Company registration number:
Kiwiosity Products Limited
for the Year Ended 30 September 2021
Kiwiosity Products Limited
Contents
Company Information |
|
Accountants' Report |
|
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
Kiwiosity Products Limited
Company Information
Directors |
Mr SC Myatt Ms SB Myatt |
Registered office |
|
Accountants |
|
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Kiwiosity Products Limited
for the Year Ended 30 September 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Kiwiosity Products Limited for the year ended 30 September 2021 as set out on pages 3 to 8 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 at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Kiwiosity Products Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Kiwiosity Products Limited and state those matters that we have agreed to state to the Board of Directors of Kiwiosity Products Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kiwiosity Products Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Kiwiosity Products Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Kiwiosity Products Limited. You consider that Kiwiosity Products 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 accounts of Kiwiosity Products 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 accounts.
......................................
Chartered Accountants
St. Helens
Merseyside
WA9 1UA
Kiwiosity Products Limited
(Registration number: 07007793)
Balance Sheet as at 30 September 2021
Note |
2021 |
2020 |
|
Fixed assets |
|||
Tangible assets |
|
|
|
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets |
|
|
|
Total assets less current liabilities |
|
|
|
Provisions for liabilities |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Profit and loss account |
|
|
|
Shareholders' funds |
|
|
For the financial year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Kiwiosity Products Limited
(Registration number: 07007793)
Balance Sheet as at 30 September 2021
Approved and authorised by the
.........................................
Director
Kiwiosity Products Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
The principal place of business is:
Mosscroft
Off Plough Lane
Lathom
Lancs
L40 6JL
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Revenue comprises the fair value of the sale of goods and services net of value added tax, rebates and discounts. Sales of goods are recognised when the company has delivered the goods to the customer.
Tax
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Kiwiosity Products Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax has not been discounted.
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Office equipment |
25% straight line |
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Kiwiosity Products Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021
Tangible assets |
Office equipment |
Total |
|
Cost or valuation |
||
At 1 October 2020 |
|
|
At 30 September 2021 |
|
|
Depreciation |
||
At 1 October 2020 |
|
|
Charge for the year |
|
|
At 30 September 2021 |
|
|
Carrying amount |
||
At 30 September 2021 |
|
|
At 30 September 2020 |
|
|
Debtors |
2021 |
2020 |
|
Trade debtors |
|
|
Other debtors |
|
|
|
|
Creditors |
Creditors: amounts falling due within one year
2021 |
2020 |
|
Due within one year |
||
Trade creditors |
|
|
Corporation tax |
|
|
Other creditors |
|
|
|
|
Kiwiosity Products Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021
Related party transactions |
Transactions with directors |
2020 |
At 1 October 2019 |
Advances to directors |
Repayments by director |
At 30 September 2020 |
Mr SC Myatt |
||||
Directors loan account |
|
|
( |
|
2021 |
At 1 October 2020 |
Advances to directors |
Repayments by director |
At 30 September 2021 |
Mr SC Myatt |
||||
Directors loan account |
|
|
( |
|
The above loan is unsecured, interest free and repayable on demand. All the figures are disclosed on an aggregate basis. The loan was repaid shortly after the year end.