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REGISTERED NUMBER: 07274644 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

KIWE 1 LIMITED

KIWE 1 LIMITED (REGISTERED NUMBER: 07274644)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KIWE 1 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: Mrs S Crook



REGISTERED OFFICE: 7 St John's Road,
Harrow
Middlesex
HA12EY



REGISTERED NUMBER: 07274644 (England and Wales)



ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY



BANKERS: Natwest Bank
209 Lower Addiscombe road
Croydon
depot code 190
CR0 6RB

KIWE 1 LIMITED (REGISTERED NUMBER: 07274644)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,649 4,163
3,649 4,163

CURRENT ASSETS
Debtors 6 12,244 20,676
Cash at bank and in hand 9,268 25,734
21,512 46,410
CREDITORS
Amounts falling due within one year 7 13,202 22,113
NET CURRENT ASSETS 8,310 24,297
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,959

28,460

CREDITORS
Amounts falling due after more than one year 8 12,473 17,011
NET (LIABILITIES)/ASSETS (514 ) 11,449

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings (10,514 ) 1,449
SHAREHOLDERS' FUNDS (514 ) 11,449

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 29 March 2024 and were signed by:





Mrs S Crook - Director


KIWE 1 LIMITED (REGISTERED NUMBER: 07274644)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Kiwe 1 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The financial statements have been prepared on a going concern basis, notwithstanding the net liabilities at balance sheet date. The director of the company has provided the company with an undertaking that it will continue to support the company financially for the foreseeable future and in the twelve months from the date of signing the financial statements.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of 20 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Financial instruments
Financial assets and financial liabilities are recognised in the Company’s balance sheet when the Company becomes a party to the contractual provisions of the instrument.

Loans and borrowings
Loans and borrowings are measured initially at fair value, net of transaction costs, and are measured
subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 35,000
AMORTISATION
At 1 July 2022
and 30 June 2023 35,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

KIWE 1 LIMITED (REGISTERED NUMBER: 07274644)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2022 9,292
Additions 775
At 30 June 2023 10,067
DEPRECIATION
At 1 July 2022 5,129
Charge for year 1,289
At 30 June 2023 6,418
NET BOOK VALUE
At 30 June 2023 3,649
At 30 June 2022 4,163

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,972 20,676
Director's current account 6,953 -
Tax 2,319 -
12,244 20,676

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,945 4,833
Trade creditors 2,182 -
Corporation Tax payable 1,655 2,323
Other creditors 1,300 1,299
Director's current account - 8,164
Accruals and deferred income 3,120 5,494
13,202 22,113

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 5,070 4,956
Bank Loans due after more than
5 years 7,403 12,055
12,473 17,011

Amounts falling due in more than five years:

Repayable by instalments
Bank Loans due after more than
5 years 7,403 12,055
7,403 12,055

KIWE 1 LIMITED (REGISTERED NUMBER: 07274644)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

9. RELATED PARTY DISCLOSURES

As at 30 June 2023, the director owed £6,953 by (2022:£8,164 to) to the company in respect of an interest free loan which is repayable on demand.

During the year, total dividends of £1,000 (2022: £11,000) were paid to the director.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the director by virtue of her holding of 100% of the ordinary share capital.