2023-11-012024-07-312024-07-31falseSC571220KWIP LIMITED2024-10-14iso4217:GBPxbrli:pureSC5712202023-11-01SC5712202024-07-31SC5712202023-11-012024-07-31SC5712202022-11-01SC5712202023-10-31SC5712202022-11-012023-10-31SC571220bus:SmallEntities2023-11-012024-07-31SC571220bus:AuditExempt-NoAccountantsReport2023-11-012024-07-31SC571220bus:AbridgedAccounts2023-11-012024-07-31SC571220bus:PrivateLimitedCompanyLtd2023-11-012024-07-31SC571220core:WithinOneYear2024-07-31SC571220core:AfterOneYear2024-07-31SC571220core:WithinOneYear2023-10-31SC571220core:AfterOneYear2023-10-31SC571220core:ShareCapital2024-07-31SC571220core:SharePremium2024-07-31SC571220core:RevaluationReserve2024-07-31SC571220core:OtherReservesSubtotal2024-07-31SC571220core:RetainedEarningsAccumulatedLosses2024-07-31SC571220core:ShareCapital2023-10-31SC571220core:SharePremium2023-10-31SC571220core:RevaluationReserve2023-10-31SC571220core:OtherReservesSubtotal2023-10-31SC571220core:RetainedEarningsAccumulatedLosses2023-10-31SC571220core:LandBuildings2024-07-31SC571220core:PlantMachinery2024-07-31SC571220core:Vehicles2024-07-31SC571220core:FurnitureFittings2024-07-31SC571220core:OfficeEquipment2024-07-31SC571220core:NetGoodwill2024-07-31SC571220core:IntangibleAssetsOtherThanGoodwill2024-07-31SC571220core:ListedExchangeTraded2024-07-31SC571220core:UnlistedNon-exchangeTraded2024-07-31SC571220core:LandBuildings2023-10-31SC571220core:PlantMachinery2023-10-31SC571220core:Vehicles2023-10-31SC571220core:FurnitureFittings2023-10-31SC571220core:OfficeEquipment2023-10-31SC571220core:NetGoodwill2023-10-31SC571220core:IntangibleAssetsOtherThanGoodwill2023-10-31SC571220core:ListedExchangeTraded2023-10-31SC571220core:UnlistedNon-exchangeTraded2023-10-31SC571220core:LandBuildings2023-11-012024-07-31SC571220core:PlantMachinery2023-11-012024-07-31SC571220core:Vehicles2023-11-012024-07-31SC571220core:FurnitureFittings2023-11-012024-07-31SC571220core:OfficeEquipment2023-11-012024-07-31SC571220core:NetGoodwill2023-11-012024-07-31SC571220core:IntangibleAssetsOtherThanGoodwill2023-11-012024-07-31SC571220core:ListedExchangeTraded2023-11-012024-07-31SC571220core:UnlistedNon-exchangeTraded2023-11-012024-07-31SC571220core:MoreThanFiveYears2023-11-012024-07-31SC571220core:Non-currentFinancialInstruments2024-07-31SC571220core:Non-currentFinancialInstruments2023-10-31SC571220dpl:CostSales2023-11-012024-07-31SC571220dpl:DistributionCosts2023-11-012024-07-31SC571220core:LandBuildings2023-11-012024-07-31SC571220core:PlantMachinery2023-11-012024-07-31SC571220core:Vehicles2023-11-012024-07-31SC571220core:FurnitureFittings2023-11-012024-07-31SC571220core:OfficeEquipment2023-11-012024-07-31SC571220dpl:AdministrativeExpenses2023-11-012024-07-31SC571220core:NetGoodwill2023-11-012024-07-31SC571220core:IntangibleAssetsOtherThanGoodwill2023-11-012024-07-31SC571220dpl:GroupUndertakings2023-11-012024-07-31SC571220dpl:ParticipatingInterests2023-11-012024-07-31SC571220dpl:GroupUndertakingscore:ListedExchangeTraded2023-11-012024-07-31SC571220core:ListedExchangeTraded2023-11-012024-07-31SC571220dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-11-012024-07-31SC571220core:UnlistedNon-exchangeTraded2023-11-012024-07-31SC571220dpl:CostSales2022-11-012023-10-31SC571220dpl:DistributionCosts2022-11-012023-10-31SC571220core:LandBuildings2022-11-012023-10-31SC571220core:PlantMachinery2022-11-012023-10-31SC571220core:Vehicles2022-11-012023-10-31SC571220core:FurnitureFittings2022-11-012023-10-31SC571220core:OfficeEquipment2022-11-012023-10-31SC571220dpl:AdministrativeExpenses2022-11-012023-10-31SC571220core:NetGoodwill2022-11-012023-10-31SC571220core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-31SC571220dpl:GroupUndertakings2022-11-012023-10-31SC571220dpl:ParticipatingInterests2022-11-012023-10-31SC571220dpl:GroupUndertakingscore:ListedExchangeTraded2022-11-012023-10-31SC571220core:ListedExchangeTraded2022-11-012023-10-31SC571220dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-11-012023-10-31SC571220core:UnlistedNon-exchangeTraded2022-11-012023-10-31SC571220core:NetGoodwill2024-07-31SC571220core:IntangibleAssetsOtherThanGoodwill2024-07-31SC571220core:LandBuildings2024-07-31SC571220core:PlantMachinery2024-07-31SC571220core:Vehicles2024-07-31SC571220core:FurnitureFittings2024-07-31SC571220core:OfficeEquipment2024-07-31SC571220core:AfterOneYear2024-07-31SC571220core:WithinOneYear2024-07-31SC571220core:ListedExchangeTraded2024-07-31SC571220core:UnlistedNon-exchangeTraded2024-07-31SC571220core:ShareCapital2024-07-31SC571220core:SharePremium2024-07-31SC571220core:RevaluationReserve2024-07-31SC571220core:OtherReservesSubtotal2024-07-31SC571220core:RetainedEarningsAccumulatedLosses2024-07-31SC571220core:NetGoodwill2023-10-31SC571220core:IntangibleAssetsOtherThanGoodwill2023-10-31SC571220core:LandBuildings2023-10-31SC571220core:PlantMachinery2023-10-31SC571220core:Vehicles2023-10-31SC571220core:FurnitureFittings2023-10-31SC571220core:OfficeEquipment2023-10-31SC571220core:AfterOneYear2023-10-31SC571220core:WithinOneYear2023-10-31SC571220core:ListedExchangeTraded2023-10-31SC571220core:UnlistedNon-exchangeTraded2023-10-31SC571220core:ShareCapital2023-10-31SC571220core:SharePremium2023-10-31SC571220core:RevaluationReserve2023-10-31SC571220core:OtherReservesSubtotal2023-10-31SC571220core:RetainedEarningsAccumulatedLosses2023-10-31SC571220core:NetGoodwill2022-11-01SC571220core:IntangibleAssetsOtherThanGoodwill2022-11-01SC571220core:LandBuildings2022-11-01SC571220core:PlantMachinery2022-11-01SC571220core:Vehicles2022-11-01SC571220core:FurnitureFittings2022-11-01SC571220core:OfficeEquipment2022-11-01SC571220core:AfterOneYear2022-11-01SC571220core:WithinOneYear2022-11-01SC571220core:ListedExchangeTraded2022-11-01SC571220core:UnlistedNon-exchangeTraded2022-11-01SC571220core:ShareCapital2022-11-01SC571220core:SharePremium2022-11-01SC571220core:RevaluationReserve2022-11-01SC571220core:OtherReservesSubtotal2022-11-01SC571220core:RetainedEarningsAccumulatedLosses2022-11-01SC571220core:AfterOneYear2023-11-012024-07-31SC571220core:WithinOneYear2023-11-012024-07-31SC571220core:Non-currentFinancialInstrumentscore:CostValuation2023-11-012024-07-31SC571220core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-11-012024-07-31SC571220core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-11-012024-07-31SC571220core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-11-012024-07-31SC571220core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-11-012024-07-31SC571220core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-11-012024-07-31SC571220core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-11-012024-07-31SC571220core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-11-012024-07-31SC571220core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-11-012024-07-31SC571220core:Non-currentFinancialInstrumentscore:CostValuation2024-07-31SC571220core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-07-31SC571220core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-07-31SC571220core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-07-31SC571220core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-07-31SC571220core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-07-31SC571220core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-07-31SC571220core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-07-31SC571220core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-07-31SC571220core:Non-currentFinancialInstrumentscore:CostValuation2023-10-31SC571220core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-10-31SC571220core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-10-31SC571220core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-10-31SC571220core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-10-31SC571220core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-10-31SC571220core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-10-31SC571220core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-10-31SC571220core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-10-31SC571220bus:Director12023-11-012024-07-31

