K & S Fabrication (Fife) Ltd - Filleted accounts

Registered number

SC633677

K & S Fabrication (Fife) Ltd

Filleted Accounts

30 June 2025

K & S Fabrication (Fife) Ltd
Registered number:		SC633677
Balance Sheet
as at 30 June 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		98,303			92,525

Current assets
Stocks		2,500			2,500
Debtors	4	5,486			18,396
Cash at bank and in hand		12,072			12,195
		20,058			33,091

Creditors: amounts falling due within one year	5	(22,843)			(18,820)

Net current (liabilities)/assets			(2,785)			14,271

Total assets less current liabilities			95,518			106,796

Creditors: amounts falling due after more than one year	6		(90,566)			(103,087)



Net assets			4,952			3,709

Capital and reserves
Called up share capital			100			100
Profit and loss account			4,852			3,609

Shareholders' funds			4,952			3,709

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.




S Smith
Director
Approved by the board on 1 December 2025

K & S Fabrication (Fife) Ltd
Notes to the Accounts
for the year ended 30 June 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. Where appropriate, depreciation is provided on at the following annual rates on all tangible fixed assets, other than freehold land, as follows:

	Plant and machinery			15% on a Reducing Balance basis
	Motor Vehicles			25% on a Reducing Balance basis
	Fixtures, fittings, tools and equipment			15% on a Reducing Balance basis

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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 in respect of the this period of accounts.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					2		2


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 July 2024	50,805		9,330		47,294		107,429
	Additions	-		1,741		14,945		16,686
	At 30 June 2025	50,805		11,071		62,239		124,115

	Depreciation
	At 1 July 2024	-		588		14,316		14,904
	Charge for the year	-		1,418		9,490		10,908
	At 30 June 2025	-		2,006		23,806		25,812

	Net book value
	At 30 June 2025	50,805		9,065		38,433		98,303
	At 30 June 2024	50,805		8,742		32,978		92,525


4	Debtors					2025		2024
£							£

	Trade debtors					2,613		1,175
	CIS deductions					1,870		5,618
	Retention					1,003		1,003
	Other debtors					-		10,600
						5,486		18,396


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

	Bank loans and overdrafts					-		168
	Trade creditors					7,380		13,608
	Corporation tax					10,063		6,562
	Other taxes and social security costs					2,573		(2,680)
	Other creditors					2,827		1,162
						22,843		18,820


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

	Director's accounts					294		98
	Bank loans					55,186		71,868
	Obligations under finance lease and hire purchase contracts					35,086		9,521
	Other creditors					-		21,600
						90,566		103,087


7	Other information

	K & S Fabrication (Fife) Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
	1 Victoria Road
	Kirkcaldy
	Fife
	KY1 1DT