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K-Tech Plastics Machinery Ltd
 
 
Company Registration Number
06474798
 
 
Report of the Directors and
Unaudited Financial Statements
 
 
Period of accounts
 
Start date 06/04/2022
 
End date 05/04/2023
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 1
K-Tech Plastics Machinery Ltd
 
Contents of the Financial Statements
for the Period Ended 5 April 2023
 
 
Page
Company Information 3
 
Report of the Directors 4
 
Profit and Loss Account 5
 
Balance Sheet 6 - 7
 
Notes to the Financial Statements 8 - 10
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 2
K-Tech Plastics Machinery Ltd
 
Company Information
for the Period Ended 5 April 2023
 
Directors Janet Shields
Karl Shields
 
Company secretary Janet Shields
 
Registered office Marsh View
Rushton Spencer
Macclesfield
Cheshire SK11 0RN
 
Company Registration Number 06474798
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 3
K-Tech Plastics Machinery Ltd
Directors Report
for the Period Ended 5 April 2023
The directors present their report with the financial statements of the company for the
period ended 5 April 2023
Principal activities
The principal activity of the company in the period under review was
Supply of manufacturing equipment
Directors
The director(s) shown below have held office during the whole of the period
Janet Shields
Karl Shields
Small Company Provisions
These accounts have been prepared in accordance with the provisions applicable to
companies subject to the small companies regime.
 
This report was approved by the board of directors on 2023-06-16
and signed on behalf of the board by
Name Janet Shields
Status Secretary
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 4
K-Tech Plastics Machinery Ltd
 
Profit and Loss Account
for the Period Ended 5 April 2023
2023 2022
Notes £ £
 
Turnover 2 2,060,630 1,345,243
Cost of sales 1,723,789 1,040,992
______ ______
Gross Profit/(Loss) 336,840 304,251
 
Distribution costs 84,305 95,381
Administrative expenses 40,460 29,993
______ ______
Operating costs 124,764 125,374
 
______ ______
Operating Profit/(Loss) 212,076 178,878
______ ______
Profit/(Loss) on ordinary activities before taxation 212,076 178,878
 
Tax on profit on ordinary activities 42,346 32,228
_________ _________
Profit/(Loss) for the financial period after taxation 169,730 146,650
 
The notes form part of these financial statements
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 5
K-Tech Plastics Machinery Ltd
Balance Sheet
for the Period Ended 5 April 2023
Company registration number 06474798
2023 2022
Notes £ £
Fixed assets
Tangible fixed assets 3 183,155 192,841
_______ _______
Total fixed assets 183,155 192,841
Current assets
Stocks 22,384 16,794
Debtors 221,322 359,095
Cash at bank and in hand 116,950 202,257
_______ _______
Total current assets/(liabilities) 360,656 578,146
Creditors
Creditors - amounts falling
due within one year 355,771 535,918
_______ _______
Net current assets 4,885 42,228
_______ _______
Total assets less current liabilities 188,040 235,069
_______ _______
due after more than one year 0 69,127
_______ _______
Long term creditors 0 69,127
_________ _________
Net assets/(liabilities) 188,040 165,942
Capital and reserves
Profit and loss account 185,672 165,942
_________ _________
Total shareholders funds 185,672 165,942
 
 
 
 
 
 
 
 
 
Page 6
K-Tech Plastics Machinery Ltd
 
Balance Sheet
for the Period Ended 5 April 2023
 
 
 
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
 
For the year ending 5 April 2023 the company was entitled to exemption 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.
 
The financial statements were approved by the Board of Directors on 2023-06-16
 
SIGNED ON BEHALF OF THE BOARD BY
 
 
 
 
 
 
 
Name Janet Shields
 
The notes form part of these financial statements
Average number of employees during period 2
 
 
 
 
 
 
 
 
 
Page 7
K-Tech Plastics Machinery Ltd
Notes to the Financial Statements
for the Period Ended 5 April 2023
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
Going Concern
The company has a deficit on shareholders' funds and relies upon the support of its shareholders and creditors,which has been confirmed for a period of at least twelve months from the approval of the financial statements.Accordingly the directors have prepared the financial statements on the going concern basis.
Turnover
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.
Tangible fixed assets Depreciation
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchangeruling at the balance sheet date. Transactions in foreign currencies are translated into sterling atthe rate of exchange ruling at the date of the transaction. Exchange differences are taken intoaccount in arriving at the operating profit.
Research and Development
Expenditure on research and development is written off in the year in which it is incurred.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 8
K-Tech Plastics Machinery Ltd
Notes to the Financial Statements
for the Period Ended 5 April 2023
2. Turnover 2023 2022
£ £
United Kingdom 2,060,630 1,345,243
_________ __________
Total 2,060,630 1,345,243
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 9
K-Tech Plastics Machinery Ltd
Notes to the Financial Statements
for the Period Ended 5 April 2023
3. Tangible fixed assets
Land and Plant and Fixtures Office Motor Total
buildings machinery and fittings equipment vehicles
Cost £ £ £ £ £ £
At 6 April 2022 153,012 3,709 6,448 80,102 243,271
Additions 325 1,010 205 1,539
_________ _______ ______ _______ ________ _________
At 5 April 2023 153,012 4,034 1,010 6,652 80,102 244,811
Depreciation
At 6 April 2022 1,857 4,387 44,186 50,430
Charge for year 1,187 598 462 8,979 11,226
_______ ______ _______ ________ ________
At 5 April 2023 3,044 598 4,849 53,165 61,656
Net book value
At 5 April 2023 153,012 991 412 1,803 26,937 183,155
At 5 April 2022 153,012 1,852 0 2,060 35,916 192,841
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 10