REGISTERED NUMBER: SC307563 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Kenneth Installations Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W Kenneth

Mrs S M Kenneth

SECRETARY:

Mrs S M Kenneth

REGISTERED OFFICE:

C/O McLay, McAlister & McGibbon LLP

145 St Vincent Street

Glasgow

G2 5JF

REGISTERED NUMBER:

SC307563 (Scotland)

ACCOUNTANTS:

McLay McAlister & McGibbon LLP

Chartered Accountants

145 St Vincent Street

Glasgow

G2 5JF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

99,595

89,798

99,595

89,798

CURRENT ASSETS

Stocks

129,719

107,500

Debtors

6

97,267

46,248

Prepayments and accrued income

-

1,333

Cash at bank

26

26

227,012

155,107

CREDITORS

Amounts falling due within one year

7

(235,263

)

(201,253

)

NET CURRENT LIABILITIES

(8,251

)

(46,146

)

TOTAL ASSETS LESS CURRENT LIABILITIES

91,344

43,652

CREDITORS

Amounts falling due after more than one year

8

(52,897

)

(3,195

)

PROVISIONS FOR LIABILITIES

(24,054

)

(22,449

)

NET ASSETS

14,393

18,008

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

14,391

18,006

SHAREHOLDERS' FUNDS

14,393

18,008

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2026 and were signed on its behalf by:

Mrs S M Kenneth - Director

1.	STATUTORY INFORMATION

Kenneth Installations 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 2006, is being amortised evenly over its estimated useful life of five 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.

Plant and machinery etc

-

25% on reducing balance, 25% on cost and 10% on cost

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

Stocks

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

Financial instruments

Debtors

Trade debtors and other debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts when there is objective evidence the asset is impaired.

Cash and cash equivalents

Cash and cash equivalent in the balance sheet comprise cash in hand and bank overdrafts. In the balance sheet bank overdrafts are shown in creditors amounts falling due within one year.

Creditors

Trade creditors and other creditors are recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2025 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

30,000

AMORTISATION

At 1 April 2025

and 31 March 2026

30,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

241,168

Additions

30,805

At 31 March 2026

271,973

DEPRECIATION

At 1 April 2025

151,370

Charge for year

21,008

At 31 March 2026

172,378

NET BOOK VALUE

At 31 March 2026

99,595

At 31 March 2025

89,798

Included within fixed assets are assets on hire purchase with a net book value of £29,881 (2025; £9,816).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

97,267

46,248

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

39,670

56,107

Hire purchase contracts (see note 9)

9,961

5,817

Trade creditors

86,003

69,431

Taxation and social security

81,136

37,482

Other creditors

18,493

32,416

235,263

201,253

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

43,928

2,226

Hire purchase contracts (see note 9)

8,969

969

52,897

3,195

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.26

31.3.25

£

£

Net obligations repayable:

Within one year

9,961

5,817

Between one and five years

8,969

969

18,930

6,786

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Bank overdrafts

28,022

19,041

Hire purchase contracts

18,930

6,786

46,952

25,827

The bank borrowings are supported by a floating charge over the asset of the company. Hire Purchase creditor is secured over the asset to which it relates.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is £10,921 due by the company to the directors' (2025: 28,028). The loan is interest free and repayable on demand.