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REGISTERED NUMBER: 07014285 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Kiwi Design and Build Ltd

Kiwi Design and Build Ltd (Registered number: 07014285)






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


Kiwi Design and Build Ltd

Company Information
for the year ended 31 December 2023







DIRECTORS: J Overton
Mrs K C Neal-Smith





REGISTERED OFFICE: Unit 8, Weekin Works Park Hill Road
Harborne
Birmingham
B17 9HD





REGISTERED NUMBER: 07014285 (England and Wales)





ACCOUNTANTS: Pinfields Limited
Chartered Accountants
Meryll House
57 Worcester Road
Bromsgrove
Worcestershire
B61 7DN

Kiwi Design and Build Ltd (Registered number: 07014285)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,766 3,981

CURRENT ASSETS
Stocks 315,409 155,836
Debtors 5 210,341 186,762
Cash at bank 39,716 805
565,466 343,403
CREDITORS
Amounts falling due within one year 6 585,046 395,500
NET CURRENT LIABILITIES (19,580 ) (52,097 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,814

)

(48,116

)

CREDITORS
Amounts falling due after more than one
year

7

(34,453

)

(49,940

)

PROVISIONS FOR LIABILITIES (692 ) -
NET LIABILITIES (51,959 ) (98,056 )

Kiwi Design and Build Ltd (Registered number: 07014285)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings (51,962 ) (98,059 )
(51,959 ) (98,056 )

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 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 17 October 2024 and were signed on its behalf by:





Mrs K C Neal-Smith - Director


Kiwi Design and Build Ltd (Registered number: 07014285)

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

1. STATUTORY INFORMATION

Kiwi Design and Build 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.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Kiwi Design and Build Ltd (Registered number: 07014285)

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

2. ACCOUNTING POLICIES - continued
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.

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 15 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 34,639
DEPRECIATION
At 1 January 2023 30,658
Charge for year 1,215
At 31 December 2023 31,873
NET BOOK VALUE
At 31 December 2023 2,766
At 31 December 2022 3,981

Kiwi Design and Build Ltd (Registered number: 07014285)

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

5. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 113,368 108,430
Other debtors 64,673 36,332
178,041 144,762

Amounts falling due after more than one year:
Other debtors 32,300 42,000

Aggregate amounts 210,341 186,762

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 15,486 15,348
Trade creditors 276,172 176,104
Taxation and social security 285,352 195,439
Other creditors 8,036 8,609
585,046 395,500

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 34,453 49,940

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr 10,262 16,539

8. OTHER FINANCIAL COMMITMENTS

The company had lease commitments at the year of £6,199 (2022 - £9,919)

Kiwi Design and Build Ltd (Registered number: 07014285)

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

9. GOING CONCERN

The directors have considered the period ending 12 months after approving these financial statements and continued to adopt the going concern basis of accounting in preparing these financial statements.