Kiwe 1 Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07274644 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020

FOR

KIWE 1 LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs S Crook

REGISTERED OFFICE:

7 St John's Road,

Harrow Middlesex

HA1 2EY

London

E1 7HY

REGISTERED NUMBER:

07274644 (England and Wales)

ACCOUNTANTS:

Macalvins Limited

Chartered Accountants

7 St John's Road

Harrow

Middlesex

HA1 2EY

BANKERS:

Natwest Bank

209 Lower Addiscombe road

Croydon

depot code 190

CR0 6RB

FIXED ASSETS

Intangible assets

4

-

3,850

Tangible assets

5

428

670

428

4,520

CURRENT ASSETS

Debtors

6

16,985

595

Cash at bank and in hand

1,473

1,086

18,458

1,681

CREDITORS

Amounts falling due within one year

7

16,129

17,642

NET CURRENT ASSETS/(LIABILITIES)

2,329

(15,961

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,757

(11,441

)

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

(7,243

)

(21,441

)

SHAREHOLDERS' FUNDS

2,757

(11,441

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 March 2021 and were signed by:

Mrs S Crook - Director

1.	STATUTORY INFORMATION

Kiwe 1 Limited is a private company, limited by shares , registered in England and Wales. The company's registered

number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly

over its estimated useful life of 20 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Going concern

Current liabilities exceed current assets at the balance sheet date. The director considers, however, that the company

has sufficient liquid assets to meet its liabilities as and when they fall due, and that the company has sufficient

support from its creditors. In particular the director, who is the the principal creditor of the company, has given

assurances that he will not seek repayment of the balances on his loan account until such time as the company has

sufficient liquid assets to make payment. Accordingly the director considers that it is appropriate to prepare the

accounts on going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2019

and 30 June 2020

35,000

AMORTISATION

At 1 July 2019

31,150

Amortisation for year

3,850

At 30 June 2020

35,000

NET BOOK VALUE

At 30 June 2020

-

At 30 June 2019

3,850

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 July 2019

and 30 June 2020

4,535

DEPRECIATION

At 1 July 2019

3,865

Charge for year

242

At 30 June 2020

4,107

NET BOOK VALUE

At 30 June 2020

428

At 30 June 2019

670

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

9,985

-

Other debtors

-

595

Prepayments

7,000

-

16,985

595

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

-

2,336

Trade creditors

-

149

Social security and other taxes

1,179

77

Other creditors

2,862

2,296

Director's current account

8,488

8,884

Accruals and deferred income

3,600

3,900

16,129

17,642

8.	RELATED PARTY DISCLOSURES

As at 30 June 2020 the company owed £8,488 (2019:£8,884) to the director in respect of an interest free loan which

is repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by the director by virtue of her holding of 100% of the ordinary share capital.