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REGISTERED NUMBER: 05171406 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

KA Tooling Ltd

KA Tooling Ltd (Registered number: 05171406)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KA Tooling Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: A Hill





REGISTERED OFFICE: Unit 2 Ash Court
Walker Road
Hill Top Industrial Estate
Coalville
Leicestershire
LE67 1UD





REGISTERED NUMBER: 05171406 (England and Wales)





ACCOUNTANTS: Abrahamson Foster Limited
The Atkins Building
Lower Bond Street
Hinckley
Leicestershire
LE10 1QU

KA Tooling Ltd (Registered number: 05171406)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 219,900 275,453

CURRENT ASSETS
Debtors 5 174,523 165,860
Cash at bank 120,531 77,834
295,054 243,694
CREDITORS
Amounts falling due within one year 6 301,986 216,450
NET CURRENT (LIABILITIES)/ASSETS (6,932 ) 27,244
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,968

302,697

CREDITORS
Amounts falling due after more than one
year

7

(159,648

)

(251,782

)

PROVISIONS FOR LIABILITIES (52,281 ) (50,145 )
NET ASSETS 1,039 770

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 939 670
SHAREHOLDERS' FUNDS 1,039 770

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KA Tooling Ltd (Registered number: 05171406)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 March 2025 and were signed by:





A Hill - Director


KA Tooling Ltd (Registered number: 05171406)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

KA Tooling Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

KA Tooling Ltd (Registered number: 05171406)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 1,238,026
Additions 37,938
At 31 July 2024 1,275,964
DEPRECIATION
At 1 August 2023 962,573
Charge for year 93,491
At 31 July 2024 1,056,064
NET BOOK VALUE
At 31 July 2024 219,900
At 31 July 2023 275,453

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 79,153 109,056
Other debtors 95,370 56,804
174,523 165,860

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 34,024 34,024
Hire purchase contracts 52,216 59,863
Trade creditors 59,654 65,163
Taxation and social security 154,290 54,874
Other creditors 1,802 2,526
301,986 216,450

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 43,954 77,954
Hire purchase contracts 115,694 173,828
159,648 251,782

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 43,954 77,954

KA Tooling Ltd (Registered number: 05171406)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
A Hill
Balance outstanding at start of year 67,417 67,417
Amounts advanced 233,311 -
Amounts repaid (195,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 105,728 67,417

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the shareholders who own 100% of the issued share capital.