14
01/11/2022
31/10/2023
2023-10-31
false
false
false
false
false
false
false
true
false
false
true
false
false
false
false
false
false
false
No description of principal activities is disclosed
2022-11-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
07797721
2022-11-01
2023-10-31
07797721
2023-10-31
07797721
2022-10-31
07797721
2021-11-01
2022-10-31
07797721
2022-10-31
07797721
2021-10-31
07797721
core:PlantMachinery
2022-11-01
2023-10-31
07797721
core:MotorVehicles
2022-11-01
2023-10-31
07797721
bus:RegisteredOffice
2022-11-01
2023-10-31
07797721
bus:LeadAgentIfApplicable
2022-11-01
2023-10-31
07797721
bus:Director1
2022-11-01
2023-10-31
07797721
bus:Director2
2022-11-01
2023-10-31
07797721
bus:Director3
2022-11-01
2023-10-31
07797721
core:PlantMachinery
2022-10-31
07797721
core:MotorVehicles
2022-10-31
07797721
core:PlantMachinery
2023-10-31
07797721
core:MotorVehicles
2023-10-31
07797721
core:WithinOneYear
2023-10-31
07797721
core:WithinOneYear
2022-10-31
07797721
core:AfterOneYear
2023-10-31
07797721
core:AfterOneYear
2022-10-31
07797721
core:ShareCapital
2023-10-31
07797721
core:ShareCapital
2022-10-31
07797721
core:RetainedEarningsAccumulatedLosses
2023-10-31
07797721
core:RetainedEarningsAccumulatedLosses
2022-10-31
07797721
core:PlantMachinery
2022-10-31
07797721
core:MotorVehicles
2022-10-31
07797721
bus:SmallEntities
2022-11-01
2023-10-31
07797721
bus:AuditExemptWithAccountantsReport
2022-11-01
2023-10-31
07797721
bus:SmallCompaniesRegimeForAccounts
2022-11-01
2023-10-31
07797721
bus:PrivateLimitedCompanyLtd
2022-11-01
2023-10-31
07797721
bus:FullAccounts
2022-11-01
2023-10-31
07797721
core:WithinOneYear
2022-11-01
2023-10-31
07797721
core:AfterOneYear
2022-11-01
2023-10-31
07797721
core:AllAssociates
2022-11-01
2023-10-31
Company registration number:
07797721
Kiwi Facilities Maintenance Limited
Unaudited filleted financial statements
31 October 2023
THE BARKER PARTNERSHIP
Chartered Accountants
Thirsk
Kiwi Facilities Maintenance Limited
Contents
Directors and other information
Accountants report
Balance sheet
Notes to the financial statements
Kiwi Facilities Maintenance Limited
Directors and other information
|
|
|
|
|
Directors |
D Jowett |
|
|
|
L Jowett |
(Appointed 20 January 2023) |
|
|
C Kerfoot |
|
|
|
|
|
|
|
|
|
|
Company number |
07797721 |
|
|
|
|
|
|
|
|
|
|
Registered office |
Unit 10 Thorpe Hill Farm |
|
|
|
Thorpe on the Hill |
|
|
|
Wakefield |
|
|
|
West Yorkshire |
|
|
|
WF3 3BX |
|
|
|
|
|
|
|
|
|
|
Business address |
Unit 10 Thorpe Hill Farm |
|
|
|
Thorpe on the Hill |
|
|
|
Wakefield |
|
|
|
West Yorkshire |
|
|
|
WF3 3BX |
|
|
|
|
|
|
|
|
|
|
Accountants |
The Barker Partnership |
|
|
|
17 Central Buildings |
|
|
|
Market Place |
|
|
|
Thirsk |
|
|
|
North Yorkshire |
|
|
|
YO1 1HD |
|
|
|
|
|
Kiwi Facilities Maintenance Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Kiwi Facilities Maintenance Limited
Year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kiwi Facilities Maintenance Limited for the year ended 31 October 2023 which comprise the Balance sheet and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Kiwi Facilities Maintenance Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Kiwi Facilities Maintenance Limited and state those matters that we have agreed to state to the board of directors of Kiwi Facilities Maintenance Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kiwi Facilities Maintenance Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Kiwi Facilities Maintenance Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kiwi Facilities Maintenance Limited. You consider that Kiwi Facilities Maintenance Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Kiwi Facilities Maintenance Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
The Barker Partnership
Chartered Accountants
17 Central Buildings
Market Place
Thirsk
North Yorkshire
YO1 1HD
11 April 2024
Kiwi Facilities Maintenance Limited
Balance sheet
31 October 2023
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
5 |
56,408 |
|
|
|
71,591 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
56,408 |
|
|
|
71,591 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
18,319 |
|
|
|
16,249 |
|
|
Debtors |
|
6 |
236,610 |
|
|
|
170,133 |
