Caseware UK (AP4) 2022.0.179 2022.0.179 2023-11-302023-11-30No description of principal activityfalse2022-12-01false3true3The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06267706 2022-12-01 2023-11-30 06267706 2021-12-01 2022-11-30 06267706 2023-11-30 06267706 2022-11-30 06267706 c:Director2 2022-12-01 2023-11-30 06267706 d:MotorVehicles 2022-12-01 2023-11-30 06267706 d:MotorVehicles 2023-11-30 06267706 d:MotorVehicles 2022-11-30 06267706 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 06267706 d:OfficeEquipment 2022-12-01 2023-11-30 06267706 d:OfficeEquipment 2023-11-30 06267706 d:OfficeEquipment 2022-11-30 06267706 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 06267706 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 06267706 d:FreeholdInvestmentProperty 2023-11-30 06267706 d:FreeholdInvestmentProperty 2022-11-30 06267706 d:CurrentFinancialInstruments 2023-11-30 06267706 d:CurrentFinancialInstruments 2022-11-30 06267706 d:Non-currentFinancialInstruments 2023-11-30 06267706 d:Non-currentFinancialInstruments 2022-11-30 06267706 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 06267706 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 06267706 d:ShareCapital 2023-11-30 06267706 d:ShareCapital 2022-11-30 06267706 d:RetainedEarningsAccumulatedLosses 2023-11-30 06267706 d:RetainedEarningsAccumulatedLosses 2022-11-30 06267706 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 06267706 d:AcceleratedTaxDepreciationDeferredTax 2022-11-30 06267706 d:OtherDeferredTax 2023-11-30 06267706 d:OtherDeferredTax 2022-11-30 06267706 c:OrdinaryShareClass1 2022-12-01 2023-11-30 06267706 c:OrdinaryShareClass1 2023-11-30 06267706 c:OrdinaryShareClass1 2022-11-30 06267706 c:OrdinaryShareClass2 2022-12-01 2023-11-30 06267706 c:OrdinaryShareClass2 2023-11-30 06267706 c:OrdinaryShareClass2 2022-11-30 06267706 c:OrdinaryShareClass3 2022-12-01 2023-11-30 06267706 c:OrdinaryShareClass3 2023-11-30 06267706 c:OrdinaryShareClass3 2022-11-30 06267706 c:OrdinaryShareClass4 2022-12-01 2023-11-30 06267706 c:OrdinaryShareClass4 2023-11-30 06267706 c:OrdinaryShareClass4 2022-11-30 06267706 c:OrdinaryShareClass5 2022-12-01 2023-11-30 06267706 c:OrdinaryShareClass5 2023-11-30 06267706 c:OrdinaryShareClass5 2022-11-30 06267706 c:FRS102 2022-12-01 2023-11-30 06267706 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 06267706 c:FullAccounts 2022-12-01 2023-11-30 06267706 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 06267706 2 2022-12-01 2023-11-30 06267706 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 06267706









K L TECHNOLOGIES LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
K L TECHNOLOGIES LIMITED
REGISTERED NUMBER: 06267706

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,189
2,718

Investment property
 5 
2,988,092
2,988,092

  
2,990,281
2,990,810

Current assets
  

Debtors: amounts falling due after more than one year
 6 
52,263
114,979

Debtors: amounts falling due within one year
 6 
65,727
157,571

Cash at bank and in hand
  
314,145
231,141

  
432,135
503,691

Creditors: amounts falling due within one year
 7 
(395,036)
(701,089)

Net current assets/(liabilities)
  
 
 
37,099
 
 
(197,398)

Total assets less current liabilities
  
3,027,380
2,793,412

Provisions for liabilities
  

Deferred tax
 8 
(290,915)
(287,956)

Net assets
  
2,736,465
2,505,456


Capital and reserves
  

Called up share capital 
 9 
208,019
208,019

Profit and loss account
  
2,528,446
2,297,437

  
2,736,465
2,505,456


Page 1

 
K L TECHNOLOGIES LIMITED
REGISTERED NUMBER: 06267706

BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 March 2024.




