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COMPANY REGISTRATION NUMBER: 06458807
KTV International Limited
Filleted Unaudited Financial Statements
31 December 2023
KTV International Limited
Financial Statements
Year ended 31 December 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
KTV International Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Current assets
Debtors
5
346,744
355,408
Cash at bank and in hand
6,106
19,289
---------
---------
352,850
374,697
Creditors: amounts falling due within one year
6
8,070
43,102
---------
---------
Net current assets
344,780
331,595
---------
---------
Total assets less current liabilities
344,780
331,595
---------
---------
Net assets
344,780
331,595
---------
---------
Capital and reserves
Called up share capital
299
299
Profit and loss account
344,481
331,296
---------
---------
Shareholders funds
344,780
331,595
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 4 March 2025 , and are signed on behalf of the board by:
Mrs C B M Vincent
Director
Company registration number: 06458807
KTV International Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, United Kingdom, CT1 3DN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 2 ).
5. Debtors
2023
2022
£
£
Trade debtors
6,045
6,045
Other debtors
340,699
349,363
---------
---------
346,744
355,408
---------
---------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
5,562
5,113
Corporation tax
30,194
Social security and other taxes
558
5,845
Other creditors
1,950
1,950
-------
--------
8,070
43,102
-------
--------
7. Directors' advances, credits and guarantees
At the year end a director owed the company £244,671 (2022: £262,341). During the year advances of £42,120 were made to a director and repayments of £59,790 were made by a director. No interest was charged during the year.