Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-312023-04-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14009302 2023-04-01 2024-03-31 14009302 2022-03-29 2023-03-31 14009302 2024-03-31 14009302 2023-03-31 14009302 c:Director2 2023-04-01 2024-03-31 14009302 d:OfficeEquipment 2023-04-01 2024-03-31 14009302 d:OfficeEquipment 2024-03-31 14009302 d:OfficeEquipment 2023-03-31 14009302 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 14009302 d:CurrentFinancialInstruments 2024-03-31 14009302 d:CurrentFinancialInstruments 2023-03-31 14009302 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14009302 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 14009302 d:ShareCapital 2024-03-31 14009302 d:ShareCapital 2023-03-31 14009302 d:RetainedEarningsAccumulatedLosses 2024-03-31 14009302 d:RetainedEarningsAccumulatedLosses 2023-03-31 14009302 c:OrdinaryShareClass1 2023-04-01 2024-03-31 14009302 c:OrdinaryShareClass1 2024-03-31 14009302 c:OrdinaryShareClass1 2023-03-31 14009302 c:FRS102 2023-04-01 2024-03-31 14009302 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 14009302 c:FullAccounts 2023-04-01 2024-03-31 14009302 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 14009302 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14009302









KT DESIGN AND DEVELOPMENT LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
KT DESIGN AND DEVELOPMENT LTD
REGISTERED NUMBER: 14009302

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
378
-

  
378
-

Current assets
  

Stocks
  
43,310
43,309

Debtors: amounts falling due within one year
 5 
15,345
2,106

Cash at bank and in hand
 6 
9,901
2,835

  
68,556
48,250

Creditors: amounts falling due within one year
 7 
(113,838)
(51,199)

Net current liabilities
  
 
 
(45,282)
 
 
(2,949)

Total assets less current liabilities
  
(44,904)
(2,949)

  

Net liabilities
  
(44,904)
(2,949)


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
(44,905)
(2,950)

  
(44,904)
(2,949)


Page 1

 
KT DESIGN AND DEVELOPMENT LTD
REGISTERED NUMBER: 14009302
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




T Mandola
Director

Date: 28 March 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
KT DESIGN AND DEVELOPMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

KT Design and Development Ltd is a private company, limited by shares, registered in England and Wales, registration number 14009302. The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results and the solvency of the company. Given that the company is in a net deficit position the directors have obtained assurance from its beneficial owners to continue to provide adequate funds to meet its obligations and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Page 3

 
KT DESIGN AND DEVELOPMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
KT DESIGN AND DEVELOPMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
KT DESIGN AND DEVELOPMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
388



At 31 March 2024

388



Depreciation


Charge for the year on owned assets
10



At 31 March 2024

10



Net book value



At 31 March 2024
378



At 31 March 2023
-


5.


Debtors

2024
2023
£
£


Other debtors
15,345
2,106

15,345
2,106



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
9,901
2,835

9,901
2,835


Page 6

 
KT DESIGN AND DEVELOPMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
112,638
49,999

Accruals and deferred income
1,200
1,200

113,838
51,199



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1


Page 7