K.T.ELECTRICS LTD Company accounts

COMPANY REGISTRATION NUMBER: 03499002

K.T.ELECTRICS LTD

Unaudited Abridged Financial Statements

31 March 2025

K.T.ELECTRICS LTD

Abridged Financial Statements

Year ended 31 March 2025

Contents	Page

Directors' report	1

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory abridged financial statements	3

Abridged statement of income and retained earnings	4

Abridged statement of financial position	5

Notes to the abridged financial statements	7

K.T.ELECTRICS LTD

Directors' Report

Year ended 31 March 2025

The directors present their report and the unaudited abridged financial statements of the company for the year ended 31 March 2025 .

Principal activities

The company's principal activity is that of electrical contractors. The directors are satisfied with the company's performance in the current economic climate.

Directors

The directors who served the company during the year were as follows:

K. Taylor
N. Taylor
M. Taylor
S. Taylor
C. Taylor

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 9 October 2025 and signed on behalf of the board by:

K. Taylor

Director

Registered office:

33 Bolney Grange Industrial Park

Stairbridge Lane, Bolney

Haywards Heath

West Sussex

RH17 5PB

K.T.ELECTRICS LTD

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of K.T.ELECTRICS LTD

Year ended 31 March 2025

As described on the abridged statement of financial position, the directors of the company are responsible for the preparation of the abridged financial statements for the year ended 31 March 2025, which comprise the abridged statement of income and retained earnings, abridged statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these abridged financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

COOLEY & CO Chartered accountants

Sampuran House 3a Chislehurst Road Orpington Kent BR6 0DF

9 October 2025

K.T.ELECTRICS LTD

Abridged Statement of Income and Retained Earnings

Year ended 31 March 2025

	2025	2024
Note	£	£
Gross profit	388,554	611,199

Administrative expenses	515,990	544,505
	---------	---------
Operating (loss)/profit	( 127,436)	66,694

Interest payable and similar expenses		16,551	13,500
		---------	---------
(Loss)/profit before taxation	5	( 143,987)	53,194

Tax on (loss)/profit	( 20,500)	16,858
	---------	--------
(Loss)/profit for the financial year and total comprehensive income	( 123,487)	36,336
	---------	--------

Dividends paid and payable	( 10,000)	( 10,000)

Retained earnings at the start of the year	287,767	261,431
	---------	---------
Retained earnings at the end of the year	154,280	287,767
	---------	---------

All the activities of the company are from continuing operations.

K.T.ELECTRICS LTD

Abridged Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	6	53,029	51,038

Current assets

Debtors	525,330	692,896

Creditors: amounts falling due within one year	399,478	450,777
	---------	---------
Net current assets	125,852	242,119
	---------	---------
Total assets less current liabilities	178,881	293,157

Creditors: amounts falling due after more than one year	24,501	–

Provisions	–	5,290
	---------	---------
Net assets	154,380	287,867
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	154,280	287,767
	---------	---------
Shareholders funds	154,380	287,867
	---------	---------

These abridged financial statements have been prepared 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'.

For the year ending 31 March 2025 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 abridged 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 abridged financial statements .

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

K.T.ELECTRICS LTD

Abridged Statement of Financial Position (continued)

31 March 2025

These abridged financial statements were approved by the board of directors and authorised for issue on 9 October 2025 , and are signed on behalf of the board by:

K. Taylor

Director

Company registration number: 03499002

K.T.ELECTRICS LTD

Notes to the Abridged Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 33 Bolney Grange Industrial Park, Stairbridge Lane, Bolney, Haywards Heath, West Sussex, RH17 5PB.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced for services and products provided during the year, exclusive of value added tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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	-	20% straight line
Equipment	-	20% straight line

Impairment of fixed assets

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 18 (2024: 30 ).

5. Profit before taxation

Profit before taxation is stated after charging:

	2025	2024
	£	£
Depreciation of tangible assets	18,347	21,223
	--------	--------

6. Tangible assets

	£
Cost
At 1 April 2024	153,796
Additions	38,379
Disposals	( 67,766)
	---------
At 31 March 2025	124,409
	---------
Depreciation
At 1 April 2024	102,758
Charge for the year	18,347
Disposals	( 49,725)
	---------
At 31 March 2025	71,380
	---------
Carrying amount
At 31 March 2025	53,029
	---------
At 31 March 2024	51,038
	---------

7. Directors' advances, credits and guarantees

At the year end the company owed £170,000 (2024:£143,500) to a director, Mr.K.Taylor. The maximum outstanding during the year was £173,000 (2024:£143,500). Interest of £14,207 (2024:12,616) was paid to Mr.K.Taylor during the year in respect of this loan.

8. Related party transactions

During the year the company rented premises from Mr.K.Taylor and Mrs.N.Taylor at a cost of £22,500 (2024:£22,500).