REGISTERED NUMBER: SC259797 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Kilted Chef Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C E Wilson

Dr L J Wilson

REGISTERED OFFICE:

Eat On The Green (The Old Restaurant)

Udny Green

Ellon

Aberdeenshire

AB41 7RS

REGISTERED NUMBER:

SC259797 (Scotland)

ACCOUNTANTS:

SBP

Accountants

42 Queens Road

Aberdeen

AB15 4YE

FIXED ASSETS

Tangible assets

4

291,046

298,398

CURRENT ASSETS

Stocks

5,209

12,876

Debtors

5

11,353

107,667

Cash at bank

1,707

1,671

18,269

122,214

CREDITORS

Amounts falling due within one year

6

76,676

181,488

NET CURRENT LIABILITIES

(58,407

)

(59,274

)

TOTAL ASSETS LESS CURRENT LIABILITIES

232,639

239,124

CREDITORS

Amounts falling due after more than one year

7

(79,688

)

(98,333

)

PROVISIONS FOR LIABILITIES

(24,798

)

(25,458

)

NET ASSETS

128,153

115,333

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

9

71,844

71,844

Retained earnings

56,307

43,487

SHAREHOLDERS' FUNDS

128,153

115,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr C E Wilson - Director

Dr L J Wilson - Director

1.	STATUTORY INFORMATION

Kilted Chef 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.

Improvements to property

-

20% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 January 2024

and 31 December 2024

250,000

83,559

89,270

DEPRECIATION

At 1 January 2024

-

83,559

74,487

Charge for year

-

-

2,217

At 31 December 2024

-

83,559

76,704

NET BOOK VALUE

At 31 December 2024

250,000

-

12,566

At 31 December 2023

250,000

-

14,783

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

114,597

21,825

2,107

561,358

DEPRECIATION

At 1 January 2024

94,961

8,422

1,531

262,960

Charge for year

2,946

2,010

179

7,352

At 31 December 2024

97,907

10,432

1,710

270,312

NET BOOK VALUE

At 31 December 2024

16,690

11,393

397

291,046

At 31 December 2023

19,636

13,403

576

298,398

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

1,520

49,347

Other debtors

9,833

58,320

11,353

107,667

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

11,417

32,431

Hire purchase contracts

3,368

3,368

Trade creditors

25,517

92,009

Taxation and social security

9,058

37,908

Other creditors

27,316

15,772

76,676

181,488

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

67,317

75,706

Hire purchase contracts

2,427

5,794

Other creditors

9,944

16,833

79,688

98,333

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

21,648

30,037

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

78,734

87,123

The bank holds a floating charge and standard security over the assets of the company.

9.

RESERVES

Fair

value

reserve

£

At 1 January 2024

and 31 December 2024

71,844

10.	RELATED PARTY DISCLOSURES

At the balance sheet date, the amount due from Kilted Chef Services Ltd was £Nil (2023 - £646 creditor), a company of which Mr C Wilson is a director of.

11.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, who between them, own 100% of the issued share capital.