Registered number
14140873
CKT London Limited
Filleted Accounts
31 May 2024
CKT London Limited
Registered number: 14140873
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 60,000 80,000
Tangible assets 4 117,217 154,648
177,217 234,648
Current assets
Stocks 3,500 3,500
Cash at bank and in hand 586,393 191,765
589,893 195,265
Creditors: amounts falling due within one year 5 (276,083) (164,692)
Net current assets 313,810 30,573
Total assets less current liabilities 491,027 265,221
Provisions for liabilities (27,612) (29,201)
Net assets 463,415 236,020
Capital and reserves
Called up share capital 1 1
Profit and loss account 463,414 236,019
Shareholder's funds 463,415 236,020
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.
Mr Chun Kwong Tang
Director
Approved by the board on 28 February 2025
CKT London Limited
Notes to the Accounts
for the year ended 31 May 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Intangible fixed asset
Intangible fixed asset is measured at cost less accumulative amortisation and any accumulative impairment losses.
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 at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Short leasehold property over the lease term
Plant and machinery over 5 years
Furniture Fixtures and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 10
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2023 100,000
At 31 May 2024 100,000
Amortisation
At 1 June 2023 20,000
Provided during the year 20,000
At 31 May 2024 40,000
Net book value
At 31 May 2024 60,000
At 31 May 2023 80,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Short leasehold property Plant and machinery etc Total
£ £ £
Cost
At 1 June 2023 8,000 184,079 192,079
At 31 May 2024 8,000 184,079 192,079
Depreciation
At 1 June 2023 615 36,816 37,431
Charge for the year 615 36,816 37,431
At 31 May 2024 1,230 73,632 74,862
Net book value
At 31 May 2024 6,770 110,447 117,217
At 31 May 2023 7,385 147,263 154,648
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 188,305 124,803
Other creditors 87,778 39,889
276,083 164,692
6 Other information
CKT London Limited is a private company limited by shares and incorporated in England. Its registered office is:
8 Gerrard Street
Londong
England
W1D 5PJ
7 Ultimate controlling party
The company is controlled by the sole director.
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