Ronnie 1984

I am the sole director of a company receiving a salary through payroll of £12570 . I have submitted my self assessment tax return for 2023/24 to declare dividend income from the company and elected to have any liability under £3k collected through my tax code, which has been duly done with a K tax code for this tax year. My self assessment liability due 31 January 2025 is showing as a balancing payment for 2023-2024 being due plus the first payment on account for the 2024/25 tax year. For the life of me I cannot get my head round whether I still have to pay the amount showing as due in January or is this what is being collected by my K tax code!