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REGISTERED NUMBER: 06474648 (England and Wales)





















KI-TRAN LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






KI-TRAN LIMITED (REGISTERED NUMBER: 06474648)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


KI-TRAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M Harper





SECRETARY: Ms E O'Brien





REGISTERED OFFICE: 22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ





REGISTERED NUMBER: 06474648 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

KI-TRAN LIMITED (REGISTERED NUMBER: 06474648)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 206,037 263,486
206,037 263,486

CURRENT ASSETS
Debtors 6 274,730 273,053
Cash at bank and in hand 279,537 247,948
554,267 521,001
CREDITORS
Amounts falling due within one year 7 145,782 153,774
NET CURRENT ASSETS 408,485 367,227
TOTAL ASSETS LESS CURRENT LIABILITIES 614,522 630,713

PROVISIONS FOR LIABILITIES 50,644 67,558
NET ASSETS 563,878 563,155

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 563,778 563,055
SHAREHOLDERS' FUNDS 563,878 563,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KI-TRAN LIMITED (REGISTERED NUMBER: 06474648)

BALANCE SHEET - continued
31 MARCH 2024


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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





M Harper - Director


KI-TRAN LIMITED (REGISTERED NUMBER: 06474648)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Ki-Tran 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 currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of fifteen years.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 33.33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

KI-TRAN LIMITED (REGISTERED NUMBER: 06474648)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Government grants
Grants are accounted for under the accruals model as permitted by FRS102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income,

Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 540,000
AMORTISATION
At 1 April 2023
and 31 March 2024 540,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

KI-TRAN LIMITED (REGISTERED NUMBER: 06474648)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 21,118 13,192 516,066 550,376
Additions - 5,678 94,382 100,060
Disposals - - (64,650 ) (64,650 )
At 31 March 2024 21,118 18,870 545,798 585,786
DEPRECIATION
At 1 April 2023 18,883 10,357 257,650 286,890
Charge for year 559 2,129 138,368 141,056
Eliminated on disposal - - (48,197 ) (48,197 )
At 31 March 2024 19,442 12,486 347,821 379,749
NET BOOK VALUE
At 31 March 2024 1,676 6,384 197,977 206,037
At 31 March 2023 2,235 2,835 258,416 263,486

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 156,778 240,851
Directors' current accounts 88,494 -
Prepayments 29,458 32,202
274,730 273,053

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 16,861 27,853
Corporation tax 37,278 48,912
Social security and other taxes 8,235 10,235
VAT 45,222 18,058
Other creditors 32,903 42,088
Directors' current accounts - 1,345
Accrued expenses 5,283 5,283
145,782 153,774

KI-TRAN LIMITED (REGISTERED NUMBER: 06474648)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
NIL Ordinary £1 - 100
(2023 - 100 )
20 A Ordinary £1 20 -
20 B Ordinary £1 20 -
20 C Ordinary £1 20 -
20 D Ordinary £1 20 -
20 E Ordinary £1 20 -
100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
M Harper
Balance outstanding at start of year (1,345 ) (1,407 )
Amounts advanced 89,839 62
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 88,494 (1,345 )

The loan was repaid in full on 6 April 2024 and interest was charged in line with HMRC guidance.