17 16 Kestral Controls Limited SC044824 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is that of construction and supply of electrical control panels. Digita Accounts Production Advanced 6.30.9574.0 true SC044824 2023-08-01 2024-07-31 SC044824 2024-07-31 SC044824 core:CapitalRedemptionReserve 2024-07-31 SC044824 core:RetainedEarningsAccumulatedLosses 2024-07-31 SC044824 core:ShareCapital 2024-07-31 SC044824 core:SharePremium 2024-07-31 SC044824 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-07-31 SC044824 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-07-31 SC044824 core:CurrentFinancialInstruments 2024-07-31 SC044824 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 SC044824 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 SC044824 core:FurnitureFittings 2024-07-31 SC044824 core:LandBuildings core:LongLeaseholdAssets 2024-07-31 SC044824 core:MotorVehicles 2024-07-31 SC044824 core:OfficeEquipment 2024-07-31 SC044824 core:PlantMachinery 2024-07-31 SC044824 bus:SmallEntities 2023-08-01 2024-07-31 SC044824 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 SC044824 bus:FilletedAccounts 2023-08-01 2024-07-31 SC044824 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 SC044824 bus:RegisteredOffice 2023-08-01 2024-07-31 SC044824 bus:CompanySecretaryDirector1 2023-08-01 2024-07-31 SC044824 bus:Director1 2023-08-01 2024-07-31 SC044824 bus:Director3 2023-08-01 2024-07-31 SC044824 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC044824 bus:Agent1 2023-08-01 2024-07-31 SC044824 core:ComputerEquipment 2023-08-01 2024-07-31 SC044824 core:FurnitureFittings 2023-08-01 2024-07-31 SC044824 core:LandBuildings core:LongLeaseholdAssets 2023-08-01 2024-07-31 SC044824 core:LeaseholdImprovements 2023-08-01 2024-07-31 SC044824 core:MotorVehicles 2023-08-01 2024-07-31 SC044824 core:OfficeEquipment 2023-08-01 2024-07-31 SC044824 core:PlantMachinery 2023-08-01 2024-07-31 SC044824 countries:Scotland 2023-08-01 2024-07-31 SC044824 2023-07-31 SC044824 core:FurnitureFittings 2023-07-31 SC044824 core:LandBuildings core:LongLeaseholdAssets 2023-07-31 SC044824 core:MotorVehicles 2023-07-31 SC044824 core:OfficeEquipment 2023-07-31 SC044824 core:PlantMachinery 2023-07-31 SC044824 2022-08-01 2023-07-31 SC044824 2023-07-31 SC044824 core:CapitalRedemptionReserve 2023-07-31 SC044824 core:RetainedEarningsAccumulatedLosses 2023-07-31 SC044824 core:ShareCapital 2023-07-31 SC044824 core:SharePremium 2023-07-31 SC044824 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-07-31 SC044824 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-07-31 SC044824 core:CurrentFinancialInstruments 2023-07-31 SC044824 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 SC044824 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 SC044824 core:FurnitureFittings 2023-07-31 SC044824 core:LandBuildings core:LongLeaseholdAssets 2023-07-31 SC044824 core:MotorVehicles 2023-07-31 SC044824 core:OfficeEquipment 2023-07-31 SC044824 core:PlantMachinery 2023-07-31 xbrli:pure iso4217:GBP

Registration number: SC044824

Kestral Controls Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Kestral Controls Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

Accountants' Report

11

 

Kestral Controls Limited

Company Information

Directors

Mr William Hagan

Mr John Douglas Fullerton

Mrs Deborah Perrie Fullerton Scobbie

Company secretary

Mrs Deborah Perrie Fullerton Scobbie

Registered office

Burnside Industrial Estate
Kilsyth
Glasgow
G65 9JX

Accountants

EQ Accountants Ltd Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

 

Kestral Controls Limited

(Registration number: SC044824)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

158,186

179,724

Investment property

5

245,773

245,773

 

403,959

425,497

Current assets

 

Stocks

6

65,100

53,769

Debtors

7

390,976

249,655

Cash at bank and in hand

 

142,478

145,785

 

598,554

449,209

Creditors: Amounts falling due within one year

8

(397,380)

(234,240)

Net current assets

 

201,174

214,969

Total assets less current liabilities

 

