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REGISTERED NUMBER: NI073834 (Northern Ireland)









Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Kilwinning Limited

Kilwinning Limited (Registered number: NI073834)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Kilwinning Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mrs M M Carson





REGISTERED OFFICE: 2nd Floor
4 - 8 Market Place
Lisburn
Co. Antrim
BT28 1AN





REGISTERED NUMBER: NI073834 (Northern Ireland)





ACCOUNTANTS: KGA Accountants LLP
Building 2
The Sidings
Antrim Road
Lisburn
Co. Antrim
BT28 3AJ

Kilwinning Limited (Registered number: NI073834)

Abridged Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 613 817

CURRENT ASSETS
Cash at bank and in hand 535 1,591

CREDITORS
Amounts falling due within one year 32,609 33,794
NET CURRENT LIABILITIES (32,074 ) (32,203 )
TOTAL ASSETS LESS CURRENT LIABILITIES (31,461 ) (31,386 )

CREDITORS
Amounts falling due after more than one
year

(6,183

)

(11,703

)

PROVISIONS FOR LIABILITIES (711 ) (711 )
NET LIABILITIES (38,355 ) (43,800 )

CAPITAL AND RESERVES
Called up share capital 5 1 1
Retained earnings 6 (38,356 ) (43,801 )
SHAREHOLDERS' FUNDS (38,355 ) (43,800 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Kilwinning Limited (Registered number: NI073834)

Abridged Balance Sheet - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 November 2024 and were signed by:





Mrs M M Carson - Director


Kilwinning Limited (Registered number: NI073834)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Kilwinning Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are prepared in sterling which is the functional currency of the entity and rounded to the nearest £.

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.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

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
Computer equipment - 25% on reducing balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

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.

Kilwinning Limited (Registered number: NI073834)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Going concern
Due to the nature of the business being a close contact service, the business had been dramatically affected by the Covid 19 pandemic and government enforced closures. The director is of the opinion that sales income will continue to increase and the business will return to profitability.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023
and 29 February 2024 19,612
DEPRECIATION
At 1 March 2023 18,795
Charge for year 204
At 29 February 2024 18,999
NET BOOK VALUE
At 29 February 2024 613
At 28 February 2023 817

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary 1 1 1

6. RESERVES
Retained
earnings
£   

At 1 March 2023 (43,801 )
Profit for the year 5,445
At 29 February 2024 (38,356 )

7. RELATED PARTY DISCLOSURES

The company was 100% under the control of Mrs M Carson throughout the current period.

Included in Other creditors is a figure of £8,900.92 which related to Titanic Tattoo Limited of which Mrs M Carson is director.