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REGISTERED NUMBER: 07336560 (England and Wales)















Financial Statements for the Year Ended 31 August 2024

for

KTM Scaffolding Limited

KTM Scaffolding Limited (Registered number: 07336560)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KTM Scaffolding Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: T Matthews
K Whelan-Matthews





REGISTERED OFFICE: 27 Cranbrook Drive
Kennington
Oxford
Oxfordshire
OX15RR





REGISTERED NUMBER: 07336560 (England and Wales)





ACCOUNTANTS: WaltonPaige Accountants
11 Lime Tree Mews
2 Lime Walk
Headington
Oxford
Oxfordshire
OX3 7DZ

KTM Scaffolding Limited (Registered number: 07336560)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 208,128 214,159

CURRENT ASSETS
Debtors 5 134,480 160,299
Cash at bank 24,608 16,019
159,088 176,318
CREDITORS
Amounts falling due within one year 6 (72,666 ) (71,606 )
NET CURRENT ASSETS 86,422 104,712
TOTAL ASSETS LESS CURRENT
LIABILITIES

294,550

318,871

CREDITORS
Amounts falling due after more than one
year

7

(31,171

)

(28,627

)

PROVISIONS FOR LIABILITIES (52,047 ) (53,540 )
NET ASSETS 211,332 236,704

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 210,332 235,704
SHAREHOLDERS' FUNDS 211,332 236,704

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

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

The directors acknowledge their 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.

KTM Scaffolding Limited (Registered number: 07336560)

Balance Sheet - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:





T Matthews - Director


KTM Scaffolding Limited (Registered number: 07336560)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

KTM Scaffolding 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.

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.

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.
Plant and machinery - 25% on reducing balance
Office equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

KTM Scaffolding Limited (Registered number: 07336560)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Office Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 September 2023 587,905 8,012 184,162 780,079
Additions 34,860 750 31,400 67,010
Disposals - - (24,750 ) (24,750 )
At 31 August 2024 622,765 8,762 190,812 822,339
DEPRECIATION
At 1 September 2023 444,253 3,994 117,673 565,920
Charge for year 45,632 187 23,762 69,581
Eliminated on disposal (18,413 ) - (2,877 ) (21,290 )
At 31 August 2024 471,472 4,181 138,558 614,211
NET BOOK VALUE
At 31 August 2024 151,293 4,581 52,254 208,128
At 31 August 2023 143,652 4,018 66,489 214,159

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023 25,000
Additions 31,400
At 31 August 2024 56,400
DEPRECIATION
At 1 September 2023 10,938
Charge for year 11,365
At 31 August 2024 22,303
NET BOOK VALUE
At 31 August 2024 34,097
At 31 August 2023 14,062

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 131,692 148,601
Other debtors 2,788 11,698
134,480 160,299

KTM Scaffolding Limited (Registered number: 07336560)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,000 10,000
Other loans - 3,750
Hire purchase contracts 21,892 7,667
Corporation tax 20,781 40,774
VAT 13,260 -
Other creditors 6,599 9,349
Directors' loan accounts 134 66
72,666 71,606

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 3,955 13,516
Hire purchase contracts 17,216 5,111
31,171 28,627

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
T Matthews and K Whelan-Matthews
Balance outstanding at start of year - 1,783
Amounts repaid - (1,783 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -