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Registered number: 11024333
KPW Leasing Ltd
Financial Statements
For The Year Ended 29 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11024333
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 421,913 432,095
421,913 432,095
CURRENT ASSETS
Debtors 5 7,298 4,264
Cash at bank and in hand 3,937 5,349
11,235 9,613
Creditors: Amounts Falling Due Within One Year 6 (451,099 ) (452,157 )
NET CURRENT ASSETS (LIABILITIES) (439,864 ) (442,544 )
TOTAL ASSETS LESS CURRENT LIABILITIES (17,951 ) (10,449 )
Creditors: Amounts Falling Due After More Than One Year 7 (120,537 ) (145,413 )
NET LIABILITIES (138,488 ) (155,862 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (138,588 ) (155,962 )
SHAREHOLDERS' FUNDS (138,488) (155,862)
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For the year ending 29 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr P Hutton
Director
18 February 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
KPW Leasing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11024333 . The registered office is First Floor Sterling House, Outrams Wharf, Little Eaton, Derby, DE21 5EL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 18% reducing balance
Motor Vehicles held at fair value
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 30 April 2023 91,455 375,520 466,975
As at 29 April 2024 91,455 375,520 466,975
Depreciation
As at 30 April 2023 34,880 - 34,880
Provided during the period 10,182 - 10,182
As at 29 April 2024 45,062 - 45,062
Net Book Value
As at 29 April 2024 46,393 375,520 421,913
As at 30 April 2023 56,575 375,520 432,095
The historical cost of motor vehicles included above at a valuation of £375,520 (2023 - £470,304). 
An impairment review of motor vehicles was undertaken at 29 April 2023 by the director.
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 7,298 4,264
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 25,724 26,492
Trade creditors 7,324 4,144
Other creditors 418,051 421,521
451,099 452,157
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 120,537 145,413
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 171,905
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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