REGISTERED NUMBER: SC251104 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Kemnay Autobody Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M D Lawrie

REGISTERED OFFICE:

Kemnay Road

Inverurie

Aberdeenshire

AB51 5NU

REGISTERED NUMBER:

SC251104 (Scotland)

ACCOUNTANTS:

BW Accountancy Services Limited

25a Market Place

Inverurie

AB51 3PU

FIXED ASSETS

Tangible assets

4

693,274

673,187

CURRENT ASSETS

Stocks

28,970

12,556

Debtors

5

46,690

49,848

Cash at bank

133,952

145,722

209,612

208,126

CREDITORS

Amounts falling due within one year

6

166,059

199,789

NET CURRENT ASSETS

43,553

8,337

TOTAL ASSETS LESS CURRENT LIABILITIES

736,827

681,524

CREDITORS

Amounts falling due after more than one year

7

(314,221

)

(299,921

)

PROVISIONS FOR LIABILITIES

(2,171

)

-

NET ASSETS

420,435

381,603

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

410,435

371,603

SHAREHOLDERS' FUNDS

420,435

381,603

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 14 May 2026 and were signed by:

Mr M D Lawrie - Director

1.	STATUTORY INFORMATION

Kemnay Autobody Limited 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 represents the amounts (excluding value added tax) derived from the provision of goods and services to customers. Revenue is recognised at the point of sale.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 April 2024

603,728

82,825

98,090

Additions

-

-

8,813

Disposals

-

-

(4,121

)

At 31 March 2025

603,728

82,825

102,782

DEPRECIATION

At 1 April 2024

-

32,481

92,456

Charge for year

-

12,586

3,572

Eliminated on disposal

-

-

(3,963

)

At 31 March 2025

-

45,067

92,065

NET BOOK VALUE

At 31 March 2025

603,728

37,758

10,717

At 31 March 2024

603,728

50,344

5,634

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

24,326

66,529

9,112

884,610

Additions

-

43,238

-

52,051

Disposals

-

(34,905

)

(2,623

)

(41,649

)

At 31 March 2025

24,326

74,862

6,489

895,012

DEPRECIATION

At 1 April 2024

21,812

55,941

8,733

211,423

Charge for year

629

12,980

83

29,850

Eliminated on disposal

-

(32,998

)

(2,574

)

(39,535

)

At 31 March 2025

22,441

35,923

6,242

201,738

NET BOOK VALUE

At 31 March 2025

1,885

38,939

247

693,274

At 31 March 2024

2,514

10,588

379

673,187

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

43,238

At 31 March 2025

43,238

DEPRECIATION

Charge for year

10,810

At 31 March 2025

10,810

NET BOOK VALUE

At 31 March 2025

32,428

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

39,781

49,848

Amounts recoverable on contract

2,713

-

Other debtors

4,196

-

46,690

49,848

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

13,008

26,523

Hire purchase contracts

5,000

2,766

Trade creditors

86,309

92,498

Taxation and social security

44,085

72,690

Other creditors

17,657

5,312

166,059

199,789

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

301,304

299,921

Hire purchase contracts

12,917

-

314,221

299,921

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

243,433

244,436

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

314,312

-

Bank borrowings are secured by means of a standard security over the company's property at Kemnay Autobody, Kemnay and a floating charge over the company's property, assets and rights.