Registered number
10253359
KTV LIMITED
Unaudited Filleted Accounts
27 June 2024
Prepared by:
FLINTHAM MACKENZIE LIMITED
Chartered Accountants
277-279 Chiswick High Road
London
W4 4PU
KTV LIMITED
Registered number: 10253359
Balance Sheet
as at 27 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 131,258 145,080
Current assets
Stocks 108,882 117,679
Debtors 4 580,401 221,340
Cash at bank and in hand 103,478 111,703
792,761 450,722
Creditors: amounts falling due within one year 5 (380,836) (327,786)
Net current assets 411,925 122,936
Total assets less current liabilities 543,183 268,016
Creditors: amounts falling due after more than one year 6 (228,125) (75,857)
Net assets 315,058 192,159
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 314,058 191,159
Shareholders' funds 315,058 192,159
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 members have 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.
Bijan Alexander Kamali
Director
Approved by the board on 21 July 2025
KTV LIMITED
Notes to the Accounts
for the period from 30 June 2023 to 27 June 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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
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, other than freehold land, 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 20% on cost
Vehicles over 5 years
Plant and machinery 17.5% reducing balance
Fixtures, fittings, tools and equipment over 5 years
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
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
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Taxation
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 45 47
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 30 June 2023 5,922 175,949 39,500 221,371
Additions - 18,767 - 18,767
At 27 June 2024 5,922 194,716 39,500 240,138
Depreciation
At 30 June 2023 4,738 63,650 7,903 76,291
Charge for the period 1,184 23,502 7,903 32,589
At 27 June 2024 5,922 87,152 15,806 108,880
Net book value
At 27 June 2024 - 107,564 23,694 131,258
At 29 June 2023 1,184 112,299 31,597 145,080
4 Debtors 2024 2023
£ £
Prepayments - 5,000
Trade debtors 103,865 31,886
Other debtors 476,536 184,454
580,401 221,340
5 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals 13,190 9,890
Trade creditors 14,891 50,816
Taxation and social security costs 119,044 58,924
Other creditors 233,711 208,156
380,836 327,786
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 34,702 40,676
Other creditors 193,423 35,181
228,125 75,857
7 Other information
KTV LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
277-279 Chiswick High Road
London
W4 4PU
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