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REGISTERED NUMBER: 11423054 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

K. T. Excavations Limited

K. T. Excavations Limited (Registered number: 11423054)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K. T. Excavations Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr K Atkinson
Mr T Williams





REGISTERED OFFICE: 12 Coronation Crescent
Birdwell
Barnsley
South Yorkshire
S70 5RN





REGISTERED NUMBER: 11423054 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

K. T. Excavations Limited (Registered number: 11423054)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 677,863 187,491

CURRENT ASSETS
Stocks 30,066 21,000
Debtors 6 71,815 258,992
Cash at bank 193,249 41,571
295,130 321,563
CREDITORS
Amounts falling due within one year 7 213,602 147,681
NET CURRENT ASSETS 81,528 173,882
TOTAL ASSETS LESS CURRENT
LIABILITIES

759,391

361,373

CREDITORS
Amounts falling due after more than one
year

8

(435,444

)

(154,778

)

PROVISIONS FOR LIABILITIES (101,538 ) (35,623 )
NET ASSETS 222,409 170,972

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 222,309 170,872
SHAREHOLDERS' FUNDS 222,409 170,972

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

K. T. Excavations Limited (Registered number: 11423054)

Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2023 and were signed on its behalf by:





Mr K Atkinson - Director


K. T. Excavations Limited (Registered number: 11423054)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

K. T. Excavations Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
This is the first year in which the financial statements have been prepared under FRS102 Section 1A as the entity transitioned from FRS105 as at 1 July 2021. The transitioning adjustments have been limited to a provision for deferred tax of £35,623.

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

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost straight line
Motor vehicles - 15% on reducing balance

All fixed assets are initially recorded at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


K. T. Excavations Limited (Registered number: 11423054)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 195,526 51,831 366 247,723
Additions 402,435 171,311 1,882 575,628
At 30 June 2023 597,961 223,142 2,248 823,351
DEPRECIATION
At 1 July 2022 46,964 12,994 274 60,232
Charge for year 54,159 30,894 203 85,256
At 30 June 2023 101,123 43,888 477 145,488
NET BOOK VALUE
At 30 June 2023 496,838 179,254 1,771 677,863
At 30 June 2022 148,562 38,837 92 187,491

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,463 54,515
Other debtors 69,352 204,477
71,815 258,992

K. T. Excavations Limited (Registered number: 11423054)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,556 5,556
Hire purchase contracts 151,702 44,026
Trade creditors 297 611
Taxation and social security 29,890 31,705
Other creditors 26,157 65,783
213,602 147,681

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 32,502 38,057
Hire purchase contracts 370,129 70,783
Other creditors 32,813 45,938
435,444 154,778

9. SECURED DEBTS

Hire purchase contracts are secured against the assets to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1.00 100 100