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KWL Architects Limited

Financial Statements for the Year Ended 30 April 2024






KWL Architects Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: P S Lewis
N L Ross
K Powell
D Hand
R Sheward





SECRETARY: P S Lewis





REGISTERED OFFICE: Poplar House
Hazell Drive
Newport
NP10 8FY





REGISTERED NUMBER: 05406830 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
KWL Architects Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of KWL Architects Limited for the year ended 30 April 2024 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of KWL Architects Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of KWL Architects Limited and state those matters that we have agreed to state to the Board of Directors of KWL Architects Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KWL Architects Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that KWL Architects Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of KWL Architects Limited. You consider that KWL Architects Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of KWL Architects Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited
Chartered Accountants


21 January 2025

KWL Architects Limited (Registered number: 05406830)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 46,663 81,663
Tangible assets 4 29,132 27,681
75,795 109,344

CURRENT ASSETS
Debtors 5 584,364 639,063
Cash at bank and in hand 67,492 112,612
651,856 751,675
CREDITORS
Amounts falling due within one year 6 244,976 315,435
NET CURRENT ASSETS 406,880 436,240
TOTAL ASSETS LESS CURRENT
LIABILITIES

482,675

545,584

CREDITORS
Amounts falling due after more than one
year

7

(280,245

)

(339,618

)

PROVISIONS FOR LIABILITIES (6,700 ) (5,300 )
NET ASSETS 195,730 200,666

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 195,630 200,566
SHAREHOLDERS' FUNDS 195,730 200,666

KWL Architects Limited (Registered number: 05406830)

Balance Sheet - continued
30 April 2024


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

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by:





P S Lewis - Director


KWL Architects Limited (Registered number: 05406830)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. 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 2005, is being amortised evenly over its estimated useful life of twenty 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.

Website development are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment, fixtures & fittings - 25% reducing balance and 25% straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


KWL Architects Limited (Registered number: 05406830)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


1. 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.

Pension costs
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.

Hire purchase and leasing commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 21 ) .

KWL Architects Limited (Registered number: 05406830)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


3. INTANGIBLE FIXED ASSETS
Website
Goodwill development Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 700,000 13,980 713,980
AMORTISATION
At 1 May 2023 618,337 13,980 632,317
Amortisation for year 35,000 - 35,000
At 30 April 2024 653,337 13,980 667,317
NET BOOK VALUE
At 30 April 2024 46,663 - 46,663
At 30 April 2023 81,663 - 81,663

KWL Architects Limited (Registered number: 05406830)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS
Office
equipment,
fixtures
& fittings
£   
COST
At 1 May 2023 190,351
Additions 12,689
At 30 April 2024 203,040
DEPRECIATION
At 1 May 2023 162,670
Charge for year 11,238
At 30 April 2024 173,908
NET BOOK VALUE
At 30 April 2024 29,132
At 30 April 2023 27,681

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 196,308 185,565
Amounts recoverable on contract 358,000 423,500
Other debtors & prepayments 30,056 29,998
584,364 639,063

KWL Architects Limited (Registered number: 05406830)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 51,862 48,321
Hire purchase contracts (see note 8) 6,689 5,369
Trade creditors 17,100 12,060
Taxes & social security costs 148,088 187,427
Other creditors & accruals 21,237 62,258
244,976 315,435

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 277,086 328,948
Hire purchase contracts (see note 8) 3,159 10,670
280,245 339,618

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 6,689 5,369
Between one and five years 3,159 10,670
9,848 16,039

KWL Architects Limited (Registered number: 05406830)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 109,781 75,687
Between one and five years 80,060 44,317
189,841 120,004

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 9,848 16,039
Bank loans 328,948 343,936
338,796 359,975

The bank loan is secured by a fixed and floating charge over the assets of the company.

Hire purchase contracts are secured on the assets purchased.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
N L Ross and C M Ross
Balance outstanding at start of year - 61,404
Amounts advanced - 44,374
Amounts repaid - (105,778 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

KWL Architects Limited (Registered number: 05406830)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

P S Lewis and S Lewis
Balance outstanding at start of year - 70,349
Amounts advanced - 51,417
Amounts repaid - (121,766 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -