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Company Registration No. SC591816 (Scotland)
Kwikscaff Scotland Ltd Unaudited accounts for the year ended 30 June 2025
Kwikscaff Scotland Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Kwikscaff Scotland Ltd Company Information for the year ended 30 June 2025
Director
FRANCIS LENIHAN
Company Number
SC591816 (Scotland)
Registered Office
88 Clark Street Paisley PA3 1RB United Kingdom
Accountants
STZ Accounting Ltd 48 West George Street SECOND FLOOR Glasgow UK G2 1BP
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Kwikscaff Scotland Ltd Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Called up share capital not paid
(1)
(1)
Fixed assets
Tangible assets
4
52,733
23,493
Current assets
Inventories
25,783
25,783
Debtors
5
43,312
7,556
Cash at bank and in hand
133,401
159,446
202,496
192,785
Creditors: amounts falling due within one year
6
(70,873)
(70,144)
Net current assets
131,623
122,641
Total assets less current liabilities
184,355
146,133
Creditors: amounts falling due after more than one year
7
(42,625)
(13,225)
Net assets
141,730
132,908
Capital and reserves
Capital contribution reserve
-
819
Profit and loss account
141,730
132,089
Shareholders' funds
141,730
132,908
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 July 2025 and were signed on its behalf by
FRANCIS LENIHAN Director Company Registration No. SC591816
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Kwikscaff Scotland Ltd Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Kwikscaff Scotland Ltd is a private company, limited by shares, registered in Scotland, registration number SC591816. The registered office is 88 Clark Street, Paisley, PA3 1RB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing Balance
Fixtures & fittings
10% Straight Line
Computer equipment
20% Straight Line
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Kwikscaff Scotland Ltd Notes to the Accounts for the year ended 30 June 2025
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 July 2024
41,109
-
582
41,691
Additions
24,500
12,940
-
37,440
At 30 June 2025
65,609
12,940
582
79,131
Depreciation
At 1 July 2024
18,081
-
117
18,198
Charge for the year
6,790
1,294
116
8,200
At 30 June 2025
24,871
1,294
233
26,398
Net book value
At 30 June 2025
40,738
11,646
349
52,733
At 30 June 2024
23,028
-
465
23,493
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
-
4,920
Trade debtors
25,821
-
Accrued income and prepayments
17,491
-
Other debtors
-
2,636
43,312
7,556
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
16,407
-
Trade creditors
21,137
-
Taxes and social security
1,211
28,434
Loans from directors
30,718
40,310
Accruals
1,400
1,400
70,873
70,144
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
42,625
13,225
8
Average number of employees
During the year the average number of employees was 6 (2024: 6).
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