IRIS Accounts Production v25.1.3.33 SC396829 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3968292024-03-31SC3968292025-03-31SC3968292024-04-012025-03-31SC3968292023-03-31SC3968292023-04-012024-03-31SC3968292024-03-31SC396829ns15:Scotland2024-04-012025-03-31SC396829ns14:PoundSterling2024-04-012025-03-31SC396829ns10:Director12024-04-012025-03-31SC396829ns10:PrivateLimitedCompanyLtd2024-04-012025-03-31SC396829ns10:SmallEntities2024-04-012025-03-31SC396829ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-31SC396829ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-31SC396829ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-31SC396829ns10:FullAccounts2024-04-012025-03-31SC39682912024-04-012025-03-31SC396829ns10:Director22024-04-012025-03-31SC396829ns10:RegisteredOffice2024-04-012025-03-31SC396829ns5:CurrentFinancialInstruments2025-03-31SC396829ns5:CurrentFinancialInstruments2024-03-31SC396829ns5:ShareCapital2025-03-31SC396829ns5:ShareCapital2024-03-31SC396829ns5:RetainedEarningsAccumulatedLosses2025-03-31SC396829ns5:RetainedEarningsAccumulatedLosses2024-03-31SC396829ns5:NetGoodwill2024-04-012025-03-31SC396829ns5:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-31SC396829ns5:LeaseholdImprovements2024-04-012025-03-31SC396829ns5:FurnitureFittings2024-04-012025-03-31SC396829ns5:MotorVehicles2024-04-012025-03-31SC396829ns5:ComputerEquipment2024-04-012025-03-31SC396829ns5:NetGoodwill2024-03-31SC396829ns5:NetGoodwill2025-03-31SC396829ns5:NetGoodwill2024-03-31SC396829ns5:LeaseholdImprovements2024-03-31SC396829ns5:FurnitureFittings2024-03-31SC396829ns5:MotorVehicles2024-03-31SC396829ns5:ComputerEquipment2024-03-31SC396829ns5:LeaseholdImprovements2025-03-31SC396829ns5:FurnitureFittings2025-03-31SC396829ns5:MotorVehicles2025-03-31SC396829ns5:ComputerEquipment2025-03-31SC396829ns5:LeaseholdImprovements2024-03-31SC396829ns5:FurnitureFittings2024-03-31SC396829ns5:MotorVehicles2024-03-31SC396829ns5:ComputerEquipment2024-03-31SC396829ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-31SC396829ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31
REGISTERED NUMBER: SC396829 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

KIRN LTD

KIRN LTD (REGISTERED NUMBER: SC396829)






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


KIRN LTD

COMPANY INFORMATION
For The Year Ended 31 March 2025







DIRECTORS: Ronald Miller Harris
Elizabeth Ann Harris





REGISTERED OFFICE: 1 Galloway Place
Fort William
Inverness-shire
PH33 6UH





REGISTERED NUMBER: SC396829 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

KIRN LTD (REGISTERED NUMBER: SC396829)

BALANCE SHEET
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 41,162 48,822
41,162 48,822

CURRENT ASSETS
Debtors 6 35,028 41,639
Cash at bank and in hand 91,544 62,069
126,572 103,708
CREDITORS
Amounts falling due within one year 7 28,815 9,403
NET CURRENT ASSETS 97,757 94,305
TOTAL ASSETS LESS CURRENT
LIABILITIES

138,919

143,127

PROVISIONS FOR LIABILITIES 10,121 6,087
NET ASSETS 128,798 137,040

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 128,796 137,038
SHAREHOLDERS' FUNDS 128,798 137,040

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.

KIRN LTD (REGISTERED NUMBER: SC396829)

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 5 June 2025 and were signed on its behalf by:





Ronald Miller Harris - Director


KIRN LTD (REGISTERED NUMBER: SC396829)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2025

1. STATUTORY INFORMATION

Kirn 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

KIRN LTD (REGISTERED NUMBER: SC396829)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 10,000
AMORTISATION
At 1 April 2024
and 31 March 2025 10,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 58,933 1,920 35,400 16,190 112,443
Additions - - - 3,413 3,413
At 31 March 2025 58,933 1,920 35,400 19,603 115,856
DEPRECIATION
At 1 April 2024 37,583 1,521 9,824 14,693 63,621
Charge for year 2,947 60 6,394 1,672 11,073
At 31 March 2025 40,530 1,581 16,218 16,365 74,694
NET BOOK VALUE
At 31 March 2025 18,403 339 19,182 3,238 41,162
At 31 March 2024 21,350 399 25,576 1,497 48,822

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 33,862 40,896
Other debtors 1,166 743
35,028 41,639

KIRN LTD (REGISTERED NUMBER: SC396829)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 2,252 1,460
Taxation and social security 7,250 3,147
Other creditors 19,313 4,796
28,815 9,403

8. CONTROL

The company is controlled by Mr and Mrs Harris as they are the directors and the only shareholders.