KMT48 Ltd - Filleted accounts

KMT48 Ltd
Registered number:		07556005
Statement of Financial Position
as at 31 March 2025

Notes			2025			2024
£				£
Current assets
Debtors	3	386			2,159
Cash at bank and in hand		337			995
		723			3,154

Creditors: amounts falling due within one year	4	(3,943)			(3,334)

Net current liabilities			(3,220)			(180)

Total assets less current liabilities			(3,220)			(180)

Creditors: amounts falling due after more than one year	5		(1,425)			(3,108)



Net liabilities			(4,645)			(3,288)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(4,745)			(3,388)

Shareholders' funds			(4,645)			(3,288)

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 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.




K Tsirimiagkos
Director
Approved by the board on 3 September 2025

KMT48 Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.

	Going concern
	The company had retained losses as at the balance sheet date which were not covered by the share capital of the company. The company is continuing to trade as the director of the company is funding the company in the form of a director’s loan. The director is planning to continue this financial support for the company for the foreseeable future.

	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 rendering of services. 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.

	Debtors
	Short term debtors are measured at transaction 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. 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.

	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.



2	Employees and directors					2025		2024
Number							Number

	Average number of directors and persons employed by the company					1		1


3	Debtors					2025		2024
£							£

	Other debtors					386		2,159


4	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					1,683		1,648
	Accruals					912		868
	Corporation tax					-		1
	Other creditors					1,348		817
						3,943		3,334


5	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					1,425		3,108


6	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	K Tsirimiagkos
	Repayable on demand	1,554		1,776		4,002		(672)

		1,554		1,776		4,002		(672)


7	Other information

	KMT48 Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	132 Grandview, Flat 132 Grandview
	296 Farnborough Road
	Hampshire
	GU14 7GZ