Company Registration No. 11218735 (England and Wales)
KIWON LTD
Unaudited accounts
for the year ended 28 February 2023
KIWON LTD
Unaudited accounts
Contents
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
KIWON LTD
Statement of financial position
as at 28 February 2023
Tangible assets
4,278
5,532
Cash at bank and in hand
106,963
138,637
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
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
KIWON LTD
Notes to the Accounts
for the year ended 28 February 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction.
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
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
At 28 February 2023
1,030
3,248
4,278
At 28 February 2022
1,472
4,060
5,532
KIWON LTD
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
Trade debtors
4,600
21,771
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
751
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
-
12,109
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).