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REGISTERED NUMBER: 05888975 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Kirkwood Wilson Limited

Kirkwood Wilson Limited (Registered number: 05888975)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Kirkwood Wilson Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: C E Kirkwood-Wilson
D Kirkwood-Wilson





SECRETARY: C E Kirkwood-Wilson





REGISTERED OFFICE: 2a Swordfish Business Park
Swordfish Close
Higgins Lane
Burscough
Lancashire
L40 8JW





REGISTERED NUMBER: 05888975 (England and Wales)





ACCOUNTANTS: Kirkwood Wilson Limited
2a Swordfish Business Park
Swordfish Close
Higgins Lane
Burscough
Lancashire
L40 8JW

Kirkwood Wilson Limited (Registered number: 05888975)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 80,270 36,785
80,270 36,785

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 6 556,434 78,348
Cash at bank and in hand 278,659 481,675
840,093 565,023
CREDITORS
Amounts falling due within one year 7 742,264 344,603
NET CURRENT ASSETS 97,829 220,420
TOTAL ASSETS LESS CURRENT LIABILITIES 178,099 257,205

CREDITORS
Amounts falling due after more than one year 8 (28,045 ) (115,438 )

PROVISIONS FOR LIABILITIES (20,068 ) (11,787 )
NET ASSETS 129,986 129,980

CAPITAL AND RESERVES
Called up share capital 201 201
Retained earnings 129,785 129,779
SHAREHOLDERS' FUNDS 129,986 129,980

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.

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 25 September 2024 and were signed on its behalf by:





D Kirkwood-Wilson - Director


Kirkwood Wilson Limited (Registered number: 05888975)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Kirkwood Wilson 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten 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.

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.

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 17 (2022 - 16 ) .

Kirkwood Wilson Limited (Registered number: 05888975)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 400,000
AMORTISATION
At 1 January 2023
and 31 December 2023 400,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 101,697
Additions 66,652
At 31 December 2023 168,349
DEPRECIATION
At 1 January 2023 64,912
Charge for year 23,167
At 31 December 2023 88,079
NET BOOK VALUE
At 31 December 2023 80,270
At 31 December 2022 36,785

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 103,116 60,016
Amounts owed by group undertakings 444,400 -
Other debtors 8,918 18,332
556,434 78,348

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 50,000
Hire purchase contracts 8,225 8,041
Trade creditors 25,875 26,282
Taxation and social security 150,571 157,540
Other creditors 557,593 102,740
742,264 344,603

Kirkwood Wilson Limited (Registered number: 05888975)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 79,167
Hire purchase contracts 28,045 36,271
28,045 115,438