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REGISTERED NUMBER: SC281605 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Kinross Electrical Services Limited

Kinross Electrical Services Limited (Registered number: SC281605)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Balance Sheet 1

Notes to the Financial Statements 3


Kinross Electrical Services Limited (Registered number: SC281605)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £   
FIXED ASSETS
Tangible assets 4 41,796 56,114

CURRENT ASSETS
Stocks 1,300 1,200
Debtors 5 37,103 17,070
Cash at bank 44,431 38,463
82,834 56,733
CREDITORS
Amounts falling due within one year 6 (92,999 ) (67,390 )
NET CURRENT LIABILITIES (10,165 ) (10,657 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,631

45,457

CREDITORS
Amounts falling due after more than one
year

7

(4,445

)

(15,529

)

PROVISIONS FOR LIABILITIES (9,420 ) (10,661 )
NET ASSETS 17,766 19,267

CAPITAL AND RESERVES
Called up share capital 11 11
Retained earnings 17,755 19,256
SHAREHOLDERS' FUNDS 17,766 19,267

Kinross Electrical Services Limited (Registered number: SC281605)

Balance Sheet - continued
31 March 2025


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.

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 14 July 2025 and were signed on its behalf by:




Mr S Kinross - Director



Mrs K Kinross - Director


Kinross Electrical Services Limited (Registered number: SC281605)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Kinross Electrical Services Limited is a private company, limited by shares, registered in Scotland. the company's registered number is SC281605 and the registered office is Unit 5 Gateway Business Park, Beancross Road, Grangemouth, Stirlingshire, FK3 8WX.

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 represents net invoices sales of goods and services in respect of electrician services, excluding value added tax. Sales are recognised at the point at which the good are delivered or the service is complete.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all
tangible fixed assets are depreciated to nil value.

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.

Kinross Electrical Services Limited (Registered number: SC281605)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is
determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024
and 31 March 2025 100,649
DEPRECIATION
At 1 April 2024 44,535
Charge for year 14,318
At 31 March 2025 58,853
NET BOOK VALUE
At 31 March 2025 41,796
At 31 March 2024 56,114

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2024
and 31 March 2025 39,350
DEPRECIATION
At 1 April 2024 7,230
Charge for year 8,030
At 31 March 2025 15,260
NET BOOK VALUE
At 31 March 2025 24,090
At 31 March 2024 32,120

Kinross Electrical Services Limited (Registered number: SC281605)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 34,485 14,633
Other debtors 2,618 2,437
37,103 17,070

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 3,000 3,000
Hire purchase contracts 8,084 8,084
Trade creditors 6,256 5,661
Taxation and social security 32,020 10,227
Other creditors 43,639 40,418
92,999 67,390

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 1,750 4,750
Hire purchase contracts 2,695 10,779
4,445 15,529

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Hire purchase contracts 10,779 18,863