|
|
Cash at bank and in hand |
|
|
- |
|
|
|
52,481 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
254,929 |
|
|
|
238,863 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
7 |
(
251,120) |
|
|
|
(
233,184) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
3,809 |
|
|
|
5,679 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
60,217 |
|
|
|
77,270 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
8 |
|
|
(
47,401) |
|
|
|
(
63,931) |
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
|
|
|
(
1,639) |
|
|
|
(
3,944) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
11,177 |
|
|
|
9,395 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
200 |
|
|
|
200 |
Profit and loss account |
|
|
|
|
10,977 |
|
|
|
9,195 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
11,177 |
|
|
|
9,395 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
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;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
11 April 2024
, and are signed on behalf of the board by:
D Jowett
Director
Company registration number:
07797721
Kiwi Facilities Maintenance Limited
Notes to the financial statements
Year ended 31 October 2023
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Unit 10 Thorpe Hill Farm, Thorpe on the Hill, Wakefield, West Yorkshire, WF3 3BX.
The principal activity of the company is that of mechanical, electrical and facilities maintenance.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Plant and machinery |
- |
25 % |
reducing balance |
|
Motor vehicles |
- |
25 % |
reducing balance |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Hire purchase and finance leases
Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period over the period of the lease.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
14
(2022:
12
).
5.
Tangible assets
|
|
Plant and machinery |
Motor vehicles |
Total |
|
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 November 2022 |
49,721 |
78,384 |
128,105 |
|
|
|
|
|
Additions |
8,462 |
3,298 |
11,760 |
|
|
|
|
|
Disposals |
(
22,835) |
(
24,307) |
(
47,142) |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 October 2023 |
35,348 |
57,375 |
92,723 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 November 2022 |
35,473 |
21,041 |
56,514 |
|
|
|
|
|
Charge for the year |
5,719 |
13,781 |
19,500 |
|
|
|
|
|
Disposals |
(
20,911) |
(
18,788) |
(
39,699) |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 October 2023 |
20,281 |
16,034 |
36,315 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 October 2023 |
15,067 |
41,341 |
56,408 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 October 2022 |
14,248 |
57,343 |
71,591 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.
Debtors
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Trade debtors |
|
160,406 |
105,015 |
|
Amounts owed by group undertakings |
|
60,509 |
47,703 |
|
Other debtors |
|
15,695 |
17,415 |
|
|
|
_______ |
_______ |
|
|
|
236,610 |
170,133 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
12,667 |
9,716 |
|
Trade creditors |
|
74,118 |
63,188 |
|
Corporation tax |
|
53,055 |
39,705 |
|
Social security and other taxes |
|
97,894 |
108,070 |
|
Other creditors |
|
13,386 |
12,505 |
|
|
|
_______ |
_______ |
|
|
|
251,120 |
233,184 |
|
|
|
_______ |
_______ |
|
|
|
|
|
Included within other creditors are amounts totalling £6,630 (2022: £6,630) in respect of hire purchase liabilities which are secured on the related assets.
8.
Creditors: amounts falling due after more than one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
11,584 |
21,484 |
|
Other creditors |
|
35,817 |
42,447 |
|
|
|
_______ |
_______ |
|
|
|
47,401 |
63,931 |
|
|
|
_______ |
_______ |
|
|
|
|
|
Included within other creditors are amounts totalling £35,817 (2022: £42,447) in respect of hire purchase liabilities which are secured on the related assets.
9.
Related party transactions
Dividends totalling £70,000 (2022: £120,000) were paid in the year to the parent company.At the year end date an amount of £nil (2022: £1,393) was owed to D and
L Jowett
in respect of their loan account.At the year end date an amount of £10,776 (2022: £11,017) was due from C Kerfoot
in respect of his loan account.