REGISTERED NUMBER: SC324384 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

Kfb Engineering & Agricultural Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr K F Bain

REGISTERED OFFICE:

Old Town Farm

Leochel

Cushnie

Alford

Aberdeenshire

AB33 8LQ

REGISTERED NUMBER:

SC324384 (Scotland)

ACCOUNTANTS:

SBP

Accountants

42 Queens Road

Aberdeen

AB15 4YE

FIXED ASSETS

Tangible assets

4

51,997

58,345

CURRENT ASSETS

Debtors

5

16,170

7,316

Cash at bank

4,290

9,811

20,460

17,127

CREDITORS

Amounts falling due within one year

6

19,569

19,271

NET CURRENT ASSETS/(LIABILITIES)

891

(2,144

)

TOTAL ASSETS LESS CURRENT LIABILITIES

52,888

56,201

CREDITORS

Amounts falling due after more than one year

7

(7,198

)

(11,997

)

PROVISIONS FOR LIABILITIES

(2,637

)

(3,665

)

NET ASSETS

43,053

40,539

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

43,049

40,535

43,053

40,539

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 January 2026 and were signed by:

Mr K F Bain - Director

1.	STATUTORY INFORMATION

Kfb Engineering & Agricultural Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

4% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Equipment

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 June 2024

37,078

63,165

14,634

Additions

1,834

-

-

Disposals

-

-

(2,291

)

At 31 May 2025

38,912

63,165

12,343

DEPRECIATION

At 1 June 2024

6,104

52,782

12,804

Charge for year

1,312

2,596

317

Eliminated on disposal

-

-

(2,045

)

At 31 May 2025

7,416

55,378

11,076

NET BOOK VALUE

At 31 May 2025

31,496

7,787

1,267

At 31 May 2024

30,974

10,383

1,830

Motor

vehicles

Equipment

Totals

£

£

£

COST

At 1 June 2024

25,195

13,871

153,943

Additions

-

-

1,834

Disposals

-

-

(2,291

)

At 31 May 2025

25,195

13,871

153,486

DEPRECIATION

At 1 June 2024

11,617

12,291

95,598

Charge for year

3,395

316

7,936

Eliminated on disposal

-

-

(2,045

)

At 31 May 2025

15,012

12,607

101,489

NET BOOK VALUE

At 31 May 2025

10,183

1,264

51,997

At 31 May 2024

13,578

1,580

58,345

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

16,170

6,600

Other debtors

-

716

16,170

7,316

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Hire purchase contracts

4,799

4,799

Trade creditors

-

4

Taxation and social security

10,966

11,798

Other creditors

3,804

2,670

19,569

19,271

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Hire purchase contracts

7,198

11,997