KWL (Felixstowe) Limited 09936173 false 2022-02-01 2023-01-31 2023-01-31 The principal activity of the company is the provision of management services to a subsidiary. Digita Accounts Production Advanced 6.30.9574.0 true false true 09936173 2022-02-01 2023-01-31 09936173 2023-01-31 09936173 bus:OrdinaryShareClass1 bus:OtherShareType 2023-01-31 09936173 core:RetainedEarningsAccumulatedLosses 2023-01-31 09936173 core:ShareCapital 2023-01-31 09936173 core:CurrentFinancialInstruments 2023-01-31 09936173 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 09936173 bus:SmallEntities 2022-02-01 2023-01-31 09936173 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 09936173 bus:FullAccounts 2022-02-01 2023-01-31 09936173 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 09936173 bus:RegisteredOffice 2022-02-01 2023-01-31 09936173 bus:Director1 2022-02-01 2023-01-31 09936173 bus:OrdinaryShareClass1 bus:OtherShareType 2022-02-01 2023-01-31 09936173 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 09936173 countries:EnglandWales 2022-02-01 2023-01-31 09936173 core:CostValuation 2022-01-31 09936173 2021-02-01 2022-01-31 09936173 2022-01-31 09936173 bus:OrdinaryShareClass1 bus:OtherShareType 2022-01-31 09936173 core:RetainedEarningsAccumulatedLosses 2022-01-31 09936173 core:ShareCapital 2022-01-31 09936173 core:CurrentFinancialInstruments 2022-01-31 09936173 core:CurrentFinancialInstruments core:WithinOneYear 2022-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09936173

KWL (Felixstowe) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2023

 

KWL (Felixstowe) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

KWL (Felixstowe) Limited

Company Information

Director

Mr J H Flower

Registered office

59 Abbeygate Street
Bury St. Edmunds
Suffolk
IP33 1LB

Accountants

Jacobs Allen Limited
Chartered Accountants & Chartered Tax Advisers
59 Abbeygate Street
Bury St. Edmunds
Suffolk
IP33 1LB

 

KWL (Felixstowe) Limited

(Registration number: 09936173)
Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

2,288,633

2,288,633

Current assets

 

Debtors

5

984

-

Cash at bank and in hand

 

296,057

26,143

 

297,041

26,143

Creditors: Amounts falling due within one year

6

(243,380)

(300,363)

Net current assets/(liabilities)

 

53,661

(274,220)

Net assets

 

2,342,294

2,014,413

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

2,342,194

2,014,313

Shareholders' funds

 

2,342,294

2,014,413

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

Director's 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 director acknowledges his 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 September 2023
 

.........................................
Mr J H Flower
Director

 

KWL (Felixstowe) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

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:
59 Abbeygate Street
Bury St. Edmunds
Suffolk
IP33 1LB

The principal place of business is:
11-15 Schneider Business Park
Felixstowe
Suffolk
IP11 3SS
United Kingdom

These financial statements were authorised for issue by the director on 29 September 2023.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Group accounts not prepared

The company is the parent company of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts. These accounts therefore relate to this individual company only.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

KWL (Felixstowe) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

The investment in the subsidiary is measured at cost less any provision for impairment.

Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Investments

2023
£

2022
£

Investments in subsidiaries

2,288,633

2,288,633

 

KWL (Felixstowe) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Subsidiaries

£

Cost or valuation

At 1 February 2022

2,288,633

Provision

Carrying amount

At 31 January 2023

2,288,633

At 31 January 2022

2,288,633

5

Debtors

Current

2023
£

2022
£

Prepayments

654

-

Other debtors

330

-

984

-

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Amounts owed to group undertakings

230,954

289,276

Taxation and social security

10,446

11,087

Other creditors

1,980

-

243,380

300,363

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100