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REGISTERED NUMBER: 11423054 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

K. T. Excavations Limited

K. T. Excavations Limited (Registered number: 11423054)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K. T. Excavations Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr K Atkinson
Mr T Williams





REGISTERED OFFICE: Unit 71 Albion Road
Carlton Industrial Estate
Carlton
Barnsley
South Yorkshire
S71 3HW





REGISTERED NUMBER: 11423054 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

K. T. Excavations Limited (Registered number: 11423054)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,069,033 677,863

CURRENT ASSETS
Stocks 17,894 30,066
Debtors 6 250,825 71,815
Cash at bank and in hand 4,067 193,249
272,786 295,130
CREDITORS
Amounts falling due within one year 7 499,350 213,602
NET CURRENT (LIABILITIES)/ASSETS (226,564 ) 81,528
TOTAL ASSETS LESS CURRENT
LIABILITIES

842,469

759,391

CREDITORS
Amounts falling due after more than one
year

8

(563,527

)

(435,444

)

PROVISIONS FOR LIABILITIES (112,937 ) (101,538 )
NET ASSETS 166,005 222,409

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 165,905 222,309
SHAREHOLDERS' FUNDS 166,005 222,409

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

K. T. Excavations Limited (Registered number: 11423054)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 17 February 2025 and were signed on its behalf by:





Mr K Atkinson - Director


K. T. Excavations Limited (Registered number: 11423054)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

K. T. Excavations 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost straight line
Motor vehicles - 15% on reducing balance

All fixed assets are initially recorded at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


K. T. Excavations Limited (Registered number: 11423054)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 597,961 223,142 2,248 823,351
Additions 277,864 257,523 191 535,578
Disposals (43,995 ) (7,500 ) (366 ) (51,861 )
At 30 June 2024 831,830 473,165 2,073 1,307,068
DEPRECIATION
At 1 July 2023 101,123 43,888 477 145,488
Charge for year 65,190 31,977 483 97,650
Eliminated on disposal (1,237 ) (3,500 ) (366 ) (5,103 )
At 30 June 2024 165,076 72,365 594 238,035
NET BOOK VALUE
At 30 June 2024 666,754 400,800 1,479 1,069,033
At 30 June 2023 496,838 179,254 1,771 677,863

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 209,369 2,463
Other debtors 41,456 69,352
250,825 71,815

K. T. Excavations Limited (Registered number: 11423054)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,556 5,556
Hire purchase contracts 252,272 151,702
Trade creditors 56,805 297
Taxation and social security 96,653 29,890
Other creditors 88,064 26,157
499,350 213,602

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 26,946 32,502
Hire purchase contracts 516,893 370,129
Other creditors 19,688 32,813
563,527 435,444

9. SECURED DEBTS

Hire purchase contracts are secured against the assets to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1.00 100 100