Company registration number 05226030 (England and Wales)
KWC SOLUTIONS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
PAGES FOR FILING WITH REGISTRAR
KWC SOLUTIONS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 4
KWC SOLUTIONS LTD (REGISTERED NUMBER: 05226030)
BALANCE SHEET
AS AT
30 SEPTEMBER 2023
30 September 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,290
3,479
Current assets
Debtors
4
30,265
7,104
Cash at bank and in hand
39,897
51,043
70,162
58,147
Creditors: amounts falling due within one year
5
(15,645)
(10,468)
Net current assets
54,517
47,679
Total assets less current liabilities
57,807
51,158
Creditors: amounts falling due after more than one year
6
(25,556)
(30,000)
Net assets
32,251
21,158
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
32,250
21,157
Total equity
32,251
21,158
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
KWC SOLUTIONS LTD (REGISTERED NUMBER: 05226030)
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2023
30 September 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 7 March 2024
Mr Kelly Wahl
Director
KWC SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 3 -
1
Accounting policies
Company information
KWC Solutions Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Churchdown Chambers, Bordyke, Tonbridge, Kent, TN9 1NR.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received for services provided in the normal course of business, and is shown net of VAT.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
25 % reducing balance
Computers
Enter depreciation rate via StatDB - cd198
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
KWC SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 4 -
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 October 2022
25,666
25,666
Additions
831
831
At 30 September 2023
25,666
831
26,497
Depreciation and impairment
At 1 October 2022
22,187
22,187
Depreciation charged in the year
870
150
1,020
At 30 September 2023
23,057
150
23,207
Carrying amount
At 30 September 2023
2,609
681
3,290
At 30 September 2022
3,479
3,479
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
30,265
7,104
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
4,444
4,444
Taxation and social security
8,716
3,846
Other creditors
2,485
2,178
15,645
10,468
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
25,556
30,000