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REGISTERED NUMBER: 11261585 (England and Wales)















KW Electrical Contracting Limited

Financial Statements For The Year Ended 30 June 2023






KW Electrical Contracting Limited (Registered number: 11261585)






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

Chartered Certified Accountants' Report 5

KW Electrical Contracting Limited

Company Information
For The Year Ended 30 June 2023







DIRECTORS: L Waters
D Keen





REGISTERED OFFICE: 10 Cherford Road
Bournemouth
BH11 8SU





REGISTERED NUMBER: 11261585 (England and Wales)





ACCOUNTANTS: SSM Accountants Limited
23a Church Road
Parkstone
Poole
Dorset
BH14 8UF

KW Electrical Contracting Limited (Registered number: 11261585)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,771 28,786

CURRENT ASSETS
Stocks 4,656 9,656
Debtors 5 213,830 42,263
Cash at bank 34,225 94,168
252,711 146,087
CREDITORS
Amounts falling due within one year 6 96,112 54,155
NET CURRENT ASSETS 156,599 91,932
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,370

120,718

CREDITORS
Amounts falling due after more than one
year

7

(32,966

)

(48,403

)

PROVISIONS FOR LIABILITIES (5,770 ) (6,279 )
NET ASSETS 139,634 66,036

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 139,632 66,034
139,634 66,036

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 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by:





L Waters - Director


KW Electrical Contracting Limited (Registered number: 11261585)

Notes to the Financial Statements
For The Year Ended 30 June 2023

1. STATUTORY INFORMATION

KW Electrical Contracting 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.

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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2022 - 4 ) .

KW Electrical Contracting Limited (Registered number: 11261585)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 5,545 26,239 31,784
DEPRECIATION
At 1 July 2022 1,905 1,093 2,998
Charge for year 728 6,287 7,015
At 30 June 2023 2,633 7,380 10,013
NET BOOK VALUE
At 30 June 2023 2,912 18,859 21,771
At 30 June 2022 3,640 25,146 28,786

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 212,909 40,901
Other debtors 921 1,362
213,830 42,263

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors - 17,830
Taxation and social security 75,968 17,529
Other creditors 10,144 8,796
96,112 54,155

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 19,167 29,167
Other creditors 13,799 19,236
32,966 48,403

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
KW Electrical Contracting Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of KW Electrical Contracting Limited for the year ended 30 June 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of KW Electrical Contracting Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of KW Electrical Contracting Limited and state those matters that we have agreed to state to the Board of Directors of KW Electrical Contracting Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that KW Electrical Contracting 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 KW Electrical Contracting Limited. You consider that KW Electrical Contracting 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 KW Electrical Contracting 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.






SSM Accountants Limited
23a Church Road
Parkstone
Poole
Dorset
BH14 8UF


31 January 2024