KB Store (St Andrews) Ltd

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of KB Store (St Andrews) Ltd for the year ended 30 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of KB Store (St Andrews) Ltd for the year ended 30 April 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of KB Store (St Andrews) Ltd , as a body, in accordance with the terms of our engagement letter dated 01 April 2020. Our work has been undertaken solely to prepare for your approval the accounts of KB Store (St Andrews) Ltd and state those matters that we have agreed to state to the directors of KB Store (St Andrews) Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KB Store (St Andrews) Ltd and its directors, as a body, for our work or for this report.

It is your duty to ensure that KB Store (St Andrews) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of KB Store (St Andrews) Ltd . You consider that KB Store (St Andrews) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of KB Store (St Andrews) Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

7th October 2025

Gillespie's Fife

Accountants

Fric Ajax Way

Methil

Leven

KY8 3RS

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KB Store (St Andrews) Ltd

Balance Sheet

As At 30 April 2025

Balance Sheet

Registered number: SC374172

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		241,427		253,492

			241,427		253,492
CURRENT ASSETS
Stocks	5	50,000		50,000
Debtors	6	26,747		52,643
Cash at bank and in hand		30,043		17,435

		106,790		120,078
Creditors: Amounts Falling Due Within One Year	7	(263,339 )		(257,015 )

NET CURRENT ASSETS (LIABILITIES)			(156,549 )		(136,937 )

TOTAL ASSETS LESS CURRENT LIABILITIES			84,878		116,555

Creditors: Amounts Falling Due After More Than One Year	8		(18,449 )		(24,432 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,189 )		(1,189 )

NET ASSETS			65,240		90,934

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and Loss Account			65,238		90,932

SHAREHOLDERS' FUNDS			65,240		90,934

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KB Store (St Andrews) Ltd

Balance Sheet (continued)

As At 30 April 2025

For the year ending 30 April 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Anila Anwar

Director

7th October 2025

The notes on pages 4 to 7 form part of these financial statements.

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KB Store (St Andrews) Ltd

Notes to the Financial Statements

For The Year Ended 30 April 2025

Notes to the Financial Statements

1. General Information

KB Store (St Andrews) Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC374172 . The registered office is 20a Burnside, Balmullo, St. Andrews, Fife, KY16 0AW.

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. 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:

Freehold	2% straight line
Plant & Machinery	20% reducing balance
Motor Vehicles	20% reducing balance
Fixtures & Fittings	20% reducing balance
Computer Equipment	33.33% straight line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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KB Store (St Andrews) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

2.6. Taxation

Corporation 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 8 (2024: 10)

4. Tangible Assets

	Land & Property
	Freehold	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 May 2024	233,343	35,910	30,644	4,316	304,213

As at 30 April 2025	233,343	35,910	30,644	4,316	304,213

Depreciation
As at 1 May 2024	14,463	7,182	26,560	2,516	50,721
Provided during the period	4,667	5,746	817	835	12,065

As at 30 April 2025	19,130	12,928	27,377	3,351	62,786

Net Book Value
As at 30 April 2025	214,213	22,982	3,267	965	241,427

As at 1 May 2024	218,880	28,728	4,084	1,800	253,492

5. Stocks

	2025	2024
	£	£
Stock	50,000	50,000

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KB Store (St Andrews) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	1,365	774
VAT	5,241	-
Directors' loan accounts	20,141	51,869

	26,747	52,643

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	5,983	5,983
Trade creditors	21,520	15,373
Bank loans and overdrafts	234,187	227,333
Corporation tax	586	-
Other taxes and social security	453	386
VAT	-	5,530
Accruals and deferred income	610	2,410

	263,339	257,015

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	18,449	24,432

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	5,983	5,983
Later than one year and not later than five years	18,449	24,432

	24,432	30,415

	24,432	30,415

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

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KB Store (St Andrews) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 May 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 30 April 2025
	£	£	£	£	£
Mrs Anila Anwar	25,934	36,307	52,171	-	10,070
Mr Muhammad Shahid	25,935	36,307	52,171	-	10,071

The above loan is unsecured, interest free and repayable on demand.

12. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	51,870	32,500

Final dividends of £20,200 for the year ended 30 April 2025 were declared on 30 September 2025.

13. Ultimate Controlling Party

The company's ultimate controlling parties are Mrs Anila Anwar & Mr Muhammad Shahid by virtue of ownership of 100% of the issued share capital in the company.

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