Registration number:
A1 Kilt Hire Edinburgh Ltd
for the Year Ended 30 September 2024
A1 Kilt Hire Edinburgh Ltd
Contents
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
A1 Kilt Hire Edinburgh Ltd
(Registration number: SC575900)
Statement of Financial Position as at 30 September 2024
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Note |
2024 |
2023 |
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Current assets |
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Debtors |
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Capital and reserves |
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Called up share capital |
2 |
2 |
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Shareholders' funds |
2 |
2 |
For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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A1 Kilt Hire Edinburgh Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
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General information |
The Company is a private company limited by share capital, incorporated in Scotland.
The address of its registered office is:
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
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.
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.
A1 Kilt Hire Edinburgh Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Financial instruments
Classification
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Staff numbers |
The average number of persons employed by the Company (including Directors) during the year, was
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Debtors |
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Current |
2024 |
2023 |
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Other debtors |
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