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REGISTERED NUMBER: 01518053 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Kwicserve Limited

Kwicserve Limited (Registered number: 01518053)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

Kwicserve Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D G Agutter
S Agutter





SECRETARY: D G Agutter





REGISTERED OFFICE: 49 Heather Lea Avenue
Sheffield
S17 3DL





REGISTERED NUMBER: 01518053 (England and Wales)





ACCOUNTANTS: Heather Lea Business Services
49 Heather Lea Avenue
Sheffield
S17 3DL

Kwicserve Limited (Registered number: 01518053)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 137 161

CURRENT ASSETS
Debtors 5 4,288 4,424
Cash at bank 351 -
4,639 4,424
CREDITORS
Amounts falling due within one year 6 189,067 183,422
NET CURRENT LIABILITIES (184,428 ) (178,998 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(184,291

)

(178,837

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (184,293 ) (178,839 )
SHAREHOLDERS' FUNDS (184,291 ) (178,837 )

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.

Kwicserve Limited (Registered number: 01518053)

Balance Sheet - continued
31 December 2023


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 G Agutter - Director



S Agutter - Director


Kwicserve Limited (Registered number: 01518053)

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


1. STATUTORY INFORMATION

Kwicserve 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.

The accounts show a loss for the year £5,454 (2022 Loss - £3,878) and negative shareholders funds at the year end of £184,291 (2022 - £178,837). However both the director and the company's bankers have made loans to the company and it is their intention to leave these funds in the company for the foreseeable future. The director is of the opinion that it is appropriate fro the financial statements to be prepared on the going concern basis.

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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Kwicserve Limited (Registered number: 01518053)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 15,176 920 2,981 19,077
DEPRECIATION
At 1 January 2023 15,040 895 2,981 18,916
Charge for year 20 4 - 24
At 31 December 2023 15,060 899 2,981 18,940
NET BOOK VALUE
At 31 December 2023 116 21 - 137
At 31 December 2022 136 25 - 161

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 144 410
Other debtors 4,144 4,014
4,288 4,424

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 98
Trade creditors 252 634
Other creditors 188,815 182,690
189,067 183,422

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D G Agutter.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Kwicserve 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 Kwicserve Limited for the year ended 31 December 2023 which comprise the Income Statement, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Kwicserve 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 Kwicserve Limited and state those matters that we have agreed to state to the Board of Directors of Kwicserve Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kwicserve Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kwicserve 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 loss of Kwicserve Limited. You consider that Kwicserve 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 Kwicserve 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.






Heather Lea Business Services
49 Heather Lea Avenue
Sheffield
S17 3DL


25 September 2024