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Company Registration No. 11218735 (England and Wales)
KIWON LTD Unaudited accounts for the year ended 28 February 2023
KIWON LTD Unaudited accounts Contents
Page
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KIWON LTD Company Information for the year ended 28 February 2023
Director
Mr Byung Hyuk MIN
Company Number
11218735 (England and Wales)
Registered Office
1 Draycott House 64 Penn Road Beaconsfield HP9 2LS United Kingdom
Accountants
FURUICHOI & CO Chartered Accountants 69 Station Road Hampton Greater London TW12 2BT
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KIWON LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,278 
5,532 
Current assets
Inventories
15,729 
19,500 
Debtors
4,600 
81,271 
Cash at bank and in hand
106,963 
138,637 
127,292 
239,408 
Creditors: amounts falling due within one year
(799)
(27,739)
Net current assets
126,493 
211,669 
Total assets less current liabilities
130,771 
217,201 
Creditors: amounts falling due after more than one year
- 
(12,109)
Net assets
130,771 
205,092 
Capital and reserves
Called up share capital
200,000 
200,000 
Profit and loss account
(69,229)
5,092 
Shareholders' funds
130,771 
205,092 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 October 2023 and were signed on its behalf by
Mr Byung Hyuk MIN Director Company Registration No. 11218735
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KIWON LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
KIWON LTD is a private company, limited by shares, registered in England and Wales, registration number 11218735. The registered office is 1 Draycott House, 64 Penn Road, Beaconsfield, HP9 2LS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
30% reducing balance
Computer equipment
20% reducing balance
Foreign exchange
Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
2,559 
6,649 
9,208 
At 28 February 2023
2,559 
6,649 
9,208 
Depreciation
At 1 March 2022
1,087 
2,589 
3,676 
Charge for the year
442 
812 
1,254 
At 28 February 2023
1,529 
3,401 
4,930 
Net book value
At 28 February 2023
1,030 
3,248 
4,278 
At 28 February 2022
1,472 
4,060 
5,532 
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KIWON LTD Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,600 
21,771 
Other debtors
- 
59,500 
4,600 
81,271 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
799 
4,116 
Trade creditors
- 
22,872 
Taxes and social security
- 
751 
799 
27,739 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
- 
12,109 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
200,000 Ordinary shares of £1 each
200,000 
200,000 
9
Transactions with related parties
The director, Mr Byung Hyuk MIN, made the investment of GBP 200,000 during the period ended 28/02/2019 by way of share capital as follows; Sole shareholder: Mr Byung Hyuk MIN Amount: GBP 200,000.00 Total Number of Share 200,000 at GBP 1.00 Date Purchased: 22nd February 2018.
10
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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