Kay Building Contractors Limited

Registered number

SC281811

Filleted Accounts

31 March 2025

Kay Building Contractors Limited
Registered number:		SC281811
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,322,124			1,270,366

Current assets
Debtors	4	287,192			296,381
Cash at bank and in hand		791,754			940,787
		1,078,946			1,237,168

Creditors: amounts falling due within one year	5	(91,994)			(196,201)

Net current assets			986,952			1,040,967

Total assets less current liabilities			2,309,076			2,311,333

Creditors: amounts falling due after more than one year	6		(100,946)			(42,130)



Net assets			2,208,130			2,269,203

Capital and reserves
Called up share capital			4			4
Profit and loss account			2,208,126			2,269,199

Shareholders' funds			2,208,130			2,269,203

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Allan Kay
Director
Approved by the board on 16 December 2025

Kay Building Contractors Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold property			No depreciation
	Plant and machinery			25% Reducing Balance Method
	Motor vehicles			25% Reducing Balance Method

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					3		3


3	Tangible fixed assets
		Land and buildings		Plant and machinery		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	1,115,143		73,654		306,123		1,494,920
	Additions	-		-		197,500		197,500
	At 31 March 2025	1,115,143		73,654		334,118		1,522,915

	Depreciation
	At 1 April 2024	-		54,326		170,228		224,554
	Charge for the year	-		4,832		45,564		50,396
	At 31 March 2025	-		59,158		141,633		200,791

	Net book value
	At 31 March 2025	1,115,143		14,496		192,485		1,322,124
	At 31 March 2024	1,115,143		19,328		135,895		1,270,366


4	Debtors					2025		2024
£							£

	Trade debtors					-		5,952
	S455 Tax Debtor					57,277		57,784
	Loan To ECK Security Ltd					3,650		3,650
	Director's loan account					169,711		171,211
	Other Debtors					3,455		-
	Villa Deposit					(8,939)		(26,482)
	Prepayment					3,210		-
	Other debtors					58,828		84,266
						287,192		296,381


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					-		5,201
	Hire purchase loan					28,338		28,246
	Taxation and social security costs					17,095		127,582
	Other creditors					46,561		35,172
						91,994		196,201


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Hire purchase loan					100,946		42,130


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£

	Mr Allan Kay	170,211		37,124		(38,624)		168,711

		170,211		37,124		(38,624)		168,711


8	Related party transactions

	During the year, dividend of £16,015 paid to director. (2024 - £12,000)


9	Controlling party

	The Controlling party is Mr. Allan Kay


10	Other information

	Kay Building Contractors Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:

	98/10 Eastfield Industrial Estate
	Penicuik
	Scotland
	EH26 8HJ