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Unaudited Financial Statements for the Year Ended 30 November 2024

for

KRG Joiners & Contractors Ltd

KRG Joiners & Contractors Ltd (Registered number: SC255285)






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


KRG Joiners & Contractors Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: K Gillespie





SECRETARY: Mrs L Gillespie





REGISTERED OFFICE: 2 Forsyth Lane
Whins of Milton
Stirling
Stirlingshire
FK7 8FH





REGISTERED NUMBER: SC255285 (Scotland)





ACCOUNTANTS: LMC Accountants Ltd
Chartered Accountants
73 Stirling Business Centre
Wellgreen Place
Stirling
FK8 2DZ

KRG Joiners & Contractors Ltd (Registered number: SC255285)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,249 9,665

CURRENT ASSETS
Debtors 5 648 -
Cash at bank 62,110 59,372
62,758 59,372
CREDITORS
Amounts falling due within one year 6 23,992 25,110
NET CURRENT ASSETS 38,766 34,262
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,015

43,927

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 46,014 43,926
SHAREHOLDERS' FUNDS 46,015 43,927

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.

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 2 April 2025 and were signed by:



K Gillespie - Director


KRG Joiners & Contractors Ltd (Registered number: SC255285)

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

1. STATUTORY INFORMATION

KRG Joiners & Contractors 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.

2. 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.

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

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 - 25% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

KRG Joiners & Contractors Ltd (Registered number: SC255285)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 31,048
DEPRECIATION
At 1 December 2023 21,383
Charge for year 2,416
At 30 November 2024 23,799
NET BOOK VALUE
At 30 November 2024 7,249
At 30 November 2023 9,665

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 648 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors - (2 )
Taxation and social security 21,868 9,918
Other creditors 2,124 15,194
23,992 25,110

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
1 Ordinary £1 1 1

KRG Joiners & Contractors Ltd (Registered number: SC255285)

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

8. RESERVES
Retained
earnings
£   

At 1 December 2023 43,926
Profit for the year 48,982
Dividends (46,894 )
At 30 November 2024 46,014

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

30.11.24 30.11.23
£    £   
K Gillespie
Balance outstanding at start of year (13,399 ) (4 )
Amounts advanced 13,398 (13,395 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1 ) (13,399 )

10. ULTIMATE CONTROLLING PARTY

The controlling party is K Gillespie.