KWCG Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08720368 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2020

for

KWCG LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

Mr K Waller

Registered office:

Coopers House

65a Wingletye Lane

Hornchurch

Essex

RM11 3AT

Registered number:

08720368 (England and Wales)

Accountants:

Haines Watts Essex LLP

Chartered Accountants

Coopers House

65a Wingletye Lane

Hornchurch

Essex

RM11 3AT

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

2,335

3,911

2,335

3,911

Current assets

Debtors

6

2,605

2,606

Cash at bank

52,636

79

55,241

2,685

Creditors

Amounts falling due within one year

7

5,820

6,337

Net current assets/(liabilities)

49,421

(3,652

)

Total assets less current liabilities

51,756

259

Creditors

Amounts falling due after more than one year

8

48,333

-

Net assets

3,423

259

Capital and reserves

Called up share capital

9

1

1

Retained earnings

3,422

258

Shareholders' funds

3,423

259

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 April 2021 and were signed by:

Mr K Waller - Director

1.	Statutory information

KWCG 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 represents invoiced sale of services.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.	Employees and directors

The average number of employees during the year was 1 (2019 - 1 ) .

4.	Intangible fixed assets

Patents and

licences

£

Cost

At 1 November 2019

and 31 October 2020

21,000

Amortisation

At 1 November 2019

and 31 October 2020

21,000

Net book value

At 31 October 2020

-

At 31 October 2019

-

5.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 November 2019

and 31 October 2020

1,628

7,309

8,937

Depreciation

At 1 November 2019

1,014

4,012

5,026

Charge for year

92

1,484

1,576

At 31 October 2020

1,106

5,496

6,602

Net book value

At 31 October 2020

522

1,813

2,335

At 31 October 2019

614

3,297

3,911

6.

Debtors: amounts falling due within one year

2020

2019

£

£

Trade debtors

2,600

2,600

Other debtors

5

6

2,605

2,606

7.

Creditors: amounts falling due within one year

2020

2019

£

£

Bank loans and overdrafts

1,667

-

Trade creditors

2,114

4,227

Taxation and social security

1,169

1,240

Other creditors

870

870

5,820

6,337

8.

Creditors: amounts falling due after more than one year

2020

2019

£

£

Bank loans

48,333

-

9.	Called up share capital

Allotted and issued:

Number:

Class:

Nominal

2020

2019

value:

£

£

1

Ordinary

£1

1

1

10.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 October 2020 and 31 October 2019:

2020

2019

£

£

Mr K Waller

Balance outstanding at start of year

6

4,268

Amounts advanced

8,942

18,805

Amounts repaid

(8,942

)

(23,067

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6

6