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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

KT PEOPLE SOLUTIONS LTD

KT PEOPLE SOLUTIONS LTD (REGISTERED NUMBER: 05182492)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KT PEOPLE SOLUTIONS LTD

COMPANY INFORMATION
For The Year Ended 31 January 2024







DIRECTOR: Mrs K M Jones





REGISTERED OFFICE: Unit 1, St Stephens Court
15 - 17 St Stephens Road
Bournemouth
Dorset
BH2 6LA





REGISTERED NUMBER: 05182492 (England and Wales)






KT PEOPLE SOLUTIONS LTD (REGISTERED NUMBER: 05182492)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 293
- 293

CURRENT ASSETS
Debtors 6 - 324
Cash at bank 44 1,572
44 1,896
CREDITORS
Amounts falling due within one year 7 1,080 1,060
NET CURRENT (LIABILITIES)/ASSETS (1,036 ) 836
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,036

)

1,129

CREDITORS
Amounts falling due after more than one year 8 56,936 56,374
NET LIABILITIES (57,972 ) (55,245 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (58,072 ) (55,345 )
SHAREHOLDERS' FUNDS (57,972 ) (55,245 )

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

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

The director acknowledges her 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 October 2024 and were signed by:





Mrs K M Jones - Director


KT PEOPLE SOLUTIONS LTD (REGISTERED NUMBER: 05182492)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2024

1. STATUTORY INFORMATION

KT People Solutions Ltd 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.

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.

The financial statements have been prepared on a basis other than that of a going concern which includes, where appropriate, writing down the company's assets to net realisable value. The financial statements do not include any provision for future costs of terminating the business except to the extent that such costs were committed at the Balance Sheet date.


The company ceased to trade on 31 January 2024.

Turnover
Turnover represents professional fees receivable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, has been fully amortised over its useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Computer equipment - Straight line over 3 years

Financial instruments
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.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured as amortised cost using the effective interest rate method, less impairment

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.

KT PEOPLE SOLUTIONS LTD (REGISTERED NUMBER: 05182492)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023 30,000
Disposals (30,000 )
At 31 January 2024 -
AMORTISATION
At 1 February 2023 30,000
Eliminated on disposal (30,000 )
At 31 January 2024 -
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023 5,912 5,178 11,090
Disposals (5,912 ) (5,178 ) (11,090 )
At 31 January 2024 - - -
DEPRECIATION
At 1 February 2023 5,619 5,178 10,797
Charge for year 44 - 44
Eliminated on disposal (5,663 ) (5,178 ) (10,841 )
At 31 January 2024 - - -
NET BOOK VALUE
At 31 January 2024 - - -
At 31 January 2023 293 - 293


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 324

KT PEOPLE SOLUTIONS LTD (REGISTERED NUMBER: 05182492)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,080 1,060

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 56,936 56,374

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100