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REGISTERED NUMBER: 08288968 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

KWB LONDON LIMITED

KWB LONDON LIMITED (REGISTERED NUMBER: 08288968)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KWB LONDON LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: K Behan
M Woods-Morris





SECRETARY: M Woods-Morris





REGISTERED OFFICE: 140A Tachbrook Street
London
SW1V 2NE





REGISTERED NUMBER: 08288968 (England and Wales)





ACCOUNTANTS: Saunders Wood & Co.
Chartered Accountants
140A Tachbrook Street
London SW1V 2NE

KWB LONDON LIMITED (REGISTERED NUMBER: 08288968)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 413,161 294,014

CURRENT ASSETS
Stocks 832,206 438,875
Debtors 5 1,464,229 927,530
Cash at bank 376,025 293,727
2,672,460 1,660,132
CREDITORS
Amounts falling due within one year 6 1,404,268 1,027,843
NET CURRENT ASSETS 1,268,192 632,289
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,681,353

926,303

CREDITORS
Amounts falling due after more than one
year

7

504,901

368,956
NET ASSETS 1,176,452 557,347

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 1,166,452 547,347
1,176,452 557,347

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

KWB LONDON LIMITED (REGISTERED NUMBER: 08288968)

BALANCE SHEET - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 February 2024 and were signed on its behalf by:





K Behan - Director


KWB LONDON LIMITED (REGISTERED NUMBER: 08288968)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

KWB London Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - in accordance with the property lease
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

KWB LONDON LIMITED (REGISTERED NUMBER: 08288968)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2023 7,489 487,939 17,681
Additions - 113,000 4,916
At 31 December 2023 7,489 600,939 22,597
DEPRECIATION
At 1 January 2023 3,740 236,135 6,964
Charge for year 748 54,721 2,345
At 31 December 2023 4,488 290,856 9,309
NET BOOK VALUE
At 31 December 2023 3,001 310,083 13,288
At 31 December 2022 3,749 251,804 10,717

KWB LONDON LIMITED (REGISTERED NUMBER: 08288968)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 52,945 38,381 604,435
Additions 80,800 1,938 200,654
At 31 December 2023 133,745 40,319 805,089
DEPRECIATION
At 1 January 2023 28,747 34,835 310,421
Charge for year 19,501 4,192 81,507
At 31 December 2023 48,248 39,027 391,928
NET BOOK VALUE
At 31 December 2023 85,497 1,292 413,161
At 31 December 2022 24,198 3,546 294,014

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 42,677
DEPRECIATION
At 1 January 2023
and 31 December 2023 42,677
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 863,491 513,520
Other debtors 55,669 36,571
Tax 352,661 32,500
VAT 109,066 19,811
1,380,887 602,402

Amounts falling due after more than one year:
Trade debtors 83,342 325,128

Aggregate amounts 1,464,229 927,530

KWB LONDON LIMITED (REGISTERED NUMBER: 08288968)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other loans 125,446 91,279
Hire purchase contracts 106,846 67,156
Trade creditors 1,051,707 781,926
Tax 44,301 16,083
Social security and other taxes 58,410 36,199
Other creditors 11,558 30,000
Accrued expenses 6,000 5,200
1,404,268 1,027,843

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other loans - 2-5 years 327,954 251,248
Hire purchase contracts 176,947 117,708
504,901 368,956