General Information
K T I Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 07695006, registration address 72 , Otley Drive, Ilford, IG2 6QN.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Land and Buildings |
20.00% Reducing Balance |
| Fixtures and Fittings |
33.33% Reducing Balance
|
| Computer Equipment |
33.33% Reducing Balance
|
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the period was 2 (2024 : 2).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Land and Buildings |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 August 2024 |
31,500 |
|
18,799 |
|
3,475 |
|
53,774 |
| Additions |
- |
|
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
|
- |
| At 30 November 2025 |
31,500 |
|
18,799 |
|
3,475 |
|
53,774 |
| Depreciation |
| At 01 August 2024 |
11,862 |
|
9,616 |
|
1,305 |
|
22,783 |
| Charge for period |
7,866 |
|
6,130 |
|
1,448 |
|
15,444 |
| On disposals |
- |
|
- |
|
- |
|
- |
| At 30 November 2025 |
19,728 |
|
15,746 |
|
2,753 |
|
38,227 |
| Net book values |
| Closing balance as at 30 November 2025 |
11,772 |
|
3,053 |
|
722 |
|
15,547 |
| Opening balance as at 01 August 2024 |
19,638 |
|
9,183 |
|
2,170 |
|
30,991 |
|
| 4. |
Investments
| Cost |
Investments in group undertakings |
|
Loans to group undertakings |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 August 2024 |
601 |
|
160,991 |
|
161,592 |
| Additions |
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
| At 30 November 2025 |
601 |
|
160,991 |
|
161,592 |
|
| 5. |
Share Capital
Authorised
2 Class A shares of £1.00 each
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
2
Class A shares of £1.00 each |
2 |
|
2 |
|
2 |
|
2 |
|
| 6. |
Related parties
During the year the company entered into the following transactions with related parties: | Transaction value - income/(expenses) | | Balance owed by/(owed to) |
|---|
| 2025
£ | | 2024
£ | | 2025
£ | | 2024
£ |
|---|
| KTI Solutech Private Limited | - | | - | | 601 | | 601 | | Mahalakshmi | - | | - | | 160,991 | | 160,991 |
KTI Systems Ltd acquired 51% stake in KTI Solutech Private Limited on 22nd April 2019.
Intra company transcation - KTI Systems Ltd purchased services from KTI Solutech Private Ltd during the year ended 31st July 2022 Investments made into the entity controlled by the Directors of KTI.
KTI Systems Ltd has made an investment into the Entity controlled by the same Directors' of the KTI Systems £11,71,456.65. |
2
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