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Company Registration No. SC707355 (Scotland)
PHIL KYLE LIMITED Unaudited accounts for the year ended 31 August 2025
PHIL KYLE LIMITED Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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PHIL KYLE LIMITED Company Information for the year ended 31 August 2025
Director
Philip Kyle
Company Number
SC707355 (Scotland)
Registered Office
21 BROADSTRAIK CRESCENT ELRICK WESTHILL AB32 6JR UNITED KINGDOM
Accountants
A2Z Accounting Solutions Limited 26 Grandholm Grove Aberdeen AB22 8AX
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of PHIL KYLE LIMITED for the year ended 31 August 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PHIL KYLE LIMITED for the year ended 31 August 2025 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
A2Z Accounting Solutions Limited Chartered Certified Accountants 26 Grandholm Grove Aberdeen AB22 8AX 13 November 2025
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PHIL KYLE LIMITED Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
5,221
8,758
Current assets
Cash at bank and in hand
3,165
7,203
Creditors: amounts falling due within one year
5
(10,254)
(15,934)
Net current liabilities
(7,089)
(8,731)
Total assets less current liabilities
(1,868)
27
Provisions for liabilities
Deferred tax
(993)
(1,665)
Net liabilities
(2,861)
(1,638)
Capital and reserves
Called up share capital
10
10
Profit and loss account
(2,871)
(1,648)
Shareholders' funds
(2,861)
(1,638)
For the year ending 31 August 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 November 2025 and were signed on its behalf by
Philip Kyle Director Company Registration No. SC707355
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PHIL KYLE LIMITED Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
PHIL KYLE LIMITED is a private company, limited by shares, registered in Scotland, registration number SC707355. The registered office is 21 BROADSTRAIK CRESCENT ELRICK, WESTHILL, AB32 6JR, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% RB
Computer equipment
25% RB
Other tangible fixed assets
33% RB
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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PHIL KYLE LIMITED Notes to the Accounts for the year ended 31 August 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 September 2024
399
9,066
7,236
16,701
At 31 August 2025
399
9,066
7,236
16,701
Depreciation
At 1 September 2024
89
6,259
1,595
7,943
Charge for the year
133
1,993
1,411
3,537
At 31 August 2025
222
8,252
3,006
11,480
Net book value
At 31 August 2025
177
814
4,230
5,221
At 31 August 2024
310
2,807
5,641
8,758
5
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
2,905
3,902
Trade creditors
33
100
Taxes and social security
7,106
7,521
Other creditors
-
3,500
Loans from directors
210
911
10,254
15,934
6
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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