Company Registration No. SC318896 (Scotland)
Karen McKimmie Limited
Unaudited accounts
for the year ended 31 March 2025
Karen McKimmie Limited
Unaudited accounts
Contents
Karen McKimmie Limited
Company Information
for the year ended 31 March 2025
Secretary
Brodies Secretarial Services Limited
Company Number
SC318896 (Scotland)
Registered Office
Brodies House
31-33 Union Grove
Aberdeen
AB10 6SD
Accountants
Granite Accountants (Aberdeen) Limited
2 Queens Road
Aberdeen
AB15 4ZT
Karen McKimmie Limited
Statement of financial position
as at 31 March 2025
Tangible assets
3,174
4,146
Cash at bank and in hand
303,552
429,930
Creditors: amounts falling due within one year
(88,423)
(192,906)
Net current assets
355,451
365,966
Total assets less current liabilities
358,625
370,112
Provisions for liabilities
Net assets
357,927
369,663
Called up share capital
1
1
Profit and loss account
357,926
369,662
Shareholders' funds
357,927
369,663
For the year ending 31 March 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 her 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 11 December 2025 and were signed on its behalf by
Karen McKimmie
Director
Company Registration No. SC318896
Karen McKimmie Limited
Notes to the Accounts
for the year ended 31 March 2025
Karen McKimmie Limited is a private company, limited by shares, registered in Scotland, registration number SC318896. The registered office is Brodies House, 31-33 Union Grove, Aberdeen, AB10 6SD.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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.
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.
Karen McKimmie Limited
Notes to the Accounts
for the year ended 31 March 2025
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2024
18,573
10,725
29,298
At 31 March 2025
18,475
10,725
29,200
At 1 April 2024
14,615
10,537
25,152
Charge for the year
1,003
47
1,050
At 31 March 2025
15,442
10,584
26,026
At 31 March 2025
3,033
141
3,174
At 31 March 2024
3,958
188
4,146
Amounts falling due within one year
Trade debtors
65,347
26,090
Accrued income and prepayments
67,080
94,870
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
33,666
33,861
Taxes and social security
9,988
-
Loans from directors
418
81
Deferred income
39,081
135,999
Karen McKimmie Limited
Notes to the Accounts
for the year ended 31 March 2025
7
Operating lease commitments
2025
2024
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
12,000
16,000
Later than one year and not later than five years
-
12,000
8
Average number of employees
During the year the average number of employees was 3 (2024: 3).