Caroline Kirkpatrick Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC343518 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

Caroline Kirkpatrick Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C Kirkpatrick

REGISTERED OFFICE:

5 Seafield Crescent, Bilston, Roslin,

Scotland

EH25 9TD

REGISTERED NUMBER:

SC343518 (Scotland)

ACCOUNTANTS:

Dental Accountants Scotland Ltd

Specialist Dental Accountants & Advisors

Cornerstone House

Station Road

Selkirk

Borders

TD7 5DJ

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

13,211

108,638

13,211

108,638

CURRENT ASSETS

Stocks

1,378

-

Debtors

6

26,042

7,144

Cash at bank

17,188

-

44,608

7,144

CREDITORS

Amounts falling due within one year

7

32,790

53,716

NET CURRENT ASSETS/(LIABILITIES)

11,818

(46,572

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

25,029

62,066

CREDITORS

Amounts falling due after more than one year

8

26,495

110,531

NET LIABILITIES

(1,466

)

(48,465

)

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

(1,467

)

(48,466

)

(1,466

)

(48,465

)

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 her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 May 2026 and were signed by:

C Kirkpatrick - Director

1.	STATUTORY INFORMATION

Caroline Kirkpatrick 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

2% on cost

Plant and machinery

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

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 Income Statement, 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern

At 31 May 2025, the company's current assets exceeded its current liabilities by £47,108 and the company's liabilities exceeded its assets by £69,885.

The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

17,280

AMORTISATION

At 1 June 2024

and 31 May 2025

17,280

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

COST

At 1 June 2024

126,327

23,237

-

149,564

Additions

-

14,891

1,623

16,514

Disposals

(126,327

)

-

(126,327

)

At 31 May 2025

-

38,128

1,623

39,751

DEPRECIATION

At 1 June 2024

17,689

23,237

-

40,926

Charge for year

-

2,978

325

3,303

Eliminated on disposal

(17,689

)

-

(17,689

)

At 31 May 2025

-

26,215

325

26,540

NET BOOK VALUE

At 31 May 2025

-

11,913

1,298

13,211

At 31 May 2024

108,638

-

108,638

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Trade debtors

2,956

161

Directors' current accounts

23,086

-

Tax

-

6,983

26,042

7,144

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Bank loans and overdrafts (see note 9)

8,000

46,264

Trade creditors

3,530

1,502

Tax

14,652

110

Social security and other taxes

3,643

2,206

Pensions

340

-

Accrued expenses

2,625

3,634

32,790

53,716

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.5.25

31.5.24

£

Bank loans (see note 9)

26,495

110,531

31.5.25

31.5.24

£

Amounts falling due in more than five years:

Repayable by instalments

Bounce back loan

2,912

5,396

Mortgage > 5 yrs

-

69,971

2,912

75,367

9.

LOANS

An analysis of the maturity of loans is given below:

31.5.25

31.5.24

£

Amounts falling due within one year or on demand:

Bank overdrafts

-

36,264

Bank loans

8,000

Mortgage

-

2,000

8,000

46,264

Amounts falling due between one and two years:

Bank loans - 1-2 years

8,000

Mortgage 1-2 yrs

-

2,000

8,000

10,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

15,583

19,164

Mortgage 2-5 yrs

-

6,000

15,583

25,164

Amounts falling due in more than five years:

Repayable by instalments

Bounce back loan

2,912

5,396

Mortgage > 5 yrs

-

69,971

2,912

75,367

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

31.5.25

31.5.24

£

C Kirkpatrick

Balance outstanding at start of year

-

10,000

Amounts advanced

51,882

-

Amounts repaid

(26,139

)

(10,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

25,743

-