KWIP LIMITED

Registered Number
SC571220
(Scotland)

Unaudited Financial Statements for the Period ended
31 July 2024

KWIP LIMITED
Company Information
for the period from 1 November 2023 to 31 July 2024

Director

WORKMAN, Zachary

Registered Address

6 Crofthead Road
Prestwick
KA9 1HW

Registered Number

SC571220 (Scotland)
KWIP LIMITED
Balance Sheet as at
31 July 2024

Notes

31 Jul 2024

31 Oct 2023

£

£

£

£

ASSETS
Fixed assets
Tangible assets3-5,359
-5,359
Current assets
Cash at bank and in hand15,92515,592
15,92515,592
15,92515,592
15,92520,951
CAPITAL, RESERVES AND LIABILITIES
Capital and reserves
Called up share capital22
Profit and loss account11,54710,981
11,54910,983
Liabilities
Creditors amounts falling due within one year44,1489,065
Accruals and deferred income228903
15,92520,951
The financial statements were approved and authorised for issue by the Director on 14 October 2024, and are signed on its behalf by:
WORKMAN, Zachary
Director
Registered Company No. SC571220
KWIP LIMITED
Notes to the Financial Statements
for the period ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings25
Office Equipment25
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 November 2311,836
Additions(11,836)
Depreciation and impairment
At 01 November 236,477
Charge for year804
On disposals(7,281)
Net book value
At 31 July 24-
At 31 October 235,359
4.Creditors: amounts due within one year

2024

2023

££
Taxation and social security321896
Other creditors3,8278,169
Total4,1489,065
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.