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KT'S TRANSPORT SERVICES LTD

Registered Number
08680182
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

KT'S TRANSPORT SERVICES LTD
Company Information
for the year from 1 September 2023 to 31 August 2024

Director

SLADE, Katie-Anne

Registered Address

Room 33, Denel Suite, The Rufus Centre Steppingley Road
Flitwick
Bedford
MK45 1AH

Registered Number

08680182 (England and Wales)
KT'S TRANSPORT SERVICES LTD
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets39,44913,221
9,44913,221
Current assets
Debtors257,790243,592
Cash at bank and on hand7,75244,067
265,542287,659
Prepayments and accrued income144144
Creditors amounts falling due within one year4(318,993)(315,766)
Net current assets (liabilities)(53,307)(27,963)
Total assets less current liabilities(43,858)(14,742)
Creditors amounts falling due after one year5(27,515)(32,665)
Net assets(71,373)(47,407)
Capital and reserves
Called up share capital11
Profit and loss account(71,374)(47,408)
Shareholders' funds(71,373)(47,407)
The financial statements were approved and authorised for issue by the Director on 20 May 2025, and are signed on its behalf by:
SLADE, Katie-Anne
Director
Registered Company No. 08680182
KT'S TRANSPORT SERVICES LTD
Notes to the Financial Statements
for the year ended 31 August 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.
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 (%)
Fixtures and fittings25
Vehicles25
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year55
3.Tangible fixed assets

Vehicles

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 September 2318,3045,04711,66135,012
At 31 August 2418,3045,04711,66135,012
Depreciation and impairment
At 01 September 2312,1463,4576,18821,791
Charge for year1,5403981,0472,985
Other adjustments--787787
At 31 August 2413,6863,8558,02225,563
Net book value
At 31 August 244,6181,1923,6399,449
At 31 August 236,1581,5905,47313,221
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables290,624275,379
Taxation and social security13,54023,546
Other creditors12,82914,842
Accrued liabilities and deferred income2,0001,999
Total318,993315,766
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.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts27,51532,665
Total27,51532,665