605,133

640,466

Creditors: Amounts falling due after more than one year

8

(19,418)

(25,919)

Provisions for liabilities

(14,516)

(18,702)

Net assets

 

571,199

595,845

Capital and reserves

 

Called up share capital

9,402

9,402

Share premium reserve

1,956

1,956

Capital redemption reserve

598

598

Retained earnings

559,243

583,889

Shareholders' funds

 

571,199

595,845

For the financial year ending 31 July 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Kestral Controls Limited

(Registration number: SC044824)
Balance Sheet as at 31 July 2024

Approved and authorised by the Board on 28 April 2025 and signed on its behalf by:
 

.........................................
Mrs Deborah Perrie Fullerton Scobbie
Company secretary and director

 

Kestral Controls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Kestral Controls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

Reducing balance at 15%

Fixtures and fittings

Reducing balance at 15%

Motor vehicles

Reducing balance at 25%

Computer equipment

Straight line at 33%

Long leasehold

Straight line over the lease term

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Kestral Controls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

 

3

Employees and Directors

The average number of persons employed by the company (including directors) during the year, was 17 (2023 - 16).

 

Kestral Controls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Long leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 August 2023

104,082

34,224

113,836

44,665

161,313

Additions

-

-

3,839

2,570

-

At 31 July 2024

104,082

34,224

117,675

47,235

161,313

Depreciation

At 1 August 2023

28,844

31,984

90,271

41,481

85,816

Charge for the year

1,343

336

4,111

2,689

19,468

At 31 July 2024

30,187

32,320

94,382

44,170

105,284

Carrying amount

At 31 July 2024

73,895

1,904

23,293

3,065

56,029

At 31 July 2023

75,238

2,240

23,565

3,184

75,497

Total
£

Cost or valuation

At 1 August 2023

458,120

Additions

6,409

At 31 July 2024

464,529

Depreciation

At 1 August 2023

278,396

Charge for the year

27,947

At 31 July 2024

306,343

Carrying amount

At 31 July 2024

158,186

At 31 July 2023

179,724

Included within the net book value of land and buildings above is £73,894 (2023 - £75,238) in respect of long leasehold land and buildings.
 

 

Kestral Controls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

5

Investment properties

2024
£

At 1 August

245,773

At 31 July

245,773

There has been no valuation of investment property by an independent valuer.

6

Stocks

2024
£

2023
£

Work in progress

30,000

14,269

Other inventories

35,100

39,500

65,100

53,769

7

Debtors

Current

2024
£

2023
£

Trade debtors

357,879

221,452

Prepayments

3,445

4,047

Other debtors

29,652

24,156

 

390,976

249,655

 

Kestral Controls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

6,501

5,826

Trade creditors

 

219,430

114,687

Taxation and social security

 

95,987

72,351

Other creditors

 

75,462

41,376

 

397,380

234,240

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

19,418

25,919

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Hire purchase contracts

19,418

25,919

Current loans and borrowings

2024
£

2023
£

Hire purchase contracts

6,501

5,826

10

Related party transactions

Transactions with directors

 

Creditors include the following amounts which are owed to individuals who were directors of the company during the year:

 

Kestral Controls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

2024
 £

2023
 £

Mr W Hagan

40

40

Mrs D P Fullerton-Scobbie

1,196

8,872

Mr J D Fullerton

3,707

67

 

4,943

8,979

The maximum balance outstanding during the year amounted to £8,979.

The directors' current accounts are repayable on demand.

Included within other debtors are balances owed by John Syme & Co Ltd, Kestral Ex Ltd and Kestral Renewable Energies Ltd. These companies are under the common ownership of Deborah Perrie Fullerton-Scobbie and John Douglas Fullerton. The balances owed totalled £12,749 (2023: £7,749), £NIL (2023: £63) and £2,357 (2023: £2,357), respectively.

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Kestral Controls Limited
for the Year Ended 31 July 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Kestral Controls Limited for the year ended 31 July 2024 as set out on pages 2 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Kestral Controls Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Kestral Controls Limited and state those matters that we have agreed to state to the Board of Directors of Kestral Controls Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kestral Controls Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Kestral Controls Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Kestral Controls Limited. You consider that Kestral Controls Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Kestral Controls Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

EQ Accountants Ltd
Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

28 April 2025