Registered number
08133128
KLT Building Services Limited
Amended Unaudited Filleted Accounts
30 June 2024
KLT Building Services Limited
Registered number: 08133128
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 16,757 6,972
Current assets
Stocks 500 500
Debtors 4 9,086 8,403
Cash at bank and in hand 996 293
10,582 9,196
Creditors: amounts falling due within one year 5 (9,010) (5,495)
Net current assets 1,572 3,701
Total assets less current liabilities 18,329 10,673
Creditors: amounts falling due after more than one year 6 (39,048) (32,904)
Net liabilities (20,719) (22,231)
Capital and reserves
Called up share capital 1 1
Profit and loss account (20,720) (22,232)
Shareholder's funds (20,719) (22,231)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts replace the original accounts which did not show the bank balance in current asset totals. They are now the statutory accounts and are prepared as if they were at the date of the original accounts.
Mr S E Wright
Director
Approved by the board on 7 January 2025
KLT Building Services Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance
Fixtures, fittings, tools and equipment 15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Unrelieved tax losses are recognised only to the extent that it is probable that they will be recovered against future taxable profits.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 11,602 18,457 30,059
Additions - 14,320 14,320
Disposals - (18,457) (18,457)
At 30 June 2024 11,602 14,320 25,922
Depreciation
At 1 July 2023 8,736 14,351 23,087
Charge for the year 429 - 429
On disposals - (14,351) (14,351)
At 30 June 2024 9,165 - 9,165
Net book value
At 30 June 2024 2,437 14,320 16,757
At 30 June 2023 2,866 4,106 6,972
4 Debtors 2024 2023
£ £
Trade debtors 7,206 5,979
Other debtors 1,880 2,424
9,086 8,403
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 2,800 -
Trade creditors 359 600
Taxation and social security costs 5,331 3,346
Other creditors 520 1,549
9,010 5,495
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 28,548 32,904
Obligations under finance lease and hire purchase contracts 10,500 -
39,048 32,904
7 Other information
KLT Building Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
11 Summerhill Drive
Maghull
Liverpool
L31 3DN
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