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REGISTERED NUMBER: 13314302 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

KEIRA WILES LIMITED

KEIRA WILES LIMITED (REGISTERED NUMBER: 13314302)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


KEIRA WILES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: Mrs K B Wiles
A F Wiles





REGISTERED OFFICE: 6 Bank Street
Castleford
West Yorkshire
WF10 1HZ





REGISTERED NUMBER: 13314302 (England and Wales)





ACCOUNTANTS: Smith Turner Chartered Accountants
Unit 7, Courtyard 31
Pontefract Road
Normanton
WF6 1JU

KEIRA WILES LIMITED (REGISTERED NUMBER: 13314302)

BALANCE SHEET
30TH APRIL 2024

30/4/24 30/4/23
Notes £    £   
FIXED ASSETS
Intangible assets 4 17,100 24,700
Tangible assets 5 1,977 2,622
19,077 27,322

CURRENT ASSETS
Stocks 25,104 39,525
Debtors 6 17,981 4,989
Cash at bank 127,995 76,429
171,080 120,943
CREDITORS
Amounts falling due within one year 7 (174,846 ) (144,502 )
NET CURRENT LIABILITIES (3,766 ) (23,559 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,311

3,763

PROVISIONS FOR LIABILITIES (376 ) (503 )
NET ASSETS 14,935 3,260

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,835 3,160
14,935 3,260

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

KEIRA WILES LIMITED (REGISTERED NUMBER: 13314302)

BALANCE SHEET - continued
30TH APRIL 2024


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 23rd January 2025 and were signed on its behalf by:





Mrs K B Wiles - Director


KEIRA WILES LIMITED (REGISTERED NUMBER: 13314302)

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

1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 33% on cost and 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

KEIRA WILES LIMITED (REGISTERED NUMBER: 13314302)

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

2. ACCOUNTING POLICIES - continued

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 10 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023
and 30th April 2024 38,000
AMORTISATION
At 1st May 2023 13,300
Charge for year 7,600
At 30th April 2024 20,900
NET BOOK VALUE
At 30th April 2024 17,100
At 30th April 2023 24,700

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2023 4,579
Additions 730
At 30th April 2024 5,309
DEPRECIATION
At 1st May 2023 1,957
Charge for year 1,375
At 30th April 2024 3,332
NET BOOK VALUE
At 30th April 2024 1,977
At 30th April 2023 2,622

KEIRA WILES LIMITED (REGISTERED NUMBER: 13314302)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 17,485 4,989
Other debtors 496 -
17,981 4,989

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade creditors 10,017 8,015
Taxation and social security 32,070 42,402
Other creditors 132,759 94,085
174,846 144,502

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30/4/24 30/4/23
£    £   
Within one year 14,126 14,126

9. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £27,108 due to a director of the company. No interest is being charged on this amount and there are no fixed terms for repayment.