KF BRICKWORKS LIMITED


Directors	Ian Fleming
	Mark Kinnell


Registered Address	Unit 4, Lochgelly Business Park
	Auchterderran Road
	Lochgelly
	KY5 9HF


Registered Number	SC508882 (Scotland)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		248,079		278,796
			248,079		278,796
Current assets
Stocks		149,106		150,641
Debtors	4	1,042,441		1,024,354
Cash at bank and on hand		230,913		308,035
		1,422,460		1,483,030
Creditors amounts falling due within one year	5	(717,905)		(339,167)
Net current assets (liabilities)			704,555		1,143,863
Total assets less current liabilities			952,634		1,422,659
Creditors amounts falling due after one year	6		(90,433)		(48,949)
Provisions for liabilities			(42,519)		(48,190)
Net assets			819,682		1,325,520
Capital and reserves
Called up share capital			40		40
Profit and loss account			819,642		1,325,480
Shareholders' funds			819,682		1,325,520

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

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:

Ian Fleming
Director

Mark Kinnell
Director

Registered Company No. SC508882

KF BRICKWORKS LIMITED

Notes to the Financial Statements
for the year ended 31 December 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.

	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.

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: Plant and Machinery: 25% reducing balance Vehicles: 20% reducing balance Office Equipment: 25% reducing balance Buildings: NIL depreciation

	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.

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


		2024		2023
	Average number of employees during the year	10		7

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 January 24	81,220	12,518	222,658	3,580	319,976
Additions	-	609	27,000	963	28,572
Disposals	-	-	(29,000)	-	(29,000)
At 31 December 24	81,220	13,127	220,658	4,543	319,548
Depreciation and impairment
At 01 January 24	3,216	3,150	34,216	598	41,180
Charge for year	-	2,389	39,665	892	42,946
On disposals	-	-	(12,657)	-	(12,657)
At 31 December 24	3,216	5,539	61,224	1,490	71,469
Net book value
At 31 December 24	78,004	7,588	159,434	3,053	248,079
At 31 December 23	78,004	9,368	188,442	2,982	278,796

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	96,849	305,890
Other debtors	920,371	698,256
Prepayments and accrued income	25,221	20,208
Total	1,042,441	1,024,354

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	69,099	129,186
Bank borrowings and overdrafts	303,842	67,536
Taxation and social security	122,913	131,712
Other creditors	192,853	1,032
Accrued liabilities and deferred income	29,198	9,701
Total	717,905	339,167

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	90,433	48,949
Total	90,433	48,949