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REGISTERED NUMBER: 04806539 (England and Wales)















KLW PROPERTY SERVICES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024






KLW PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04806539)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


KLW PROPERTY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: K R Wells
L A Wells





SECRETARY: L A Wells





REGISTERED OFFICE: 28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB





REGISTERED NUMBER: 04806539 (England and Wales)





ACCOUNTANTS: Xeinadin Grimsby
28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB

KLW PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04806539)

BALANCE SHEET
30TH JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,091 615

CURRENT ASSETS
Stocks 5 100 100
Debtors 6 16,906 18,843
Cash at bank 57,897 43,003
74,903 61,946
CREDITORS
Amounts falling due within one year 7 21,009 22,933
NET CURRENT ASSETS 53,894 39,013
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,985

39,628

PROVISIONS FOR LIABILITIES 207 117
NET ASSETS 54,778 39,511

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 54,776 39,509
SHAREHOLDERS' FUNDS 54,778 39,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd October 2024 and were signed on its behalf by:





K R Wells - Director


KLW PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04806539)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

KLW Property Services 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.

Turnover
Turnover represents invoiced services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures & Equipment - 25% on cost
Motor vehicles - 25% on cost

Stocks
Stocks and work in progress 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 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

KLW PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04806539)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and Fixtures Motor Computer
machinery & Equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1st July 2023 743 1,272 11,495 508 14,018
Additions 874 - - - 874
At 30th June 2024 1,617 1,272 11,495 508 14,892
DEPRECIATION
At 1st July 2023 645 1,226 11,495 37 13,403
Charge for year 137 7 - 254 398
At 30th June 2024 782 1,233 11,495 291 13,801
NET BOOK VALUE
At 30th June 2024 835 39 - 217 1,091
At 30th June 2023 98 46 - 471 615

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1st July 2023
and 30th June 2024 11,495
DEPRECIATION
At 1st July 2023
and 30th June 2024 11,495
NET BOOK VALUE
At 30th June 2024 -
At 30th June 2023 -

5. STOCKS
30.6.24 30.6.23
£    £   
Stocks 100 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 13,678 15,387
VAT 3,228 3,456
16,906 18,843

KLW PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04806539)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 10,709 14,668
Corporation Tax 9,144 7,185
Directors' current accounts 76 -
Accrued expenses 1,080 1,080
21,009 22,933

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.