KCR LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC208217

KCR LIMITED

Filleted Unaudited Financial Statements

31 July 2025

KCR LIMITED

Statement of Financial Position

31 July 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	40,616	47,241
Tangible assets	6	1,011,274	1,001,038
Investments	7	180	8,006
		------------	------------
		1,052,070	1,056,285

Current assets

Stocks		24,793	397,297
Debtors	8	4,486,982	4,496,324
Cash at bank and in hand		51,835	186,384
		------------	------------
		4,563,610	5,080,005

Creditors: amounts falling due within one year	9	3,582,839	3,838,745
		------------	------------
Net current assets		980,771	1,241,260
		------------	------------
Total assets less current liabilities		2,032,841	2,297,545

Creditors: amounts falling due after more than one year	10	481,583	645,513
		------------	------------
Net assets		1,551,258	1,652,032
		------------	------------

Capital and reserves

Called up share capital	29	29
Share premium account	–	( 124,998)
Capital redemption reserve	71	71
Profit and loss account	1,551,158	1,776,930
	------------	------------
Shareholders funds	1,551,258	1,652,032
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

KCR LIMITED

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 27 April 2026 , and are signed on behalf of the board by:

B Gibb

Director

Company registration number: SC208217

KCR LIMITED

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 24 Broadcroft, Kirkintilloch, Glasgow, G66 1HP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Development costs	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Long leasehold property	-	10% straight line
Plant and machinery	-	25% straight line
Fixtures and fittings	-	25% straight line
Motor vehicles	-	25% straight line

	Equipment	-	25% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Intangible assets

	Development costs
	£
Cost
At 1 August 2024 and 31 July 2025	66,250
	--------
Amortisation
At 1 August 2024	19,009
Charge for the year	6,625
	--------
At 31 July 2025	25,634
	--------
Carrying amount
At 31 July 2025	40,616
	--------
At 31 July 2024	47,241
	--------

6. Tangible assets

	Long leasehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Aug 2024	35,344	852,065	14,248	1,918,578	98,738	2,918,973
Additions	–	65,040	–	549,333	15,856	630,229
Disposals	–	–	–	( 412,283)	( 16,047)	( 428,330)
	--------	---------	--------	------------	--------	------------
At 31 Jul 2025	35,344	917,105	14,248	2,055,628	98,547	3,120,872
	--------	---------	--------	------------	--------	------------
Depreciation
At 1 Aug 2024	35,343	500,041	12,999	1,296,074	73,478	1,917,935
Charge for the year	1	154,208	428	448,586	16,768	619,991
Disposals	–	–	–	( 412,282)	( 16,046)	( 428,328)
	--------	---------	--------	------------	--------	------------
At 31 Jul 2025	35,344	654,249	13,427	1,332,378	74,200	2,109,598
	--------	---------	--------	------------	--------	------------
Carrying amount
At 31 Jul 2025	–	262,856	821	723,250	24,347	1,011,274
	--------	---------	--------	------------	--------	------------
At 31 Jul 2024	1	352,024	1,249	622,504	25,260	1,001,038
	--------	---------	--------	------------	--------	------------

7. Investments

	Shares in group undertakings	Loans to group undertakings	Total
	£	£	£
Cost
At 1 August 2024	180	7,826	8,006
Disposals	–	( 7,826)	(7,826)
	----	-------	-------
At 31 July 2025	180	–	180
	----	-------	-------
Impairment
At 1 August 2024 and 31 July 2025	–	–	–
	----	-------	-------

Carrying amount
At 31 July 2025	180	–	180
	----	-------	-------
At 31 July 2024	180	7,826	8,006
	----	-------	-------

8. Debtors

	2025	2024
	£	£
Trade debtors	4,431,722	4,453,936
Amounts owed by group undertakings and undertakings in which the company has a participating interest	22,292	–
Other debtors	32,968	42,388
	------------	------------
	4,486,982	4,496,324
	------------	------------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	3,225,061	3,213,088
Social security and other taxes	346,121	290,706
Other creditors	11,657	334,951
	------------	------------
	3,582,839	3,838,745
	------------	------------

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	481,583	645,513
	---------	---------

11. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2025	2024
	£	£

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss	1	1
	----	----

12. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
S Gibb	( 11,900)	6,081	( 5,819)
B Gibb	( 2,402)	( 3,436)	( 5,838)
	--------	-------	--------
	( 14,302)	2,645	( 11,657)
	--------	-------	--------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
S Gibb	( 17,004)	5,105	(11,899)
B Gibb	( 4,180)	1,777	(2,403)
	--------	-------	--------
	( 21,184)	6,882	( 14,302)
	--------	-------	--------

13. Related party transactions

KCR Projects Limited is a 90% subsidiary of KCR Limited. During 2025 the company incurred expenses from KCR Projects Limited of £1,171,331 (2024 - £816,969) and recharged management charges and expense of £235,682 (2024 - £267,557) which were both recharged under normal commercial terms. Common Lane Consultancy Limited is a 90% subsidiary of KCR Limited. During 2025 the company incurred expenses from Common Lane Consultancy Limited of £12,221,079 (2024 - £11,991,749) and recharged management charges and expense of £311,026 (2024 - £304,030) which were both recharged under normal commercial terms. As at 31st July 2025 Common Lane Consultancy Limited was owed £22,292 to the company (2024 - £nil) and this amount is included within other creditors.