273475
Campbell & Kennedy Maintenance Ltd
Unaudited Filleted Financial Statements for the year ended
31 December 2024
Campbell & Kennedy Maintenance Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Campbell & Kennedy Maintenance Ltd
Year ended
31 December 2024
As described on the statement of financial position, the Board of Directors of
Campbell & Kennedy Maintenance Ltd
are responsible for the preparation of the
financial statements
for the year ended
31 December 2024
, which comprise the income statement, statement of total comprehensive income, statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Horizon Chartered Accountants
20-23 Woodside Place
Glasgow
G3 7QL
United Kingdom
Date:
17 March 2025
Campbell & Kennedy Maintenance Ltd
Statement of Financial Position
31 December 2024
20242023
Note££
Fixed assets    
Tangible assets 5
2,643
 
3,438
 
Investments 6
10,000
 
10,000
 
12,643
 
13,438
 
Current assets    
Debtors 7
30,055
 
32,863
 
Cash at bank and in hand
298,638
 
308,943
 
328,693
 
341,806
 
Creditors: amounts falling due within one year 8
(42,822
)
(79,026
)
Net current assets
285,871
 
262,780
 
Total assets less current liabilities 298,514   276,218  
Capital and reserves    
Called up share capital
105
 
105
 
Other reserves
9,234
  -  
Profit and loss account
289,175
 
276,113
 
Shareholders funds
298,514
 
276,218
 
For the year ending
31 December 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
17 March 2025
, and are signed on behalf of the board by:
Gerald Kennedy
Director
Company registration number:
SC273475
Campbell & Kennedy Maintenance Ltd
Notes to the Financial Statements
Year ended
31 December 2024

1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is
Horizon Business Advisors Ltd
,
20-23 Woodside Place
,
Glasgow
,
G3 7QL
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Motor vehicles
25% straight line
Office equipment
33% straight line

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
6
(2023:
6
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 January 2024
and
31 December 2024
25,992
 
Depreciation  
At
1 January 2024
22,554
 
Charge
795
 
At
31 December 2024
23,349
 
Carrying amount  
At
31 December 2024
2,643
 
At 31 December 2023
3,438
 

6 Investments

Other investments other than loans
£
Cost  
At
1 January 2024
10,000
 
At
31 December 2024
10,000
 
Impairment  
At
1 January 2024
and
31 December 2024
-  
Carrying amount  
At
31 December 2024
10,000
 
At 31 December 2023
10,000
 

7 Debtors

20242023
££
Trade debtors
29,805
 
32,613
 
Other debtors
250
 
250
 
30,055
 
32,863
 

8 Creditors: amounts falling due within one year

20242023
££
Trade creditors
253
 
928
 
Taxation and social security
40,918
 
74,403
 
Other creditors
1,651
 
3,695
 
42,822
 
79,026