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KT PLUMBING LIMITED

Registered Number
12264985
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

KT PLUMBING LIMITED
Company Information
for the year from 1 November 2023 to 31 October 2024

Director

PORITSANOS, Vasileios

Registered Address

7 Bell Yard
London
WC2A 2JR

Registered Number

12264985 (England and Wales)
KT PLUMBING LIMITED
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets324,77415,835
24,77415,835
Current assets
Debtors45,1485,517
Cash at bank and on hand11,23727,963
16,38533,480
Creditors amounts falling due within one year5(2,456)(8,744)
Net current assets (liabilities)13,92924,736
Total assets less current liabilities38,70340,571
Provisions for liabilities7(4,769)(3,016)
Net assets33,93437,555
Capital and reserves
Called up share capital102102
Profit and loss account33,83237,453
Shareholders' funds33,93437,555
The financial statements were approved and authorised for issue by the Director on 9 April 2025, and are signed on its behalf by:
PORITSANOS, Vasileios
Director
Registered Company No. 12264985
KT PLUMBING LIMITED
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from 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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery-5
Fixtures and fittings25-
Vehicles25-
Office Equipment-3
2.Average number of employees

20242023
Average number of employees during the year23
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 November 232,48416,7068,71027,900
Additions21722,3381,46224,017
Disposals(67)(16,450)(1,435)(17,952)
At 31 October 242,63422,5948,73733,965
Depreciation and impairment
At 01 November 237357,3633,96712,065
Charge for year5174,0652,1816,763
On disposals(21)(8,362)(1,254)(9,637)
At 31 October 241,2313,0664,8949,191
Net book value
At 31 October 241,40319,5283,84324,774
At 31 October 231,7499,3434,74315,835
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables1,928264
Other debtors3,0945,116
Prepayments and accrued income126137
Total5,1485,517
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables367177
Taxation and social security2,0898,532
Other creditors-35
Total2,4568,744
6.Creditors: amounts due after one year
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)4,7693,016
Total4,7693,016
8.Related party transactions
A debit balance of £2,954 (2023- £5,000) existed on the director loan account at year end. This was repaid in full in April 2025.