KINGDOM KILTS (UK) LIMITED


Directors	Andrew Mathieson
	Marion Mathieson


Company Secretary	Andrew Mathieson


Registered Address	34 North Street
	Glenrothes
	KY7 5NA


Registered Number	SC254382 (Scotland)

Balance Sheet as at
30 November 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		230,677		221,310
			230,677		221,310
Current assets
Stocks		22,770		21,020
Debtors	4	2,707		993
Cash at bank and on hand		37,828		28,066
		63,305		50,079
Creditors amounts falling due within one year	5	(135,441)		(123,209)
Net current assets (liabilities)			(72,136)		(73,130)
Total assets less current liabilities			158,541		148,180
Creditors amounts falling due after one year	6		(48,124)		(42,453)
Provisions for liabilities			(9,773)		(7,704)
Net assets			100,644		98,023
Capital and reserves
Called up share capital			100		100
Profit and loss account			100,544		97,923
Shareholders' funds			100,644		98,023

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 23 June 2026, and are signed on its behalf by:

Andrew Mathieson
Director
Registered Company No. SC254382

KINGDOM KILTS (UK) LIMITED

Notes to the Financial Statements
for the year ended 30 November 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Going concern
	The financial statements have been prepared on the going concern basis. The directors find it appropriate for the financial statements to be prepared on this basis despite the net current liability position of the company. The company is reliant upon the continued support of the directors who have confirmed they will not withdraw their directors loan account to the detriment of other creditors.

	Turnover policy
	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 sale of goods and from the rendering of services.

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

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. 

Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	50
Plant and machinery	20	-
Vehicles	25	-
Office Equipment	-	3

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease. Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Finance leases and hire purchase contracts

Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

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

	Stocks and work in progress
	Stock and work in progress are valued at the lower of cost and net realisable value.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	7		6

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 December 24	239,159	5,530	63,611	16,588	324,888
Additions	-	629	38,995	-	39,624
Disposals	-	-	(36,616)	-	(36,616)
At 30 November 25	239,159	6,159	65,990	16,588	327,896
Depreciation and impairment
At 01 December 24	54,466	3,534	29,814	15,764	103,578
Charge for year	5,457	434	9,012	274	15,177
On disposals	-	-	(21,536)	-	(21,536)
At 30 November 25	59,923	3,968	17,290	16,038	97,219
Net book value
At 30 November 25	179,236	2,191	48,700	550	230,677
At 30 November 24	184,693	1,996	33,797	824	221,310

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	1,264	-
Prepayments and accrued income	1,443	993
Total	2,707	993

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	22,860	9,121
Bank borrowings and overdrafts	5,831	7,142
Taxation and social security	5,688	11,907
Finance lease and HP contracts	3,450	4,033
Other creditors	96,513	90,870
Accrued liabilities and deferred income	1,099	136
Total	135,441	123,209

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	31,379	38,436
Other creditors	16,745	4,017
Total	48,124	42,453


	The bank hold a standard security over the land and buildings and a floating charge over all assets of the company.