K&E Stackhouse Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

1. General Information

K&E Stackhouse Limited is a private company, limited by shares, incorporated in Scotland, registered number SC649255 . The registered office is Coast Business Centre Ainslie Street, West Pitkerro Industrial Estate, Dundee, DD5 3RR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the income statement over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	20% Reducing Balance
Computer Equipment	33.33% Straight Line

2.5. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabililities.

Basic financial liabilities

...CONTINUED

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K&E Stackhouse Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Financial Instruments - continued

Basic financial liabilities including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, areinitially recognised at transaction price unless the arrangement constitiutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabiilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised ost, using the effective interest rate method.Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as noncurrent liabilties. Trade creditors are recognised initally at transaction price and subsequently measured at amortised cost using the effective interest method.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	31,588

As at 31 December 2024	31,588

Amortisation
As at 1 January 2024	25,270
Provided during the period	6,318

As at 31 December 2024	31,588

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	6,318

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K&E Stackhouse Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	648	6,979	130	1,732	9,489
Additions	-	-	-	3,323	3,323

As at 31 December 2024	648	6,979	130	5,055	12,812

Depreciation
As at 1 January 2024	388	2,371	47	1,523	4,329
Provided during the period	64	1,338	16	1,212	2,630

As at 31 December 2024	452	3,709	63	2,735	6,959

Net Book Value
As at 31 December 2024	196	3,270	67	2,320	5,853

As at 1 January 2024	260	4,608	83	209	5,160

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	787	791

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	1	-
Other creditors	70,704	75,662
Taxation and social security	5,173	4,786

	75,878	80,448

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		6,318
Tangible Assets	5		5,853		5,160

			5,853		11,478
CURRENT ASSETS
Debtors	6	787		791
Cash at bank and in hand		41,929		26,443

		42,716		27,234
Creditors: Amounts Falling Due Within One Year	7	(75,878 )		(80,448 )

NET CURRENT ASSETS (LIABILITIES)			(33,162 )		(53,214 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(27,309 )		(41,736 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,112 )		(981 )

NET LIABILITIES			(28,421 )		(42,717 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Income Statement			(28,521 )		(42,817 )

SHAREHOLDERS' FUNDS			(28,421)		(42,717)