KTM (NORTH EAST) LIMITED


Director	MASOOD, Tariq


Registered Address	2nd Floor Grove House
	55 Lowlands Road
	Harrow
	HA1 3AW


Registered Number	11539806 (England and Wales)

Balance Sheet as at
31 August 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		17,607		22,629
			17,607		22,629
Current assets
Stocks	4	59		2,212
Debtors	5	449,740		355,685
Cash at bank and on hand		14,127		18,972
		463,926		376,869
Creditors amounts falling due within one year	6	(84,337)		(145,062)
Net current assets (liabilities)			379,589		231,807
Total assets less current liabilities			397,196		254,436
Creditors amounts falling due after one year	7		(218,694)		(86,555)
Provisions for liabilities	8		(4,402)		(5,657)
Net assets			174,100		162,224
Capital and reserves
Called up share capital			100		100
Profit and loss account			174,000		162,124
Shareholders' funds			174,100		162,224

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 14 May 2026, and are signed on its behalf by:

MASOOD, Tariq
Director
Registered Company No. 11539806

KTM (NORTH EAST) LIMITED

Notes to the Financial Statements
for the year ended 31 August 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	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
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	15
	Fixtures and fittings	25
	Office Equipment	25

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	19		20

3.	Tangible fixed assets

	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 September 24	13,671	49,701	8,080	71,452
At 31 August 25	13,671	49,701	8,080	71,452
Depreciation and impairment
At 01 September 24	7,321	36,971	4,531	48,823
Charge for year	953	3,182	887	5,022
At 31 August 25	8,274	40,153	5,418	53,845
Net book value
At 31 August 25	5,397	9,548	2,662	17,607
At 31 August 24	6,350	12,730	3,549	22,629

4.	Stocks

	2025	2024
	£	£
Raw materials and consumables	59	2,212
Total	59	2,212

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Amounts owed by group undertakings	423,700	319,561
Other debtors	5,803	18,178
Prepayments and accrued income	20,237	17,946
Total	449,740	355,685


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	44,320	44,323
Bank borrowings and overdrafts	12,209	12,209
Taxation and social security	17,778	17,175
Other creditors	8,218	70,910
Accrued liabilities and deferred income	1,812	445
Total	84,337	145,062


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	218,694	86,555
Total	218,694	86,555

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	4,402	5,657
Total	4,402	5,657

9.	Directors advances, credits and guarantees
	Other creditors include a balance of £5,517 (2024: £63,041) related to the director's loan account Mr T Masood.

10.	Related party transactions
	At the year-end, Amounts owed by/to group undertakings balance include £104,035 (2024: £58,498) due from ATM (North East) Ltd and £115,589 (2024: £103,487) due from SBM (Northern) Ltd and £62,407 DR (2024: £55,407 DR) due from KATS (Stockton) Ltd and £114,700 (2024: £80,700) due from TM Holdings Ltd and £26,969 (2024: £ 21,469) due from TSN (North East) Ltd where Mr T Masood is also director of those companies.

10.

Related party transactions

At the year-end, Amounts owed by/to group undertakings balance include £104,035 (2024: £58,498) due from ATM (North East) Ltd and £115,589 (2024: £103,487) due from SBM (Northern) Ltd and £62,407 DR (2024: £55,407 DR) due from KATS (Stockton) Ltd and £114,700 (2024: £80,700) due from TM Holdings Ltd and  £26,969 (2024: £ 21,469) due from TSN (North East) Ltd where Mr T Masood is also director of those companies.