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REGISTERED NUMBER: SC345139 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

KPH Kinellar Plant Hire Ltd.

KPH Kinellar Plant Hire Ltd. (Registered number: SC345139)






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


KPH Kinellar Plant Hire Ltd.

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Miss H Johannsdottir
F U Saemundsson





SECRETARY:





REGISTERED OFFICE: 6 Market Square
Oldmeldrum
INVERURIE
Aberdeenshire
AB51 0AA





REGISTERED NUMBER: SC345139 (Scotland)





ACCOUNTANTS: Add Accountancy Limited
6 Market Square
Oldmeldrum
Aberdeenshire
AB51 0AA

KPH Kinellar Plant Hire Ltd. (Registered number: SC345139)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 218,486 211,092

CURRENT ASSETS
Debtors 5 5,426 35,718
Cash at bank 735 11,091
6,161 46,809
CREDITORS
Amounts falling due within one year 6 123,923 145,116
NET CURRENT LIABILITIES (117,762 ) (98,307 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,724

112,785

CREDITORS
Amounts falling due after more than one year 7 - 11,333
NET ASSETS 100,724 101,452

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 100,624 101,352
SHAREHOLDERS' FUNDS 100,724 101,452

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.

KPH Kinellar Plant Hire Ltd. (Registered number: SC345139)

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 12 May 2025 and were signed on its behalf by:




Miss H Johannsdottir - Director



F U Saemundsson - Director


KPH Kinellar Plant Hire Ltd. (Registered number: SC345139)

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

1. STATUTORY INFORMATION

KPH Kinellar Plant Hire 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

KPH Kinellar Plant Hire Ltd. (Registered number: SC345139)

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 269,874
Additions 42,880
At 31 July 2024 312,754
DEPRECIATION
At 1 August 2023 58,782
Charge for year 35,486
At 31 July 2024 94,268
NET BOOK VALUE
At 31 July 2024 218,486
At 31 July 2023 211,092

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 1,026 27,923
Other debtors 4,400 7,795
5,426 35,718

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 103,398 123,333
Trade creditors 1 2,201
Taxation and social security 19,690 6,634
Other creditors 834 12,948
123,923 145,116

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans - 11,333