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REGISTERED NUMBER: SC199533 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 March 2025

for

A R KENNEDY DECORATORS AND PAINTING
CONTRACTORS LTD.

A R KENNEDY DECORATORS AND PAINTING
CONTRACTORS LTD. (REGISTERED NUMBER: SC199533)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A R KENNEDY DECORATORS AND PAINTING
CONTRACTORS LTD.

Company Information
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: A R Kennedy
Mrs A Kennedy
J McLellan
S A Ross



REGISTERED OFFICE: 6th Floor, Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ



REGISTERED NUMBER: SC199533 (Scotland)



ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ



BANKERS: The Royal Bank of Scotland plc
24/25 Princes Square
East Kilbride
Lanarkshire
G74 1LJ

A R KENNEDY DECORATORS AND PAINTING
CONTRACTORS LTD. (REGISTERED NUMBER: SC199533)

Balance Sheet
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 110,017 87,904

CURRENT ASSETS
Stocks 5 69,832 58,552
Debtors 6 2,134 2,614
Cash at bank and in hand 175,919 54,279
247,885 115,445
CREDITORS
Amounts falling due within one year 7 138,823 91,360
NET CURRENT ASSETS 109,062 24,085
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,079

111,989

CREDITORS
Amounts falling due after more than one
year

8

16,451

-
NET ASSETS 202,628 111,989

CAPITAL AND RESERVES
Called up share capital 126 126
Retained earnings 202,502 111,863
SHAREHOLDERS' FUNDS 202,628 111,989

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

A R KENNEDY DECORATORS AND PAINTING
CONTRACTORS LTD. (REGISTERED NUMBER: SC199533)

Balance Sheet - continued
31 MARCH 2025


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 16 April 2025 and were signed on its behalf by:





A R Kennedy - Director


A R KENNEDY DECORATORS AND PAINTING
CONTRACTORS LTD. (REGISTERED NUMBER: SC199533)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

A R Kennedy Decorators and Painting 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 - 20% on a reducing balance basis
Fixtures and fittings - 25% on a reducing balance basis
Motor vehicles - 25% on a reducing balance basis
Computer equipment - 25% on a reducing balance basis

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


A R KENNEDY DECORATORS AND PAINTING
CONTRACTORS LTD. (REGISTERED NUMBER: SC199533)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. 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.

Fixed asset investments
Investments held as fixed assets are stated at cost, together with subsequent capital contributions, less any provisions for impairment. Investments are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairments are calculated such that the carrying value of the fixed asset investment is the lower of its cost or recoverable amount. Recoverable amount is the higher of its net realisable value and its value in use.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2024 - 31 ) .

A R KENNEDY DECORATORS AND PAINTING
CONTRACTORS LTD. (REGISTERED NUMBER: SC199533)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 4,524 7,299 193,365 16,227 221,415
Additions - 143 47,159 - 47,302
Disposals - - (44,620 ) - (44,620 )
At 31 March 2025 4,524 7,442 195,904 16,227 224,097
DEPRECIATION
At 1 April 2024 4,215 6,786 107,070 15,440 133,511
Charge for year 62 164 19,367 197 19,790
Eliminated on disposal - - (39,221 ) - (39,221 )
At 31 March 2025 4,277 6,950 87,216 15,637 114,080
NET BOOK VALUE
At 31 March 2025 247 492 108,688 590 110,017
At 31 March 2024 309 513 86,295 787 87,904

5. STOCKS
2025 2024
£    £   
Work-in-progress 69,832 58,552

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Prepayments and accrued income 2,134 2,614

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 12,065 -
Trade creditors 34,724 36,355
Other creditors 956 478
Current corporation tax 33,324 2,239
Social security and other taxes 21,740 17,912
Directors' current accounts 3 100
Accruals & deferred income 36,011 34,276
138,823 91,360

A R KENNEDY DECORATORS AND PAINTING
CONTRACTORS LTD. (REGISTERED NUMBER: SC199533)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts 16,451 -