Registration number: SC281342

Kinross Accountants Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Kinross Accountants Ltd

Company Information

Directors

Mr Ross McConnell Miss Laura McConnell

Company secretary

Miss Laura McConnell

Registered office

3 High Street Kinross KY13 8AW

Kinross Accountants Ltd

(Registration number: SC281342)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed Assets
Intangible assets	4	14,000	21,000
Tangible Assets	5	19,022	24,038
		33,022	45,038
Current assets
Stocks	6	4,400	3,065
Debtors	7	44,340	34,514
Cash at bank and in hand		47,750	60,053
		96,490	97,632
Creditors: Amounts falling due within one year	8	(82,319)	(84,533)
Net current assets		14,171	13,099
Total assets less current liabilities		47,193	58,137
Creditors: Amounts falling due after more than one year	8	(2,500)	(12,580)
Net assets		44,693	45,557
Capital and reserves
Called up share capital	9	100	100
Retained earnings		44,593	45,457
Shareholders' funds		44,693	45,557

Kinross Accountants Ltd

(Registration number: SC281342)
Balance Sheet as at 31 March 2026

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 October 2026 and signed on its behalf by:
 

......................................... Mr Ross McConnell Director

Kinross Accountants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
3 High Street
Kinross
KY13 8AW

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Kinross Accountants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Kinross Accountants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2025 - 5).

Kinross Accountants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2025 and at 31 March 2018	35,000	35,000
At 1 April 2025	14,000	14,000
Amortisation charge	7,000	7,000
At 31 March 2026	21,000	21,000
Carrying amount
At 31 March 2017 and 31 March 2026	14,000	14,000

5	Tangible Assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2025	44,840	25,509	70,349
Additions	2,593	-	2,593
At 31 March 2026	47,433	25,509	72,942
Depreciation
At 1 April 2025	41,210	5,101	46,311
Charge for the year	2,508	5,101	7,609
At 31 March 2026	43,718	10,202	53,920
Carrying amount
At 31 March 2026	3,715	15,307	19,022
At 31 March 2025	3,630	20,408	24,038

6

Stocks

	2026 £	2025 £
Work in progress	4,400	3,065

Kinross Accountants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

7

Debtors

Current	2026 £	2025 £
Trade debtors	44,340	34,514
	44,340	34,514

8

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Directors current account	928	9,844
Corporation tax	35,113	24,579
Taxation and social security	45,060	42,518
Other creditors	1,218	7,592
	82,319	84,533

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings		2,500	12,580

9	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100