M Hamilton
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
K L TECHNOLOGIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

K L Technologies Limited is a private company limited by shares, incorporated in England and Wales, with a company registration number of 06267706. The address of the registered office is Riverside Industrial Estate, Estuary Road, King's Lynn, Norfolk, PE30 2HS.
The financial statements are prepared in sterling which is the functional currency of the company and
rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

The directors are continually assessing the impact of the current economic climate. They have not encountered any significant adverse impacts as a result, and have traded profitably. Therefore, the directors deem it appropriate to prepare the accounts on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
K L TECHNOLOGIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
K L TECHNOLOGIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. 

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.


3.


Employees



The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 5

 
K L TECHNOLOGIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost


At 1 December 2022
103,230
23,610
126,840


Additions
-
946
946



At 30 November 2023

103,230
24,556
127,786



Depreciation


At 1 December 2022
103,230
20,892
124,122


Charge for the year on owned assets
-
1,475
1,475



At 30 November 2023

103,230
22,367
125,597



Net book value



At 30 November 2023
-
2,189
2,189



At 30 November 2022
-
2,718
2,718


5.


Investment property


Freehold investment property

£



Valuation


At 1 December 2022
2,988,092



At 30 November 2023
2,988,092

The 2023 valuations were made by the directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
2,737,986
2,737,986

Accumulated depreciation and impairments
(727,234)
(658,784)

2,010,752
2,079,202

Page 6

 
K L TECHNOLOGIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Debtors

2023
2022
£
£

Due after more than one year

Prepayments and accrued income
52,263
114,979


2023
2022
£
£

Due within one year

Amounts owed by joint ventures and associated undertakings
2,911
1,414

Other debtors
100
-

Prepayments and accrued income
62,716
156,157

65,727
157,571



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,234
1,030

Amounts owed to group undertakings
236,831
236,831

Corporation tax
61,368
47,373

Other taxation and social security
56,375
27,741

Other creditors
32,603
381,644

Accruals and deferred income
6,625
6,470

395,036
701,089



8.


Deferred taxation




2023


£






At beginning of year
287,956


Charged to profit or loss
2,959



At end of year
290,915

Page 7

 
K L TECHNOLOGIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
 
8.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
265,544
265,676

Short term timing differences
(6,682)
(9,773)

Capital gains and losses
32,053
32,053

290,915
287,956


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary A shares of £1.00 each
100
100
135,000 (2022 - 135,000) Ordinary B shares of £1.00 each
135,000
135,000
50,000 (2022 - 50,000) Ordinary C shares of £1.00 each
50,000
50,000
949 (2022 - 949) Ordinary D shares of £1.00 each
949
949
50 (2022 - 50) Ordinary E shares of £1.00 each
50
50
770 (2022 - 770) Ordinary F shares of £1.00 each
770
770
700 (2022 - 700) Ordinary G shares of £1.00 each
700
700
50 (2022 - 50) Ordinary H shares of £1.00 each
50
50
20,400 (2022 - 20,400) Ordinary Z shares of £1.00 each
20,400
20,400

208,019

208,019



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £24,000 (2022 - £24,458). Contributions totalling £2,000 (2022 - £2,000) were payable to the fund at the balance sheet date and are included in creditors.


11.


Related party transactions

During the period the Company purchased professional services from CBW Solutions Ltd, which is owned by the wife of a director of the Company. Total purchases in the period were £18,000 (2022 - £16,000) with amounts outstanding at the period end of £Nil (2022 - £Nil).

Page 8

 
K L TECHNOLOGIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

12.


Controlling party

The ultimate parent undertaking is K L Technologies Holdings Limited by virtue of its shareholding in the
Company. 
By virtue of his direct shareholding and those held by his close family, the directors deem M Littlewood to
be the ultimate controlling party.

Page 9