KWB Office Agency Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09484140 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

KWB OFFICE AGENCY LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

J C Bryce FRICS

N J Tripp

REGISTERED OFFICE:

1st Floor

Lancaster House

67 Newhall Street

BIRMINGHAM

West Midlands

B3 1NQ

REGISTERED NUMBER:

09484140 (England and Wales)

ACCOUNTANTS:

E R Grove & Co Limited

Grove House

Coombs Wood Court

Steel Park Road

Halesowen

West Midlands

B62 8BF

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of KWB Office Agency Limited for the year ended 31 March 2018 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of KWB Office Agency Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of KWB Office Agency Limited and state those matters that we have agreed to state to the Board of Directors of KWB Office Agency Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KWB Office Agency Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that KWB Office Agency Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of KWB Office Agency Limited. You consider that KWB Office Agency Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of KWB Office Agency Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

E R Grove & Co Limited

Grove House

Coombs Wood Court

Steel Park Road

Halesowen

West Midlands

B62 8BF

13 December 2018

FIXED ASSETS

Tangible assets

4

25,888

29,162

CURRENT ASSETS

Debtors

5

264,918

248,085

CREDITORS

Amounts falling due within one year

6

290,602

268,635

NET CURRENT LIABILITIES

(25,684

)

(20,550

)

TOTAL ASSETS LESS CURRENT LIABILITIES

204

8,612

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

202

8,610

SHAREHOLDERS' FUNDS

204

8,612

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 13 December 2018 and were signed on its behalf by:

J C Bryce FRICS - Director

1.	STATUTORY INFORMATION

KWB Office Agency 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Preparation of consolidated financial statements

The financial statements contain information about KWB Office Agency Limited as an individual company and do

not contain consolidated financial information as the parent of a group. The company is exempt under Section

400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its

subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent,

KWB Holdings Limited, 1st Floor, Lancaster House, 67 Newhall Street, Birmingham, B3 1NQ..

Turnover

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

value added tax and other sales taxes.

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

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2017

54,641

24,543

79,184

Additions

3,049

1,778

4,827

At 31 March 2018

57,690

26,321

84,011

DEPRECIATION

At 1 April 2017

32,700

17,322

50,022

Charge for year

6,057

2,044

8,101

At 31 March 2018

38,757

19,366

58,123

NET BOOK VALUE

At 31 March 2018

18,933

6,955

25,888

At 31 March 2017

21,941

7,221

29,162

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

71,865

149,896

Other debtors

193,053

98,189

264,918

248,085

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

37,042

34,417

Trade creditors

28,486

26,222

Taxation and social security

37,940

51,450

Other creditors

187,134

156,546

290,602

268,635

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2018

2017

£

£

Within one year

10,083

2,893

Between one and five years

18,357

16,920

28,440

19,813

8.	RELATED PARTY DISCLOSURES

2018

2017

£

£

Amounts due from associates

77,118

120

Amounts due to associates

-111,182

-77,440

9.	ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is KWB Holdings Limited, a company incorporated in England. A copy of the

accounts of the ultimate parent company may be obtained from its registered office at 1st Floor, Lancaster

House, 67 Newhall Street, Birmingham, West Midlands B3 1NQ.