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KINGDOM KILTS (UK) LIMITED

Registered Number
SC254382
(Scotland)

Unaudited Financial Statements for the Year ended
30 November 2024

KINGDOM KILTS (UK) LIMITED
Company Information
for the year from 1 December 2023 to 30 November 2024

Directors

Andrew Mathieson
Marion Mathieson

Registered Address

34 North Street
Glenrothes
KY7 5NA

Registered Number

SC254382 (Scotland)
KINGDOM KILTS (UK) LIMITED
Balance Sheet as at
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3221,310239,697
221,310239,697
Current assets
Stocks21,02018,520
Debtors49931,439
Cash at bank and on hand28,06634,174
50,07954,133
Creditors amounts falling due within one year5(123,209)(126,567)
Net current assets (liabilities)(73,130)(72,434)
Total assets less current liabilities148,180167,263
Creditors amounts falling due after one year6(42,453)(50,521)
Provisions for liabilities(7,704)(10,310)
Net assets98,023106,432
Capital and reserves
Called up share capital100100
Profit and loss account97,923106,332
Shareholders' funds98,023106,432
The financial statements were approved and authorised for issue by the Board of Directors on 27 August 2025, and are signed on its behalf by:
Andrew Mathieson
Director
Registered Company No. SC254382
KINGDOM KILTS (UK) LIMITED
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
The financial statements have been prepared on the going concern basis. The directors find it appropriate for the financial statements to be prepared on this basis despite the net current liability position of the company. The company is reliant upon the continued support of the directors who have confirmed they will not withdraw their directors loan account to the detriment of other creditors.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
The company operates a defined contribution pension scheme. Contributions payable to the companys pension scheme are charged to profit or loss in the period to which they relate.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-50
Plant and machinery20-
Vehicles25-
Office Equipment-3
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease. Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Stocks and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value.
2.Average number of employees

20242023
Average number of employees during the year66
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Office Equipment

Total

£££££
Cost or valuation
At 01 December 23239,1595,53063,61116,588324,888
At 30 November 24239,1595,53063,61116,588324,888
Depreciation and impairment
At 01 December 2348,8133,03518,54914,79485,191
Charge for year5,65349911,26597018,387
At 30 November 2454,4663,53429,81415,764103,578
Net book value
At 30 November 24184,6931,99633,797824221,310
At 30 November 23190,3462,49545,0621,794239,697
4.Debtors: amounts due within one year

2024

2023

££
Prepayments and accrued income9931,439
Total9931,439
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables9,12112,980
Bank borrowings and overdrafts7,1428,150
Taxation and social security11,9078,911
Finance lease and HP contracts4,0333,697
Other creditors90,87085,769
Accrued liabilities and deferred income1367,060
Total123,209126,567
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts38,43642,471
Other creditors4,0178,050
Total42,45350,521
The bank hold a standard security over the land and buildings and a floating charge over all assets of the company.