| K2 Marketing Solutions Limited |
| Registered number: |
SC234098 |
| Balance Sheet |
| as at 31 October 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
7,361 |
|
|
7,994 |
|
| Current assets |
| Debtors |
5 |
|
18,183 |
|
|
29,442 |
| Cash at bank and in hand |
|
|
65,283 |
|
|
79,737 |
|
|
|
83,466 |
|
|
109,179 |
|
| Creditors: amounts falling due within one year |
6 |
|
(16,302) |
|
|
(18,351) |
|
| Net current assets |
|
|
|
67,164 |
|
|
90,828 |
|
| Total assets less current liabilities |
|
|
|
74,525 |
|
|
98,822 |
|
|
| Provisions for liabilities |
|
|
|
(760) |
|
|
(760) |
|
|
| Net assets |
|
|
|
73,765 |
|
|
98,062 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
73,665 |
|
|
97,962 |
|
| Shareholders' funds |
|
|
|
73,765 |
|
|
98,062 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| S Kennedy |
| Director |
| Approved by the board on 10 July 2026 |
|
| K2 Marketing Solutions Limited |
| Notes to the Accounts |
| for the year ended 31 October 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold buildings |
over 50 years |
|
Leasehold land and buildings |
over the lease term |
|
Plant and machinery |
15% Reducing Balance |
|
Fixtures, fittings, tools and equipment |
15% Reducing Balance |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
4 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 November 2024 |
25,000 |
|
At 31 October 2025 |
25,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 November 2024 |
25,000 |
|
At 31 October 2025 |
25,000 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 November 2024 |
15,636 |
|
Additions |
573 |
|
At 31 October 2025 |
16,209 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2024 |
7,642 |
|
Charge for the year |
1,206 |
|
At 31 October 2025 |
8,848 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2025 |
7,361 |
|
At 31 October 2024 |
7,994 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
15,183 |
|
24,342 |
|
Other debtors |
3,000 |
|
5,100 |
|
|
|
|
|
|
18,183 |
|
29,442 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
378 |
|
750 |
|
Trade creditors |
1,035 |
|
1,323 |
|
Taxation and social security costs |
12,443 |
|
14,936 |
|
Other creditors |
2,446 |
|
1,342 |
|
|
|
|
|
|
16,302 |
|
18,351 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
K2 Marketing Solutions Limited is a private company limited by shares and incorporated in Scotland. Its registered office is: |
|
31 West Vows Walk |
|
Kirkcaldy |
|
Fife |
|
KY11RX |