Company registration number 07311041 (England and Wales)
KTH Engineering Group Limited
Unaudited
financial statements
for the year ended 30 September 2023
PAGES FOR FILING WITH REGISTRAR
KTH Engineering Group Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
KTH Engineering Group Limited
Statement of financial position
as at 30 September 2023
30 September 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,770,953
1,716,447
Investments
4
778,954
778,954
2,549,907
2,495,401
Current assets
Debtors
23,056
122,611
Cash at bank and in hand
16,811
19,863
39,867
142,474
Creditors: amounts falling due within one year
(2,000)
(117,023)
Net current assets
37,867
25,451
Net assets
2,587,774
2,520,852
Capital and reserves
Called up share capital
5
13,590
15,100
Revaluation reserve
31,107
Profit and loss reserves
2,543,077
2,505,752
Total equity
2,587,774
2,520,852
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
KTH Engineering Group Limited
Statement of financial position (continued)
as at 30 September 2023
30 September 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 10 November 2023 and are signed on its behalf by:
R A Ellis
Director
Company registration number 07311041 (England and Wales)
KTH Engineering Group Limited
Notes to the Financial Statements
for the year ended 30 September 2023
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents rent receivable excluding value added tax and is recognised on an accrual basis.
Tangible fixed assets
The directors consider that the freehold property is maintained in such a state of repair that the residual value is at least equal to its book value. As a result, the corresponding depreciation would not be material and therefore is not charged to the profit and loss account.
Depreciation is recognised so as to write off the cost of assets less depreciation.
Freehold land and buildings
No Depreciation
Motor vehicles
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Fixed asset investments
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the year end date. Timing differences represents the accumulated difference between the company's taxable profit and its financial profit. These differences arise primarily from the difference between accelerated capital allowances and depreciation.
KTH Engineering Group Limited
Notes to the Financial Statements (continued)
for the year ended 30 September 2023
- 4 -
2
Employees
There were no employees during the year apart from the directors.
2023
2022
Number
Number
Total
2
2
3
Tangible fixed assets
Freehold land and buildings
Motor vehicles
Total
£
£
£
Cost
At 1 October 2022
1,714,252
9,250
1,723,502
Additions
24,417
24,417
Revaluation
31,107
31,107
At 30 September 2023
1,745,359
33,667
1,779,026
Depreciation and impairment
At 1 October 2022
7,055
7,055
Depreciation charged in the year
1,018
1,018
At 30 September 2023
8,073
8,073
Carrying amount
At 30 September 2023
1,745,359
25,594
1,770,953
At 30 September 2022
1,714,252
2,195
1,716,447
KTH Engineering Group Limited
Notes to the Financial Statements (continued)
for the year ended 30 September 2023
- 5 -
4
Fixed asset investments
2023
2022
£
£
Shares in group undertakings
778,954
778,954
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
13,590
13,590
13,590
13,590
Non-Voting shares of £1 each
1,510
1,510
-
1,510
15,100
15,100
13,590
15,100
6
Controlling interest
The company was controlled throughout the year by the directors.
7
Company information
KTH Engineering Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is Gannex Park, Dewsbury Road, Elland, West Yorkshire, HX5 9AF.