Registration number: 05247838

KTA Architects Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

KTA Architects Limited

Company Information

Directors

Mr A Sharma Mr R G Cord

Registered office

Winslade House Manor Drive Clyst St Mary Exeter EX5 1FY

Accountants

Thompson Jenner LLP Chartered Accountants 1 Colleton Crescent Exeter Devon EX2 4DG

KTA Architects Limited

(Registration number: 05247838)
Balance Sheet as at 31 December 2024

	Note	31 December 2024 £	30 September 2023 £
Fixed assets
Intangible assets	4	38,331	57,498
Tangible assets	5	97,994	105,048
		136,325	162,546
Current assets
Debtors	6	666,481	784,650
Cash at bank and in hand		47,170	52,260
		713,651	836,910
Creditors: Amounts falling due within one year	7	(580,917)	(584,841)
Net current assets		132,734	252,069
Total assets less current liabilities		269,059	414,615
Creditors: Amounts falling due after more than one year	7	(122,149)	(195,509)
Provisions for liabilities		(21,609)	(22,791)
Net assets		125,301	196,315
Capital and reserves
Called up share capital		1,216	1,216
Capital redemption reserve		288	288
Retained earnings		123,797	194,811
Shareholders' funds		125,301	196,315

For the financial period 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 period 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.

KTA Architects Limited

(Registration number: 05247838)
Balance Sheet as at 31 December 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 30 June 2025 and signed on its behalf by:
 

......................................... Mr R G Cord Director

KTA Architects Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

1	General information

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

The address of its registered office is:
Winslade House
Manor Drive
Clyst St Mary
Exeter
EX5 1FY

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.

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.

KTA Architects Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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
Leasehold properties	Over term of lease
Office equipment	10% - 25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

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
Goodwill	Over 10 years from date of transition to FRS102

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.

KTA Architects Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 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.

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.

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.

KTA Architects Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 19 (2023 - 21).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 October 2023	400,000	400,000
At 31 December 2024	400,000	400,000
Amortisation
At 1 October 2023	342,502	342,502
Amortisation charge	19,167	19,167
At 31 December 2024	361,669	361,669
Carrying amount
At 31 December 2024	38,331	38,331
At 30 September 2023	57,498	57,498

5	Tangible assets

	Leasehold property £	Office equipment  £	Total £
Cost or valuation
At 1 October 2023	49,677	176,506	226,183
Additions	-	4,500	4,500
At 31 December 2024	49,677	181,006	230,683
Depreciation
At 1 October 2023	4,668	116,467	121,135
Charge for the year	3,311	8,243	11,554
At 31 December 2024	7,979	124,710	132,689
Carrying amount
At 31 December 2024	41,698	56,296	97,994
At 30 September 2023	45,009	60,039	105,048

KTA Architects Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

6

Debtors

	31 December 2024 £	30 September 2023 £
Trade debtors	317,322	275,578
Other debtors	312,638	377,659
Prepayments and accrued income	36,521	131,413
Total current trade and other debtors	666,481	784,650

7

Creditors

	Note	31 December 2024 £	30 September 2023 £
Due within one year
Loans and borrowings	8	173,795	72,456
Trade creditors		111,710	264,955
Taxation and social security		166,697	179,291
Other creditors		17,887	22,396
Accrued expenses		110,828	45,743
		580,917	584,841
Due after one year
Loans and borrowings	8	122,149	195,509

KTA Architects Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

8	Loans and borrowings

Current loans and borrowings

	31 December 2024 £	30 September 2023 £
Bank borrowings	94,976	51,696
Bank overdrafts	78,819	20,760
	173,795	72,456