K-Tech Suspension Limited

(Registration number: 04209116)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	11,904	24,524
Tangible assets	5	357,495	288,031
		369,399	312,555
Current assets
Stocks	6	2,332,015	2,879,190
Debtors	7	1,092,138	1,170,631
Cash at bank and in hand		1,158,507	387,810
		4,582,660	4,437,631
Creditors: Amounts falling due within one year	8	(1,028,675)	(1,308,293)
Net current assets		3,553,985	3,129,338
Total assets less current liabilities		3,923,384	3,441,893
Creditors: Amounts falling due after more than one year	8	(30,221)	(37,129)
Provisions for liabilities		(86,324)	(73,207)
Net assets		3,806,839	3,331,557
Capital and reserves
Called up share capital	9	4	4
Retained earnings		3,806,835	3,331,553
Shareholders' funds		3,806,839	3,331,557

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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 September 2025 and signed on its behalf by:
 

K-Tech Suspension Limited

(Registration number: 04209116)
Balance Sheet as at 31 December 2024

......................................... Mr Christopher Robin Taylor Director

......................................... Mr Kenneth Charles Summerton Director

K-Tech Suspension Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Units 1&2 Marquis Court
Rawdon Business Park
Moira
Swadlincote
Derbyshire
DE12 6EJ

These financial statements were authorised for issue by the Board on 29 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

K-Tech Suspension Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tax

The tax expense for the period comprises current and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and Machinery	15% on reducing balance
Fixtures and Fittings	25% on reducing balance
Motor vehicles	25% on reducing balance
Computer equipment	25% on cost

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Website	20% on cost

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.

K-Tech Suspension Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

Trade 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.

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

K-Tech Suspension Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 33 (2023 - 35).

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 January 2024	63,098	63,098
At 31 December 2024	63,098	63,098
Amortisation
At 1 January 2024	38,574	38,574
Amortisation charge	12,620	12,620
At 31 December 2024	51,194	51,194
Carrying amount
At 31 December 2024	11,904	11,904
At 31 December 2023	24,524	24,524

The aggregate amount of research and development expenditure recognised as an expense during the period is £5,519 (2023 - £2,331).
 

K-Tech Suspension Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5	Tangible assets

	Improvements to Leasehold Property  £	Fixtures and fittings £	Plant and machinery £	Computer equipment £
Cost or valuation
At 1 January 2024	15,078	213,552	210,194	126,181
Additions	-	27,423	52,339	2,602
Disposals	-	-	(23,265)	-
At 31 December 2024	15,078	240,975	239,268	128,783
Depreciation
At 1 January 2024	15,078	133,238	94,166	101,325
Charge for the year	-	19,438	17,647	16,622
Eliminated on disposal	-	-	(2,081)	-
At 31 December 2024	15,078	152,676	109,732	117,947
Carrying amount
At 31 December 2024	-	88,299	129,536	10,836
At 31 December 2023	-	80,314	116,028	24,856

	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	157,065	722,070
Additions	86,915	169,279
Disposals	(14,100)	(37,365)
At 31 December 2024	229,880	853,984
Depreciation
At 1 January 2024	90,232	434,039
Charge for the year	18,326	72,033
Eliminated on disposal	(7,502)	(9,583)
At 31 December 2024	101,056	496,489
Carrying amount
At 31 December 2024	128,824	357,495
At 31 December 2023	66,833	288,031

K-Tech Suspension Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Stocks

	2024 £	2023 £
Finished goods and goods for resale	2,332,015	2,879,190

7

Debtors

Current	2024 £	2023 £
Trade debtors	859,791	916,043
Prepayments	126,601	104,140
Other debtors	105,746	150,448
	1,092,138	1,170,631

K-Tech Suspension Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	10	10,354	21,789
Trade creditors		576,015	866,467
Taxation and social security		286,800	286,586
Accruals and deferred income		60,449	39,351
Other creditors		95,057	94,100
		1,028,675	1,308,293

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	10	6,160	17,401
Deferred income		24,061	19,728
		30,221	37,129

9	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
A Voting of £1 each	2	2	2	2
B Dividend of £1 each	1	1	1	1
C Dividend of £1 each	1	1	1	1
	4	4	4	4

K-Tech Suspension Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

10	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	6,160	17,401

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	10,354	10,098
Bank overdrafts	-	11,691
	10,354	21,789

11	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2024 £	2023 £
Not later than one year	-	3,763

The amount of non-cancellable operating lease payments recognised as an expense during the year was £Nil (2023 - £7,966).