Company No: 02961333 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	K A Baker
	C T Baker
	T N Baker

SECRETARY

K A Baker

REGISTERED OFFICE	22 Wycombe End
	Beaconsfield
	HP9 1NB
	United Kingdom

COMPANY NUMBER

02961333 (England and Wales)

ACCOUNTANT	S&W Partners (Thames Valley) Limited
	22 Wycombe End
	Beaconsfield
	Buckinghamshire
	HP9 1NB

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	15,584		21,238
		15,584		21,238
Current assets
Stocks	4	11,078		11,002
Debtors	5	28,285		27,017
Cash at bank and in hand		151,439		205,293
		190,802		243,312
Creditors: amounts falling due within one year	6	( 114,488)		( 179,569)
Net current assets		76,314		63,743
Total assets less current liabilities		91,898		84,981
Creditors: amounts falling due after more than one year	7	( 5,280)		( 15,657)
Provision for liabilities		( 3,589)		( 5,310)
Net assets		83,029		64,014
Capital and reserves
Called-up share capital	8	10,000		10,000
Profit and loss account		73,029		54,014
Total shareholders' funds		83,029		64,014

For the financial 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of K.T.B. Engineering Limited (registered number: 02961333) were approved and authorised for issue by the Board of Directors on 02 September 2025. They were signed on its behalf by:

K A Baker Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

K.T.B. Engineering Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 22 Wycombe End, Beaconsfield, HP9 1NB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of K.T.B. Engineering Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Turnover

Turnover represents amounts receivable for goods and services net of VAT.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

3 - 6 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	8		8

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2024	138,670		138,670
Additions	3,518		3,518
Disposals	( 7,749)		( 7,749)
At 31 December 2024	134,439		134,439
Accumulated depreciation
At 01 January 2024	117,432		117,432
Charge for the financial year	9,172		9,172
Disposals	( 7,749)		( 7,749)
At 31 December 2024	118,855		118,855
Net book value
At 31 December 2024	15,584		15,584
At 31 December 2023	21,238		21,238

4. Stocks

	2024		2023
	£		£
Stocks	7,050		10,419
Work in progress	4,028		583
	11,078		11,002

5. Debtors

	2024		2023
	£		£
Trade debtors	19,225		3,952
Other debtors	9,060		23,065
	28,285		27,017

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	10,376		10,121
Trade creditors	41,255		40,310
Taxation and social security	18,896		37,672
Other creditors	43,961		91,466
	114,488		179,569

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

	2024		2023
	£		£
Bank loans	5,280		15,657

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
10,000 Ordinary shares shares of £ 1.00 each	10,000		10,000

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2024		2023
	£		£
within one year	40,000		43,542
between one and five years	116,667		0
	156,667		43,542