KT Roofing Limited 31/12/2024 iXBRL

Company registration number: 09387237

KT Roofing Limited

Unaudited filleted financial statements

31 December 2024

KT Roofing Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

KT Roofing Limited

Directors and other information


	Directors	T McQuade
		K Thomas


	Company number	09387237


	Registered office	Vaughan Chambers
		Vaughan Road
		Harpenden
		AL5 4EE


	Accountants	Hicks and Company
		Chartered Accountants
		Vaughan Chambers
		Vaughan Road
		Harpenden
		AL5 4EE

KT Roofing Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of KT Roofing Limited

Year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of KT Roofing Limited for the year ended 31 December 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of KT Roofing Limited, as a body, in accordance with the terms of our engagement letter dated 4 September 2024. Our work has been undertaken solely to prepare for your approval the financial statements of KT Roofing Limited and state those matters that we have agreed to state to the board of directors of KT Roofing Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KT Roofing Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that KT Roofing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of KT Roofing Limited. You consider that KT Roofing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of KT Roofing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hicks and Company

Chartered Accountants

Vaughan Chambers

Vaughan Road

Harpenden

AL5 4EE

2 September 2025

KT Roofing Limited

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	5	4,793		15,285
		_______		_______
			4,793		15,285

Current assets
Debtors	6	45,926		62,890
Cash at bank and in hand		75		17,487
		_______		_______
		46,001		80,377
Creditors: amounts falling due
within one year	7	( 593,001)		( 496,482)
		_______		_______
Net current liabilities			( 547,000)		( 416,105)
			_______		_______
Total assets less current liabilities			( 542,207)		( 400,820)

Creditors: amounts falling due
after more than one year	8		( 19,867)		( 31,560)
			_______		_______
Net liabilities			( 562,074)		( 432,380)
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			( 562,174)		( 432,480)
			_______		_______
Shareholders deficit			( 562,074)		( 432,380)
			_______		_______

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 02 September 2025 , and are signed on behalf of the board by:

T McQuade

Director

Company registration number: 09387237

KT Roofing Limited

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Vaughan Chambers, Vaughan Road, Harpenden, AL5 4EE.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The accounts have been prepared on a going concern basis which assumes the continued support of the company's directors and shareholders.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Motor vehicles	-	25 %	reducing balance
Computer equipment	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2023: 7 ).

5. Tangible assets

	Motor vehicles	Computer equipment	Total
	£	£	£
Cost
At 1 January 2024	36,745	524	37,269
Disposals	( 16,500)	-	( 16,500)
	_______	_______	_______
At 31 December 2024	20,245	524	20,769
	_______	_______	_______
Depreciation
At 1 January 2024	21,635	349	21,984
Charge for the year	1,554	44	1,598
Disposals	( 7,606)	-	( 7,606)
	_______	_______	_______
At 31 December 2024	15,583	393	15,976
	_______	_______	_______
Carrying amount
At 31 December 2024	4,662	131	4,793
	_______	_______	_______
At 31 December 2023	15,110	175	15,285
	_______	_______	_______

6. Debtors

	2024	2023
	£	£
Trade debtors	38,159	51,542
Other debtors	7,767	11,348
	_______	_______
	45,926	62,890
	_______	_______

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	45,727	10,000
Trade creditors	90,124	67,980
Social security and other taxes	12,359	1,397
Other creditors	444,791	417,105
	_______	_______
	593,001	496,482
	_______	_______

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	19,867	25,382
Other creditors	-	6,178
	_______	_______
	19,867	31,560
	_______	_______

9. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2024
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	T McQuade	( 30,598)	2,329	( 28,269)
		_______	_______	_______

2023
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	T McQuade	( 33,576)	2,978	( 30,598)
		_______	_______	_______

10. Related party transactions

During the year the company received financial support from Star Investment Properties Ltd, a company in which T McQuade is a director and shareholder. The balance due to Star Investment Properties Ltd as at 31 December 2024 was £395,794 (2023 - £371,027).