1 April 2023 false No description of principal activity Taxfiler 2024.6 04688912business:PrivateLimitedCompanyLtd2023-04-012024-03-31 046889122023-03-31 046889122023-04-012024-03-31 04688912business:AuditExemptWithAccountantsReport2023-04-012024-03-31 04688912business:AbridgedAccounts2023-04-012024-03-31 046889122024-03-31 046889122023-03-31 04688912core:WithinOneYear2024-03-31 04688912core:WithinOneYear2023-03-31 04688912core:AfterOneYear2024-03-31 04688912core:AfterOneYear2023-03-31 04688912core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 04688912core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 04688912core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 04688912core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 04688912core:PreviouslyStatedAmount2024-03-31 04688912core:PreviouslyStatedAmount2023-03-31 04688912business:SmallEntities2023-04-012024-03-31 04688912business:Director12023-04-012024-03-31 04688912countries:EnglandWales2023-04-012024-03-31 04688912business:RegisteredOffice2023-04-012024-03-31 04688912core:FurnitureFittings2023-04-012024-03-31 04688912core:ComputerEquipment2023-04-012024-03-31 046889122022-04-012023-03-31 iso4217:GBP xbrli:pure
KWT (UK) LTD Unaudited accounts Contents
Page
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KWT (UK) LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
58,888 
61,591 
Current assets
Debtors
59,157 
46,403 
Cash at bank and in hand
143,521 
346,202 
202,678 
392,605 
Creditors: amounts falling due within one year
(39,391)
(273,619)
Net current assets
163,287 
118,986 
Total assets less current liabilities
222,175 
180,577 
Creditors: amounts falling due after more than one year
(13,294)
(21,283)
Provisions for liabilities
Deferred tax
(11,955)
(11,703)
Net assets
196,926 
147,591 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
196,924 
147,589 
Shareholders' funds
196,926 
147,591 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by
A Wood Director Company Registration No. 04688912
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KWT (UK) LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
KWT (UK) LTD is a private company, limited by shares, registered in England and Wales, registration number 04688912. The registered office is ASHTREE HOUSE, MIDDLE STREET, OWSTON, OAKHAM, LE15 8DN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
2 years
Computer equipment
2 years
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 goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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KWT (UK) LTD Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2023
108,172 
Additions
14,750 
At 31 March 2024
122,922 
Depreciation
At 1 April 2023
46,581 
Charge for the year
17,453 
At 31 March 2024
64,034 
Net book value
At 31 March 2024
58,888 
At 31 March 2023
61,591 
5
Transactions with related parties
The directors charged the company rent of £2,285 (2022: £1,559). The directors also made an interest free loan to the company of £372 (2022: £18,704). The directors reserve the right to charge the company interest at any stage.
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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