KWSR & Co Ltd - Accounts

KWSR & Co Ltd - Accounts

KWSR & CO LTD - Company Information

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Registered Number: 08010797
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 March 2023

for

KWSR & CO LTD

KWSR & Co Ltd
Contents Page
For the year ended 31 March 2023
 
 		 Notes
 		 2023
£		   2022
£
Fixed assets      
Intangible fixed assets 3 93,607    93,607 
Tangible fixed assets 4 6,950    7,845 
100,557    101,452 
Current assets      
Debtors: amounts falling due within one year 36,696    43,387 
Cash at bank and in hand 10,122    17,205 
46,818    60,592 
Creditors: amount falling due within one year (76,015)   (92,901)
Net current liabilities (29,197)   (32,309)
 
Total assets less current liabilities 71,360    69,143 
Net assets 71,360    69,143 
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account 71,260    69,043 
Shareholder's funds 71,360    69,143 
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 13 December 2023 and were signed by:


-------------------------------
Susan Rahman
Director
1
General Information
KWSR & Co Ltd is a private company, limited by shares, registered in England and Wales, registration number 08010797, registration address 136 Merton High Street, London, SW19 1BA.

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.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
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: 25% on WDV
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 year was 4 (2022 : 7).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 April 2022 93,607    93,607 
Additions -    - 
Disposals -    - 
At 31 March 2023 93,607    93,607 
Amortisation
At 01 April 2022 -    - 
Charge for year -    - 
On disposals -    - 
At 31 March 2023 -    - 
Net book values
At 31 March 2023 93,607    93,607 
At 31 March 2022 93,607    93,607 


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 April 2022 29,959    -    29,959 
Additions (8,554)   882    (7,672)
Disposals -    -    - 
At 31 March 2023 21,405    882    22,287 
Depreciation
At 01 April 2022 15,034    303    15,337 
Charge for year -    -    - 
On disposals -    -    - 
At 31 March 2023 15,034    303    15,337 
Net book values
Closing balance as at 31 March 2023 6,371    579    6,950 
Opening balance as at 01 April 2022 7,472    373    7,845 


2