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REGISTERED NUMBER: 11006286 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 APRIL 2023

FOR

KPW ENTERPRISES LTD

KPW ENTERPRISES LTD (REGISTERED NUMBER: 11006286)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KPW ENTERPRISES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 APRIL 2023







DIRECTOR: J J Granville-Fall





REGISTERED OFFICE: Equinox House
Clifton Park Avenue
York
YO30 5PA





REGISTERED NUMBER: 11006286 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA

KPW ENTERPRISES LTD (REGISTERED NUMBER: 11006286)

BALANCE SHEET
29 APRIL 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 189,392 231,819
Cash at bank 337 2,233
189,729 234,052
CREDITORS
Amounts falling due within one year 5 142,523 194,624
NET CURRENT ASSETS 47,206 39,428
TOTAL ASSETS LESS CURRENT LIABILITIES 47,206 39,428

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 47,106 39,328
SHAREHOLDERS' FUNDS 47,206 39,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 3 October 2024 and were signed by:





J J Granville-Fall - Director


KPW ENTERPRISES LTD (REGISTERED NUMBER: 11006286)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2023


1. STATUTORY INFORMATION

KPW Enterprises Ltd 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.

These financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown with borrowings in current liabilities.

KPW ENTERPRISES LTD (REGISTERED NUMBER: 11006286)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 APRIL 2023


3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 189,392 231,819

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 1,500
Amounts owed to group undertakings 46,772 111,390
Taxation and social security 3,107 2,924
Other creditors 92,644 78,810
142,523 194,624

6. RELATED PARTY DISCLOSURES

Included in Debtors: Amounts falling due within one year is £189,392 (2022: £217,703) due to KPW Leasing Ltd. The amount owed by the company is repayable on demand. KPW Leasing Ltd is under the control of a close family relative (Dr P Hutton). Interest of £11,689 (2022: £13,289) was charged to KPW Leasing Ltd in the year.

Included in Creditors : Amounts falling due within one year, are amounts totalling £46,772 (2022: £110,450) owed to We Are Your IT Ltd (the holding company), which is repayable on demand.

Included in Creditors : Amounts falling due within one year, are amounts totalling £44,910 (2022: £44,910) owed to We R Your IT Ltd which are repayable on demand. Mr J Granville-Fall is a director and shareholder of We R Your IT Ltd.

Included in Creditors : Amounts falling due within one year is £487 owed to the director by the company.(2022: Included in Debtors, amounts falling due within one year is £14,116 owed from director of the company.)