Company Registration No. SC705885 (Scotland)
KAY ROOFING LTD
Unaudited accounts
for the year ended 31 August 2024
KAY ROOFING LTD
Unaudited accounts
Contents
KAY ROOFING LTD
Company Information
for the year ended 31 August 2024
Directors
Gary Kay
Sheryl Kay
Company Number
SC705885 (Scotland)
Registered Office
33 NEWMARKET STREET
AYR
KA7 1LL
SCOTLAND
Accountants
McKinnon & Co Ltd ACPA
33 Newmarket Street
Ayr
Ayrshire
KA7 1LL
KAY ROOFING LTD
Statement of financial position
as at 31 August 2024
Tangible assets
132,462
118,077
Cash at bank and in hand
22,378
28,922
Creditors: amounts falling due within one year
(16,381)
(14,579)
Net current assets
41,452
48,403
Total assets less current liabilities
173,914
166,480
Creditors: amounts falling due after more than one year
(142,496)
(164,348)
Called up share capital
100
100
Profit and loss account
31,318
2,032
Shareholders' funds
31,418
2,132
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by
Gary Kay
Director
Company Registration No. SC705885
KAY ROOFING LTD
Notes to the Accounts
for the year ended 31 August 2024
KAY ROOFING LTD is a private company, limited by shares, registered in Scotland, registration number SC705885. The registered office is 33 NEWMARKET STREET, AYR, KA7 1LL, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 September 2023
77,085
64,532
141,617
At 31 August 2024
115,085
64,532
179,617
At 1 September 2023
6,155
17,385
23,540
Charge for the year
14,186
9,429
23,615
At 31 August 2024
20,341
26,814
47,155
At 31 August 2024
94,744
37,718
132,462
At 31 August 2023
70,930
47,147
118,077
Amounts falling due within one year
Trade debtors
32,268
31,404
KAY ROOFING LTD
Notes to the Accounts
for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
11,247
4,785
Taxes and social security
3,690
4,104
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
51,000
51,000
Loans from directors
69,101
88,646
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).