KIWI DESIGN LIMITED

KIWI DESIGN LIMITED

KIWI DESIGN LIMITED - Company Information

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KIWI DESIGN LIMITED

Company Registration Number:
02077828 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

KIWI DESIGN LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

KIWI DESIGN LIMITED

Balance sheet

As at 31 December 2022


Notes
2022
2021


£
£
Fixed assets
Tangible assets: 3 388,392 325,366
Total fixed assets: 388,392 325,366
Current assets
Stocks: 362,013 340,592
Debtors:   1,160,568 1,276,313
Cash at bank and in hand: 744,275 741,261
Total current assets: 2,266,856 2,358,166
Creditors: amounts falling due within one year: 4 (2,016,419) (2,062,885)
Net current assets (liabilities): 250,437 295,281
Total assets less current liabilities: 638,829 620,647
Creditors: amounts falling due after more than one year:   (219,471) (235,194)
Provision for liabilities: (59,582) (49,349)
Total net assets (liabilities): 359,776 336,104
Capital and reserves
Called up share capital: 16,600 16,600
Profit and loss account: 343,176 319,504
Shareholders funds: 359,776 336,104

The notes form part of these financial statements

KIWI DESIGN LIMITED

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 15 September 2023
and signed on behalf of the board by:

Name: G F Blackmore
Status: Director

The notes form part of these financial statements

KIWI DESIGN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

KIWI DESIGN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 2021
Average number of employees during the period 24 24

KIWI DESIGN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible Assets

Total
Cost £
At 01 January 2022 711,297
Additions 169,611
Disposals (92,781)
At 31 December 2022 788,127
Depreciation
At 01 January 2022 385,931
Charge for year 91,107
On disposals (77,303)
At 31 December 2022 399,735
Net book value
At 31 December 2022 388,392
At 31 December 2021 325,366

KIWI DESIGN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Creditors: amounts falling due within one year note

The bank facility is secured by way of a charge on the company's assets. Finance leases and hire purchase contracts are secured on the assets concerned.

KIWI DESIGN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Financial commitments

The Redeemable shares are to be redeemed in stages at £135 per share. The amount to be redeemed at each stage will be mutually agreed between the company and the relevant shareholders and will ensure that the company does not contravene Section 687 of the Companies Act 2006 and that it continues to meet its banking covenants.Until redemption takes place, each Redeemable share will attract a maximum coupon rate of 4% per annum over the bank base rate (subject to a minimum coupon rate of 6.425%) calculated on the redemption value of the shares.