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REGISTERED NUMBER: 08720368 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2023

for

KWCG LIMITED

KWCG LIMITED (REGISTERED NUMBER: 08720368)

Contents of the Financial Statements
for the year ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KWCG LIMITED

Company Information
for the year ended 31 October 2023







Directors: Mr K Waller
Mrs K Waller





Registered office: New Derwent House
69-73 Theobald's Road
London
WC1X 8TA





Registered number: 08720368 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

KWCG LIMITED (REGISTERED NUMBER: 08720368)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 7,003 4,687
7,003 4,687

Current assets
Debtors 6 25,026 29,735
Cash at bank 79,785 30,791
104,811 60,526
Creditors
Amounts falling due within one year 7 91,718 11,482
Net current assets 13,093 49,044
Total assets less current liabilities 20,096 53,731

Creditors
Amounts falling due after more than one
year

8

19,693

29,307
Net assets 403 24,424

Capital and reserves
Called up share capital 9 1 1
Retained earnings 402 24,423
Shareholders' funds 403 24,424

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

KWCG LIMITED (REGISTERED NUMBER: 08720368)

Balance Sheet - continued
31 October 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 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 14 October 2024 and were signed on its behalf by:





Mr K Waller - Director


KWCG LIMITED (REGISTERED NUMBER: 08720368)

Notes to the Financial Statements
for the year ended 31 October 2023


1. Statutory information

KWCG 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents invoiced sale of services.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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.

3. Employees and directors

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

KWCG LIMITED (REGISTERED NUMBER: 08720368)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


4. Intangible fixed assets
Patents
and
licences
£   
Cost
At 1 November 2022
and 31 October 2023 21,000
Amortisation
At 1 November 2022
and 31 October 2023 21,000
Net book value
At 31 October 2023 -
At 31 October 2022 -

5. Tangible fixed assets
Computer
equipment
£   
Cost
At 1 November 2022 9,611
Additions 5,708
At 31 October 2023 15,319
Depreciation
At 1 November 2022 4,924
Charge for year 3,392
At 31 October 2023 8,316
Net book value
At 31 October 2023 7,003
At 31 October 2022 4,687

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 25,026 29,735

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 90,000 10,000
Taxation and social security 638 612
Other creditors 1,080 870
91,718 11,482

KWCG LIMITED (REGISTERED NUMBER: 08720368)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 19,693 29,307

9. Called up share capital

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

10. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
Mr K Waller
Balance outstanding at start of year 29,735 37,179
Amounts advanced 11,794 17,291
Amounts repaid (16,503 ) (24,735 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,026 29,735