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Company registration number: 07007793

Kiwiosity Products Limited

Filleted Unaudited Financial Statements

for the Year Ended 30 September 2021

 

Kiwiosity Products Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Kiwiosity Products Limited

Company Information

Directors

Mr SC Myatt

Ms SB Myatt

Registered office

7 Waterside Court
St Helens
Merseyside
WA9 1UA

Accountants

Abrams Ashton Ltd
Chartered Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

 

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.

......................................

Abrams Ashton Ltd
Chartered Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

25 July 2022

 

Kiwiosity Products Limited

(Registration number: 07007793)
Balance Sheet as at 30 September 2021

Note

2021
£

2020
£

Fixed assets

 

Tangible assets

4

116

341

Current assets

 

Debtors

5

20,671

23,064

Cash at bank and in hand

 

1,389

2,410

 

22,060

25,474

Creditors: Amounts falling due within one year

6

(6,577)

(7,248)

Net current assets

 

15,483

18,226

Total assets less current liabilities

 

15,599

18,567

Provisions for liabilities

(22)

(65)

Net assets

 

15,577

18,502

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

15,477

18,402

Shareholders' funds

 

15,577

18,502

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 Board on 15 July 2022 and signed on its behalf by:
 

.........................................

Mr SC Myatt
Director

 

Kiwiosity Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7 Waterside Court
St Helens
Merseyside
WA9 1UA
United Kingdom

The principal place of business is:
Mosscroft
Off Plough Lane
Lathom
Lancs
L40 6JL

2

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2020 - 2).

 

Kiwiosity Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 October 2020

1,416

1,416

At 30 September 2021

1,416

1,416

Depreciation

At 1 October 2020

1,075

1,075

Charge for the year

225

225

At 30 September 2021

1,300

1,300

Carrying amount

At 30 September 2021

116

116

At 30 September 2020

341

341

5

Debtors

2021
£

2020
£

Trade debtors

2,596

2,594

Other debtors

18,075

20,470

20,671

23,064

6

Creditors

Creditors: amounts falling due within one year

2021
£

2020
£

Due within one year

Trade creditors

634

649

Corporation tax

4,170

5,045

Other creditors

1,773

1,554

6,577

7,248

 

Kiwiosity Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021

7

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

12,949

24,950

(17,430)

20,468

         
       

 

2021

At 1 October 2020
£

Advances to directors
£

Repayments by director
£

At 30 September 2021
£

Mr SC Myatt

Directors loan account

20,468

24,130

(26,523)

18,075

         
       

 

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.