Registered number
14914779
KTY COLLECTION LIMITED
Filleted Accounts
30 June 2024
KTY COLLECTION LIMITED
Registered number: 14914779
Balance Sheet
as at 30 June 2024
Notes 2024
£
Fixed assets
Tangible assets 3 799
Current assets
Stocks 8,330
Debtors 4 33,979
Cash at bank and in hand 26,058
68,367
Creditors: amounts falling due within one year 5 (29,885)
Net current assets 38,482
Net assets 39,281
Capital and reserves
Called up share capital 100
Profit and loss account 39,181
Shareholder's funds 39,281
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.
Y K Tan
Director
Approved by the board on 3 March 2025
KTY COLLECTION LIMITED
Notes to the Accounts
for the period from 5 June 2023 to 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).
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 999
At 30 June 2024 999
Depreciation
Charge for the period 200
At 30 June 2024 200
Net book value
At 30 June 2024 799
4 Debtors 2024
£
Trade debtors 33,979
5 Creditors: amounts falling due within one year 2024
£
Trade creditors 1,495
Taxation and social security costs 19,831
Other creditors 8,559
29,885
6 Other information
KTY COLLECTION LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
111High Street
Edgware
Middlesex
HA8 7DB
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