Company Registration No. 10551402 (England and Wales)
KT Accountants Ltd
Unaudited accounts
for the period from 1 April 2021 to 30 March 2022
KT Accountants Ltd
Unaudited accounts
Contents
KT Accountants Ltd
Company Information
for the period from 1 April 2021 to 30 March 2022
Director
Jacqueline Vince
Company Number
10551402 (England and Wales)
Registered Office
73 NORTH ROAD
WATERLOOVILLE
PO8 0ED
ENGLAND
KT Accountants Ltd
Statement of financial position
as at
30 March 2022
Intangible assets
32,500
39,000
Tangible assets
6,083
4,195
Cash at bank and in hand
12,088
159,243
Creditors: amounts falling due within one year
(67,547)
(263,887)
Net current assets
45,734
51,392
Total assets less current liabilities
84,317
94,587
Provisions for liabilities
Called up share capital
110
110
Profit and loss account
84,207
93,680
Shareholders' funds
84,317
93,790
For the period ending 30 March 2022 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 her 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 29 March 2023 and were signed on its behalf by
Jacqueline Vince
Director
Company Registration No. 10551402
KT Accountants Ltd
Notes to the Accounts
for the period from 1 April 2021 to 30 March 2022
KT Accountants Ltd is a private company, limited by shares, registered in England and Wales, registration number 10551402. The registered office is 73 NORTH ROAD, WATERLOOVILLE, PO8 0ED, ENGLAND.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Charge for the period
6,500
KT Accountants Ltd
Notes to the Accounts
for the period from 1 April 2021 to 30 March 2022
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2021
-
10,609
1,137
11,746
Additions
2,500
-
917
3,417
Disposals
-
-
(508)
(508)
At 30 March 2022
2,500
10,609
1,546
14,655
At 1 April 2021
-
7,114
437
7,551
Charge for the period
-
583
574
1,157
On disposals
-
-
(136)
(136)
At 30 March 2022
-
7,697
875
8,572
At 30 March 2022
2,500
2,912
671
6,083
At 31 March 2021
-
3,495
700
4,195
Amounts falling due within one year
Trade debtors
85,926
144,938
Other debtors
15,267
11,098
7
Creditors: amounts falling due within one year
2022
2021
Trade creditors
36,477
60,924
Taxes and social security
24,768
44,343
Other creditors
1,128
153,500
Loans from directors
244
4,000
8
Deferred taxation
2022
2021
Accelerated capital allowances
-
797
Provision at start of period
797
850
Credited to the profit and loss account
(797)
(53)
Provision at end of period
-
797
KT Accountants Ltd
Notes to the Accounts
for the period from 1 April 2021 to 30 March 2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Due to Director
-
-
244
(244)
The loan is undated, unsecured and interest free.
10
Average number of employees
During the period the average number of employees was 7 (2021: 7).