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REGISTERED NUMBER: 05265132 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

KILCRONA LTD

KILCRONA LTD (REGISTERED NUMBER: 05265132)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KILCRONA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: K S Eason





SECRETARY: Mrs A F Eason





REGISTERED OFFICE: 215A Watling Street
Wilnecote
Tamworth
Staffordshire
B77 5BB





REGISTERED NUMBER: 05265132 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

KILCRONA LTD (REGISTERED NUMBER: 05265132)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - 30,000
Tangible assets 6 212,554 222,880
Investment property 7 140,000 140,000
352,554 392,880

CURRENT ASSETS
Stocks 43,075 49,740
Debtors 8 378,723 225,251
Cash at bank and in hand 177,445 156,669
599,243 431,660
CREDITORS
Amounts falling due within one year 9 356,071 292,049
NET CURRENT ASSETS 243,172 139,611
TOTAL ASSETS LESS CURRENT
LIABILITIES

595,726

532,491

PROVISIONS FOR LIABILITIES 14,000 19,000
NET ASSETS 581,726 513,491

CAPITAL AND RESERVES
Called up share capital 10 48 48
Capital redemption reserve 11 52 52
Retained earnings 11 581,626 513,391
SHAREHOLDERS' FUNDS 581,726 513,491

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

KILCRONA LTD (REGISTERED NUMBER: 05265132)

BALANCE SHEET - continued
31 OCTOBER 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 Profit and loss account 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 S Eason - Director


KILCRONA LTD (REGISTERED NUMBER: 05265132)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Kilcrona Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Turnover
Turnover represents revenue recognised by the company in respect of goods and services supplied during the period, excluding value added tax.

Goodwill
Acquired goodwill is written off in equal instalments over its estimated useful economic life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 20% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Investments
Investments are included at fair value. Listed investments are valued at their market value at the balance sheet date and any changes in their fair value between the previous year end or acquisition, as applicable are recognised in the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.


KILCRONA LTD (REGISTERED NUMBER: 05265132)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES

The average number of employees during the year was 17 (2023 - 20 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 600,000
AMORTISATION
At 1 November 2023 570,000
Charge for year 30,000
At 31 October 2024 600,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 30,000

KILCRONA LTD (REGISTERED NUMBER: 05265132)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

6. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 167,728 91,406 11,351 66,872 337,357
Additions - - 11,500 3,257 14,757
Disposals - - (11,350 ) - (11,350 )
At 31 October 2024 167,728 91,406 11,501 70,129 340,764
DEPRECIATION
At 1 November 2023 17,708 37,191 7,360 52,218 114,477
Charge for year 2,155 10,842 240 7,856 21,093
Eliminated on disposal - - (7,360 ) - (7,360 )
At 31 October 2024 19,863 48,033 240 60,074 128,210
NET BOOK VALUE
At 31 October 2024 147,865 43,373 11,261 10,055 212,554
At 31 October 2023 150,020 54,215 3,991 14,654 222,880

Included in cost of land and buildings is freehold land of approximately £60,000 which is not depreciated.

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 140,000
NET BOOK VALUE
At 31 October 2024 140,000
At 31 October 2023 140,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 230,644 170,250
Other debtors 148,079 55,001
378,723 225,251

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 229,798 239,547
Taxation and social security 67,364 21,081
Other creditors 58,909 31,421
356,071 292,049

KILCRONA LTD (REGISTERED NUMBER: 05265132)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 48 48

11. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 November 2023 513,391 52 513,443
Profit for the year 149,937 149,937
Dividends (81,702 ) (81,702 )
At 31 October 2024 581,626 52 581,678

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
K S Eason
Balance outstanding at start of year - -
Amounts advanced 87,539 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 87,539 -

The loan is interest free and repayable within 9 months of the year end.

13. RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £13,003 (2023: £11,500) due to a former director of the company.