Company Registration No. 03746799 (England and Wales)
KBT LIMITED
Unaudited accounts
for the year ended 29 February 2024
KBT LIMITED
Unaudited accounts
Contents
KBT LIMITED
Company Information
for the year ended 29 February 2024
Directors
Ijaz Mahmood
Sajid Mahmood
Company Number
03746799 (England and Wales)
Registered Office
132 SALTLEY ROAD
SALTLEY
BIRMINGHAM
B7 4TH
Accountants
Mayfield
1st Floor, 5 Highgate Business Centre
Highgate Road
Birmingham
B12 8EA
KBT LIMITED
Statement of financial position
as at 29 February 2024
Tangible assets
834,177
805,660
Investment property
1,820,793
1,820,793
Inventories
472,558
375,257
Cash at bank and in hand
60,898
87,018
Creditors: amounts falling due within one year
(317,590)
(354,812)
Net current assets
246,613
160,162
Total assets less current liabilities
2,901,583
2,786,615
Creditors: amounts falling due after more than one year
(895,051)
(952,419)
Provisions for liabilities
Deferred tax
(5,869)
(13,802)
Net assets
2,000,663
1,820,394
Called up share capital
4
4
Profit and loss account
2,000,659
1,820,390
Shareholders' funds
2,000,663
1,820,394
For the year ending 29 February 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 30 August 2024 and were signed on its behalf by
Ijaz Mahmood
Director
Company Registration No. 03746799
KBT LIMITED
Notes to the Accounts
for the year ended 29 February 2024
KBT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03746799. The registered office is 132 SALTLEY ROAD, SALTLEY, BIRMINGHAM, B7 4TH.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Other tangible fixed assets
Containers - 0% on reducing balance
KBT LIMITED
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2023
892,865
53,755
946,620
At 29 February 2024
936,070
53,755
989,825
At 1 March 2023
104,575
36,385
140,960
Charge for the year
10,675
4,013
14,688
At 29 February 2024
115,250
40,398
155,648
At 29 February 2024
820,820
13,357
834,177
At 28 February 2023
788,290
17,370
805,660
Fair value at 1 March 2023
1,820,793
At 29 February 2024
1,820,793
Amounts falling due within one year
Trade debtors
30,747
52,699
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
156,248
180,566
Taxes and social security
161,342
174,246
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
480,779
506,955
Other creditors
414,272
445,464
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4
4
KBT LIMITED
Notes to the Accounts
for the year ended 29 February 2024
10
Average number of employees
During the year the average number of employees was 10 (2023: 10).