Company Registration No. 12281940 (England and Wales)
Argenti-KT Ltd
Unaudited accounts
for the year ended 31 March 2024
Argenti-KT Ltd
Unaudited accounts
Contents
Argenti-KT Ltd
Company Information
for the year ended 31 March 2024
Directors
Karen Meadows
Ronald Meadows
Company Number
12281940 (England and Wales)
Registered Office
Unit 9d, Manor Business Park
Grants Hill Way
Woodford Halse
Northamptonshire
NN11 3UB
Accountants
gHawk Accounting Ltd
F62 Cherwell Business Village
Southam Road
Banbury
Oxfordshire
OX16 2SP
Argenti-KT Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
133,837
140,787
Cash at bank and in hand
56,468
7,293
Creditors: amounts falling due within one year
(199,849)
(91,540)
Net current liabilities
(110,671)
(43,429)
Called up share capital
10
10
Profit and loss account
23,156
97,348
Shareholders' funds
23,166
97,358
For the year ending 31 March 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by
Karen Meadows
Director
Company Registration No. 12281940
Argenti-KT Ltd
Notes to the Accounts
for the year ended 31 March 2024
Argenti-KT Ltd is a private company, limited by shares, registered in England and Wales, registration number 12281940. The registered office is Unit 9d, Manor Business Park, Grants Hill Way, Woodford Halse, Northamptonshire, NN11 3UB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% as per reducing balance method
Motor vehicles
20% as per reducing balance method
Computer equipment
33.33% as per straight line method
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Argenti-KT Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
49,243
121,703
5,840
176,786
Additions
11,434
19,995
3,748
35,177
Disposals
-
(16,708)
-
(16,708)
At 31 March 2024
60,677
124,990
9,588
195,255
At 1 April 2023
15,559
17,042
3,398
35,999
Charge for the year
7,302
20,394
2,579
30,275
On disposals
-
(4,856)
-
(4,856)
At 31 March 2024
22,861
32,580
5,977
61,418
At 31 March 2024
37,816
92,410
3,611
133,837
At 31 March 2023
33,684
104,661
2,442
140,787
Amounts falling due within one year
Trade debtors
29,921
38,736
Accrued income and prepayments
2,789
2,082
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
129,845
4,183
Taxes and social security
(2)
7,973
Loans from directors
42,497
75,435
7
Average number of employees
During the year the average number of employees was 3 (2023: 2).