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REGISTERED NUMBER: 06303230
















Unaudited Financial Statements for the Year Ended 31 July 2024

for


K T M Europe Limited


K T M Europe Limited (Registered number: 06303230)







Contents of the Financial Statements

for the Year Ended 31 July 2024





Page



Balance Sheet  

1



Notes to the Financial Statements  

2




K T M Europe Limited (Registered number: 06303230)


Balance Sheet

31 July 2024



31.7.24

31.7.23




£   

£   

£   


FIXED ASSETS

Tangible assets


55,401


44,412




CURRENT ASSETS

Stocks

12,784


11,432



Debtors


142,544


155,082



Cash at bank and in hand

45,484


24,683



200,812


191,197



CREDITORS

Amounts falling due within one year


32,620


63,884



NET CURRENT ASSETS

168,192


127,313



TOTAL ASSETS LESS CURRENT

LIABILITIES

223,593


171,725




CREDITORS

Amounts falling due after more than one

year


128,312


92,841



NET ASSETS

95,281


78,884




CAPITAL AND RESERVES

Called up share capital


10,500


10,500



Retained earnings


84,781


68,384



SHAREHOLDERS' FUNDS

95,281


78,884




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 directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.  


The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:





Mrs P Amarasinghe - Director



K T M Europe Limited (Registered number: 06303230)


Notes to the Financial Statements

for the Year Ended 31 July 2024


1.

STATUTORY INFORMATION



K T M Europe Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address are as below:



Registered number:

06303230



Registered office:

76 Twyford Road


Harrow


Middlesex


HA2 OSL


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

-  

20% on cost and 18% on cost



Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Taxation

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

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 11 (2023 - 14 ).