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REGISTERED NUMBER: 09406428 (England and Wales)


















KT Family Solicitors Limited

Unaudited Financial Statements

for the Year Ended 31 January 2024






KT Family Solicitors Limited (Registered number: 09406428)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KT Family Solicitors Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Ms K Tucker





REGISTERED OFFICE: Unit 7
Coped Hall Business Park
Royal Wootton Bassett
SN4 8DP





REGISTERED NUMBER: 09406428 (England and Wales)





ACCOUNTANTS: AMS Accountancy Limited
Delta 606
Welton Road
Delta Office Park
Swindon
Wiltshire
SN5 7XF

KT Family Solicitors Limited (Registered number: 09406428)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 21,098 30,750
21,099 30,751

CURRENT ASSETS
Debtors 6 242,741 288,646
Cash at bank 434,423 1,147,725
677,164 1,436,371
CREDITORS
Amounts falling due within one year 7 (556,694 ) (1,295,169 )
NET CURRENT ASSETS 120,470 141,202
TOTAL ASSETS LESS CURRENT
LIABILITIES

141,569

171,953

CREDITORS
Amounts falling due after more than one
year

8

(14,642

)

(29,833

)
NET ASSETS 126,927 142,120

CAPITAL AND RESERVES
Called up share capital 9 136 136
Retained earnings 126,791 141,984
SHAREHOLDERS' FUNDS 126,927 142,120

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.

KT Family Solicitors Limited (Registered number: 09406428)

Balance Sheet - continued
31 January 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2024 and were signed by:





Ms K Tucker - Director


KT Family Solicitors Limited (Registered number: 09406428)

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

1. STATUTORY INFORMATION

KT Family Solicitors 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.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

KT Family Solicitors Limited (Registered number: 09406428)

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

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 February 2023
and 31 January 2024 14,774
AMORTISATION
At 1 February 2023
and 31 January 2024 14,773
NET BOOK VALUE
At 31 January 2024 1
At 31 January 2023 1

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 10,845 7,759 27,988 12,062 58,654
Disposals - (1,403 ) (458 ) (2,630 ) (4,491 )
At 31 January 2024 10,845 6,356 27,530 9,432 54,163
DEPRECIATION
At 1 February 2023 1,380 2,505 13,948 10,071 27,904
Charge for year 1,155 1,271 5,355 1,654 9,435
Eliminated on disposal - (1,234 ) (416 ) (2,624 ) (4,274 )
At 31 January 2024 2,535 2,542 18,887 9,101 33,065
NET BOOK VALUE
At 31 January 2024 8,310 3,814 8,643 331 21,098
At 31 January 2023 9,465 5,254 14,040 1,991 30,750

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 236,914 252,928
Other debtors 5,827 35,718
242,741 288,646

KT Family Solicitors Limited (Registered number: 09406428)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,900 10,000
Trade creditors 268 -
Taxation and social security 102,671 127,965
Other creditors 436,855 1,157,204
556,694 1,295,169

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 14,642 23,333
Other creditors - 6,500
14,642 29,833

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
136 Ordinary £1 136 136

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Ms K Tucker
Balance outstanding at start of year 29,891 34,351
Amounts repaid (29,891 ) (4,460 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 29,891