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REGISTERED NUMBER: SC668200 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

KY Building Ltd

KY Building Ltd (Registered number: SC668200)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KY Building Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: R A Milligan
Miss K E Thompson





SECRETARY: Miss K E Thompson





REGISTERED OFFICE: 70 North Street
Annan
Dumfries & Galloway
DG12 5DQ





REGISTERED NUMBER: SC668200 (Scotland)





ACCOUNTANTS: CMCA Accounting
25A Buccleuch Street
Dumfries
Dumfries & Galloway
DG1 2AT

KY Building Ltd (Registered number: SC668200)

Balance Sheet
31 July 2024

31.7.23 31.7.24
£    £    Notes £   
FIXED ASSETS
8,117 Tangible assets 4 16,157

CURRENT ASSETS
6,893 Debtors 5 4,536
10,691 Cash at bank 14,307
17,584 18,843
CREDITORS
6,651 Amounts falling due within one year 6 8,822
10,933 NET CURRENT ASSETS 10,021
19,050 TOTAL ASSETS LESS CURRENT
LIABILITIES

26,178

1,542 PROVISIONS FOR LIABILITIES 3,070
17,508 NET ASSETS 23,108

CAPITAL AND RESERVES
2 Called up share capital 2
17,506 Retained earnings 23,106
17,508 23,108

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

KY Building Ltd (Registered number: SC668200)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2025 and were signed on its behalf by:





R A Milligan - Director


KY Building Ltd (Registered number: SC668200)

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

1. STATUTORY INFORMATION

KY Building 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 - 15% on cost

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 2 (2023 - 3 ) .

KY Building Ltd (Registered number: SC668200)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 11,628
Additions 10,947
At 31 July 2024 22,575
DEPRECIATION
At 1 August 2023 3,511
Charge for year 2,907
At 31 July 2024 6,418
NET BOOK VALUE
At 31 July 2024 16,157
At 31 July 2023 8,117

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 4,536 5,360
Other debtors - 1,533
4,536 6,893

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Taxation and social security 2,366 1,336
Other creditors 6,456 5,315
8,822 6,651

7. RELATED PARTY DISCLOSURES

At 31 July 2024 an amount of £5,907 (2023- £4,176 was owed to the company directors by way of a directors loan account. This sum is repayable on demand.

Dividends of £1,000 were paid to directors.